(Oil Price) – California authorities are about to make gasoline even more expensive for local drivers following a further tightening of emission rules, scheduled to be voted on this week. The vote would amend the state’s Low Carbon Fuel Standard, a program that began back in 2011 with the aim of incentivizing fuel producers to make lower-emission products by creating a carbon credit
Oil Price The U.S. national average price per gallon of gasoline could decline to under $3 for the first time since 2021, amid sluggish demand, GasBuddy’s Patrick De Haan said on Monday. Gasoline prices have fallen for the second straight week, down 3.8 cents from a week ago to $3.03 per gallon as of Sunday. Compared to a month ago, the
Nasdaq Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent prices soaring ahead of driving season. The average cost of a retail gallon of gasoline hit $4.374 early Tuesday, according to the American Automobile Association, surpassing the former record of $4.331.
Oil and Gas 360 NEW YORK – U.S. gasoline prices hit a nine-month peak as drivers took to the roads on holiday travel, crude oil prices kept climbing and refiners further cut fuel production due to weak margins. Prices at the pump topped $2.25 a gallon this week, according to the American Automobile Association, the highest since March when COVID-19
Reuters PUERTO ORDAZ/MARACAIBO, Venezuela – Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of the world’s highest rates and a dramatic reversal for an OPEC nation that long boasted of having the world’s cheapest fuel. Thanks to subsidies under socialist former President Hugo Chavez and his succesor and protege, Nicolas
Houston Chronicle Prices at the pump are falling once again now that crude oil prices have stabilized below $60 per barrel in the United States. The average cost of a gallon of regular unleaded in the Houston area dipped by nearly 3 cents last week down to $2.19, while the national average fell 2 cents to $2.55 per gallon. Prices
Houston Chronicle Donald Trump’s decision to authorize the killing of an Iranian general and reignite Middle East tensions briefly roiled energy markets and underscored a U.S. political reality: Higher gasoline prices can tip elections. The president, who is counting on a robust economy to win re-election in November and maintain Republican control of the Senate, is banking on record-shattering surges
From USA TODAY Gasoline prices are expected to plunge sharply in the final days leading up to the midterm elections, potentially nearing $2 per gallon at some stations in low-tax states. The sudden respite at the pump comes from sharply lower oil prices and declining wholesale gasoline prices. Oil Price Information Service analyst Tom Kloza said it could amount to
Gasoline prices hit lowest point in 12 years Low crude oil prices continue to have wide reaching effects as the EIA predicts average gasoline prices this summer will be at their lowest point since 2004. The forecast price for summer 2016, which runs from April through September, is $0.59 per gallon lower than the average price last summer at just
Thanksgiving represents one of the heaviest travel times in the United States The cost of gasoline across the United States is averaging $2.09 per gallon, as of November 23—that’s 73 cents lower than a year ago, and the lowest level ahead of Thanksgiving since 2009, according to the Energy Information Administration (EIA). Over the course of the last six Thanksgiving
Supply from India, Russia and the UK Heading to the West Coast Gasoline prices in California has historically been among the highest in the United States, and the drop in supply after a refinery shutdown earlier this year is not helping. The Energy Information Administration (EIA) reports gasoline imports to California increased tenfold in the five months following a refinery
U.S. drivers hitting the road for the holiday weekend will save some extra cash at the pump, the Energy Information Administration reports current gasoline prices are the lowest since 2004. Average prices on August 31 were $2.51 per gallon – $0.95 lower than one year ago. The Gulf Coast is currently enjoying average prices below $2.20, while California drivers are
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