gasoline News Updates

BusinessFuel

Seven & i Scraps $22 Billion Plan for Marathon’s Speedway Gas Stations

Seven & i Holdings Co. scrapped plans to acquire Marathon Petroleum Corp.’s Speedway gas stations for $22 billion, according to sources familiar with the matter, ending a deal that would have been among the world’s biggest this year.

March 5, 2020
GovernmentBusinessFuel

Consumer Prices Up 0.4% in October; Gasoline Prices Surge

WASHINGTON — Surging gasoline prices caused U.S. consumer prices to rise last month at the fastest pace since March.

November 13, 2019
GovernmentBusinessFuelLogistics

US Exporters Rely on Trucks to Meet Mexico’s Fuel Demand

U.S. exporters are increasingly relying on trucks to get fuel into Mexico as the country’s gasoline production sags and infrastructure constraints limit shipments from one coast to the other.

September 17, 2019
GovernmentBusinessFuel

Diesel Drops by 1¢ to $3.034 a Gallon

The U.S. average retail price of diesel dropped by 1 cent to $3.034 a gallon, the Department of Energy reported July 29.

July 29, 2019
GovernmentBusinessFuel

Diesel Price Average Dips 0.1¢ to $3.042 a Gallon

The U.S. average retail price of diesel dropped 0.1 cent to $3.042 a gallon, the Department of Energy reported July 1. Crude oil prices remained near $58 a barrel after touching $60 earlier in the day.

July 1, 2019
GovernmentBusinessFuel

US Gasoline Traders Would Rather Export Than Ship to New York

The busiest U.S. fuel pipeline is running below capacity, as Gulf Coast refiners get fatter margins exporting to Latin America than shipping to New York.

May 16, 2019
GovernmentBusinessFuel

Diesel Price Unchanged; US Average Now Less Than a Year Ago

The U.S. average retail price of diesel was unchanged the week of Jan. 28 at $2.965 a gallon and now is about 10 cents a gallon cheaper than it was a year ago, according to the U.S. Energy Information Administration.

January 28, 2019
BusinessFuel

Gasoline for Less Than $2 Available in 20 States After Oil’s Drop

Gasoline prices below $2 a gallon can now be found in at least one gas station in 20 U.S. states, as the effects of the bear market in crude oil trickle down to motorists.

November 28, 2018
GovernmentBusinessFuel

US Retail Sales Rose at 0.5% Annual Rate in July

WASHINGTON — Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that confident consumers are helping drive robust economic growth.

August 15, 2018
BusinessFuel

Diesel Rises for 9th Straight Week, Up 3.8¢ to $3.277

The U.S. average retail price of diesel fuel rose 3.8 cents last week to $3.277 a gallon, making it the ninth straight week that the price of trucking’s main fuel has gone up, according to the weekly report from the U.S. Department of Energy’s Energy Information Administration on May 21.

May 21, 2018