A couple of data points for the minority leader of the U.S. Senate, who asserted earlier this week that gasoline prices never go down. The first point is that gasoline prices have come down. Nationally, the average price of a gallon of gasoline the third week of July was $2.392 – about 42 percent lower… Keep reading →
To the delight of motorists everywhere, the price of oil suddenly halved in the second half of 2014, dropping from over $100 to less than $50 a barrel.
In November, Americans were grateful for the lowest Thanksgiving gas prices in seven years. Thanks largely to the American energy resurgence, drivers continue to enjoy relief at the pump – with the national average close to $2.00, according to AAA. As winter approaches, the good news continues with the U.S. Energy Information Administration’s (EIA) Winter… Keep reading →
Americans are not spending much of the money they’re saving at the pump. Some benefit in home prices and employment have come to areas with long commutes, but effects on retail spending have been “more ambiguous,” according to an analysis from Goldman Sachs economists. “Our view has been that the boost to real incomes from… Keep reading →
Rolling back energy subsidies is one of the most vexing problems energy export-revenue-dependent countries face. The problems starts innocently enough when countries discovery vast natural resource deposits and begin profiting substantially from their development. In developing economies, it has been common practice everywhere from Venezuela to Nigeria to the Middle East to supply the population… Keep reading →
As Chinese citizens demand cleaner air, but put more cars on the road, Beijing is retooling its policies towards fuel standards and pricing, while Chinese refiners adjust company strategy. Watch for these forces to play out in the next few years, with the potential for ripple affects throughout Asia, especially in the gasoline and diesel… Keep reading →
Most people find it tough to get excited about regulators. But President Obama’s nomination of Ron Binz to head the Federal Energy Regulatory Commission (FERC) is reason to sit up and take notice. FERC oversees the nation’s electricity and natural gas networks, and the grid is badly in need of upgrades—up to $2 trillion worth by… Keep reading →
