Government, Business, Fuel

New York Suspends Gas Tax for Six Months

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

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

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

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

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

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

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
Business, Fuel

US Exports More Diesel as Global Shortage Fuels Competition

The U.S. is exporting more diesel than it has in years as buyers in Europe and Latin America vie to secure supplies that have tightened since Russia’s invasion of Ukraine.

Chunzi Xu | Bloomberg News
March 28, 2022