gasoline News Updates

BusinessFuel

Drivers Won't Pay Much More at Pump This Summer

American drivers paying the most for gasoline since 2015 can take some comfort from forecasts that prices don’t have much further to rise.

April 11, 2017
BusinessFuel

Peak Gasoline Demand Looms With Engine Efficiency Gains

Demand for gasoline in the United States, which accounts for one-tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said.

March 3, 2017
BusinessFuel

Diesel Falls 2.2¢ to $2.421 as Crude Rises

The U.S. average retail price of diesel fell 2.2 cents a gallon to $2.421, the Department of Energy said Nov. 21, as crude oil prices crept higher.

November 28, 2016
BusinessFuel

Awash in Gasoline, US Refiners Export Fuel at Record Pace

Gasoline exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf Coast inventories to grow.

November 15, 2016
BusinessFuel

Global Oil Market 'Severely Oversupplied' With Gasoline, Analysts Say

The global oil market is "severely oversupplied" with gasoline — with stocks at a five-year high — serving as a blow to crude prices from next month, reckon Morgan Stanley analysts led by Adam Longson.

July 25, 2016
BusinessFuel

Gasoline Supplies Rise to Record as Imports Pour into East Coast

Refineries across the nation are operating full out and imports are pouring into the East Coast, boosting gasoline supplies to a record.

July 5, 2016
BusinessFuel

Gasoline Demand Zooms to Record as Prices at Pump Plummet

U.S. drivers are burning gasoline at a record pace this summer as they take advantage of the lowest prices at the pump in more than a decade.

June 23, 2016
BusinessFuel

Gasoline Prices Decrease for the First Time Since February

Gasoline prices at U.S. pumps fell for the first time in four months, according to Lundberg Survey Inc.

June 20, 2016
BusinessFuel

Rising Fuel Pushes Up Producer Prices for Second Month

The rebound in fuel costs pushed up U.S. wholesale prices in May for a second month, overshadowing a drop in pricing power more broadly that signals inflation will take time to move toward the Federal Reserve’s goal.

June 15, 2016
BusinessFuel

Soaring Gasoline Demand Isn't Enough to Stop Supply Glut

The biggest increase in U.S. gasoline demand in almost 40 years hasn’t been enough to keep storage tanks from filling up.

May 5, 2016