Natural Gas vs. Crude Oil Prices 2002 – 2008

May 31, 2008

Natural Gas vs. Crude Oil Prices 2002 – 2008

Advertisements

Gasoline vs. Diesel Prices

May 14, 2008

xxx

850×575

xxx

900×600

xxx

 

 


Refined Product Demand

May 3, 2008


Jet Fuel Demand 2002 – 2008

May 3, 2008


Gasoline Demand 2004 – April 2008

May 2, 2008

This chart tracks the EIA’s “product supplied” number which is considered “demand.” The drop (in red) since February averages about 1% from levels in the same period last year.


Crude Oil vs. NY Harbor RBOB Gasoline Futures

April 28, 2008

Crude Oil vs. RBOB Futures

These are weekly prices from the EIA. The crude oil price is divided by 42 gallons per barrel.

Between September 2007 and April 2008, the average difference between The price of wholesale gasoline and crude oil was $0.15 per gallon. Extrapolating this gives a price of crude oil at abouit $135 per barrel for wholesale gasoline to reach $3.40 per gallon. At this price the average national retail price of gasoline should be at least $4.

This is done using the very close $0.15 difference and low refinery margins of the last 6 months. From the graph, it can be seen that differences of 60 and 70 cents are not atypical. Therefore retail prices could easily approach $4 at present levels of $100-$120 per barrel of crude.

At the time of this writing, NY RBOB is $3.05, Crude is $119, and The retail average for regular unleaded is $3.60.


Gasoline Prices

April 20, 2008