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Keyword: gasprices

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  • How An International Conflict Is Causing Gas Prices To Plummet

    04/03/2020 3:56:46 PM PDT · by Kaslin · 59 replies
    The Federalist ^ | April 3, 2020 | Leo Briceno
    Russia and Saudi Arabia are locked in a price war to control the oil industry. Here's what it's done to prices for oil around the world.The Exon on the corner of 22nd Street in Washington D.C. is now selling a gallon of gas for the low price of $1.79 USD. In Ottawa, the Petro-Canada on Bronson Avenue sells a gallon sells for $0.69 CAD. In both cases, prices are a fraction of what they were just two months ago. And while drivers across both countries might be enjoying the benefits of cheap gas, itÂ’s an actualized nightmare for the international...
  • Virginia Dems to Raise Gas Tax by 10 Cents a Gallon

    03/07/2020 4:59:12 AM PST · by kevcol · 69 replies
    Washington Free Beacon ^ | March 6, 2020 | Graham Piro
    Virginia Democrats agreed to a deal raising gas taxes in the state by a total of 10 cents over the next two years, a move party leadership said would give people "more time with their families." . . . "This is a historic agreement that will give Virginians more time with their families and less [time] stuck in traffic," Virginia House of Delegates speaker Eileen Filler-Corn (D.) said.
  • Rising California Gasoline Prices Highlight Growing Divide in U.S.

    10/24/2019 6:12:49 AM PDT · by karpov · 33 replies
    Wall Street Journal ^ | October 23, 2019 | Amrith Ramkumar
    The price at the pump was more than $4 a gallon in Vista, Calif., when Scott Hissem recently embarked on a trip to Texas to celebrate his 40th birthday. When the delivery associate for Amazon.com Inc. arrived in the Lone Star state, he got an unexpected present: Gasoline cost just $2 and change. The gap has Mr. Hissem considering a move to escape California’s high cost of living. “It makes life hard,” Mr. Hissem said of California, which is the most populous U.S. state and the one with the highest gasoline prices. “You can’t go out and do the things...
  • SoCal Drivers May Soon Pay Upwards Of $4 Per Gallon Of Gas Following Saudi Refinery Attack

    09/26/2019 7:26:44 AM PDT · by C19fan · 37 replies
    CBS LA ^ | September 25, 2019 | Staff
    Gas prices in Southern California continued to soar following the Sept. 15 drone attacks on oil facilities in Saudi Arabia. The average price of gas in Los Angeles jumped three cents Wednesday to $3.85 per gallon and was expected to pass the $4 mark in the next few days, according to Gas Buddy senior petroleum analyst Patrick DeHaan. Gas prices could be on their way to $4.15 and $4.30 per gal in the next 10 to 14 days, DeHaan reported.
  • U.S. Gasoline Prices See Biggest Weekly Rise In Two Years

    09/25/2019 3:30:13 PM PDT · by bananaman22 · 15 replies
    Oilprice.com ^ | 09-25-2019 | Para
    In the aftermath of the attacks on Saudi oil, the U.S. average retail gasoline price jumped by more than 10 cents per gallon between September 16 and September 23—the largest weekly increase in gas prices since early September 2017, when in the wake of Hurricane Harvey gas prices jumped by 28 cents/gallon in one week, the EIA said on Wednesday.
  • Attack on Saudi oil sites raises risks amid US-Iran tension

    09/15/2019 2:25:10 PM PDT · by McGruff · 23 replies
    AP ^ | 9/15/2019 | JON GAMBRELL and ZEKE MILLER
    A weekend drone attack on Saudi Arabia that cut into global energy supplies and halved the kingdom’s oil production threatened Sunday to fuel a regional crisis, as the U.S. released new evidence to back up its allegation that Iran was responsible for the assault amid heightened tensions over Tehran’s collapsing nuclear deal. U.S. Secretary of State Mike Pompeo has blamed Iran for the attack Saturday on key Saudi oil infrastructure. On Sunday, senior U.S. officials again said the American government believes there is no doubt Iran was responsible, saying satellite imagery and other intelligence, show the strike was inconsistent with...
  • Attack on Saudi oil facility came from direction of Iran, not Yemen: U.S. official

    09/15/2019 1:56:40 PM PDT · by RummyChick · 70 replies
    reuters ^ | 9/15/2019 | Rania El Gamal, Parisa Hafezi
    DUBAI (Reuters) - The attack on Saudi Arabia’s oil facilities on Saturday that has threatened global oil supplies came from the direction of Iran, and cruise missiles may have been used, according to a senior U.S. official.
  • Can U.S. Gas Production Keep Up With Demand?

    02/14/2019 3:58:07 PM PST · by bananaman22 · 16 replies
    Oilprice.com ^ | 02-14-2019 | Rob The Rapper
    In the previous article, I discussed the global nature of the oil markets. But the shale oil boom in the U.S. temporarily increased the localized impact on the West Texas Intermediate (WTI) benchmark. As a result, its price diverged from that of international crudes for a few years. The natural gas markets, on the other hand, are far more localized due to the difficulty in transporting natural gas. That means that natural gas in the U.S. could be $3 per million British thermal units (MMBtu), but double or triple that level in Japan or Europe.
  • Gasoline Overproduction Leads To Negative Margins

    01/25/2019 10:20:01 AM PST · by bananaman22 · 12 replies
    Oilprice.com ^ | 01-25-2019 | Irina
    Excess supply of gasoline coupled with slow demand has pressured refiners margins, Reuters reports, noting refining margins for the fuel in the United States sank to US$45.70 a barrel yesterday. The drop follows the fourth weekly increase in gasoline inventories in the U.S., all of them quite hefty, leading to an all-time high of gasoline supplies, at 259.6 million barrels as of January 18. Over the last four weeks, the Energy Information Administration reported gasoline inventory builds reaching a combined 26.6 million barrels. However, the United States is not the only large gasoline hub where inventories are rising as demand...
  • Hah! President Trump Triggers Liberal Snowflakes with Holiday Tweet on Gas Prices

    11/21/2018 7:20:17 PM PST · by Proud White Trump Supporter · 69 replies
    Gateway Pundit ^ | Nov 21, 2018 | Jim Hoft
    President Trump posted a pre-Thanksgiving tweet to trigger the snowflakes before the holiday. ....... President Trump: You just can’t win with the Fake News Media. A big story today is that because I have pushed so hard and gotten Gasoline Prices so low, more people are driving and I have caused traffic jams throughout our Great Nation. Sorry everyone!
  • Exxon, Chevron join climate initiative

    09/20/2018 9:52:27 AM PDT · by yesthatjallen · 21 replies
    The Hill ^ | 09/20/18 | Timothy Cama
    Three of the United States’ largest oil and natural gas companies are joining a major fossil fuel-backed international coalition to battle climate change. Exxon Mobil Corp., Chevron Corp. and Occidental Petroleum Corp. all announced that they’re joining the Oil and Gas Climate Initiative (OGCI) Thursday, in the lead-up to the major Climate Week event in New York City next week, where the group will have a meeting. The group was launched in 2014. Initially, United States-based companies avoided the initiative, and it was dominated by foreign companies like BP, Total and Royal Dutch Shell. “It will take the collective efforts...
  • Trump changes US policy: 'Conserving oil no longer an economic imperative'

    08/20/2018 10:06:43 AM PDT · by rktman · 59 replies
    americanthinker.com ^ | 8/20/2018 | Thomas Lifson
    In terms of its effect on the lives of Americans, as well as the economy, the change of U.S. policy announced by the Trump administration last month to almost no media attention is a big deal. Ellen Knickmeyer of the Associated Press picked up on it belatedly: Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs.
  • Analysis: South Korea finds US crude much cheaper than Russian grades

    08/02/2018 11:42:24 AM PDT · by 2ndDivisionVet · 5 replies
    S & P Global ^ | August 2, 2018 | Gawoon Philip Vahn, Charles Lee and Irene Tang
    Singapore — South Korean refiners have paid close to $80/b on average for Russian crude oil received in June but under $75/b for US crude arrived in the same month, a stern reminder to the industry that short-haul supplies do not always come cheap and long-haul cargoes are not necessarily expensive. South Korea has imported a total of 2.17 million barrels of crude and condensate from Russia in June and paid on average $79.24/b, latest data from state-run Korea National Oil Corp. showed. KNOC's import cost figures include freight, insurance, tax and other administrative and port charges. On the contrary,...
  • Trump Should Release SPR Oil Reserves on Monday

    07/02/2018 1:21:48 PM PDT · by FreedomNotSafety · 48 replies
    The speculators are at it again in the oil market, pushing up prices beyond the fundamentals.
  • OPEC Gives In To Trump's Demands, Agrees To Increase Production To 1 Million BBLs A Day

    06/22/2018 8:40:12 AM PDT · by Proud White Trump Supporter · 105 replies
    AP wired services twitter ^ | 6-22-18 | WiredSources
    BREAKING: OPEC countries give in to President Trump's demands, agree to increase oil production by almost 1 million barrels a day - AP
  • Gas prices are topping $4 at some Fresno stations. Ready to pay more at the pump?

    05/10/2018 8:47:55 AM PDT · by Simon Green · 55 replies
    Fresno Bee ^ | 05/09/18 | Bryant-Jon Anteola
    Gasoline prices in Fresno already increased beyond $4 per gallon this week at some places in town. And gas prices are projected to rise even more going into the summer in the aftermath of President Donald Trump’s decision to withdraw from the Iran nuclear deal. A year ago, the national average for was $2.34 for a gallon of gas, according to a CNN Money report. These days, that national average has jumped to $2.81 per gallon. Those in Fresno can probably add a dollar on top of the national price, with high state taxes and stringent standards for reformulating...
  • Trump says he will not accept high oil prices; crude dips

    04/20/2018 7:32:29 AM PDT · by mandaladon · 53 replies
    Reuters ^ | 20 Apr 2018
    WASHINGTON (Reuters) - U.S. President Donald Trump criticized OPEC on Friday for output curbs that have helped raise global oil prices and said “artificially” high prices would not be accepted, drawing rebukes from oil-producing countries as prices dipped following his remarks. “Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea. Oil prices are artificially Very High! No good and will not be accepted!” Trump wrote on Twitter. Several members of OPEC, the Organization of the Petroleum Exporting Countries, said in response that oil prices were not...
  • Gas Prices v. Tax Cuts: How Trump Can Protect His Signature Achievement

    02/24/2018 8:02:23 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | February 24, 2018 | Ken Blackwell
    During his short time in office, President Donald Trump has taken several steps that have generated robust economic growth, including signing historic tax cuts that have already led to bigger paychecks for American workers. But to ensure that Americans can keep enjoying the benefits of this popular tax cut, the administration needs to fight rising gas prices.The challenge is a familiar one. For example, in 2011, Americans’ savings from a payroll tax cut were largely negated by rising gas prices. Similarly, an analysis by the non-partisan organization Securing America’s Future Energy found that although former President George W. Bush’s tax cuts...
  • Hurricane Irma: Massive effort to ship fuel into Florida, ease gas shortages

    09/08/2017 1:54:11 PM PDT · by ColdOne · 49 replies
    foxnews.com ^ | 9/8/17 | foxnews
    The Trump administration has waived a key statute to allow for “as many ships as possible” to bring fuel into Florida, as part of a massive effort to ease gas shortages for Florida residents and others in the path of Hurricane Irma. “We’re bringing in as much supply of refined fuel as possible,” Tom Bossert, White House homeland security adviser, told reporters on Friday. The move was made in conjunction with state officials in Florida who are scrambling to get fuel to the pumps and alleviate gas shortages. Florida has taken several steps to expedite those shipments.
  • About 25 percent of U.S. Gulf oil output offline due to Harvey

    08/26/2017 4:58:15 PM PDT · by BenLurkin · 10 replies
    reuters ^ | August 26, 2017 / 11:29 AM / 5 hours ago
    That equates to roughly 428,568 barrels of oil per day out of the roughly 1.75 million bpd pumped from the Gulf. The amount of oil production offline increased from Friday, when roughly 22 percent of output was affected. About 26 percent of Gulf natural gas production is offline, or about 835 million cubic feet per day, BSEE said