Forty percent of America’s corn crop ends up in our gas tanks. getty Tempted by lower priced ethanol? Keep in mind that the corn-based moonshine contains 30% less energy by volume than gasoline....
Tag: Gasoline
There’s No Immediate Cure For Sky-High Gasoline Prices
Since gasoline prices started surging at the end of last year, the U.S. Administration has been saying that it would consider and potentially use every tool at its disposal to lower prices at the pump...
OPEC Bows To Global Pressure To Increase Oil Supply
Getty Images Key Takeaways The price of crude oil continues to rise and hit new highs on the back of significant demand post-Covid19 OPEC has agreed to increase their oil output to 648,000 barrels a d...
OPEC Move Is Not Worth Biden’s Hype, And Won’t Stop Record Gasoline Prices
Biden speaking by video with a different cartel, of baby formula makers, June 1, 2020. © 2022 Bloomberg Finance LP Another day, another record for gasoline prices, which hit an average of $4.715 a gal...
Why Gasoline Prices Are Only Going Higher From Here
FILE – The gasoline price board is shown at a gas station in Menlo Park, Calif., March 21, 2022. A … [+] majority of Americans say they don’t blame President Joe Biden for high gasol...
3 Reasons Elizabeth Warren’s Price Gouging War Doesn’t Make Sense
LVIV, UKRAINE – 2021/03/04: Fuel pump nozzle seen at a gas station. (Photo by Mykola Tys/SOPA … [+] Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Some of ou...
An Export-Import Primer For First Meeting Of Brazil’s ‘Snubbed’ Bolsonaro, Biden
U.S. Brazil trade snapped the 2012 record in 2021 and is on track to break that record in 2020, as … [+] this chart comparing the month of March for the last decade shows. ustradenumbers.com Des...
gasoline inventories tighten ahead of Memorial Day weekend
Crude oil price has edged higher in Wednesday’s session after industry data showed that US gasoline inventories were at the lowest recorded level during this time of the year since 2013. As at the tim...
Biden Says The Quiet Part About The Energy Transition Out Loud
US President Joe Biden speaks during a news conference with Japan’s Prime Minister Fumio Kishida, … [+] not photographed, at the Akasaka Palace in Tokyo, Japan, on Monday, May 23, 2022. Ki...
Oil Drops as Traders Weigh Tight Gasoline Markets, Weak Growth
(Bloomberg) — Oil declined at the start of the week’s trading as investors weighed tight product markets against concerns over slowing global growth. Most Read from Bloomberg West Texas Intermed...
$6 a Gallon Gasoline? Here’s How It Could Happen.
Illustration by Elias Stein Text size U.S. gasoline prices are at record highs, averaging more than $4.50 per gallon at the pump, and surpassing $4 in all 50 states for the first time. But, says Natas...
House Approves Bill To Ban Gasoline ‘Price-Gouging’—But It’s Unlikely To Pass In Senate
Topline Legislation designed to ban oil companies from excessively bumping up gas prices was passed by the House on Thursday, but it faces an uncertain fate in the Senate, as Americans face record-hig...
Recession Talks Surface, ETH 2.0 Uncertainty Looms, and Gasoline Hikes – crypto.news
Goldman Sachs, an American investment banking network and financial service provider, recently warned that there is a high risk of recession in the US. Lloyd Blankfein, Goldman Sachs’ senior chairman,...
Why $5 A Gallon Gasoline Looks Inevitable
UNITED STATES – MAY 18: From left, Sen. John Kennedy, R-La., Sen. Lisa Murkowski, R-Alaska, Sen. … [+] John Barrasso, R-Wyo., hold their news conference in the Capitol on gas prices on Wed...
Households are spending the equivalent of $5,000 a year on gasoline
A woman rides an electric bike past a gas station as current gasoline prices continues to climb close to record setting territory in Encinitas, California, May 9, 2022. Mike Blake | Reuters U.S. house...
The Real Reason Gasoline And Diesel Prices Are So High
Oil prices are a common topic of conversation around the office water cooler these days. As you might expect, perspective matters. The folks at the Halliburton, (NYSE: HAL), office in Midland, Texas l...
Gasoline, diesel prices rise to another record amid rampant inflation
A gas station is seen as the average price of gasoline reach all-time high at $4.37 per gallon (about 3.8 liters) in Virginia, USA on May 10, 2022. It’s claimed that gasoline prices vary by regi...
National average for gasoline hits record $4.37 a gallon
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Gasoline prices surged to the highest l...
U.S. Trade Soaring Because Of, Not Despite, Covid Lockdowns, Supply Chain Woes
U.S. Census Bureau data released Wednesday showed U.S. trade up more than 20% over the first quarter … [+] of 2021. (All totals in $U.S. trillions.) ustradenumbers.com U.S. trade increased a run...
Gas prices are up roughly 40% from just a year ago. So you may want to try this method to get ‘basically free money’ for gas — but there’s a catch
Is a gas credit card right for you? Getty Images Amid high inflation, rising prices of crude oil and the war in Ukraine, gas prices have jumped from an average of about $2.88 per gallon a year ago, to...
Up, Up And Away – Energy Prices Continue To Soar
Detail of a hand holding a fuel pump at a station getty The Henry Hub index price for U.S. natural gas dipped below $6.50 per Mmbtu on Monday, leading to some optimism for a little price relief for ma...
Gasoline Prices Have Peaked For Now
WASHINGTON, DC – MARCH 14: Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, … [+] 2022 in Washington, DC. The cost of gasoline continues to rise across the globe a...
Pelosi and Schumer Discuss Legislative Moves to Cut Gasoline Prices and Tackle Inflation
(Bloomberg) — House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer met to discuss possible legislation to reduce gasoline prices, according to a Democratic aide, as inflation pose...
Pandemic Demand Destruction No Match For Supply Shortages
TOPSHOT – A man wears a protective face mask on the promenade of the Bund along the Huangpu River in … [+] Shanghai. (Photo by Hector RETAMAL / AFP) (Photo by HECTOR RETAMAL/AFP via Getty ...
How The Feds Are Causing High Gas Prices At The Pump
WASHINGTON, DC – APRIL 11: White House Press Secretary Jen Psaki speaks during the daily press … [+] briefing at the White House April 11, 2022 in Washington, DC. Psaki spoke about Preside...
Tesla’s Texas Charger Grant Applications Fail; It’s Bad For Texas But Reveals Tesla’s Super-Low Costs
The VW Dieselgate scandal has paid for the Texas EV charging grants and also for Electrify America AFP via Getty Images A Texas program which gives grants to install fast EV chargers, as long as they ...
Canada, Not Russia, Now Leading U.S. Importer Of Refined Petroleum Products
After two years with Russia on top in the value of U.S. imports of refined petroleum products, … [+] Canada is running ahead of Russia through February. ustradenumbers.com Canada now leads Russi...
Gasoline, Price Gouging, War, The Economy, (And The Midterm Election)
IMAGE DISTRIBUTED FOR FOSSIL FREE MEDIA – Protesters stand outside the Rayburn House Office … [+] Building holding a Big Oil is Profiteering from War sign before the start of a House Energ...
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. Most Read from Bloomberg Gasoline prices rise and fall w...
U.S. Imports, Exports Jump 20% To Shatter 2021 Records
The price of a barrel of oil is a major factor in record overall export and imports thus far in … [+] 2022. AFP via Getty Images U.S. trade is up more than 20% over the 2021 record pace, accordi...
Why U.S. consumers suspect gas price gouging — and how much stations actually profit from a gallon of the fuel
Oil company executives will be on the hot seat Wednesday at a House subcommittee hearing as U.S. consumers across the country allege gasoline price gouging at the pump, where drivers last month paid r...