Tag: gas prices

Americans drove more than 3 trillion miles last year

The 33 percent slide at U.S. pumps, combined with an improving job market, touched off a national spending spree on sport utility vehicles, vacations and Christmas presents.  More »

Oil markets, strong production lead US gas prices lower

Los Angeles had the most expensive gas among cities surveyed in the Lower 48 states at $3.29. Charleston, South Carolina, had the cheapest at $2.11.  More »

Gasoline prices falling again on crude plunge

After 40 days of climbing, gasoline prices have started falling again as crude continues to tumble, offsetting seasonal increases in fuel prices.  More »

Europe refiners’ gasoline profit at 10-month high on exports

Gasoline’s crack, or premium to Brent crude, rose to $13.46 a barrel on Tuesday, the highest since April 29, according to PVM Oil Associates Ltd, one of the largest brokers for the fuel, before falling to $13.13 at 1:21pm London time.  More »

Agency to vote on reducing California gas tax by 7.5 cents

The agency’s staff is recommending reducing the excise tax rate from 18 cents to 10.5 cents.  More »

Oil’s pain is Wal-mart’s gain

Analysts at Goldman Sachs note that the longer gas prices stay low, the more consumers like to spend.  More »

U.S. gas prices jump 13 cents a gallon; could go higher

Industry analyst Trilby Lundberg said Sunday that a rebound in the price of crude oil caused the run-up at the pump.  More »

Gasoline futures up on fear refinery strikes curtailing supplies, analysts say

Wholesale distributors appeared to be buying higher volumes of gasoline on fears they won’t be able to tap into supplies later on, pushing commodity prices higher, analysts said Monday as steelworker strikes continued at several U.S. oil refineries.  More »

Gasoline’s new price streak points upward

Gasoline prices have risen over the past week, mostly because of seasonal factors that typically send the price up in the final weeks of winter.  More »

How Americans are spending their windfall from cheap gasoline

Millions of Americans are benefiting from the collapse in gas prices, which Goldman Sachs Group Inc. equates to a tax cut worth as much as $125 billion.  More »

AAA: $2 gasoline hits almost a dozen states

The price for a gallon of gasoline in Texas has fallen 8 cents since Jan. 5 to reach $1.90, AAA said.  More »

U.S. drivers start 2015 with cheapest gas in six years

Gasoline at the pump is at the lowest since April 2009, when prices were $2.0549 a gallon.  More »

Low gasoline prices the perfect backdrop to educate public about the oil & gas industry

The public’s perception of the oil and gas industry is inversely proportional to the price of each commodity.  More »

Trucks triumph in 2014 as cheap fuel frees U.S. consumers

Consumers bought more pickups, minivans and sport utility vehicles than cars in every month of 2014.  More »

Oil falls once again, looks to end 2014 at new lows

Behind the early fall was news that inventories at the oil trading hub of Cushing, Oklahoma rose by nearly 2 million barrels, according to U.S. Energy Information Administration data for the week ending Dec. 26.  More »
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