The average price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon, according to the Lundberg Survey, which comes as some analysts predict prices will climb above $6 a gallon by the end of the summer. Industry analyst Trilby Lundberg of the Lundberg Survey said on May 22 that…
Gas Prices Jump 33 Cents in Past 2 Weeks, Some Analysts See $6 per Gallon by August
3 Ways Rising Gas Prices Are Impacting the Auto Industry
Chip shortages, supply chain disruptions and depleted inventory levels are just three of the headwinds auto stock investors have been dealing with in recent quarters. On Tuesday, Bank of America analyst John Murphy said auto investors can now add skyrocketing gas prices to the mix of problems for the auto industry. Murphy said the near-term…
Mexico Suspending Gas Subsidies After American Drivers Cross Border for Cheaper Fuel
April 4, 2022
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Mexico has decided to temporarily halt gas subsidies along its borders with the United States, citing shortages as more American citizens cross the border to procure cheaper fuel. The gas subsidy suspension will remain in effect between April 2 and 8. It will cover multiple border cities, including one of the busiest border crossings in…
Democrats Weigh Monthly Gas Payments to Relieve Pain at the Pump
If national average gasoline prices remain above $4 per gallon, Americans could receive monthly payments of $100, according to a federal bill recently introduced by a Democratic lawmaker. Rep. Mike Thomas (D-Calif.) submitted legislation to provide “energy rebates to individual taxpayers” in response to surging gas prices. Rep. John Larson (D-Conn.) and Rep. Lauren Underwood…
Democrats Weigh Monthly Payments to Relieve Pain at the Gas Pump
Americans could receive monthly payments of $100 for the rest of 2022 in any month when the national average gas prices exceed $4 per gallon, according to a proposal recently introduced by Democratic lawmakers. Rep. Mike Thomas (D-Calif.), Rep. John Larson (D-Conn.), and Rep. Lauren Underwood (D-Ill.) submitted legislation to provide “energy rebates to individual taxpayers” in…
US Gasoline Prices Edge Lower After Hitting Record High Last Week
NEW YORK—U.S. gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week following Russia’s invasion of Ukraine. Retail gasoline prices fell for the second straight day on Sunday to $4.325 per gallon, below a record of $4.331 hit on Friday, according to American Automobile Association data. Russia’s invasion of…
Biden’s Land Bureau Breaking Law on New Oil and Gas Lease Sales: Barrasso
February 17, 2022
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bidenBLMBOEMcongressCourt orderDavid Bernhardtenergy crisisEnvironmentExecutive BranchFeatured TopicsFederal-State RelationsGasgasoline pricesJoe ManchinJohn BarrassoJudiciaryMineral Leasing ActOiloil and gasOuter Continental Shelf Lands ActPolicies & ImpactsPoliticsScienceSierra ClubSpinTrumpUSUS Features
Sen. John Barrasso (R-Wyo.), ranking member of the Senate Energy and Natural Resources Committee, has condemned the Department of the Interior’s Bureau of Land Management (BLM) for its failure to publish a public notice of onshore oil and gas lease sales for this quarter. He said their continued inaction violates the federal Mineral Leasing Act…
Falling Gas Price Trend Likely Bottomed, Drivers Should Brace for Pain at the Pump: Experts
The falling trend in retail gasoline prices has likely hit bottom and drivers should expect a fresh run of higher prices before seeing relief at the pump again, according to several industry experts, with one predicting a peak as high as $4 per gallon by spring. National average retail gasoline prices have been in a…
Gas Prices in Some States Expected to Rise Despite Broader Falling Trend: Expert
An uptick in the price of wholesale gasoline is squeezing profits at stations that lowered prices most aggressively amid a broader falling trend nationally, with GasBuddy head petroleum analyst Patrick De Haan predicting that prices at the pump in several states will likely shoot up soon. De Haan said on Dec. 26 that a 15…
Gasoline Prices Drift Down 9 Cents In Past Month, Still Up $1.16 Over Year
Gasoline prices continued their seasonal downward drift on Dec. 14, falling two and a half cents per gallon compared to a week earlier and down nine cents from a month ago, though they remain up $1.16 compared to a year ago as experts wonder if the falling trend can last amid oil price uncertainty. The…
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