Why do gasoline prices seem to go up very quickly after crude oil costs increase and come down very slowly when crude costs decline?
This question raises the so-called “rocket/feather” phenomenon that is a common concern of motorists who believe gasoline prices go up like a rocket when crude oil costs increase and come down like a feather when crude costs decline.
Although experts have debated this topic for years, at least one study ...
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I've been reading about the profits of the major oil companies. I understand that businesses need to make a profit but aren't these billions of dollars out of line. Can't these companies give consumers a break?
We recognize that news coverage of oil industry earnings raises a lot of questions among consumers. Here are some facts that might help put the numbers in perspective.
The dollars involved in these articles are unquestionably large. But these companies have huge worldwide operations and sell billions of gallons ...
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I hear a lot about crude oil production on the West Coast, both offshore and onshore. But I don’t hear much about natural gas production. How much natural gas is produced on the West Coast and where does it come from?
Natural gas is an increasingly important source of energy and a great deal of it comes from the very same wells that produce crude oil. In 2007, according to the California Division of Oil, Gas & Geothermal Resources, 312 billion cubic feel of natural gas was produced in California ...
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