Chunzi Xu

Government, Business

Record Drivers for July 4th Weekend to Boost Gasoline Demand

heavy traffic on a California highway Vehicles on Highway 101 in San Francisco, Calif. (David Paul Morris/Bloomberg News)

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.

Chunzi Xu | Bloomberg News
June 30, 2022
Business, Technology, Fuel

Road Fuel Demand to Peak by 2027

Highway traffic Frank Franklin II/ Associated Press

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.

Chunzi Xu | Bloomberg News
June 29, 2022
Government, Business, Fuel

Gasoline Tops $5 a Gallon in 13 States

map Bloomberg

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.

Chunzi Xu | Bloomberg News
June 7, 2022
Government, Business, Fuel

New York Suspends Gas Tax for Six Months

gas fillup Tom Merton/Getty Images

New York is temporarily lifting the 16 cents-a-gallon fuel tax for six months as the summer driving season kicks off with record-high pump prices.

Chunzi Xu | Bloomberg News
June 1, 2022
Government, Business, Fuel

Drivers Begin to Balk at Record Gas Prices

Fuel prices at a gas station in Woodbridge, N.J. Fuel prices at a gas station in Woodbridge, N.J., on May 17. (Stephanie Keith/Bloomberg News)

U.S. gasoline demand — which earlier was expected to hold strong this summer despite soaring prices — is starting to show signs of cracks.

Chunzi Xu | Bloomberg News
May 25, 2022
Government, Business, Fuel

Gas Price Records Mount as Travel Nears Pre-COVID Norms

Fuel prices at a gas station in New York May 17 Fuel prices at a gas station in New York May 17. (Stephanie Keith/Bloomberg News)

Gasoline prices in the U.S. have hit fresh peaks for the past 10 days, the longest run of consecutive records just as travel is expected to approach levels seen before the pandemic, according to auto club AAA.

Chunzi Xu | Bloomberg News
May 19, 2022
Business, Fuel

Gas Tops $4 a Gallon in Every State for the First Time

Customer pumps gas A customer pumps gas at a Chevron Corp. gas station in San Francisco, Calif. (David Paul Morris/Bloomberg News)

Gasoline pump prices have risen above $4 a gallon in all states in the U.S. for the first time ever as the last holdouts — Kansas, Oklahoma and Georgia — saw prices rise overnight, according to auto club AAA.

Chunzi Xu | Bloomberg News
May 17, 2022
Business, Fuel

At More Than $4.30 a Gallon, Gasoline Nears Its March Record

Customer pumps gas into car A customer pumps gas into his car at a San Francisco gas station on April 27. (David Paul Morris/Bloomberg News)

Gasoline pump prices in the U.S. are rising to within a hair of an all-time record three weeks ahead of the peak driving season.

Chunzi Xu | Bloomberg News
May 9, 2022
Business, Fuel

Gas Imports Flowing to West Coast at Near-Record Pace

Graphic tracking West Coast gasoline imports

The U.S. West Coast is importing gasoline at a near-record pace this month to help ease supply constraints amid eye-popping pump prices just ahead of the peak summer driving season.

Chunzi Xu | Bloomberg News
April 21, 2022
Business, Fuel

Gulf Coast Diesel Exports Soar on Wartime Shortage

Gulf Coast diesel exports

Russia’s invasion of Ukraine has set off a global scramble for diesel, prompting buyers around the world to snap up massive volumes of fuel from the U.S. Gulf Coast despite high prices.

Chunzi Xu | Bloomberg News
April 19, 2022

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