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Quest to Curb Gas Prices Sends Biden on Saudi Trip

President Joe Biden seeks to salvage relations with Saudi Arabia in a Mideast trip that risks political embarrassment unless near-record U.S. gasoline prices swiftly come back to Earth.

July 13, 2022

OPEC’s First 2023 Outlook Shows No Relief From Oil Squeeze

OPEC’s first oil market outlook for 2023 suggests no relief for squeezed consumers, with more crude needed from the group even though most members are already pumping flat out.

July 12, 2022

Diesel Sheds 10.7¢ to $5.568 a Gallon

The national average price of diesel dropped 10.7 cents in its third consecutive decline, according to Energy Information Administration data released July 11.

July 11, 2022

US to Urge India, Japan to Back Plan for Cap on Russia Oil Price

U.S. Energy Secretary Jennifer Granholm will use talks with nations including India and Japan to rally support for a new effort aimed at capping prices for Russian oil.

July 11, 2022

EIA Reports $5.675 National Diesel Price After Three-Week Delay

The U.S. Energy Information Administration on July 7 released fuel prices covering a three-week reporting delay, and the national average price for diesel fell 10.8 cents to $5.675 in its second straight decline.

July 7, 2022

WTI Oil Drops Below $100 as Recession Fears Overwhelm Markets

West Texas Intermediate crude futures dropped below $100 a barrel for the first time since May 11 as concerns grow that a global economic slowdown will ultimately hobble demand.

July 5, 2022

Gasoline Market Is Starting to Cool Down

It’s been a tailwind for oil prices for most of this year, but the previously booming U.S. gasoline market is showing a few signs of cooling off.

July 5, 2022

EIA Diesel Prices Still in Limbo Going Into Third Week

The U.S. Energy Information Administration is delaying its weekly release of national diesel prices for a third week in a row due to network issues, it announced June 30.

July 1, 2022

Hydrogen’s Uniqueness Calls for Extra Safety Measures

Safety measures are being developed to deal with the special properties of hydrogen as the pace quickens to bring heavy-duty fuel-cell trucks to market.

June 30, 2022