Gasoline

Source: World Oil

Biden suspects “unlawful” oil and gas mergers are behind higher gasoline prices

World Oil


(Bloomberg) –The Federal Trade Commission is examining ways to crack down on mergers in the oil and gas industry and investigate whether gas station franchises are driving up gas prices as part of a Biden administration effort to …

Source: Reuters

Ida’s fury hits U.S. oil production, gasoline supplies

Nasdaq


HOUSTON – Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region’s offshore wells, nearly half its motor fuel production and closing energy-export ports.

 

The storm moved into Mississippi on Monday after leaving a …

Source: Reuters

BP to take full control of Thorntons stores in U.S. retail push

Reuters


BP Plc BP.L said on Tuesday it would buy the majority share it does not already own in its Thorntons joint venture from ArcLight Capital Partners LLC to expand its presence in the U.S. fuels and convenience retail business.…

July 13, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Gasoline
Source: Reuters

White House touts EVs, but not backing gasoline-powered phase-out date

Reuters


WASHINGTON  – The Biden administration wants to spend $174 billion to boost electric vehicles and charging stations but its 2030 climate emissions reduction pledge released on Thursday does not include a firm date to phase out gasoline-powered vehicles.

“These

India’s transport fuel demand remains under pressure

India’s transport fuel demand remains under pressure

argus

Delhi, 12 October (Argus) — Indian demand for transport fuels, except for gasoline, remained lower than year-earlier levels in September despite relaxations to the country’s Covid-19 lockdown measures because of collapsing businesses and record job losses.

Sales of diesel, …

October 12, 2020 - 5:42 am Economy, Gasoline, International
A New View of the Relationship Between Oil Prices, Gasoline Prices and Inflation Expectations

A New View of the Relationship Between Oil Prices, Gasoline Prices and Inflation Expectations

Dallas Fed


It has been considered self-evident until recently that oil prices drive inflation expectations, but new evidence calls into question this conclusion.

Conventional wisdom within macroeconomics is that U.S. inflation expectations respond to the level of the price of …

September 24, 2020 - 3:00 pm Commodity Pricing, Economy, Gasoline
Saudi gasoline stocks fall to multi-year lows

Saudi gasoline stocks fall to multi-year lows

Argus


Dubai, 20 September (Argus) — Saudi Arabia’s gasoline stocks fell to more than a six year low in July as a push to keep refinery run rates low coincided with an upswing in domestic gasoline demand with the easing …

September 20, 2020 - 11:30 am Economy, Gasoline, International