Gas Prices
Iranian hostilities could cause spike in global oil prices
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
How Trump's Mexico tariffs could increase fuel prices in the U.S.
Mexico sends 600,000 to 700,000 barrels of oil to the U.S. every day.
Automakers want to increase octane in regular gas to decrease emissions
General Motors' VP of global propulsion systems said drivers would get around three-percent better fuel economy using engines designed to run on premium.
Harvey hits Louisiana next, shuts more refineries — expect higher gas prices
Much refining capacity is offline, and pipelines have been throttled back.
Fuel efficiency causes dip in demand for gasoline
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
Thanksgiving traffic in 2016 is going to be even crazier than last year
It's not just your imagination playing tricks on you.
Gas reaches lowest prices in over a decade
Low gas prices make this the best July for a road trip in a long time.
Annual US fuel demand could fall 20% if EV sales surge
US fuel consumption may "fall" to 7 million barrels a day by 2035 if EVs account for a third of new-car sales.
Memorial Day gas prices will be the lowest in over a decade
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.
Americans enjoy cheapest gas prices in 12 years
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.
Cheap gas unlikely to get even cheaper
Russia and Saudi Arabia agree to hold production to January's near-record output, but with Iran's production ramping up, the effect on prices could be minimal. Still, we worry.
Ford's four new SUVs will include 'mini utility,' electric models
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.
Plug In America: Watch out gas cars, EVs are simply better
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.
Why fuel prices will stay low for the next decade
"You have to believe that there is a possibility that you will not necessarily go back above $100, you know, ever," said Ian Taylor, CEO of the world's largest independent oil trader.
Oil is now cheaper than the barrel it comes in
Crude trades for around $30 a barrel, but an oil drum will set you back about $99 each.
Northern Michigan town first to see sub-$1 fuel prices
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.