Did We Take Low Interest Rates for Granted?
The country had the perfect opportunity to invest in infrastructure and squandered it.
U.S. gasoline prices in 2016 were the lowest since 2004
(Fri, 06 Jan 2017) U.S. regular retail gasoline prices averaged $2.14 per gallon (gal) in 2016, 29 cents/gal (12%) less than in 2015 and the lowest annual average price since 2004. Lower crude oil prices in 2015 were the main cause of lower gasoline prices. In 9 of the 10 cities for which EIA collects weekly retail price data, gasoline prices did not exceed $3.00/gal.
US ports prime themselves for expected uptick in petchem exports
The expected growth in international shipments as a slew of new ethane crackers and associated derivative units start coming online this year has US ports gearing up to nab a piece of the action.
Annual Energy Outlook 2017
(Thu, 05 Jan 2017) The U.S. Energy Information Administration (EIA) today released the Annual Energy Outlook 2017 (AEO2017), which focuses on the factors expected to shape U.S. energy markets through 2050.
EIAâs AEO2017 projects the United States to be net energy exporter in most cases
(Thu, 05 Jan 2017) EIAâs <em>Annual Energy Outlook 2017</em> (AEO2017), which will be released this morning, presents updated projections for U.S. energy markets through 2050 based on eight cases. This is the first time that EIA is publishing projections through 2050 in the AEO tables.
Remaking Kennedy Airport Is Governor’s Next Big Plan
Gov. Andrew M. Cuomo of New York wants to spend over $10 billion to rebuild and modernize Kennedy Airport’s terminals and the ways to get there.
US gasoline flows may shift as new environmental rules take effect
With the possibility of greater gasoline exports, the US market may become more dependent on imports to make up the shortfall.
Crude oil prices increased in 2016, still below 2015 averages
(Wed, 04 Jan 2017) Crude oil prices ended the year above $50 per barrel (b). Although the annual average West Texas Intermediate (WTI) crude oil price in 2016 was $43/bâdown $5/b from 2015âthe WTI price ended 2016 at $53/b, $16/b higher than at the end of 2015. Similarly, Brent ended the year up $17 from the end of 2015, at $54/b, but the 2016 annual average of $44/b was $8 below the 2015 average.
Leadership change may tip scale on CFTC policies
The US CFTC acted unanimously to re-propose regulations setting position limits, meant to head off excessive speculation in 25 physical commodity futures and swaps markets.
FERC's policing of markets won't see big changes under Trump, officials say
Former FERC enforcement officials are not expecting the change in administration to greatly impact the commission's watchdog role, but new commissioners could bring nuanced views of what constitutes market manipulation.