Rapid growth in propane exports drove U.S. petroleum product export growth in the first half of 2016 (9/28/2016)

In the first half of 2016, the United States exported 4.7 million barrels per day (b/d) of petroleum products—almost 10 times the crude oil export volume—an increase of 500,000 b/d over the first half of 2015. While U.S. exports of distillate and gasoline increased by 50,000 b/d and nearly 140,000 b/d, respectively, propane exports increased by more than 230,000 b/d (Figure 1). Propane is now the second-largest U.S. petroleum product export, surpassing motor gasoline. While total U.S. petroleum product exports grew, export destinations remained largely unchanged. ... More »

Pipeline shutdown disrupts gasoline supply in the Southeast (9/21/2016)

A partial shutdown of the Colonial Pipeline system, a major source transportation fuels supply to the Southeast, has disrupted gasoline supplies, leading to higher prices and product shortages in parts of the region. ... More »

EIA's weekly crude oil inventory data will soon be presented without lease stocks (9/14/2016)

Starting with the Weekly Petroleum Status Report (WPSR) published on October 13, 2016, the U.S. total commercial crude oil inventory weekly data series will no longer include lease stocks. This change reflects our understanding that lease stocks are not yet available for commercial use and that in many cases operators do not count them as production until they are transferred off of the lease via pipeline, rail, or trucks to tank farms for storage. ... More »

U.S. retail gasoline prices at twelve-year low heading into Labor Day (9/8/2016)

The U.S. average retail price for regular gasoline was $2.24/gallon (gal) on August 29, the lowest price on the Monday before Labor Day since 2004 and 27 cents/gal lower than the same time last year (Figure 1). Lower crude oil prices are the main factor behind falling U.S. gasoline prices. Lower crude oil prices reflect continued high global crude oil and petroleum product inventories and increased drilling activity in the United States. Despite strong gasoline demand, high inventories and lower crude prices have been putting downward pressure on gasoline prices and refinery margins. ... More »