fuel prices News Updates

GovernmentBusiness

Diesel Sheds 5.3垄 to Reach $4.836 a Gallon

The national average price for diesel fell another 5.3 cents Oct. 3 to reach $4.836 a gallon, according to the Energy Information Administration.

October 3, 2022
BusinessFuel

Gasoline鈥檚 98-Day Slide Ends With Modest Price Hike

Retail gasoline prices in the U.S. have posted their first increase 鈥 albeit very modestly 鈥 after a 98-day streak of declines, suggesting consumers won鈥檛 get much more relief at the pump. Prices now stand at $3.681 a gallon, according to auto club AAA.

September 21, 2022
GovernmentBusinessFuel

Oil Reserves Could Be Tapped to Head Off Winter Crisis

Officials within President Joe Biden鈥檚 administration are hunting for ways to head off a feared spike in oil prices later this year, including the possibility of an additional release from the nation鈥檚 emergency crude reserves.

September 8, 2022
GovernmentBusinessFuel

Biden Administration Urges Fuel Export Cuts to Restock Northeast

The Biden administration is warning refiners that it may take 鈥渆mergency measures鈥 to address fuel exports as stockpiles of gasoline and diesel fuel remain near historically low levels in the Northeast.

August 26, 2022
GovernmentBusinessFuel

Diesel Pinch Looms as World Seeks Relief From Pricey Natural Gas

The global diesel market looks set to get even tighter as power generators and industrial users seek relief from surging natural gas prices.

August 26, 2022
GovernmentBusinessFuel

Gas Prices Fall for 70 Straight Days

Gasoline prices in the U.S. have fallen for 70 days straight, the longest down streak since January 2015.

August 23, 2022
GovernmentBusinessFuel

OPEC+ Boosts Oil Output by Slower Pace Than Previous Months

The OPEC oil cartel and its allies decided Aug. 3 to boost production in September by a much slower pace than in previous months at a time of high gasoline prices and unstable energy supplies exacerbated by Russia鈥檚 war in Ukraine.

August 3, 2022
GovernmentBusinessFuel

White House Expects More Saudi Oil After Biden鈥檚 Mideast Trip

The White House said it expects further oil supply increases from Saudi Arabia after President Joe Biden met with the kingdom鈥檚 rulers.

July 15, 2022
GovernmentBusinessFuel

The World Can鈥檛 Get Enough of US Diesel as Exports Surge

The U.S. is exporting diesel at the fastest ever rate as the global market鈥檚 thirst for fuel remains insatiable.

July 15, 2022
GovernmentBusinessFuel

Gasoline Demand Dips Below 2020 Level

Expensive gasoline is keeping more U.S. drivers off the road than the COVID-19 pandemic did at this time two years ago.

July 13, 2022

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