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Energy / Gas Prices

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 

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