gasoline News Updates

The administration will waive higher-ethanol E15 gasoline from U.S. volatility requirements this summer, delivering a win for corn farmers and biofuels producers.

DoorDash is offering extra compensation to U.S. and Canadian drivers as part of a temporary program to help offset rising gas prices.

Georgia Gov. Brian Kemp signed a law March 20 to suspend for 60 days motor fuel taxes to help residents cope with rising pump prices.

President Donald Trump’s efforts to stabilize prices at the pump underscore the unique role oil and gasoline play in the economy — and American voters’ perceptions of it. 

Nearly all goods — including food — that are bought and sold must travel from where they’re produced. Those costs will climb with higher gasoline, diesel and jet fuel prices.

President Donald Trump is mulling a menu of possible options to combat surging oil and gasoline prices in the wake of the Iran war, according to people familiar with the matter.

“It’s the rockets and feathers effect,” said Christopher Knittel, professor of energy economics at the Massachusetts Institute of Technology. “When things are going up — they go up fast.”

The sudden switch promises a new era of fat profits for the companies. Long term, it risks sending American automakers off a cliff.

According to data from motor club AAA, the national average for unleaded gasoline has stayed below the $3 mark since Dec. 2, falling to its lowest level of about $2.85 a gallon on Dec. 22.

U.S. federal and state officials are lining up with the oil industry to support a plan by Phillips 66 and Kinder Morgan to deliver gasoline to California.