Showing posts with label petroleum. Show all posts
Showing posts with label petroleum. Show all posts

Saturday, July 2, 2016

Fossil fuels still dominate U.S. energy consumption despite recent market share decline

"Three fossil fuels—petroleum, natural gas, and coal—have provided more than 80% of total U.S. energy consumption for more than 100 years. In 2015, fossil fuels made up 81.5% of total U.S. energy consumption, the lowest fossil fuel share in the past century. In EIA's Annual Energy Outlook 2016 Reference case projections, which reflect current laws and policies, that percentage declines to 76.6% by 2040. Policy changes or technology breakthroughs that go beyond the trend improvements included in the Reference case could significantly change that projection..."
Fossil fuel

Saturday, November 1, 2014

What Drives U.S. Gasoline Prices?

"Crude oil is the main input cost in the production of gasoline, and changes in crude oil price, along with changes in gasoline market conditions, drive changes in wholesale and retail gasoline prices. EIA estimates that about two-thirds of the price of gasoline at the pump is attributable to the refinery cost of crude oil. When the price of crude oil changes, the price of wholesale gasoline adjusts concurrently to reflect the increased refinery input cost, other market factors being equal..."
Gasoline prices