Gasoline Prices

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Why Gasoline Is Still the Backbone of Daily Travel (Despite the Hype Around EVs!)

Despite the growing popularity of electric vehicles and alternative fuel options, gasoline continues to play an essential role in daily commuting and travel. For millions of people across the world, gasoline-powered vehicles remain the most practical and accessible means of transportation, fueling everything from daily work commutes to long-distance road trips. One key reason for […]

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Energy Crisis
Gas Prices
Gasoline Prices
India

India Forced to Ship In Gasoline, Diesel as Shortages Arise

(Bloomberg) — Global energy markets that have thrown up plenty of anomalies in 2022 as flows get rerouted and prices jump just saw a fresh quirk: India, typically Asia’s leading gasoline and diesel exporter, has been forced to step up imports of the fuels. Gasoline imports are set to rise to about 37,000 barrels a […]

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Gas Prices
Gasoline Prices

U.S. Gasoline Price Shock’s Roots Go Deeper Than Crude’s Surge

(Bloomberg) — America’s drivers are being squeezed at the pump, and the root cause is surging oil prices. But that’s not the whole story. Gasoline prices rise and fall with the price of crude, though not always in sync or to the same extent. Add to that: taxes, refining costs, and distribution and marketing costs. […]

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Gas Prices
Gasoline Prices
Oil Price

Visa Changes Rules for Gas Stations to Avoid $125 Pump Limit

(Bloomberg) — Visa Inc. and Mastercard Inc. are planning a raft of changes to rules for gas stations to allow larger transactions after a surge in fuel prices across the U.S. made it hard for some drivers to fill up using credit cards. Many gas stations have a $125 limit for Visa transactions at the […]

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Biden
Gas Prices
Gasoline Prices
Inflation

Biden Is Calling Out the Surge in Gas Prices — Again

(Bloomberg) — Oil prices may have eased, but gasoline at the pump hasn’t — a familiar problem for the Biden administration grappling with elevated inflation in the U.S. West Texas Intermediate crude futures, the U.S. benchmark, have dropped from multi-year highs above $120 a barrel touched after Russia’s invasion of Ukraine, but the national average […]

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Crude Oil
Gas Prices
Gasoline Prices
Oil

This state may see nearly $6 gas in 2022: study

Start saving those pennies as driving your car may cost way more in 2022, predicts gas price tracking firm GasBuddy. In a new study released on Wednesday, GasBuddy forecasts the nationwide average price for gas will be $3.41 in 2022. The current price nationwide averages about $3.29. GasBuddy thinks prices could near $4 a gallon […]

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OSK has reversed a downward trend and is up 18% since October – is it too late to buy?

Markets are naturally cyclical – they swing from high to low and back again on a consistent, if unpredictable basis over a range of time frames. The different time periods associated with any given cycle, or sometimes even the depth of a certain cycle’s direction, can shade the casual investor’s perception about a stock’s opportunity. […]

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West Texas

Is HFC worth its bargain status?

The impact of the global pandemic sometimes seems to have no end in sight – even though economic activity has been picking up enough this year to start raising a lot of questions about inflationary pressures, their impact on interest rates, and more. One of the sectors that has rallied strongly since November of last […]

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Energy Crisis
Gasoline Prices

Global Gas Prices are Soaring to Record Highs. Here's Why.

Image by Nikola Johnny Mirkovic on Unsplash Natural gas prices have risen to seasonal record highs as global gas demand is expanding and supply is not able to keep up. Bullish fundamentals combined with weather-related events have acted as tailwinds to propel prices. The extreme supply tightness of the global gas market is now spilling […]

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Gasoline Prices

Gasoline prices usually fall this time of year as vacation season ends. So why are they jumping?

This is not supposed to happen at this time of year. At a moment when gasoline prices are usually heading down, the reverse is happening. Prices are soaring amid a sudden increase in the price of oil, which is refined into gas for cars. Normally, prices ease after the end of the summer travel season […]

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