Tag: United States Department of Energy

  • Weak Gasoline Demand Creates Headwinds for Petroleum

    Weak Gasoline Demand Creates Headwinds for Petroleum

    Petroleum prices have rebounded slightly but remain depressed near the bottom end of the current range.  The recent barrage of weaker than expected economic data and the realization that the US could become an oil exporter has placed pressure on crude oil prices, driving WTI down below 95 per barrel. Inventory from the Department of…