|  October 22, 2014  |  
Fair   40.0F  |  Forecast »
Bookmark and Share Email this page Email Print this page Print Feed Feed

This Week In Petroleum

Check out Today in Energy - highlighting current issues, topics, and data trends in short articles published every weekday. Subscribe at EIA.gov.
Energy Information Administration (EIA) Logo - Need Help? 202-586-8800

THIS WEEK IN PETROLEUM REPORT RELEASE - June 9, 2011

This Week In Petroleum

A real downturn or just a pause? Projected increases in world oil consumption may require higher production from OPEC countries World benchmark crude oil prices, which reached their highest level this year at the end of April, fell by more than 10 percent by May 9 and have since moved in a relatively narrow range.  A slowdown in the pace of U.S. and global economic recovery and recent increases in crude oil and gasoline inventories in the United States and elsewhere seemed to suggest softening market conditions in what is often the weakest time of the year, as have recent U.S. demand data suggesting slowing gasoline and jet fuel consumption compared to last year.  Since rising close to $4 per gallon during the first half of May, the national average retail price of regular gasoline has dropped about 20 cents.


Effective June 6, EIA discontinued its live telephone service to customers as a result of the FY 2011 funding level provided to EIA.

Pre-recorded information about EIA and frequently asked questions will still be available through our 24-hour automated system. We will still respond to your energy inquiries via email at InfoCtr@eia.gov.

----------------------------------------------------
Twitter Icon Follow us on Twitter

Add your comment:
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement