Post Tagged with: "summer"

Source: Reuters

U.S. gasoline markets point to bad news for Biden this summer

World Oil


(Bloomberg) –The gasoline market is painting a picture of tight supplies this summer — the last thing Joe Biden will want to see as he tries to contain high fuel prices.

On the New York Mercantile Exchange, futures …

Texas Power Prices Triple as Heat Wave Expected to Boost Demand to Record Highs

Texas Power Prices Triple as Heat Wave Expected to Boost Demand to Record Highs

From Reuters


Spot power prices in Texas almost tripled for Tuesday on forecasts demand for electricity would hit record levels over the next week as consumers crank up their air conditioners to escape a heat wave blanketing much of the …