Gasoline Prices Are Rising Again as Big Oil Profits Soar
U.S. gasoline prices are on the rise for the first time in 16 days, potentially posing a political challenge for the Biden administration ahead of elections even as it casts a spotlight on Big Oil’s massive profits.
Pump Prices Soar as Supply Cracks Outweigh Weak Demand
The U.S. is running low on gasoline on the West Coast and in the Midwest, where prices are surging on the street, defying falling futures markets.
California Blackout Risk Spurs Diesel Demand for Generators
Diesel demand in California is soaring as the risk of blackouts in the state spurs big power users to load up on fuel for generators.
New York Turns to Ships to Head Off Gas Shortage
New York gasoline inventories are so low that suppliers are resorting to expensive U.S. vessels to move fuel into the region and allay the potential for shortages.
Gas Demand Stalls at Height of Summer Driving Season
U.S. gasoline demand remains below where it was this time two years ago as historically high prices keep more drivers off the road than COVID-19 did in the summer of 2020.
The World Can’t Get Enough of US Diesel as Exports Surge
The U.S. is exporting diesel at the fastest ever rate as the global market’s thirst for fuel remains insatiable.
Gasoline Demand Dips Below 2020 Level
Expensive gasoline is keeping more U.S. drivers off the road than the COVID-19 pandemic did at this time two years ago.
Record Drivers for July 4th Weekend to Boost Gasoline Demand
Gasoline demand in the U.S. is set to get a bump this July 4th weekend as a record number of drivers are expected to hit the road with some relief at the pump.
Road Fuel Demand to Peak by 2027
Global road fuel demand will peak in five years, though it will be decades before shifts in consumption reshape transportation’s reliance on fossil fuels, according to a report from BloombergNEF.
Gasoline Tops $5 a Gallon in 13 States
Gasoline reached $5 a gallon or more in more than a dozen states a week into the peak summer travel season, as stockpiles of the fuel remain tight.