April 2000

Trends and Resources

HP Impact: HPImpact: EIA: gasoline price volatility to persist

The Energy Information Administration submitted its analysis and outlook on the energy marketplace last month to a House subcommittee on energy and power. Here are highlights from the statement, prese..

Weirauch, Wendy, Hydrocarbon Processing Staff

The Energy Information Administration submitted its analysis and outlook on the energy marketplace last month to a House subcommittee on energy and power. Here are highlights from the statement, presented by John Cook, Director of the EIA's Petroleum Division. "World crude oil and petroleum product prices have risen rapidly over the past twelve months, from about $12 per barrel in February [1999] to touch $34 this week [mid-March 2000]. While $34 adjusted for inflation is still less than the $70/barrel seen in 1981, the extreme price volatility over the last year has created market dislocations. "The recent price rise is the result of a shift in the world balance between pr

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