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Why Gasoline Prices Are Rising Today

Why Gasoline Prices Are Rising Today

U.S. oil refining margins soared…

Energy / Gas Prices

EU Weighs $100 Price Cap For Russian Diesel Sold To Third-Parties

Jan 27, 2023 at 07:55 | Tsvetana Paraskova

The European Union is considering setting a $100 a barrel price cap on Russian diesel to limit the potential fallout on global supply after the EU ban on…

Why Gasoline Prices Are Rising Today

Jan 25, 2023 at 07:50 | Tsvetana Paraskova

Refining margins in the United States hit $42.41 per barrel on Tuesday, more than double the five-year average for this time of the year, as refinery maintenance and…

EIA: Soaring Production Will Keep Natural Gas Prices In Check

Jan 18, 2023 at 09:33 | Charles Kennedy

Continued increases in U.S. dry natural gas production are expected to outpace domestic demand and exports this year and in 2024 according to the EIA Continued increases in U.S. dry…

Geopolitical Risk Premium In U.S. Gas Prices Is Evaporating

Jan 11, 2023 at 09:29 | Tsvetana Paraskova

U.S. natural gas prices are back to reflecting the domestic supply and demand balances, shaking off – for now – the geopolitical premium that ruled the energy and…

Did New York’s Tax Holiday Actually Help Reduce Gasoline Price Pain?

Dec 09, 2022 at 08:51 | Robert Rapier

This is an article that I am starting to write before I know the answer to the question I posed in the title. Earlier this year,…

Gasoline Prices Continue To Plummet In The U.S.

Dec 05, 2022 at 12:10 | Alex Kimani

After a relentless month’s long climb, U.S. national average gas prices have declined, falling 16 cents from a week ago to $3.403 per gallon

U.S. Drivers Could Get Under $3 Gasoline For Christmas

Nov 28, 2022 at 12:15 | Julianne Geiger

Drivers in the United States could be getting the gift of even lower gasoline prices this Christmas, according to GasBuddy’s head of petroleum analysis, Patrick De Haan, who has noted…

Four Reasons Why The U.S. Is Grappling With A Diesel Shortage

Nov 04, 2022 at 09:44 | Robert Rapier

Last week, the Energy Information Administration (EIA) reported that distillate inventories were at their lowest levels since 2008. (The primary distillates are diesel,…

Gasoline Prices Could Return To $5 Per Gallon

Sep 27, 2022 at 06:58 | ZeroHedge

A short respite from rising oil and gasoline prices is about to end as 2022 comes to a close.  The reasons are numerous, but almost all of them…

Why Is The UK Sending Gasoline To America As Prices Explode?

Jun 10, 2022 at 11:02 | Tsvetana Paraskova

The UK shipped 1.85 million barrels of gasoline and gasoline blending components to the United States in May, the highest monthly exports of those products since December 2021,…

There’s No Immediate Cure For Sky-High Gasoline Prices

Jun 03, 2022 at 10:39 | Tsvetana Paraskova

Since gasoline prices started surging at the end of last year, the U.S. Administration has been saying that it would consider and potentially use every tool at its…

Is $5 Gas Inevitable?

May 27, 2022 at 11:52 | Robert Rapier

As Russian troops were massing on Ukraine’s border back in February, I wrote Russia Is A Major Supplier Of Oil To The U.S.…

U.S. Consumer Spending On Gasoline Has Doubled In 12 Months

May 19, 2022 at 11:00 | Charles Kennedy

The average U.S. household’s gasoline expenditure has jumped to $5,000 a year over the past 12 months, from $2,800 this time last year, according to new research. And…

Truckers Are Facing An Existential Crisis As Fuel Prices Soar

May 19, 2022 at 10:40 | ZeroHedge

Avery Vise, vice president, trucking for transport consultancy FTR, has some advice for owner-operators struggling with a massive spike in diesel fuel prices and plunging spot market rates:…

Gasoline Prices May Have Finally Peaked

May 09, 2022 at 08:52 | Robert Rapier

Following Russia’s invasion of Ukraine and the subsequent sanctions on Russian oil, the price of crude oil rapidly climbed above $120 a barrel. Gasoline prices — which had…

Tight Oil Markets Are Sending Fuel Margins Through The Roof

Apr 08, 2022 at 11:30 | Alex Kimani

The oil price rally has really cooled down over the past two weeks, with oil prices declining to levels last seen prior to Russia's invasion of Ukraine. Brent…

Are You Really Being ‘Gouged’ At The Gas Pump?

Mar 28, 2022 at 12:36 | Robert Rapier

I have gotten a lot of questions recently about when we may see some relief at the gasoline pump. Complaints have grown in recent days, because oil prices…

Soaring Energy Prices And Stimulus: A Toxic Cocktail

Mar 25, 2022 at 13:09 | ZeroHedge

I have to repeat yet again that this is not just a war but an economic war, and not just a crisis but a metacrisis. As such, the…

Biden Is Growing Increasingly Desperate To Curb Gasoline Prices

Nov 29, 2021 at 10:44 | Robert Rapier

Last week a friend from Uganda told me that gasoline prices have risen by 50% there. I asked him who the people blame. “Our President.” So, there you…

The True Cost Of The Energy Crisis Is Yet To Be Seen

Oct 27, 2021 at 11:52 | Tsvetana Paraskova

Consumers all over the world have already started to feel the pinch of the global natural gas crisis and surging prices in Europe and Asia. Households in Europe…

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