Oil Price Gasoline prices in the United States are expected to see a slight drop of up to 10 cents per gallon by Memorial Day weekend, Patrick De Haan, head of petroleum analysis at GasBuddy, said on Tuesday. “I do not expect #gasprices to trend higher ahead of Memorial Day,” De Haan said on X today. “Prices could cycle in some areas that
Oil and Gas 360 After years of delays and running $7 billion over budget, Pemex’s CEO says the company’s new Dos Bocas (Olmeca) 340,000 bpd refinery will reach maximum production by the end of March. The new refinery will produce 170,000 bpd of gasoline and 120,000 bpd of ultra-low sulfur diesel, increasing Pemex’s fleet-wide output forecasts by 60% to 1.05
Oil Price Gasoline demand is going through a seasonal slack-off, AAA data said in a note on Tuesday, with short days and icky weather keeping drivers at home. U.S. retail gasoline prices are on the rise despite the demand slump, with the national average rising 5.7 cents since last week to $3.327 per gallon. Gasoline demand normally slacks off this
Oil Price Inflation-adjusted average U.S. gasoline prices ahead of Thanksgiving are up by 7.5% compared to the same time last year, in line with the overall rise in consumer prices, the U.S. Energy Information Administration (EIA) said on Wednesday. U.S. consumers paid on average $3.65 per gallon at the pump for regular gasoline on November 21, the Monday before Thanksgiving. This is
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