Tag archives for gas prices
Posted by Gasoline prices for U.S. drivers will be about six cents lower on average this summer compared to last year, according to a new forecast. The Energy Information Administration (EIA) predicts that the average retail price for a gallon of regular gasoline will be $3.63, compared to $3.69 last year. That’s only a slight bump up…
Gasoline Selling for a Premium on Craigslist in Areas Hit by Sandy
Posted by OilPrice.com on November 7, 2012 As Hurricane Sandy hit the U.S. Northeast, refineries and harbors were shut down, effectively disrupting nearly all fuel deliveries to the area. As a result gasoline stations have run out of petroleum and shut down, and those that remain open see customers lining up for hours to get to the pump. According to the AAA…
Keystone Pipeline Debate Reopens with Submission of New Application
Posted by Tim Profeta of Nicholas Institute for Environmental Policy Solutions, Duke University on May 10, 2012 The U.S. Department of State has received a new application from TransCanada—the company behind the controversial Keystone XL project—to ship crude oil via a proposed pipeline running from the Canadian border to existing infrastructure in Nebraska. TransCanada had its initial application rejected by the Obama administration in January. The reapplication to the U.S. State Department…
Arctic Oil Drilling Opens as Pitfalls Pondered Miles Away
Posted by Tim Profeta of Nicholas Institute for Environmental Policy Solutions, Duke University on April 26, 2012 Nearing record highs in March, gasoline prices have dropped for most of April across the U.S. and on average are cheaper than they were a year ago. As pump prices ease, federal prosecutors are turning up the heat in the BP oil spill case, arresting an ex-engineer accused of obstructing justice by deleting potentially damaging e-mails. And as the…
U.S. Energy Department: Peak Travel Season Could Cost Drivers 6% More
Posted by Tim Profeta of Nicholas Institute for Environmental Policy Solutions, Duke University on April 12, 2012 Gasoline prices have edged off the pedal in recent days, but the Energy Information Administration this week released new data showing motorists will pay about a quarter more per gallon during peak travel season—April through September. Prices will top out at $4.01, on average, in May. The last time gasoline spiked to such levels was…
Posted by Co-authored by Randy Essex, RMI Editorial Director It’s a fallacy that we can drill our way to low gas prices, and trying to do so not only threatens our health, but also wastes our money and misdirects innovation. If we stop focusing on the problem of high gas prices and who’s to blame and start…
A Truckers’ Strike Drives Home The Depth of São Paulo’s Dependence on Cars, and on Fuel
Posted by Marcelo Soares on March 13, 2012 In a city addicted to driving like São Paulo, a sudden shortage of fuel hits hard. With a fleet of 6.6 million vehicles in January, and about 630 more hitting the streets each day, fuel was taken for granted in Brazil’s largest city and financial capital. Until one day last week, it was not. Now,…
Oil, Gasoline Prices Hit All-Time Highs in 2011—and May Continue Rising
Posted by Mason Inman on January 12, 2012 Average prices of oil and gasoline at the pump reached an all-time high in 2011, according to U.S. Energy Information Administration data. Brent crude oil, the global benchmark, averaged $111 a barrel—the first time it broke $100 for a whole year. In some ways, these records snuck up on Americans, since there was no extreme…
Ending Oil Tax Breaks Could Pay For New Jobs—and Some May Be Green
Posted by Mason Inman on September 15, 2011 President Obama unveiled a new job creation plan in a major speech to Congress last week and follow-up speeches this week, in which he called for an end to tax breaks for oil and gas companies to bring in an additional $32 billion over 10 years to pay for increased government spending. Earlier this year,…
Posted by It’s a new campaign pledge by Republican presidential hopeful Michelle Bachmann, but a close look at the history of U.S. gasoline prices indicates that turning the clock back to $2 gasoline would bring the nation back to some brief, and not- necessarily-prosperous eras. An interactive graphic developed by the U.S. Energy Information Administration shows that…
Gas Prices Slow to Respond to Drop in Oil Price
Posted by Alexandra Arkin on August 9, 2011 The price of crude oil is plummeting on world markets, but when do consumers get a break at the pump? The answer: It’s hard to say. Gas prices in the United States actually have risen steadily over the past several weeks, from an average of $3.63 per gallon (about 96 cents per liter) in late…
Australia’s Ambitious Scheme Sets World’s Highest Price on Emissions
Posted by Mason Inman on July 19, 2011 Australia, with the highest per capita greenhouse emissions of any large developed country, will soon take on one of the most ambitious schemes to tackle climate change, with a new carbon-trading system. The planned carbon tax will start in 2012 and apply first to the 500 worst polluting companies responsible for about 60 percent of…
