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Energy / Gas Prices

Shell Gears Up For Peak Gasoline

Nov 07, 2017 at 13:41 | Jon LeSage

Royal Dutch Shell is hedging its bets over the next two decades with expectations that motor fuel consumption will be diminishing and other markets rising. Since the oil price plummet…

U.S. Gasoline Demand Climbs To Record Highs

Nov 01, 2017 at 10:01 | Irina Slav

Gasoline demand in the United States reached the highest level on record in August this year, at 9.77 million bpd, or up by 83,000 bpd from August 2016. That’s according to…

LNG Becomes A Buyer’s Market

Oct 23, 2017 at 16:51 | Tsvetana Paraskova

The world’s liquefied natural gas (LNG) market has dramatically changed over the past few years. Continuously growing supply has led to a glut, and the U.S. starting LNG exports has…

Will Low Oil Prices End Saudi Arabia’s Gas Subsidies?

Sep 18, 2017 at 12:24 | Tsvetana Paraskova

Although Saudi Arabia has managed to narrow its budget deficit, the Kingdom continues to feel the fiscal pressure of low oil prices, and is mulling over the phasing out…

Hurricane Irma’s Wrath Weighs On Natural Gas

Sep 12, 2017 at 17:18 | Nick Cunningham

Hurricane Irma has left millions of people without power in Florida, a critical situation that could take a painfully long period of time to sort out. Estimates vary, but some…

97-Year-Old Law May Be The Cause Of Higher Gas Prices

Sep 11, 2017 at 14:49 | William Murray

It's become typical for gas prices to spike before and after major hurricane landfalls. The national average gasoline price jumped more than 30 cents per-gallon in the week following Hurricane…

What Is Behind Surging Gas Prices?

Sep 08, 2017 at 16:51 | Robert Rapier

As gas stations raise prices in the wake of Hurricane Harvey, there have been numerous accusations of price gouging. Especially on social media, some are quick to conclude price gouging…

Miami Is Running Out Of Gasoline

Sep 08, 2017 at 16:46 | ZeroHedge

As Hurricane Irma nears Florida, everyone is in a rush to fill up their tanks. About 40 percent of the gasoline stations in the Miami-Fort Lauderdale region are now without fuel. Floridians…

Looming Gas Shortage: “Imports Can’t Make Up For This”

Aug 31, 2017 at 17:04 | Nick Cunningham

The East Coast will start feeling the effects of Hurricane Harvey as the gasoline supplied from the Gulf Coast starts to dry up. One of the most important pipelines that…

How Long Can U.S. Refineries Remain Offline?

Aug 31, 2017 at 16:34 | Gregory Brew

When Hurricane Harvey blew into Texas last weekend, it dumped more than 30 inches of rain, flooding Houston and large areas of southeastern Texas, while leaving thousands homeless or without…

Gasoline Prices Rocket As Exxon Shuts Beaumont Refinery

Aug 30, 2017 at 11:54 | Tsvetana Paraskova

Texas, as hurricane Harvey caused flooding and extreme weather, Reuters reported, citing sources familiar with the refinery operations. Exxon shut the 240,000-bpd Crude B unit, and the 45,000-bpd coking…

Goldman: U.S. Oil Sector Could Take Months To Heal From Harvey

Aug 28, 2017 at 14:04 | ZeroHedge

Oil markets were roiled, sending gasoline prices surging on Monday after Tropical Storm Harvey wreaked havoc along the Gulf Coast over the weekend, crippling Houston and its port, and knocking…

U.S. Sanctions On Venezuela Could Boost Gasoline Prices

Aug 15, 2017 at 15:09 | Luis Colasante

For over five months, hundreds of thousands of Venezuelans have taken to the streets of the country to protest against the dictatorial Venezuelan regime. Since the protests started, more than 

U.S. Gasoline Demand At All-Time High

Aug 14, 2017 at 14:20 | Robert Rapier

Given all the media hype about peak oil demand — which is supposed to come about largely as a result of the explosive growth of electric vehicles (EVs) — you…

Is Big Oil Betting On The Wrong Horse?

Jul 20, 2017 at 15:24 | Tsvetana Paraskova

Many oil majors have steered their strategies and investments into natural gas, aiming to seize the projected global gas demand growth as the world shifts away from coal-fired power generation.…

U.S. Gasoline Prices To Stay Low Through The Summer

Jul 17, 2017 at 14:26 | Zainab Calcuttawala

Low gasoline prices for American consumers are here to stay for the rest of the summer, according to the U.S. Energy Information Administration (EIA). The agency says regular gasoline…

North Korea’s Fuel Prices Soar After China Suspends Exports

Jul 17, 2017 at 09:24 | Tsvetana Paraskova

Diesel and gasoline prices in North Korea have jumped since China National Petroleum Corp (CNPC) halted sales of fuel to Pyongyang, Reuters reported on Monday, citing data on prices…

Is This Year’s Driving Season Over Before It Began?

Jul 10, 2017 at 13:51 | ZeroHedge

Exactly six months ago, when oil bulls still held on to some fleeting hope that OPEC may somehow stabilize the crash in oil prices despite the shift in marginal oil…

Bearish News For Natural Gas As Inventories Continue To Rise

Jun 09, 2017 at 16:17 | Drilling Info

Natural gas storage inventories increased by 106 Bcf for the week ended June 2, per EIA. The report is bearish with the build coming above market expectations, which were calling…

Trump Flirting With The Idea Of A Federal Gasoline Tax Increase

May 03, 2017 at 14:42 | Nick Cunningham

U.S. President Donald Trump flirted with raising the federal gasoline tax this week, raising eyebrows by showing an openness to tackle a problem that has scared away politicians from both…

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