Jeffrey Bair

Government, Business, Fuel

European Gasoline Diverted to Texas to Ease Supply Crunch

Texas A crew member walks on the deck of an oil tanker anchored in the Pacific Ocean in this aerial photograph taken above Long Beach, Calif., last year. (Patrick T. Fallon/Bloomberg News)

Five gasoline tankers that were en route to the U.S. East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s refineries.

Jeffrey Bair | Bloomberg News
March 8, 2021
Business, Fuel

Texas Gas Stations Still Dark Following Big Freeze

 Gas pumps are out of service at an Exxon gas station in Houston Feb. 18. (Go Nakamura/Getty Images via Bloomberg News) Gas pumps are out of service at an Exxon gas station in Houston Feb. 18. (Go Nakamura/Getty Images via Bloomberg News

More than 1,700 gas stations are without electricity Feb. 19 because of the Texas power disaster, threatening to push pump prices even higher with key refineries in the state still shut.

Jeffrey Bair | Bloomberg News
February 19, 2021
Business, Fuel

US Diesel Stockpiles Swell as Global Fuel Demand Falters

A tanker truck sits parked at a diesel fuel pump in Princeton, Ill., in April 2020. A tanker truck sits parked at a diesel fuel pump in Princeton, Ill., in April 2020. (Daniel Acker/Bloomberg News)

The world’s appetite for U.S. diesel is falling, leaving stockpiles of the fuel at their highest level since early October.

Jeffrey Bair | Bloomberg News
January 13, 2021
Government, Business, Fuel

Pandemic Likely to Cut Thanksgiving Driving in Half

A vehicle waits at a traffic signal light on a near empty road in Seattle on March 18. A vehicle waits at a traffic signal light on a near empty road in Seattle on March 18. (Chona Kasinger/Bloomberg News)

With virus cases surging, hospitals filling up and more U.S. states imposing restrictions, Americans are likely to drive a lot less this Thanksgiving. Only 35% will travel by car this year, down from 65% a year ago, according to survey from retail fuel tracker GasBuddy.

Jeffrey Bair | Bloomberg News
November 18, 2020
Business, Fuel

Trucking Demand Throws a Lifeline to Ailing Refineries

A Gallup, New Mexico, refinery. A Gallup, New Mexico, refinery. (Cate Dingley/Bloomberg News)

With jets grounded and cars parked, diesel fuel for trucking is giving some relief to refiners as the coronavirus spread cuts deep into demand.

Jeffrey Bair | Bloomberg News
March 31, 2020
Government, Business, Fuel

California Drivers May See $4 a Gallon at the Gas Pump

california driver pumping gas Sergio Flores/Bloomberg News

California drivers soon may pay $4 a gallon at the pump after refinery upsets pushed up the wholesale market in San Francisco to the strongest level in almost seven years.

Jeffrey Bair | Bloomberg News
September 25, 2019
Government, Business, Safety, Fuel, Logistics

Florida Hurricane Dorian Leaves Tanks Dry

Hurricane Dorian Daniel Acker/Bloomberg News

Gas stations in parts of Florida are running out of fuel as drivers race to fill up ahead of Hurricane Dorian. Dorian’s course turned slightly south and now is expected to make landfall near Jupiter, Fla., as a Category 4, with winds reaching 140 miles per hour.

Jeffrey Bair | Bloomberg News
August 30, 2019
Government, Business, Fuel

Hold Up on the Fill-Up: Gasoline Is Set to Plunge at the Pump

gas pump Luke Sharrett/Bloomberg News

Gasoline prices have been sliding steadily for several weeks, and they’re promising to get even cheaper as crude prices fall and the U.S. moves into the summer driving season.

Jeffrey Bair | Bloomberg News
June 11, 2019
Government, Business, Fuel

US Gasoline Traders Would Rather Export Than Ship to New York

Man pumping gas Luke Sharrett/Bloomberg News

The busiest U.S. fuel pipeline is running below capacity, as Gulf Coast refiners get fatter margins exporting to Latin America than shipping to New York.

Jeffrey Bair | Bloomberg News
May 16, 2019