Energy Update

(Fri, 10 Apr 2015) The average U.S. household expenditure on motor gasoline in 2015 is expected to be about $1,817, the lowest level in more than a decade. This level is about $700 less than average household gasoline expenditures in 2014. Actual spending can vary based on driving-related factors, some of which depend on demographic considerations. As one might expect, households with more people tend to spend more on gasoline.

SINGAPORE, April 10 (Reuters) - Iron ore is veering to a new crisis as prices for future delivery of the commodity slide 30 percent in the space of a month, and its outlook is now more bearish than oil and more dire than ever for miners struggling to just stay in business.

SAN FRANCISCO, April 9 (Reuters) - California motorists paid an average of 90 cents more per gallon of gasoline than the national average last month, a record high, the California Energy Commission said on Thursday.

KINGSTON, April 9 (Reuters) - President Barack Obama on Thursday unveiled a major clean energy partnership at a Caribbean summit where he sought to reassert U.S.