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Welcome to national ‘Answer the phone like Buddy the Elf‘ day (please act accordingly). Despite the current festive backdrop, Christmas cheer continues to be distinctly absent in the crude complex, as prices are glum once more. Greasing the wheels for today’s wobbles has been news overnight from the Bank of Japan, who announced new steps […]
California regulators are poised to restore a first-in-the-nation climate change program that requires a 10 percent cut in carbon emissions on transportation fuels sold in the state by 2020, despite oil industry objections that it could drive up gasoline prices.
(source: Wikipedia) To be honest, I had not heard of the phrase ‘Jumping The Shark‘ until recently (I’m not talking about surfer Mick Fanning either). It’s not like I didn’t watch ‘Happy Days’ when I was growing up, I just don’t remember that episode. For those unaware, ‘Jumping The Shark‘ is a term used to […]
Gasoline prices could tumble below $2 per gallon in some states, but drivers shouldn’t expect to see those deep discounts until the mid-fall when summer driving season ends, demand diminishes and expensive summer gasoline gets replaced with cheaper winter blends.
Pump prices have reached their highest point and should continue to fall for the rest of the summer as refineries run hard to process a glut of cheap oil, providing U.S. drivers the cheapest gasoline in six years.
Refiners have benefitted from the crude collapse by buying up cheap oil and transforming it into higher-priced gasoline, diesel and other refined products, an executive with the world’s largest independent refinery said Monday.
Pemex reported 3,600 illegal fuel taps on pipelines last year, a 66 percent increase from the 2,167 a year earlier, costing the company an estimated $792 million.
Diesel’s drop will aid everyone from truckers to industrial users such as Bortz, chief executive officer of Towne Construction Services in Batavia, Ohio, which uses 300,000 gallons of diesel a year.
The key is where the source of the electricity all-electric cars.
Gasoline prices averaged $2.60 per gallon Friday — the lowest level since Dec. 27, 2009.