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Stories Tagged as

Gasoline

Summer gasoline demand is down, despite lower prices

by Elizabeth Trovall
Jun 20, 2024
With more efficient vehicles and fewer commuters, less gas is being consumed. But prices are still high for other aspects of summer travel.
Vehicles have generally become more energy-efficient, and there are fewer commuters on the road. Those factors may be keeping a lid on gasoline prices as travel season ramps up.
Scott Olson/Getty Images
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The U.S. exports more petroleum than it imports. So why are we importing at all?

by Caleigh Wells
May 13, 2024
It's largely about the chemistry of the oil and the mechanics of the refineries. In many cases, importing foreign crude is cheaper.
An oil pumpjack in Texas. Importing foreign crude oil is often cheaper for the United States.
Brandon Bell/Getty Images
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Strategic oil release comes with guaranteed buybacks, but will anyone do the drilling?

by Andy Uhler
Oct 20, 2022
Oil companies have been hampered by labor and capital costs and $70 a barrel may not be enough to lure them.
The White House plans to buy oil to refill the strategic petroleum reserve at roughly $70 per barrel — a break-even point for most on-shore U.S. oil producers.
Frederic J. Brown/AFP via Getty Images
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The new wrench in return-to-office plans? Gas.

by Matt Levin
Jun 17, 2022
Gasoline prices are fueling workers' resistance to go back to the office this summer.
Saul Loeb/AFP via Getty Images
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If oil prices are off their peaks, why are gas prices still rising?

by David Brancaccio , Alex Schroeder and Rose Conlon
May 18, 2022
"Gasoline prices and diesel prices are going to be very high through the summer, potentially higher than they are today," says Bloomberg's Javier Blas.
Scott Olson/Getty Images
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To drill or not to drill, that is the question with oil at $80 a barrel

by Andy Uhler
Oct 11, 2021
So far, big oil companies are in the "not" camp.
As the rally in oil prices continues, independent drillers are expanding their investments in Texas’ Permian Basin, but so far, industry giants are on the sidelines.
Paul Ratje/AFP via Getty Images
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Pain at the pump? Think Iran.

by Scott Tong
Jun 21, 2021
Yes, the economy is reopening globally. But gasoline prices are also affected by Iran's latest election.
The price of crude oil has risen $3 to about $75 per barrel since Iran elected Ebrahim Raisi president last week.
Justin Sullivan via Getty Images
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Examining the toxic history of flame retardants

by David Brancaccio , Daniel Shin and Redmond Carolipio
Aug 17, 2018
A look at how the flame retardant industry came to touch so many objects in our lives.
A fire-fighting air tanker drops fire retardant on the deadly 40,000-acre Esperanza Fire in the San Jacinto Mountains on Oct.28, 2006 west of Palm Springs near Banning, California. 
David McNew / Getty Images
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A single pipeline leak slows the Southeast

by Jed Kim
Sep 19, 2016
Many kinds of disconnects impact pipelines these days: some physical, others cognitive.
JOE KLAMAR/AFP/Getty Images
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Gas is below $2 a gallon, so where's the savings going?

by Mitchell Hartman
Dec 21, 2015
Drivers are saving at the pump, but they're not spending more elsewhere.
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