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Content about Price of petroleum

December 19, 2008

WASHINGTON — Because the current global economic slowdown is now projected to be more severe and longer than in last month’s Energy Information Administration (EIA) short-term energy outlook, this month’s outlook projects further reductions of global energy demand and additional declines in energy prices.

World real gross domestic product (GDP) growth is projected to slow from about 4% in 2006 and 2007 to about 2.7% this year and 0.5% in 2009. Last month’s EIA outlook assumed world GDP would increase by 1.8% in 2009.

November 17, 2008

WASHINGTON — The Energy Information Administration’s (EIA) short-term energy outlook for November indicates that the current economic downturn has led to a decrease in energy demand and a reduction in crude oil and other energy prices. As a result, projections for both energy demand and prices are much lower than last month’s outlook.

August 19, 2008

WASHINGTON — The Energy Information Administration (EIA), the government's energy statistical arm, released its short-term energy outlook Aug. 12, reporting a slight decrease in the price of natural gas as well as gasoline and diesel fuel.

June 23, 2008

WASHINGTON — If the price of a gallon of gasoline has distracted you a bit from thinking about the cost of natural gas, that’s understandable. However, the government just released its short-term energy outlook and the news isn’t good.

March 13, 2006

CHICAGO — For virtually everyone who responded to this month's Wire survey, their energy prices were at least 20% higher than the previous winter. Half reported prices were 21-40% higher, and nearly 38% said prices were 41% higher or more.

Media reports warned of the likelihood of higher natural gas and fuel oil prices this winter, but nearly 63% of respondents said they were higher than they anticipated.

February 1, 2006

What issue or issues most greatly affected your operation and, more generally, your specific industry segment during 2005? What are the primary issues that your operation and your industry segment will face this year?