March 28, 2016, 10am PDT
Gas prices are on the rise, though they will remain well below 2014 levels through this year. U.S. oil production dropped by 600,000 barrels from last year, while gas consumption is on track to break the 2007 record thanks to cheap gas and more SUVs.
November 3, 2015, 6am PST
Gas prices are 80 cents a gallon less than a year ago and $1.50 less than April 2014. With this amount of savings, the economy should be improving from all the extra cash in consumers' hands. You'll be surprised where much of the savings is going.
December 4, 2014, 7am PST
For the first time since 2006, gasoline consumption in California increased from the prior fiscal year. From July 2013 through June 2014, consumption increased 1 percent.
November 24, 2013, 7am PST
Michael Sivak of the Univ. of Michigan has published another key report documenting our waning love affair with the automobile. Sivak documents peak overall gasoline consumption occurring in 2004. Per capita fuel consumption may have peaked in 2003.
August 20, 2013, 10am PDT
Mexico, the world's 9th largest oil producer and first to nationalize its oil production, has seen steep production declines as the state-owned oil company lacks capital resources and expertise. Constitutional reforms would entice private investment.
The New York Times - Global Business
December 18, 2011, 5am PST
Petroleum products are defined as refinery products, such as fuel. The U.S. passed a threshold in November. The EIA recorded 689.4 million barrels of oil refinery products imported and 753.4 million barrels exported in the first 9 months of 2011.
The Wall Street Journal - Business
November 30, 2009, 11am PST
There's a glut of ethanol on the market, and the solutions to consume it are not easy. The maximum blend in gasoline is 10% before it affects the catalytic converter, and E85 can't compete with the more efficient, though more expensive, gasoline.
The New York Times - Energy & Environment