Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a serious risk even without war, energy and maritime experts say. On Friday, Iran seized a British-flagged oil tanker in the narrow passageway that carries one-fifth of the world's crude exports and a second Liberian-flagged ship was briefly detained. "If
Mexico sends 600,000 to 700,000 barrels of oil to the U.S. every day.
General Motors' VP of global propulsion systems said drivers would get around three-percent better fuel economy using engines designed to run on premium.
Much refining capacity is offline, and pipelines have been throttled back.
US gasoline demand has been weaker than expected this year, but a growing economy and relatively cheap pump prices have the energy industry expecting record demand again this summer driving season, which should help drain the global oil glut. Gasoline demand in the first two months of 2017 was down 2.1 percent from a year ago, according to the US Energy Information Administration. The US gasoline market accounts for roughly 10 percent of global oil consumption, so American motorists h
It's not just your imagination playing tricks on you.
US fuel consumption may "fall" to 7 million barrels a day by 2035 if EVs account for a third of new-car sales.
Gas prices may be rising, but a gallon of gas this Memorial Day is still the cheapest it's been during the holiday since 2005.
Who says the American love affair with cars is dead? Gasoline is cheap, and Americans are driving more miles than ever. New data shows that motorists in the United States paid their cheapest quarterly gas prices in 12 years in the first three months of 2016.
Ford looks into the future of low gas prices and sees room for four new SUVs. This is what people want, Ford believes, and so that's what they'll get.
PIA's executive director writes that plug-in vehicles don't need high gas prices to survive. They're simply more fun, and that's what it takes to win.
A price war in Michigan recorded gas prices as low as 47 cents a gallon on Sunday. That said, fuel prices have since returned to more normal levels.