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Energy / Gas Prices

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…

Are Gasoline Prices About To Crash? Glut Moves Downstream

May 02, 2017 at 15:40 | Nick Cunningham

U.S. crude oil inventories have finally started to decline, a potentially momentous turning point in the three-year market downturn. Oil storage levels have been climbing relentlessly since the end of…

Is Australia The Next Big Thing In Shale?

Apr 24, 2017 at 10:42 | Dave Forest

As natural gas prices have seen a bit of a correction, it’s easy to forget that natural gas is actually a pretty good play right now — at least in…

The Insignificant Truth: Why Gasoline And Distillate Draws Don’t Matter

Apr 05, 2017 at 16:42 | Rakesh Upadhyay

The oil products that we use—such as gasoline, diesel, and heating oil—are all refined from crude oil. If the demand for these refined products increases, then the demand for crude…

Is U.S. LNG Too Expensive For Asian Markets?

Feb 28, 2017 at 09:35 | Dave Forest

The liquefied natural gas (LNG) market is returning to life. With prices in the critical Asia market stabilizing, on the back of news that China’s January imports surged 40…

Natural Gas Bulls Crushed As Prices Tank

Feb 21, 2017 at 16:11 | Nick Cunningham

Natural gas prices plunged to their lowest level since November on mild weather in the U.S., which has caused storage levels to decline at a much slower pace than…

Natural Gas Prices Fall To 3 Month Lows On Disappointing Inventory Draw

Feb 17, 2017 at 09:28 | Irina Slav

Natural gas has fallen to a new three-month low thanks to lower-than-expected draws on storage, prompting the Wall Street Journal to report that the coming months may see bearish…

Could 2017 Be A Banner Year For Natural Gas?

Jan 06, 2017 at 17:11 | Martin Tillier

2016 was, in the main, a decent year for those who believe in the huge potential of U.S. natural gas. Chronic oversupply and a consistent build in reserves saw the…

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