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Gas Wizards News Posts

Alaska Sees Record Breaking Year For Oil And Gas Leases

Nov 24, 2018 by Administrator

Alaska Sees Record Breaking Year For Oil And...

Gas to overtake coal as world's second largest energy source by 2030, says IEA

Nov 22, 2018 by Administrator

Gas to overtake coal as world's...

Iran’s Ghost Tankers Are Slipping Through The Cracks

Nov 13, 2018 by Administrator

Iran’s Ghost Tankers Are Slipping...

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News

Gasoline Prices

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Posted on Jan 25, 2017 by Administrator

Gasoline Prices: The front-month futures price of reformulated blendstock for oxygenate blending (RBOB, the petroleum component of gasoline used in many parts of the country) rose 9 cents per gallon (gal) from December 1 to settle at $1.64/gal on January 5 (Figure 2). The RBOB-Brent crack spread (the difference between the price of RBOB and the price of Brent crude oil) rose 2 cents/gal over the same period. In late December, the RBOB price reached its highest point since August...

EIA Energy Outlook

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Posted on Jan 24, 2017 by Administrator

Brent crude oil prices are forecast to average $53/b in 2017 and $56/b in 2018. West Texas Intermediate (WTI) crude oil prices are forecast to average $1/b less than Brent in both 2017 and 2018. The current values of futures and options contracts suggest high uncertainty in the price outlook. For example, EIA's forecast for the average WTI price in December 2017 of $53/b should be considered in the context of NYMEX contract values for December 2017 delivery. Contracts traded during...