Crude Oil Prices Decline 2018 May-June Alex Mills Contributors 

Crude Oil Prices Decline

Crude oil futures hit a speed bump last week amid rumors that some crude oil producing countries were going to increase their production soon. Prices on the international exchange for Brent crude futures declined from its high of $80 per barrel to $75. In the U.S., futures prices for 30-day delivery on NYMEX declined to $64.75 from $70 a week… Read More
Saudi Arabia, Russia May Seek Change To Production Quota 2018 May-June Alex Mills Contributors 

Saudi Arabia, Russia May Seek Change To Production Quota

Last week officials from Saudi Arabia and Russia announced they may seek a change in their current policy to limit oil production and exports. This week the Energy Information Administration (EIA) released data stating that the reduction in production has reduced inventories. The new was anticipated because inventories had been declining worldwide and in U.S. since 2017. During the period… Read More
Electric Vehicles Experienced Slow Growth In 2017 2018 May-June Alex Mills Contributors 

Electric Vehicles Experienced Slow Growth In 2017

Electric vehicles (EVs) have been a growing market for automakers, but they had slow growth last year, according to a new study released by the Energy Information Administration (EIA). EIA reported “limited growth” of EV sales in 2017, citing relatively low gasoline prices, increased fuel economy of gasoline vehicles, limited charging infrastructure and higher prices for EV compared to gasoline… Read More
Gasoline Price Rises As Supplies Drop 2018 May-June Alex Mills Contributors 

Gasoline Price Rises As Supplies Drop

Rising gasoline prices have been a big news story this past week increasing to a nationwide average of $2.87 per gallon. The U.S. average diesel fuel price increased to $3.24 per gallon. West Coast tops the nation at $3.73, and Gulf Coast has the lowest at $2.61, according to the Energy Information Administration (EIA). Gasoline, diesel and other distillate fuels… Read More
Crude Oil Surpasses $70 Per Barrel 2018 May-June Alex Mills Contributors 

Crude Oil Surpasses $70 Per Barrel

Crude oil prices in the U.S. broke through the $70 mark on the New York Mercantile Exchange (NYMEX) for the first time this week since 2014. Analysts said increased demand, declining inventories, and tension in some oil producing countries were all contributing factors to the rise in price worldwide. During the latest decline in price, oil slipped to $26 per… Read More
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