That the CEO of the Renewable Fuels Association would come out fighting after the 2013 annus horribilis was to be expected. When Bob Dinneen, a man they’ve come to call the Reverend in these parts because of his full throttle evangelisin’ on the blendstock’s position in the USA, took the stage to deliver the keynote opening address to the 2014 National Ethanol Conference last week, the packed auditorium knew broadly what to expect.
Posts Tagged ‘gasoline’
By Tim Worledge | February 27, 2014 02:49 PM Comments (0)
By John Kingston | February 21, 2014 01:42 PM Comments (0)
A lot of integrated oil companies have split up into separate upstream and downstream companies; witness Marathon and ConocoPhillips.
Others have sold their downstream businesses piecemeal; Hess is doing that now.
At the very least, integrated oil companies like ExxonMobil have cut way back or eliminated company-owned gas stations.
But now we have a strange phenomenon: one of the nation’s best-known independent oil producers is going into the retail side of the biz.
We’re talking, of course, about Ewing Oil.
By James Bambino | January 31, 2014 02:44 PM Comments (0)
The recent polar vortices sweeping down from Canada have frozen much of the US to its core over the past month, driving home heating costs through the (drafty) roof, across the Midwest, Northeast and now the Southeast.
But the bugbear behind the dangerously tight natural gas market may come as a surprise to many. Sure, we’re exporting more NGLs and the frigid temperatures are eating away at stocks. That is free markets and good old fashioned supply and demand fundamentals at work, right?
By News Desk | December 16, 2013 12:01 AM Comments (0)
It’s a common story: a big company with some degree of government ownership finds itself needing to set gasoline and diesel prices on the basis of politics rather than just economics, and has a heap of trouble as a result. Brazil’s Petrobras is the latest, as correspondent Dom Phillips discusses in this week’s Oilgram News column, Petrodollars.
By News Desk | November 6, 2013 04:09 PM Comments (0)
US refined product inventories sank 8.7 million barrels the week ending November 1 as demand for gasoline and distillates jumped, data released by the US Energy Information Administration showed today. The data appeared bullish for NYMEX RBOB futures, as the most significant draw in gasoline stocks was on the US Atlantic Coast — home of the New York delivery point for RBOB. You can read out analysis here.
By John Kingston | November 3, 2013 12:09 PM Comments (0)
There were a pair of news items over the past days that could be at least mildly indicative of two economic theorems: demand elasticity and Jevon’s Pardox.
Companies selling cars in the US reported their October sales Friday. Reviewing them, it’s hard not to miss the fact that the deeply-held view that Americans are turning away from bigger cars may be taking a hit from the sliding price of gasoline.
By News Desk | October 2, 2013 05:47 PM Comments (0)
US crude inventories jumped 5.47 million barrels last week as refiners, particularly on the Gulf Coast, reduced runs, data released by the US Energy Information Administration showed Wednesday. US crude imports climbed, although the increases were seen on the US Atlantic Coast and West Coast. Despite the drop in refinery operations, the US remained well-supplied with gasoline. US gasoline stocks climbed 3.5 million barrels, putting inventories nearly 8% above the five-year average. Read the Platts analysis.
By Jeffrey Bair | September 26, 2013 12:01 AM Comments (6)
OK, raise your hand if you have done one of these things, ever:
By Alison Ciaccio | September 11, 2013 11:01 AM Comments (0)
US gasoline prices soared at the end of August, pushing to well over $3.10/gal in the futures market and more than $3.64/gal at the pump, as the US appeared poised to strike Syria. But a bid by Russian President Vladimir Putin to take custody of embattled Syrian President Bashar Assad’s chemical weapons has taken the heat off of oil futures as well as prices at the pump.
The intensity surrounding Syria and implications that a military strike could spill over to other, larger oil-producing countries, added a premium of risk to oil prices, which also translated to higher retail gasoline prices.