gasoline News Updates

Just as Americans start to hit the road for the holidays, the average price of gasoline at the pump has dropped below $2 a gallon for the first time in more than six years as global oil supply continues to surge.

U.S. gasoline pump prices are poised to drop below $2 a gallon for the first time in more than six years, which is sure to bring comfort and joy to drivers.

Americans are increasingly taking to the highways and byways as lower gasoline prices and rising employment spur a “road trip recovery,” according to Nicholas Colas, chief market strategist at Convergex.

The price of gasoline is expected to decline to less than $2 a gallon this winter for most of the country, according to a recent report by AAA.

For want of a refinery unit in Indiana, oil prices are tumbling in Oklahoma and Alberta while gasoline prices in the Midwest are soaring.

Retail gasoline prices are falling in the United States just in time for Americans to take to the roads in record numbers for the July 4 holiday.

Oil supplies are abundant. America’s refiners are running the hardest in 10 years. So why isn’t the country awash in gasoline?

Refiners are poised to make gasoline at a record pace this year, keeping the biggest U.S. crude glut in more than 80 years from overflowing storage.

Wholesale gasoline in Los Angeles surged to the highest level in more than a year after an explosion at an Exxon Mobil Corp. oil refinery in Southern California.