U.S. States Gear Up for 2035 Phasing Out of Gas Cars
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.
BlackRock Challenges Texas’ $8.5 Billion Withdrawal Decision
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.
Shell's Strategic Shift From Gas Stations to EV Charging Stations
Energy giant Shell is shifting gears, planning to sell off some of its gas stations to make room for more electric vehicle charging stations.
Extreme Cold Freezes Gas Production, Sparks Concerns of Record Electricity Demand and Soaring Prices
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.
Ohio Enacts Law Protecting Vehicle Choice Amid Emissions Regulations Debate
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.
U.S. Gas Prices Plummet to Lowest of the Year Amid Falling Oil Prices and Production Cuts
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 Governor Shifts Focus from Gas Car Ban to Electric Vehicles Amid Growing Opposition
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 Bet Big on Oil and Gas With Multi-Billion-Dollar Acquisitions
Chevron and Exxon are making significant acquisitions in the oil and gas industry despite growing global momentum toward clean energy.
Chevron Acquires Hess in $53 Billion Deal, Gaining Access to Guyana's Oil Reserves
Chevron has agreed to purchase U.S. oil and gas producer Hess in an all-stock deal valued at $53 billion.
Biden Administration Eases Sanctions on Venezuela in Response to Election Agreement
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 Soar in California Due to Crude Oil Costs and Refinery Disruptions
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 are expected to see a slight increase next week
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.
Resilient U.S. Economy Spurs Steady Fuel Demand, Industrial Slowdown Continues
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.
Extreme Heat Has a Searing Impact on Raising Gas Prices
This summer's historic heatwave is causing gasoline prices to surge to nine-month highs in the United States.
Truck Manufacturers Commit to Cease Sales of Gas-Powered Vehicles in California, Promoting Zero-Emission Trucks and Cleaner Air
Major truck manufacturers have made a commitment to cease the sale of new gas-powered vehicles in California by the mid-2030s.
Sheetz Celebrates Fourth of July with Gas Prices Dropping to $1.776 per Gallon
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.
Fourth of July Gas Prices Plummet to Unprecedented Lows
As Americans gear up for the Fourth of July weekend, they can celebrate significantly lower gas prices compared to last year.
Diesel has fallen 16 weeks out of the 17 past weeks
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.
Gasoline-Powered Cars Maintain Dominance in the Market
A recent poll has revealed that the "rapid phase-out" of electric vehicles (EVs) is not a straightforward path.
Electric or Gas-Powered: Which is the Better Option?
The ongoing debate between electric vehicles and gas-powered cars continues, with the question being whether EVs are truly better than gas-powered vehicles.