Chunzi Xu

Government, Business, Fuel

Gasoline Prices Are Rising Again as Big Oil Profits Soar

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

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.

Chunzi Xu | Bloomberg News
October 28, 2022
Business, Technology, Equipment, Fuel, Logistics

Pump Prices Soar as Supply Cracks Outweigh Weak Demand

gas A driver holds a fuel nozzle at a gas station in Sacramento earlier this year. (David Paul Morris/Bloomberg News)

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.

Chunzi Xu | Bloomberg News
September 23, 2022
Government, Business, Fuel

California Blackout Risk Spurs Diesel Demand for Generators

Generators Employees load a Champion Power Equipment generator onto a cart in a Home Depot Inc. store in Hercules, Calif. (David Paul Morris/Bloomberg News)

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.

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

New York Turns to Ships to Head Off Gas Shortage

A driver fuels a vehicle at a gas station in New York. A driver fuels a vehicle at a gas station in New York. (Stephanie Keith/Bloomberg News)

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.

Chunzi Xu | Bloomberg News
August 22, 2022
Business, Fuel

Gas Demand Stalls at Height of Summer Driving Season

A driver refuels their vehicle at a Shell gas station in La Jolla, Calif. A driver refuels their vehicle at a Shell gas station in La Jolla, Calif. (Bing Guan/Bloomberg News)

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.

Chunzi Xu | Bloomberg News
July 20, 2022
Government, Business, Fuel

The World Can’t Get Enough of US Diesel as Exports Surge

Chart showing volume of U.S. diesel exports

The U.S. is exporting diesel at the fastest ever rate as the global market’s thirst for fuel remains insatiable.

Chunzi Xu | Bloomberg News
July 15, 2022
Government, Business, Fuel

Gasoline Demand Dips Below 2020 Level

A customer holds a fuel nozzle at a Shell gas station in Hercules, Calif. A customer holds a fuel nozzle at a Shell gas station in Hercules, Calif. (David Paul Morris/Bloomberg News)

Expensive gasoline is keeping more U.S. drivers off the road than the COVID-19 pandemic did at this time two years ago.

Chunzi Xu | Bloomberg News
July 13, 2022
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

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