Latest Energy Information Administration Stories
By H Josef Hebert WASHINGTON - World energy demand will grow 50 percent over the next two decades, oil prices could rise to $186 a barrel and coal will remain the biggest source of electricity despite its effect on global warming, government experts predict. The Energy Information Administration's long-range forecast to 2030 said the world is not close to abandoning fossil fuels. They will continue to be at the core of energy production in transportation and electricity generation,...
To: POLITICAL EDITORS Contact: Republican National Committee, +1-202-863-8614 As Obama Travels To Michigan, Will He Explain His Support For Higher Energy Costs To Voters? WASHINGTON, June 16 /PRNewswire-USNewswire/ -- The following is being issued by the Republican National Committee: (Logo: http://www.newscom.com/cgi-bin/prnh/20080519/RNCLOGO) Today, Obama Will Campaign In Michigan."The road to the White House doesn't necessarily run through Flint, but it's a natural side trip for any...
By Tom DoggettWASHINGTON (Reuters) - The average price U.S. drivers paid for gasoline fell to the lowest level in more than four months, the government said on Monday, and more savings could be on the way as Tropical Storm Ernesto becomes less of a threat to oil producing areas in the Gulf of Mexico.The national price for regular unleaded gasoline dropped 7.9 cents over the last week to $2.85 a gallon, according to the federal Energy Information Administration's weekly survey of 800 service...
By Tom Doggett WASHINGTON (Reuters) - U.S. drivers continued to find relief at the pump as the price for gasoline declined for the second week in a row, dropping to the lowest level in two months, the government said on Monday. The national price for regular unleaded gasoline fell 7.6 cents over the last week to $2.92 a gallon, still up 31 cents from a year ago, according to the federal Energy Information Administration's weekly survey of service stations. The drop at the pump reflects...
By Tom Doggett WASHINGTON (Reuters) - Americans should enjoy falling gasoline prices for the next several weeks as they wrap up their summer vacations, the government's top energy forecasting agency said Wednesday. The national price for regular unleaded gasoline fell 3.8 cents over the last week to $3 per gallon, the biggest one-week drop since mid-May, but still 45 cents more than consumers shelled out last year at this time. This summer's average gasoline price has been the highest...
WASHINGTON (Reuters) - Americans should enjoy falling gasoline prices for the next several weeks as they wrap up their summer vacations, the government's top energy forecasting agency said Wednesday. The national price for regular unleaded gasoline fell 3.8 cents over the last week to $3 per gallon, the biggest one-week drop at the pump since mid-May but still 45 cents more than consumers shelled out last year. This summer's average gasoline price has been the highest on record,...
By Tom Doggett WASHINGTON (Reuters) - U.S. motorists will not face shortages of gasoline because of BP Plc's shutdown of its giant Prudhoe Bay oil field in Alaska, even though pump prices may rise, the government's energy forecasting agency said Monday. BP announced over the weekend it was shutting down its 400,000 barrel-a-day Alaskan oil field to repair corrosion in the transit pipeline that moves the crude. U.S. crude oil prices settled $2.22 a barrel higher at the New York...
By Tom Doggett WASHINGTON (Reuters) - The average price American drivers paid for gasoline climbed to within 3 cents of a record high, as a major oil field in Alaska began shutting down and knocking out a big chunk of U.S. crude production, the government said on Monday. The national price for regular unleaded gasoline rose 3.4 cents over the last week to $3.04 a gallon, according to the federal Energy Information Administration's weekly survey of service stations. That was up 67...
By Tom Doggett WASHINGTON (Reuters) - U.S. gasoline prices are still rising, but drivers got a little break at the pump over the last week as they did not have to dig much deeper into their pockets to fill up, the government said on Monday. The national price for regular unleaded gasoline rose a slight 0.1 cent to just over $3 a gallon, according to the federal Energy Information Administration's weekly survey of service stations. That was up 71 cents from a year ago and closer to the...
By Tom Doggett WASHINGTON (Reuters) - U.S. drivers should expect to pay around $3 a gallon coast to coast for gasoline through the rest of the summer, the government's top energy forecasting agency said on Wednesday. The federal Energy Information Administration said it expects "gasoline prices to remain in the vicinity of $3.00 per gallon for much of the rest of the summer, with any significant price declines not likely to occur before September (after the Labor Day holiday) when...
