In our January Short-Term Energy Outlook (STEO), we expect average U.S. retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity. In 2025, we expect slightly reduced gasoline consumption to further […]
Gas station owner Sunoco LP will buy pipeline and liquids terminal operator NuStar Energy in an all-equity transaction valued at around $7.3 billion, including debt, the companies said on Monday in the latest merger deal in the […]
Yahoo Finance (Reuters) –Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude fell by $1.57, or 2%, […]
January 3, 2024 Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Note: Retail prices are in nominal terms and are not adjusted for inflation. U.S. retail gasoline prices in 2023 averaged $0.43 […]
A coalition of state attorneys general has filed a lawsuit against the Biden administration’s emission performance measures for state Departments of Transportation and metropolitan planning organizations. On Dec. 21, attorneys general for 21 states filed […]
Spain stepped up purchases of Russian natural gas in 2023, with imports expected to hit a historic high by year’s end, news outlet El Mundo reported on Friday, citing data from the country’s gas network […]
The American Automobile Association’s latest report forecasts that over 55.4 million Americans will travel at least 50 miles from home during the Thanksgiving holiday week, spanning five days from Nov. 22 to Nov. 26. This year’s forecast […]
Today Oil prices remained under pressure on Wednesday after sliding to their lowest in more than three months in the previous session, slipping further on concern over waning demand in the United States and China. […]
Oil Price The U.S. gasoline crack spread – a leading refining profitability indicator – slumped in October to the lowest level in nearly three years amid seasonally weaker American gasoline demand and the switch to […]
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.4 million barrels from the previous week. At 421.1 million barrels, U.S. crude oil inventories are about 5% below the five […]
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