Oil prices pumped and dumped overnight as a big crude draw reported by API prompted gains into Asia and a statement crushing hopes of an end to China’s Zero-COVID policy sent prices back down to […]
Last week, President Biden announced plans to release 15 million barrels of oil from the nation’s Strategic Petroleum Reserve, a move widely seen as an attempt to bring down gas prices ahead of November’s election. Meanwhile, after […]
WASHINGTON, Sept 11 (Reuters) – U.S. Treasury Secretary Janet Yellen on Sunday said Americans could experience a spike in gas prices in the winter when the European Union significantly cuts back on buying Russian oil, […]
(CNN)Treasury Secretary Janet Yellen said Sunday that there is a “risk” that US gas prices could rise again later this year, as fears grow over the possibility that Americans’ wallets could be strained by a spike […]
Gas prices continue to decline nationally as the average price for a gallon of regular gasoline dipped below $4 for the first time since March 5th, according to AAA data. It is an impressive decline […]
Gasoline and oil prices should bounce back through the end of the year as the market still needs to balance rising demand and tight supplies, according to Goldman Sachs Group Inc. Brent oil futures could […]
Stronger gasoil export margin, and slower than expected domestic demand recovery is likely support China to increase outflow of the barrel to over 1 million mt (240,000 b/d) in August, which can be a one-year […]
The national average for a gallon of gas at the pump in the United States fell to $4.139 on Thursday, the 51st consecutive day the country has seen a price drop for gasoline, according to […]
Summary EIA reported that the U.S. implied gasoline demand on a 4-week basis is now below 2020. This raises far more questions than answers, as all the other empirical data suggests otherwise. While we do […]
July 19 (Reuters) – The U.S. average retail gasoline price fell to $4.495 a gallon on Tuesday, slipping below $4.50 for the first time in nine weeks, data from the American Automobile Association (AAA) showed. […]
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