Tech Sector Invests in Nuclear Energy to Support Data Centers
Gasoline Prices to Rise in Summer 2024
By Shubhendra Anand , 19 April, 2024
The oil and gas industry has witnessed various changes since the beginning of 2024. The countries worldwide are experiencing oil shortages due to geopolitical crises between major oil-producing nations. However, gasoline prices are expected to increase in the spring of 2024.
According to surveys, the oil industry experienced low gasoline prices during winter. The price of gasoline is anticipated to rise in the upcoming summer of 2024. This is because gasoline blends are expensive to carry out in the summer of 2024. The reason for the price rise is lower Reid Vapor Pressure (RVP). The increase in electric vehicle demand has cooled down conventional vehicle sales for some instant. However, it is challenging to meet the industrial market for transportation with electric vehicles. This is due to the high prices of electric cars and the lack of infrastructure. Therefore, the automotive industry shows demand for conventional vehicles to continue. Due to the market's equal demand for traditional cars, there is a surge in oil demand. Therefore, an increase in gasoline prices can be another reason. Another reason behind the rise in gasoline prices can be the inefficiency of Butane when mixed with gasoline in the summer. It is due to RVP rules that limit the Butane's ability to blend with gasoline components.
Therefore, the Environmental Protection Agency (EPA) facilitates gasoline mixing in different seasons. It helps to reduce the emissions level in the environment. However, clean energy transitions are at their peak, with countries worldwide focusing more on green energy transitions. Therefore, a rise in gasoline prices may not affect consumers as the green energy transition targets zero emissions of harmful gases.
Gas Prices to Surge in Spring and Summer of 2024
Latest News
Tech Sector Invests in Nuclear Energy to Support Data Centers
Clean energy sources are focusing on the production of energy sources in 2024. Energy sources with fewer carbon emissions significantly impact the tech and energy sectors. Wind energy, solar energy, geothermal energy, and nuclear energy can become…
World Finds it Difficult to Meet Energy Demands by 2050
The world's population growth will experience a significant increase by the beginning of 2024. The exponential growth of the population demands more resources. A survey in 2024 indicates that increasing demands for resources can severely impact the…
Unstable Wind Direction Interrupts Power Generation in the US
Wind power production is an essential factor in the clean energy transition. A survey in the wind energy sector shows a notable decline in the United States wind power generation in 2024. The energy sector relies more on natural gas to provide…
Globally More than Half of Carbon Emissions from Top 10 Percent of Carbon Emitters
Climate change is a concerning issue that can impact the day-to-day lifestyle globally. Carbon emissions are a significant threat responsible for climate change issues. Carbon footprints drive the emissions rate and lead to adverse climatic…
Cleantech Sector in the United States shows Sluggish Growth
The clean energy transition will take a new face in the United States in 2024. Cleantech firms are struggling to progress currently. United States cleantech firms suffer from various reasons, such as bankruptcy, lack of funds to support the green…
Shubhendra Anand
Head Research
