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Latest Energy Information Administration Stories

2006-04-11 08:09:51

By Tom Doggett WASHINGTON (Reuters) - The price U.S. drivers will pay for gasoline this summer will average $2.62 a gallon, up 25 cents from last summer, and motor fuel demand will be 1.5 percent higher, the government's top energy forecasting agency said on Tuesday. "Gasoline prices are expected to increase because of the higher cost of crude oil compared with last year and the increase in production and distribution costs associated with (low sulfur fuel requirements) and the...

2006-03-13 17:41:09

By Tom Doggett WASHINGTON (Reuters) - U.S. retail gasoline prices jumped another 3.5 cents over the last week to the highest level since early November, the government said on Monday. The national price for regular unleaded gasoline averaged $2.37 a gallon, up 31 cents from a year ago, based on the federal Energy Information Administration's survey of service stations. Pump prices have risen 11.2 cents in the last two weeks as gasoline demand picks up with the busy U.S. spring...

2006-03-08 17:49:46

By Tom Doggett WASHINGTON (Reuters) - U.S. consumers will face high gasoline prices this busy summer driving season and should expect to pay more than $2.50 a gallon at the pump, the government's top energy forecasting agency said on Wednesday. High crude oil costs, which account for about half the cost of making gasoline, and strong demand for motor fuel as the weather gets warmer will push up pump prices, according to the federal Energy Information Administration. "As people begin...

2006-03-07 15:13:59

By Tom Doggett WASHINGTON (Reuters) - U.S. and world oil demand will be lower than expected through June as petroleum prices stay high, the government's top energy forecasting agency said on Tuesday. The projections of lower demand, particularly for the second quarter, come as OPEC ministers meet in Vienna this week to review their production policies and could justify concerns of some cartel members that output needs to be cut at some point in the coming months to prevent a drop in...

2006-03-07 04:55:00

By Tom Doggett WASHINGTON -- U.S. drivers saw gasoline prices soar an average 7.7 cents a gallon over the last week, while truckers paid the most for diesel fuel since November, the government said on Monday. The national price for regular unleaded gasoline jumped to $2.33 a gallon, up 33 cents from a year ago and the highest level in a month based on the federal Energy Information Administration's survey of service stations. The price increases in many cities were much higher, skyrocketing...

2006-02-21 17:39:09

By Tom Doggett and Chris Baltimore WASHINGTON (Reuters) - Senate Democrats on Tuesday asked the Bush administration to explain how it can slash Middle East oil imports by 75 percent by 2025 when the government's top energy forecaster predicts that won't happen. As President George W. Bush wrapped up a two-day, three-state tour to promote his alternative energy plan, Democrats asked Energy Secretary Sam Bodman to detail how the plan will reduce oil imports from the Mideast. "Could...

2005-12-05 16:53:49

By Tom Doggett WASHINGTON (Reuters) - U.S. retail gasoline prices fell for the ninth week in a row, the government reported on Monday, although the rate of decline slowed, and the price remained 24 cents higher than a year ago. President George W. Bush said high gasoline prices amounted to a tax on consumers and businesses, and called on Congress to pass legislation to promote construction of more oil refineries to boost fuel supplies. The national price for regular unleaded...

2005-11-08 12:56:51

NEW YORK (Reuters) - U.S. households heating their homes with natural gas can expect to spend 41 percent more this winter and homes using heating oil should expect a 27 percent cost boost, the U.S. Energy Information Administration said on Tuesday. The forecasts came in the EIA's monthly short-term energy outlook issued on Tuesday.

2005-11-07 17:14:37

By Tom Doggett WASHINGTON (Reuters) - U.S. drivers found more savings at the pump in the latest week as the national retail price for gasoline fell below $2.40 a gallon, and prices will keep falling, the government's top energy forecasting agency said on Monday. The price for regular unleaded gasoline dropped 10.4 cents over the last week to $2.38 a gallon, still up 38 cents from a year ago, based on the Energy Information Administration's weekly survey of service stations. The...

2005-10-17 15:45:44

By Tom Doggett WASHINGTON (Reuters) - U.S. retail gasoline prices fell again last week, with the cost for regular unleaded gasoline dropping 12.3 cents to $2.73 a gallon, the government's top energy forecasting agency said on Monday. The national pump price has fallen 20 cents in the last two weeks, but is still up 69 cents from a year ago, based on the Energy Information Administration's weekly survey of service stations. The drop in gasoline prices mirrors the decline in crude...


Word of the Day
baudekin
  • A rich embroidered or brocaded silk fabric woven originally with a warp of gold thread.
'Baudekin' seems to be an alternative form of 'baldachin,' from the Italian 'Baldacco,' Baghdad, the city where the material was made.
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