gasoline
US Forecasts Highest Summer Fuel Prices Since 2018
Traffic on I-80 in Emeryville, Calif., last November. (David Paul Morris/Bloomberg News)
Drivers eager to get back on the road more than a year into the pandemic will face the highest summer gasoline prices since 2018, according to a U.S. government report.
April 6, 2021European Gasoline Diverted to Texas to Ease Supply Crunch
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.
March 8, 2021Texas 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
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.
February 19, 2021Gasoline Rises to Five-Month High on US Gulf Hurricane Threat
(Andrey Rudakov/Bloomberg News)
Crude and gasoline futures both climbed to levels not seen since before the pandemic as Hurricane Laura rattled toward a key stretch of the U.S. Gulf Coast that is home to the nation’s greatest concentration of refining capacity.
August 25, 2020US Seizes Four Iranian Tankers Carrying Fuel to Venezuela
The Iranian tanker Grace 1 sits silhouetted off the coast of Gibraltar in July 2019. (Bloomberg News)
The U.S. seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration that carries the potential to destabilize global oil shipments if Iran retaliates.
August 14, 2020Gasoline’s Demand Rebound Fades at Height of US Driving Season
Luke Sharrett/Bloomberg News
A sharp rebound in gasoline consumption that helped to drive oil prices higher appears to be running out of steam, a development that should be a cause for concern across the petroleum industry.
July 28, 2020Gig Economy Drivers Are Fueling a US Gasoline Demand Rebound
Gig economy drivers are fueling the U.S. gasoline rebound. (Luke Sharrett/Bloomberg News)
Gig-economy deliveries for groceries, alcohol and other goods look to be driving a nascent recovery in U.S. gasoline demand after the lowest plunge in almost 30 years.
May 19, 2020Seven & i Scraps $22 Billion Plan for Marathon’s Speedway Gas Stations
A sign displays fuel pricing at a Marathon Petroleum Corp. Speedway gas station in Huntington, W.Va. (Luke Sharrett/Bloomberg)
Seven & i Holdings Co. scrapped plans to acquire Marathon Petroleum Corp.’s Speedway gas stations for $22 billion, according to sources familiar with the matter, ending a deal that would have been among the world’s biggest this year.
March 5, 2020Consumer Prices Up 0.4% in October; Gasoline Prices Surge
Gene J. Puskar/AP
WASHINGTON — Surging gasoline prices caused U.S. consumer prices to rise last month at the fastest pace since March.
November 13, 2019US Exporters Rely on Trucks to Meet Mexico’s Fuel Demand
A tank truck carrying gasoline. (Christina Mendenhall/Bloomberg News)
U.S. exporters are increasingly relying on trucks to get fuel into Mexico as the country’s gasoline production sags and infrastructure constraints limit shipments from one coast to the other.
September 17, 2019