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.
The national diesel average is creeping upward
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.
EU’s Russian fuel ban may cause shortages during NY’s peak season
Seasonal gasoline stockpiles are already at a decade-low, and the ban on Russian fuel means that the East Coasts can’t rely on its backup supplies during the peak driving season over the summer.
Fuel price instability: can it be predicted?
Logistics companies and regular U.S. consumers are both preparing for a volatile year to combat the insanity of gas prices over 2022.
Dipping gasoline prices may be too good to be true
GasBuddy, an app that provides real-time gas price information, is projecting that Americans may see an average of $4 per gallon by May.
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.
The price of diesel has fallen 17.2 cents in two weeks
Standing now at $5,141 per gallon, the national average price of diesel is reflecting its largest drop since the 14.5-cent decline in early August.
Gasoline prices prove to be a never-ending roller coaster ride
The ups and downs of fuel prices seem to have no end.