⛽️ Gasoline is now cheaper in the U.S. than it was prior to Russia’s invasion of Ukraine.
The US average price per gallon for gasoline is now $3.47, sitting below the $3.54 price in February, prior to the invasion. A potential recession could be a major reason for the drop, which sat at a whopping $5.02 per gallon in June.
in a recent development, BlackRock, the world's largest asset manager, is challenging Texas' move to pull out about $8.5 billion from the Texas Permanent School Fund (PSF), alleging it's a boycott against energy companies.
Energy giant Shell is shifting gears, planning to sell off some of its gas stations to make room for more electric vehicle charging stations.
Recent sub-zero temperatures across the United States have caused gas wells to freeze, resulting in an 11-month low in gas production, according to Reuters.
In a move that challenges California's emissions regulations, Ohio is set to enact a law in March that prohibits state agencies from adopting California's vehicle emissions standards.
Gas prices in the United States are dropping, with the national average at $3.137 per gallon, down 9 cents from the previous week and the lowest of the year.
Connecticut's plan to ban the sale of gas-powered cars by 2035 is facing a setback, with Governor Ned Lamont shifting his focus to promoting electric vehicles instead of a scheduled legislative vote on the ban.
Chevron and Exxon are making significant acquisitions in the oil and gas industry despite growing global momentum toward clean energy.
Chevron has agreed to purchase U.S. oil and gas producer Hess in an all-stock deal valued at $53 billion.
The Biden administration has eased sanctions on Venezuela, specifically in the oil, gas, and gold sectors, following an agreement between the government of President Nicolás Maduro and the U.S.-backed opposition to hold competitive presidential elections next year.
Gasoline prices in California have surged to an average of $6.08 per gallon, up 15% from a month ago, largely due to a spike in crude oil costs and refinery output disruptions.
Gas prices in the United States are expected to rise slightly over the next week, with estimates suggesting an increase of three to five cents per gallon due to rising gasoline wholesale prices.
Despite earlier predictions of an economic recession and declining oil demand, the U.S. economy has remained resilient, leading to stable demand for gasoline and jet fuel.
This summer's historic heatwave is causing gasoline prices to surge to nine-month highs in the United States.
Major truck manufacturers have made a commitment to cease the sale of new gas-powered vehicles in California by the mid-2030s.
Sheetz, a convenience store chain, has attracted long lines of vehicles at select Pennsylvania locations as customers take advantage of their Fourth of July promotion, offering gas prices at $1.776 per gallon.
As Americans gear up for the Fourth of July weekend, they can celebrate significantly lower gas prices compared to last year.
Diesel prices have continued to decline for the sixth consecutive week, marking a drop of over $1.95 per gallon since last year's peak.
A recent poll has revealed that the "rapid phase-out" of electric vehicles (EVs) is not a straightforward path.
The ongoing debate between electric vehicles and gas-powered cars continues, with the question being whether EVs are truly better than gas-powered vehicles.
Many gas and oil producers are concerned about the increasing popularity of EVs, as they fear that the demand for their products will decrease.
Recently, Shell acquired Volta Charging, an electric car charging network, for a whopping $169 million.
While the price tag on electric vehicles has often played a part in why many Americans cannot afford them, sticker prices are beginning to decline.
For the second week in a row, the Department of Energy’s Energy Information Administration (EIA) has reported there was an increase in the national average price per gallon of diesel gasoline.
The jeopardy to the consumer choosing an electric car over a gas-powered car includes the limited range of electric vehicles, higher upfront costs, and a lack of charging infrastructure in some areas.
Meeting the United States’ goal of cutting greenhouse gas emissions in half by 2030 will require Americans at home to begin buying more electric cars and installing more solar panels.
Beginning on February 5th, the European Upon and its allies will be implementing the long-anticipated cap on the price of Russia’s fuel exports.
Logistics companies and regular U.S. consumers are both preparing for a volatile year to combat the insanity of gas prices over 2022.
Germany has traded Russia for Norway as the country’s import share dropped to just 22% in 2022. Russia began gradually cutting its gas supply via the Nord Stream pipeline to Germany over the summer and shortly thereafter ceased supplying via pipeline in September.
GasBuddy, an app that provides real-time gas price information, is projecting that Americans may see an average of $4 per gallon by May.
Several states in the U.S., including California, Maryland, Massachusetts, New Jersey, New York, Oregon, Washington, and Rhode Island, plan to ban the sale of new gas-powered cars by 2035.