Tag: US gas prices
Elevated Crack Spreads & Crude Oil Prices Contribute to Higher Prices at the Pump
What are crack spreads and why are they elevated? Crack spreads are indicators of the profitability of refining crude oil into petroleum products such as gasoline and diesel. One common crack spread is calculated by subtracting the spot market price of a gallon of crude oil from the wholesale price of … [continued]
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Gas Prices Up 56% In USA
US gas prices have gone up, and up, and up since the country bombed Iran in late February. In March, I reported that the average price of gas in the country had gone up from $2.89/gallon to $3.48/gallon. Now, the average price of gas in the US is $4.517/gallon. That’s … [continued]
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We Can Create Food Systems That Enhance Human & Planetary Health
Food systems around the world could be the model for low carbon production processes. Decarbonizing agricultural — as in so many other sectors — means to methodically transition from reliance on fossil fuels to low carbon energy sources. We need to stop and ask, How is energy is produced to … [continued]
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The April Oil Crisis Most Don’t Know Is Coming
Living in the United States, Canada, or most of Europe, it’s easy to feel like the world’s problems never quite touch us. We spent the last twenty years watching wars unfold in Iraq and Afghanistan. Because of that, we got used to thinking that conflict in the Middle East just … [continued]
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Is The Big Oil Cartel Losing Its Influence?
A week of the US/Israeli war against Iran continues on unabated, and the Iran military blockade of the Strait of Hormuz has infused more turmoil into an already dangerous situation. In a typical day, 20 million barrels of oil passes through the Strait, but nothing seems typical anymore in our … [continued]
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