gasoline News Updates

Gasoline prices below $2 a gallon can now be found in at least one gas station in 20 U.S. states, as the effects of the bear market in crude oil trickle down to motorists.

WASHINGTON — Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that confident consumers are helping drive robust economic growth.

The U.S. average retail price of diesel fuel rose 3.8 cents last week to $3.277 a gallon, making it the ninth straight week that the price of trucking’s main fuel has gone up, according to the weekly report from the U.S. Department of Energy’s Energy Information Administration on May 21.

Rising prices at the gas pump helped drive U.S. household sentiment to a seven-week low at the end of April, the Bloomberg Consumer Comfort Index showed May 3.

The U.S. average retail price of diesel rose 0.1 cent to $3.043 as oil remained near $63 a barrel amid ongoing uncertainty over a U.S. trade war with China.

Motorists in California, the state with the most expensive gasoline, could see pump prices that begin with a 4 again as oil markets rally.

America’s most popular fuel hasn’t been feeling the love. U.S. gasoline consumption dropped even as overall fuel demand posted an increase this year.

Oil advanced to the highest level since May after U.S. gasoline stockpiles plunged to a 22-month low and exports of crude and fuels surged.

DALLAS — Drivers lined up at gas pumps in parts of Texas Aug. 31 as more stations ran out of gas and prices rose steeply in response to Hurricane Harvey’s impact on Gulf Coast refineries.

Hurricane Harvey strengthened as it headed toward landfall in Texas, forecast to become the worst storm to strike the region in more than a decade. The price of gasoline rallied as the storm threatened to wreak havoc on the heart of America’s energy sector.