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Metropolitan Washington Council of Governments

The Impacts of Rising Gasoline Prices Doug MacIntyre Energy Information Administration September 30, 2005. Metropolitan Washington Council of Governments. U.S. Average Retail Regular Gasoline Prices. Source: EIA Weekly Retail Gasoline Price Survey. Retail Regular Gasoline Prices in DC Area.

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Metropolitan Washington Council of Governments

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  1. The Impacts of Rising Gasoline PricesDoug MacIntyreEnergy Information AdministrationSeptember 30, 2005 Metropolitan Washington Council of Governments

  2. U.S. Average Retail Regular Gasoline Prices Source: EIA Weekly Retail Gasoline Price Survey.

  3. Retail Regular Gasoline Pricesin DC Area Source: AAA Fuel Gauge Report

  4. DC Retail Regular Gasoline Prices Source: AAA Fuel Gauge Report

  5. MD Retail Regular Gasoline Prices Source: AAA Fuel Gauge Report

  6. VA Retail Regular Gasoline Prices Source: AAA Fuel Gauge Report

  7. What We Pay For In a Gallon of Regular Gasoline August 2005 Retail Price: $2.49/gallon Taxes - a monthly national average of federal and state taxes applied to gasoline or diesel fuel Distribution & Marketing Costs & Profits - the difference between the average retail price of gasoline as computed from EIA's weekly survey and the sum of the other 3 components Refining Costs & Profits - the difference between the monthly average of the spot price of gasoline (used as a proxy for the value of gasoline as it exits the refinery) and the average price of crude oil purchased by refiners (the crude oil component). Crude Oil - the monthly average of the composite refiner acquisition cost, which is the average price of crude oil purchased by refiners

  8. WTI Crude Oil Prices Expected to Remain High in September Short-Term Energy Outlook Sources: History: EIA; Projections: Short-Term Energy Outlook, September 2005.

  9. Recent World Oil Demand Growth Has Been Strong World oil demand growth, led by China, is surging at very high rates Sources: History: EIA; Projections: Short-Term Energy Outlook, September 2005, Medium Recovery Case.

  10. Spare Production Capacity is Minimal Forecast Spare capacity hit its lowest level in 30 years in 2005; little increase in 2006 Sources: History: EIA; Projections: Short-Term Energy Outlook, September 2005, Medium Recovery Case.

  11. OECD Commercial Oil Inventories Remain Better than Last Year Through July Source: History through July 2005: Oil Market Report, IEA, September 2005.

  12. Low Excess Capacity and Low Days of Supply Are Fundamentals Supporting High Crude Prices Sources: WTI: Reuters; OECD Days Supply: International Energy Agency & EIA Estimates; World Excess Production Capacity: EIA estimates.

  13. U.S. Total Gasoline Inventories Actual Forecast NOTE: Colored Bands are Normal Stock Ranges Sources: History: EIA; Projections: Short-Term Energy Outlook, September 2005.

  14. U.S. Finished Gasoline Demand Sources: History: EIA

  15. Plantation and Colonial Pipelines

  16. Links and Contacts • EIA Gasoline & Diesel Fuel Update Page, http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp • Primer on Gasoline Prices, http://www.eia.doe.gov/neic/brochure/oil_gas/primer/primer.htm • AAA Fuel Gauge Report, http://www.fuelgaugereport.com/ • This Week In Petroleum, http://tonto.eia.doe.gov/oog/info/twip/twip.asp • National Energy Information Center, (202) 586-8800, infoctr@eia.doe.gov • Doug MacIntyre, (202) 586-1831, douglas.macintyre@eia.doe.gov

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