November 1997

Trends and Resources

HP Impact: HPImpact: Motor gasoline market dynamics assessed

The springs of 1996 and 1997 provide an excellent example of contrasting gasoline market dynamics, according to a recent Energy Information Administration (EIA) analysis. In spring '96, tightening cru..

Weirauch, Wendy, Hydrocarbon Processing Staff

The springs of 1996 and 1997 provide an excellent example of contrasting gasoline market dynamics, according to a recent Energy Information Administration (EIA) analysis. In spring '96, tightening crude oil markets pushed up gasoline prices sharply, adding to the normal seasonal gasoline price increases; however, in spring '97, crude oil markets loosened and crude oil prices fell, bringing gasoline prices down. Retail conventional regular gasoline prices in spring '96 rose sharply. This resulted from a combination of factors, some of which were unusual but not unprecedented. These included a late-winter cold spell which caused refiners to focus on production of distillate (heating oil,

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