By Ed Blazina From Pittsburgh Post-Gazette PITTSBURGH—To Patrick DeHaan, petroleum industry analyst at GasBuddy.com, the recent hike in summer gasoline prices to their highest level in seven years isn’t unusual. And it may not be over. “It’s supply and demand,” said DeHaan, noting that petroleum suppliers sharply reduced production during the pandemic as stay-at-home orders kept…
As Road Travel Resumes and Vacations Peak, Gasoline Prices Spike to 2014 Levels
California’s Gas Prices Highest in the US Before Independence Day
July 3, 2021
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As Independence Day approaches, California’s gas prices have hit a record-high since 2014. According to the American Automobile Association (AAA), the national average gas price on July 1 is $3.123 per gallon but California’s average price for regular gas was $4.284, which was $1.535 higher than in Mississippi. The Golden state’s average price of a…
Brent Cracks $70 for First Time Since Pandemic Began After Saudi Facilities Attacked
SINGAPORE—Brent crude futures jumped above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years, following reports of attacks on Saudi Arabian oil facilities. Brent crude futures for May reached $71.16 a barrel in early Asian trade and were at…
It’s Just Not Worth It
Dear Dave, Do you think I should get a new hybrid car to save money on gas? A lot of my friends have done this, and with the rise in gas and oil prices lately, they’re telling me I should, too. According to them, I’ll save a ton of money, especially since I have a…
Oil Gains on Continued OPEC+ Cuts and US Stocks Draw
LONDON—Oil prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output policy and U.S. crude stocks fell, with optimism over a new U.S. pandemic relief bill adding further price support. Brent crude futures gained 24 cents, or 0.41 percent, to $58.70 a barrel by 1346 GMT, having earlier hit…
US Shale Producers Lock in Future Sales as Oil Prices Rise to One-Year High
NEW YORK/HOUSTON—U.S. shale producers are taking advantage of the oil market’s rally to levels not seen in nearly a year by locking in prices for future sales, sources familiar with the matter said. U.S. crude futures this month jumped above $50 a barrel to the highest since February. The rally has sparked optimism among shale…
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