Latest News & Analysis


  • EIA Cuts Crude Oil Price Forecast

    The U.S. Energy Information Administration has lowered crude oil price forecasts in its Short-Term Energy Outlook, expecting West Texas Intermediate crude oil prices to average $49 per barrel in 2015 and $54/b in 2016.
  • U.S. Refineries Are Running at Record-High Levels

    Gross inputs to U.S. refineries exceeded 17 million barrels per day (b/d) in late July and early August, a level not previously reached since the Energy Department's Energy Information Administration began publishing weekly data in 1990.

  • Pump Primer: How U.S. Gasoline Prices Are Set

    The new report, Pump Primer: How U.S. Gasoline Prices are Set, builds on the gasoline pricing analysis previously used in a series of comprehensive IHS studies on U.S. crude export policy. The studies found that removing the U.S. crude export ban would actually lower U.S. gasoline prices an average of 8 cents per gallon by encouraging greater U.S. crude production. All else being equal, a more well-supplied world oil market will put downward pressure on international crude oil prices—and consequently on U.S. gasoline prices.

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