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The news put pressure on oil prices that had risen early in the week.
Patrick DeHaan, senior petroleum analyst for GasBuddy, predicted gasoline prices may tick up slightly this week and then come down more as the holiday season approaches.
But while gasoline refiners can take heart from the short-term gains from the recent surge in sales, the long-term outlook should be more worrying
Low gasoline prices are cutting into revenues, but low oil prices mean much lower feedstock costs and better margins.
Earlier this year, during a five-month timespan, gasoline imports in California increased more than 10 times above their typical level, the U.S. Energy Information Administration said. The reason, officials said, was the Feb. 18 explosion at a refinery in Torrance, Calif. The facility, a vital source of gasoline and distillate fuels, has the capacity to […]
The national average for gasoline is a bit higher at $2.19 a gallon, but that amount still dropped by six cents in the last week.
In honor of what would have been Johnny Carson’s 90th birthday, the oil market is full of chatter to finish the week. We’ve had a bunch of economic releases to promote discussion overnight, while monetary easing is the talk of the town today. Japan’s flash PMI manufacturing print kicked off a decent dump of data, […]
AAA Texas on Thursday reported it’s the first time since 2009 that the statewide average slipped below $2 per gallon.
Construction recently began for a new hydrotreater at the Lake Charles Refinery to meet federal Tier 3 standards for lower sulfur content in gasoline for the beginning of 2017.
Houston region gasoline prices averaged $1.97 a gallon on Monday morning, compared to $2.00 for Texas as a whole and $2.26 a gallon nationwide, according to GasBuddy’s daily survey data.