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April 11, 2013
EIA Projects Gasoline Prices to Fall During Summer Driving Season

WASHINGTON — Regular retail gas price expected to top off at $3.69 per gallon in May

WASHINGTON — Drivers can expect to see regular gasoline retail prices averaging $3.63 per gallon during the summer driving season, according to projections released Tuesday in the U.S. Energy Information Administration’s (EIA) April Short-Term Energy Outlook.

The projected monthly average price of regular retail gasoline will continue to fall through the April-September driving season, topping off at $3.69 per gallon in May to $3.57 per gallon in September.

The EIA also expects this projection to be reflected on upcoming yearly averages: $3.56 per gallon in 2013, $3.39 per gallon in 2014.

Meanwhile, the Brent crude oil spot price will average $108 per barrel in 2013, $101 per barrel in 2014, the EIA forecasts. This price rose to $119 per barrel in early February, up from last year’s $112 per-barrel average.

The projected discount of West Texas Intermediate (WTI) crude oil to Brent is forecast to average $14 per barrel in 2013, $9 per barrel in 2014. The EIA attributes this drop to planned new pipeline capacity lowering the cost of moving mid-continent crude oil to the Gulf Coast refining centers.

Natural gas working inventories ended March at an estimated 1.69 trillion cubic feet (Tcf), about 0.79 Tcf below last year’s level, and 0.41 Tcf below the five-year average (2008-2012).

EIA expects the Henry Hub natural gas spot price, which averaged $2.75 per million British thermal units (MMBtu) in 2012, will average $3.52 per MMBtu in 2013, $3.60 per MMBtu in 2014.

October 23, 2012
Heating Oil, Natural Gas Costs Expected to Increase This Winter

WASHINGTON — Average household natural gas expenditures to increase by 15% this winter, EIA projects

WASHINGTON — The U.S. Energy Information Administration (EIA) projects average household expenditures for heating oil and natural gas will increase by 19% and 15%, respectively, this winter (Oct. 1 through March 31) compared with last winter, according to the agency's Short-Term Energy Outlook released earlier this month.

Projected household expenditures are 5% higher for electricity and 13% higher for propane this winter.

The forecast for higher household expenditures primarily reflects a return to roughly normal winter temperatures east of the Rocky Mountains compared with last winter's unusual warmth.

EIA expects U.S. total crude oil production to average 6.3 million barrels per day (bbl/d) in 2012, an increase of 0.7 million bbl/d from last year. Projected U.S. domestic crude oil production increases to 6.9 million bbl/d in 2013, the highest level of production since 1993.

Natural gas working inventories ended September at an estimated 3.7 trillion cubic feet (Tcf), about 8% above the same time last year. EIA expects the Henry Hub natural gas spot price, which averaged $4.00 per million British thermal units (MMBtu) in 2011, to average $2.71 per MMBtu in 2012 and $3.35 per MMBtu in 2013.

March 1, 2012
P&G, Alliance to Save Energy Team Up to Educate on Benefits of Cold-Water Washing

CINCINNATI — In an effort to publicize the environmental and energy-savings benefits of washing laundry in cold water

CINCINNATI — Coin laundry owners and operators may want to follow the progress of a new strategic partnership between Procter & Gamble and the Alliance to Save Energy, a nonprofit organization that promotes energy efficiency worldwide through research, education and advocacy.

Their collective effort will be to publicize the environmental and energy-savings benefits of washing laundry in cold water. The Alliance will work with P&G’s natural resource education initiative called Future Friendly to provide consumers with the information they need to convert from hot/warm-water washing habits to cold-water washing.

Heating of water is a major use of energy. When doing laundry, heating water can account for up to 80% of the energy used per wash load in the United States. By moving to cold water, Americans could reduce CO2 emissions by up to 11 million metric tons annually, P&G and the Alliance say.

A major barrier to adopting cold-water washing habits is the consumer worry that washing in cold water will not clean as effectively as warm/hot water. To combat this notion, a P&G detergent specially formulated to perform optimally in cold water will be showcased.

P&G Future Friendly will work with the Alliance as part of an Earth Day-focused campaign that encourages consumers to change their laundry habits for the better. Featuring a Facebook sweepstakes, pop-up events and media activities, the campaign will utilize Alliance-provided data and consumer-friendly language to illustrate the environmental benefits of cold-water washing and drive consumer action.

January 17, 2012
Gold Coin Laundry Equipment Opens New Showroom

JAMAICA, N.Y. — After 16 months of preparation and renovation, Gold Coin Laundry Equipment opened its new showroom and expanded parts department last week.

The showroom featuring fully operational Dexter washers and dryers is part of a 5,000-square-foot expansion that converted old, empty warehouse space, the distributor says.

Gold Coin President Douglas Pratt says the company had customers in mind while planning the expansion. “At times, our parts customers were crammed in at the counter. Now, with a total of 13,000 square feet to work with, that doesn’t happen; plus, we have more room to stock more items and disappoint fewer customers.”

Besides the Dexter equipment, Gold Coin now has room to display the Whirlpool line, plus ancillary products such as Vend-Rite soap venders, change machines by Standard Change-Makers, and a NATCO on-demand water heater. Customers can even try out Standard’s easyPAY kiosk.

Gold Coin has scheduled several events this year, including a March 28-29 grand opening, to show its customers the full potential of the equipment it sells.

The new showroom and expanded parts department is located next door to the distributor’s original location, 91-16 143rd St. in Jamaica.

June 30, 2008
Copper Theft on the Rise