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Keyword: gasprices

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  • Trump Should Release SPR Oil Reserves on Monday

    07/02/2018 1:21:48 PM PDT · by FreedomNotSafety · 48 replies
    The speculators are at it again in the oil market, pushing up prices beyond the fundamentals.
  • OPEC Gives In To Trump's Demands, Agrees To Increase Production To 1 Million BBLs A Day

    06/22/2018 8:40:12 AM PDT · by Proud White Trump Supporter · 105 replies
    AP wired services twitter ^ | 6-22-18 | WiredSources
    BREAKING: OPEC countries give in to President Trump's demands, agree to increase oil production by almost 1 million barrels a day - AP
  • Gas prices are topping $4 at some Fresno stations. Ready to pay more at the pump?

    05/10/2018 8:47:55 AM PDT · by Simon Green · 55 replies
    Fresno Bee ^ | 05/09/18 | Bryant-Jon Anteola
    Gasoline prices in Fresno already increased beyond $4 per gallon this week at some places in town. And gas prices are projected to rise even more going into the summer in the aftermath of President Donald Trump’s decision to withdraw from the Iran nuclear deal. A year ago, the national average for was $2.34 for a gallon of gas, according to a CNN Money report. These days, that national average has jumped to $2.81 per gallon. Those in Fresno can probably add a dollar on top of the national price, with high state taxes and stringent standards for reformulating...
  • Trump says he will not accept high oil prices; crude dips

    04/20/2018 7:32:29 AM PDT · by mandaladon · 53 replies
    Reuters ^ | 20 Apr 2018
    WASHINGTON (Reuters) - U.S. President Donald Trump criticized OPEC on Friday for output curbs that have helped raise global oil prices and said “artificially” high prices would not be accepted, drawing rebukes from oil-producing countries as prices dipped following his remarks. “Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea. Oil prices are artificially Very High! No good and will not be accepted!” Trump wrote on Twitter. Several members of OPEC, the Organization of the Petroleum Exporting Countries, said in response that oil prices were not...
  • Gas Prices v. Tax Cuts: How Trump Can Protect His Signature Achievement

    02/24/2018 8:02:23 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | February 24, 2018 | Ken Blackwell
    During his short time in office, President Donald Trump has taken several steps that have generated robust economic growth, including signing historic tax cuts that have already led to bigger paychecks for American workers. But to ensure that Americans can keep enjoying the benefits of this popular tax cut, the administration needs to fight rising gas prices.The challenge is a familiar one. For example, in 2011, Americans’ savings from a payroll tax cut were largely negated by rising gas prices. Similarly, an analysis by the non-partisan organization Securing America’s Future Energy found that although former President George W. Bush’s tax cuts...
  • Hurricane Irma: Massive effort to ship fuel into Florida, ease gas shortages

    09/08/2017 1:54:11 PM PDT · by ColdOne · 49 replies
    foxnews.com ^ | 9/8/17 | foxnews
    The Trump administration has waived a key statute to allow for “as many ships as possible” to bring fuel into Florida, as part of a massive effort to ease gas shortages for Florida residents and others in the path of Hurricane Irma. “We’re bringing in as much supply of refined fuel as possible,” Tom Bossert, White House homeland security adviser, told reporters on Friday. The move was made in conjunction with state officials in Florida who are scrambling to get fuel to the pumps and alleviate gas shortages. Florida has taken several steps to expedite those shipments.
  • About 25 percent of U.S. Gulf oil output offline due to Harvey

    08/26/2017 4:58:15 PM PDT · by BenLurkin · 10 replies
    reuters ^ | August 26, 2017 / 11:29 AM / 5 hours ago
    That equates to roughly 428,568 barrels of oil per day out of the roughly 1.75 million bpd pumped from the Gulf. The amount of oil production offline increased from Friday, when roughly 22 percent of output was affected. About 26 percent of Gulf natural gas production is offline, or about 835 million cubic feet per day, BSEE said
  • Gas hasn't been this cheap on the Fourth of July since 2005

    07/03/2017 5:07:51 PM PDT · by upchuck · 41 replies
    Wash Exam ^ | July 3, 2017 | Emily Jashinsky
    The last time gas was this cheap in America on the Fourth of July, the Kardashians didn't even have a television show. According to AAA, the average national gas price currently sits at $2.23 per gallon. That figure hasn't dipped so low since 2005 when Fourth of July drivers also owed $2.23 on average. It's the cheapest gas has been throughout 2017 as well. "The combination of tepid demand and increased gasoline and crude output continues to put downward pressure on gas prices," AAA Spokesperson Jeanette Casselano said in a news release. The least expensive market in the country is...
  • Slump at the Gas Pump Continues Ahead of Summer Driving Season

    05/13/2017 2:41:55 AM PDT · by Paul R. · 27 replies
    GasBuddy.com ^ | May 8, 2017 | Patrick DeHaan
    The bulk of the decline in gasoline prices can be thanked on a recent plunge in crude oil prices as concern over weak demand and high supply has offset sentiment about last November’s OPEC production cuts. The number of U.S. rigs drilling stands at 877, a rise of 7 in the last week, but 462 more rigs- 111% more- than a year ago. While OPEC cut oil production, U.S. and Canadian oil companies have filled the gap, leaving OPEC to lose market share. How long the charade continues is up to OPEC, who will decide in a few weeks whether...
  • Ohio gas prices up; fuel costs expected to rise this month

    03/06/2017 6:33:09 AM PST · by davikkm · 17 replies
    Ohio’s average for regular fuel was about $2.23 per gallon in Monday’s survey from auto club AAA, the Oil Price Information Service and WEX Inc. That’s a dime more than the state average last week and well above the average of $1.87 at this time last year.
  • Obama Keeps Bragging About Low Gas Prices But He Didn’t Want Them

    12/16/2016 1:14:23 PM PST · by rhett october · 6 replies
    Resistance Feed ^ | 12-16-2016 | Rhett October
    Speaking at a campaign rally for Hillary Clinton in September, President Obama touted his economic record with these lines: “More Americans are working. More have health insurance. Incomes are rising. Poverty is falling. And gas is $2 a gallon.” First of all, the economic numbers he's bragging about are absolute smoke and mirrors. In November, Bernie Sanders told a crowd that Obama might be touting an unemployment rate of 5% or less, but that he could only claim that number when part-time jobs were counted the same as full-time jobs. According to Sanders, the real unemployment rate is over 9%....
  • Why $25 NatGas Is Possible This Winter

    11/08/2016 3:09:41 PM PST · by bananaman22 · 24 replies
    Oilprice.com ^ | 11-08-2016 | Mike
    For families using natural gas in their homes, this could be an expensive winter... or a cold one without heat. New England consumes the most liquid natural gas (LNGs) out of anywhere in North America primarily due to high population density and colder climate. Historically, the price of LNG rises in correlation to snow storms. Because of bottlenecks in the pipelines for LNG, supply is limited in the North East and a demand surge can cause a spike in price. In 2015, there were only 6 million homes that use traditional heating oil in New England, whereas nearly half of...
  • Turn in TDI Diesel or Wait Until After Election? If Trade, What to Buy?

    10/24/2016 1:53:54 PM PDT · by Chickensoup · 87 replies
    chickensoup | 10.24.16 | chickensoup
    I have a 2013 Golf TDI Diesel that I have a strong option to give back to Volkswagen. I have been waiting for the election because I have a feeling that Clinton will continue the leftist policies of crawling up gas prices. However, I have been looking for a car, just in case. My goodness! Everything out there is chock full of electronics that will make them obsolete soon. Everything out there looks like a shiny, overgrown bug. I think I need something a bit more more butch-looking. I look longingly at jeep wranglers, but I am told that they...
  • Kingdom Comedown: Falling Oil Prices Shock Saudi Middle Class

    09/25/2016 2:32:40 PM PDT · by Lorianne · 23 replies
    Wall Street Journal ^ | 23 September 2016 | Ahmed Al Omran, Nikhil Lohade
    Lower revenue hurts economy, prompting government to withdraw some benefits; as cost of living rises, consumers cut back on spending ___ With a slowing economy and shrinking foreign reserves, the kingdom is coming under pressure to take steps that support the price of oil, as it did this month with an accord it struck with Russia. ... a sharp drop in the price of oil, Saudi Arabia’s main revenue source, has forced the government to withdraw some benefits this year—raising the cost of living in the kingdom and hurting its middle class, a part of society long insulated from such...
  • Company Restarts Gasoline Pipeline After Leak in Alabama

    09/23/2016 9:11:38 AM PDT · by Alas Babylon! · 25 replies
    Kiii TV ^ | September 23, 2016 | Video report
    Colonial pipeline is investigating what caused a pipeline to leak nearly 336,000 gallons of gasoline into a man-made retention pond. That leak was discovered back on September 9th near Helena, Alabama after state workers noticed a strong smell of gas. The shutdown pipeline caused rising fuel prices amid gas shortages across the South. Investigators say the broke portion, built in 1963, has since been repaired. A preliminary report does not identify the cause of the break as the federal investigation continues.
  • East Coast faces gas shortages, price hikes after pipeline leak

    09/16/2016 2:43:44 PM PDT · by dynachrome · 28 replies
    CNN ^ | 9-16-16 | Charles Riley
    A leak has caused the closure of a crucial pipeline that carries gasoline to the eastern United States, a disruption that threatens to drive up prices and leave service stations without fuel to sell. A section of the Colonial Pipeline, which runs from Houston to New York, has been closed since Sept. 9 after a spill of roughly 250,000 gallons was discovered in rural Shelby County, Ala. The major pipeline, one pipe of which has been severed, provides gasoline for an estimated 50 million people on the East Coast each day, according to company estimates. The cause of the leak...
  • U.S. Gasoline Prices Surprisingly Rise In Late-Summer Week

    08/23/2016 2:25:04 PM PDT · by bananaman22 · 7 replies
    Oilprice.com ^ | 23-08-2016 | Paraskova
    In one of the rare recent increases for a late-summer week, U.S. retail gasoline prices unexpectedly rose in the week to August 22, by US$0.044 to US$ 2.193 per gallon, according to data by the U.S. Energy Information Administration (EIA). Gasoline prices have dropped during this particular week in eight of the past ten years, and last week saw the biggest increase for this week since a US$0.062 rise in 2005. In the previous two August weeks, U.S. average gasoline prices had stood at US$2.150 in the week to August 8 and at US$2.149 in the week to August 15....
  • End of Driving Season Could Send Oil Back to February Lows

    08/03/2016 9:58:37 AM PDT · by bananaman22 · 5 replies
    Oilprice.com ^ | 03-08-2016 | Driver
    Summer driving season: it’s the season to be traveling, what with long weekends, annual leaves and short getaways from the banalities of everyday life at the office. The summer season in the Northern Hemisphere is when demand for crude oil invariably picks up, because fuel consumption increases. In Europe, there’s greater hunger for diesel and in the U.S. there’s a pickup in gasoline demand. Usually. This year’s driving season, however, is shaping up to be a very disappointing exception to the usual seasonal patterns in fuel demand. People are not traveling now as much as analysts expected back in May....
  • Oil Industry CEO Claims Democrats Have Done More For Oil

    07/20/2016 11:38:59 AM PDT · by bananaman22 · 16 replies
    Oilprice.com ^ | 20-07-2016 | GOPConvention
    With the Republican National Convention set to wrap up on Thursday, and the Democratic National Convention getting ready to kick off in Philadelphia next week, one prominent oil executive is noting that the industry has fared better under Democrats than Republicans. Scott Sheffield, CEO of Pioneer Natural Resources, says that he has noticed the trend during his 42 years in the business. That may sound strange considering the two parties’ diverse platforms when it comes to energy. The Republican party is touting deregulation and has said that it does not support the Paris Climate Accords. Going a few steps further,...
  • As Chinese Refiners Flood The World, Gasoline Tankers Pile Up In New York City Harbor

    07/13/2016 8:07:54 PM PDT · by dennisw · 29 replies
    zerohedge ^ | Jul 13, 2016 9:33 PM | by Tyler Durden
    Just over a month ago, when we pointed out that that the gasoline curve was about to shift from contango into backwardation, we said that the gasoline tanker armada off the coast of Singapore was about to start offloading as it would soon become uneconomical to hold product in offshore storage. This meant one thing: China was about to unleash a wave of accelerated gasoline exports across the entire world. We pointed out the unprecedented surge in Chinese gasoline stocks... and added that as China continues to imports tremendous amounts of both crude and product, far greater than actual demand,...