Gasoline

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U.S. Fuelmakers to Report Lower Q3 profits on Weaker Margins, Fuel Demand

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

(Reuters) – U.S. oil refiners’ third quarter profits are expected to fall from last year on weakening margins as fuel demand softened and new refining capacity came online, energy analysts said. Refiners have come off favorable pricing and strong demand after the pandemic and Russia’s invasion of Ukraine boosted margins to record levels. U.S. gasoline …

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US Gasoline Demand Rose by the Most in a Single Week Since 2001, EIA Data Shows

Energy Topics & Technology, Gasoline, Latest, US News / By

(Reuters) – U.S. gasoline demand rose by more than 1.1 million barrels per day in the week ended Oct. 4, the sharpest weekly increase since February 2001, data from the U.S. Energy Information Administration showed on Wednesday. Product supplied of gasoline, EIA’s measure of demand, hit 9.7 million barrels last week for the first time …

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U.S. Gasoline Prices Set to Fall Under $3/gallon as Election Nears

Diesel Fuel, Energy Topics & Technology, Gasoline, Latest, Oil, Pinned Primary, US News / By

Summary US avg. gasoline price set to dip to $2.99/gal by late Oct. Lower fuel prices could help Democrats in election Pump prices down sharply in competitive ‘swing states’ Wild Card: Hurricane Francine churns through oil patch (Reuters) – U.S. motorists should see gasoline prices fall below $3 a gallon for the first time in …

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U.S. Gulf Coast-Bound Fuel Oil Cargoes Hit 5-Yr Low as Refinery Demand Weakens

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Refineries, US News / By

(Reuters) – Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery demand as margins have softened, analysts said. Feedstocks like high sulfur fuel oil and other heavy residues can be refined into higher value products such as gasoline and diesel …

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Trump’s Big Energy Plan Is… Recession?

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Natural Gas, Oil, US News / By

Sharp declines in gasoline prices tend to come with economic downturns or other nasty market shocks, not by presidential decree. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. Former President …

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US Gasoline Slumps to Near 3-Year Low on End of Driving Season, Oil Slump

Energy Topics & Technology, Gasoline, Latest, US News / By

(Reuters) – U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December 2021, as the end of the driving season weighed on demand for the motor fuel amid a sell-off in the broader oil market. Gasoline futures for October deliveries settled 5.5% lower at $1.98 per gallon, their biggest losses in a …

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U.S. Gasoline Margins Slump on Lackluster Summer Demand

Energy Topics & Technology, Gasoline, Latest, US News / By

U.S. gasoline futures fell about 3% on Wednesday, cutting their premium over crude oil to its lowest level since November 2023, after government data showed weaker demand on a four-week- average basis. WHY IT MATTERS The U.S. consumes the most gasoline in the world, and demand for the motor fuel is typically the highest from …

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COMMENTARY: Where Can We Easily Reduce or Eliminate Oil & Natural Gas? – Yogi Schulz

Emission Reduction, Energy Topics & Technology, Gasoline, Latest, US News / By

We can reduce hydrocarbon consumption in many modest ways to materially mitigate GHG emissions and reduce consumer energy costs. This approach can be more successful than the loud clamouring of some environmentalists who want to eliminate burning fossil fuels to rapidly reduce greenhouse gas (GHG) emissions to address climate change. The federal government is pursuing …

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California Aims to Tackle Pump Spikes by Requiring Gas Reserves

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, US News / By

California Governor Gavin Newsom proposed a plan on Thursday requiring oil refiners to maintain minimum reserves of gasoline in an effort to prevent price spikes. The California Energy Commission said that on 63 days last year California refiners maintained less than 15 days of supply of gasoline, a situation that it said spiked prices and …

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COMMENTARY: Summer Talking Points: Gasoline Prices – Alex Epstein

Energy Commentary, Energy Topics & Technology, Gasoline, Latest, US News / By

Any politician who supports the “net zero” agenda is working to make gasoline prices much higher By Alex Epstein This is Part 1 of a 4 part feature where I cover 4 of the top energy issues being discussed this summer, especially as politicians return home for August Recess. Any politician who supports the “net …

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