Rising U.S. consumer demand, combined with a rise in the price of crude oil, has led to an increase in gas prices at the pump. The national average price for a regular gallon of gas was at $3.46 on Jan. 24, according to data from the American Automobile Association (AAA). The auto association attributed much of…
Gasoline Prices Surge as Consumer Demand Rises in January
January 24, 2023
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Massive Jump in Regional Gas Prices Pull Up National Average as Refinery Issues Send Prices Soaring
October 3, 2022
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U.S. national average gas prices have risen in the past week, with states such as Washington, Alaska, Oregon, and California seeing prices jump by more than ¢40 a gallon, according to oil analyst Patrick De Haan. “For the second straight week, average #gasprices have risen, the national average is up ¢8.40 per gallon from a…
Gasoline Prices Fall For 26th Straight Day
Gasoline prices continued their decline on Sunday, easing some of the burdens on American citizens who have been grappling with rising gas prices for the past several months. “Average US #gasprices have now declined for the 26th straight day and are nearly 36c/gal lower than 26 days ago,” oil and refined products analyst Patrick De…
Oil and Coal Jobs Fall Sharply as Washington Promotes Green Energy
June 28, 2022
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Jobs in the U.S. oil and coal industry fell in 2021 while employment expanded in the green energy sector, according to the latest data from the U.S. Department of Energy. The energy sector employed over 7.8 million Americans in 2021, a 4 percent increase from 2020, the Energy Department said in a report (pdf) released on June…
WH: No Decision on Student Loans Yet; Report: WH Eyeing Restarting Oil Refineries | NTD Business
The White House says no final decision yet on student loan cancellation, after a news report said the administration is looking to cancel $10,000 of debt per student. The Biden administration could be restarting idle oil refineries. Could we soon be paying less at the pump? Could China’s digital currency allow the Chinese Communist Party to…
American Energy Producers Shift Into High Gear Due to Rising Profits and Demand
American energy producers are being incentivized to boost production, as high fuel prices, strong demand, and a tight supply chain at the start of the summer driving season raise the chance of increased profits margins this year, Bloomberg reported. Global crude oil prices have been fluctuating between $100-120/bbl since the conflict in Ukraine erupted in…
Texas Oil Refiners Will Take Weeks to Recover, Pushing Up US Gasoline Prices
(Reuters)—Texas oil refineries shut by cold-weather disruptions may take several weeks to resume normal operations, industry experts said on Friday, helping to push up fuel prices. About a fifth of oil processing was halted by power outages and shortages of natural gas and water this week. Average retail gasoline prices rose 6 cents on the…
Texas Oil Refineries Shut as Winter Storm Hits US Energy Sector
Freezing temperatures across Texas during the extended holiday weekend forced energy companies to shut oil refineries in the largest U.S. crude-producing state and restricted natural gas pipeline operations. The rare deep freeze prompted the state’s electric grid operator to impose rotating blackouts, leaving nearly 3 million customers without power. President Joe Biden declared an emergency…
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