Articles for Gasoline Prices

California regulators are pressed to come clean on gasoline prices
1 month, 2 weeks ago

California regulators are pressed to come clean on gasoline prices

LA Times  

California regulators are poised to vote Friday on a measure intended to accelerate the state’s transition away from fossil fuels by imposing tougher carbon-reduction requirements for gasoline and diesel. She wants “an independent review to ensure transparency and accountability in the regulatory process.” On Friday, the air board will vote on tighter carbon-reduction rules that, according to the board’s own …

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Gasoline price-hike issue: California Republicans in U.S. House demand delay in state board vote
1 month, 4 weeks ago

Gasoline price-hike issue: California Republicans in U.S. House demand delay in state board vote

LA Times  

— California’s Republican delegation in Congress calls on state air board to delay Nov. 8 vote on new policies that could raise gasoline prices. All 12 California Republicans in the U.S. House of Representatives have sent a letter to the California Air Resources Board demanding it delays a Nov. 8 vote on policies that will increase the price of gasoline. …

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Republicans urge air board to delay vote on new policies that could lead to gasoline price hikes
2 months, 1 week ago

Republicans urge air board to delay vote on new policies that could lead to gasoline price hikes

LA Times  

Republican lawmakers are urging California environmental regulators to delay action on new policies that could push gasoline prices up by nearly 50 cents a gallon. Republican state legislators on Tuesday sent a letter to CARB’s chair urging the board to delay the Nov. 8 vote until it addresses in detail the potential cost to gasoline buyers. It deemed “absurd” CARB’s …

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As Newsom urges refinery controls, California regulators consider hike in gas prices
2 months, 2 weeks ago

As Newsom urges refinery controls, California regulators consider hike in gas prices

LA Times  

Gavin Newsom wages a high-profile campaign to prevent sudden spikes in gasoline prices, California air regulators are quietly pushing through a policy change of their own that could raise pump prices by almost a half-dollar a gallon or more. “And certainly, if CARB is creating regulations that will increase gas prices, we’re going to have to take a look at …

Policy Board Costs Air Gas Fuel Prices
Israel could bomb Iran’s oil. Energy markets are noting it but not panicking.
2 months, 3 weeks ago

Israel could bomb Iran’s oil. Energy markets are noting it but not panicking.

Politico  

“For those of us who spend our lives looking at the effects of a crisis on oil prices, obviously the past 10-plus years have been a complete washout,” said Michael Knights, an analyst at the think tank The Washington Institute for Near East Policy. Saudi Arabia, the United Arab Emirates, Libya and other oil producers have spare production capacity, which …

Global Russia Oil Attack Prices Iran Saudi Arabia
How will the state manage the slow death of California’s gasoline industry?
2 months, 4 weeks ago

How will the state manage the slow death of California’s gasoline industry?

LA Times  

It’s becoming increasingly clear in Sacramento: The administration of Gov. Under immediate consideration: a bill that would allow the state to set minimum levels of gasoline storage at California’s refineries. “The State of California would purchase and own refineries in the State to manage the supply and price of gasoline,” reads a report issued in draft version in May by …

Energy Industry Prices Storage California State Legislature
Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump
7 months ago

Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump

Associated Press  

WASHINGTON — The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer. The move, which the department said is intended to help “lower costs for American families and consumers,″ follows a mandate from Congress to sell off the …

Energy Northeast Congress Prices Biden Million Bid
Georgia Gov. Brian Kemp is suspending state gas and diesel taxes again
1 year, 3 months ago

Georgia Gov. Brian Kemp is suspending state gas and diesel taxes again

Associated Press  

ATLANTA — Georgia’s governor is again suspending state taxes on gasoline and diesel fuel, declaring a legal emergency over higher prices. “While high prices continue to hit family budgets, hardworking Georgians deserve real relief.” Kemp told state agencies they could propose more spending using Georgia’s surplus funds, but Tuesday’s action shows further tax cuts may be Kemp’s favored way to …

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Thousands take to Colombia’s streets to protest 50% increase in gasoline prices
1 year, 3 months ago

Thousands take to Colombia’s streets to protest 50% increase in gasoline prices

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thousands of protesters on cars …

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Biden delays plans to restock nation’s emergency oil reserve
1 year, 4 months ago

Biden delays plans to restock nation’s emergency oil reserve

Associated Press  

WASHINGTON — The Biden administration is delaying plans to restock the nation’s emergency oil reserve amid a price hike that has pushed oil above $80 a barrel. The administration said it remains committed to refilling the reserve, which President Joe Biden significantly drained last year in a bid to stop gasoline prices from rising amid production cuts by OPEC and …

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Biden delays plans to restock nation’s emergency oil reserve
1 year, 4 months ago

Biden delays plans to restock nation’s emergency oil reserve

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Biden administration is …

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Oil producers’ cuts could boost gasoline prices, help Russia
1 year, 8 months ago

Oil producers’ cuts could boost gasoline prices, help Russia

Associated Press  

FRANKFURT, Germany — Major oil-producing countries led by Saudi Arabia said they’re cutting supplies of crude — again. The decision by oil producers, many of them in the OPEC oil cartel, to cut production by more than 1 million barrels a day comes after prices for international benchmark crude slumped amid a slowing global economy that needs less fuel for …

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Oil producers' cuts could boost gasoline prices, help Russia
1 year, 8 months ago

Oil producers' cuts could boost gasoline prices, help Russia

Firstpost  

Russia is joining in by extending its own cuts for the rest of the year. In theory, less oil flowing to refineries should mean higher gasoline prices for drivers and could boost the inflation hitting the US and Europe Major oil-producing countries led by Saudi Arabia said they’re cutting supplies of crude — again. In theory, less oil flowing to …

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Chevron CEO defends record profits as ‘modest return’ over time
1 year, 11 months ago

Chevron CEO defends record profits as ‘modest return’ over time

LA Times  

Chevron Chief Executive Mike Wirth pushed back on claims by President Biden that Big Oil’s record profits are being made on the back of the war in Ukraine and at the expense of the American people. The industry’s highest-ever cash haul should not be viewed in isolation because only three years ago it was “losing billions of dollars as prices …

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Prepare for more gas price hikes. Here’s why—and who’s to blame
2 years ago

Prepare for more gas price hikes. Here’s why—and who’s to blame

LA Times  

Cars drive past Marathon’s refinery in California. As California energetically attempts to decarbonize the state’s economy, some in Sacramento fear the plan faces a looming threat: astronomical gas prices that could fuel a massive public backlash. The issue was framed by Siva Gunda, the commission’s vice chair, when he kicked off the gas price hearing with an observation and an …

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EXPLAINER: What is the Strategic Petroleum Reserve?
2 years, 2 months ago

EXPLAINER: What is the Strategic Petroleum Reserve?

Associated Press  

DALLAS — President Joe Biden plans to release 15 million barrels of oil or more from the U.S. strategic reserves in an effort to stop gasoline prices from rising now that OPEC and its allies plan to cut production. America’s Strategic Petroleum Reserve is a collection of underground salt caverns in Texas and Louisiana that can hold more than 700 …

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White House 'plans to release another 15 MILLION barrels of oil' from the US's emergency stockpile
2 years, 2 months ago

White House 'plans to release another 15 MILLION barrels of oil' from the US's emergency stockpile

Daily Mail  

Joe Biden is planning to release up to 15million barrels of oil from the US's emergency oil reserves as he tries to stem soaring gasoline prices. President Biden is planning to release up to 15million barrels of oil from the United States' emergency oil reserves as he tries to stem soaring gasoline prices The oil release would be the latest …

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OPEC+ to debate large cut in amount of crude it ships to global economy
2 years, 2 months ago

OPEC+ to debate large cut in amount of crude it ships to global economy

The Hindu  

The OPEC+ alliance of oil-exporting countries on October 5 will debate a potentially large cut in the amount of crude it ships to the global economy — a move that could help Russia weather a looming European ban on oil imports and raise gasoline prices for U.S. drivers just ahead of national midterm elections. It’s unclear how much impact a …

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Inside the White House’s failed effort to dissuade OPEC from cutting oil production to avoid a ‘total disaster’
2 years, 2 months ago

Inside the White House’s failed effort to dissuade OPEC from cutting oil production to avoid a ‘total disaster’

CNN  

Washington CNN — The Biden administration launched a full-scale pressure campaign in a last-ditch effort to dissuade Middle Eastern allies from dramatically cutting oil production, according to multiple sources familiar with the matter. The ministers said the cuts were necessary “in light of the uncertainty that surrounds the global economic and oil market outlooks.” President Joe Biden told CNN’s Arlette …

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Biden to oil industry: Don’t raise prices due to hurricane
2 years, 2 months ago

Biden to oil industry: Don’t raise prices due to hurricane

Associated Press  

WASHINGTON — President Joe Biden on Wednesday warned oil and gas companies against increasing prices for consumers as Hurricane Ian lashed Florida’s southwest coast. “Do not, let me repeat, do not use this as an excuse to raise gasoline prices or gouge the American people,” Biden said at the start of a conference on hunger in America and just hours …

Florida Hurricane Biden Gasoline Prices Raise Prices
US gas prices tick up, ending 99-day streak of lower costs
2 years, 3 months ago

US gas prices tick up, ending 99-day streak of lower costs

Associated Press  

A 99-day run of falling gasoline prices — a streak that gave consumers a glimmer of hope that red-hot inflation might be cooling — has ended, with pump prices still much higher than a year ago. “I suspect that we will see choppy prices for gasoline through year end, with some down days and up days,” said Tom Kloza of …

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Gas prices are rising, with the Los Angeles County average jumping 8.5 cents overnight
2 years, 3 months ago

Gas prices are rising, with the Los Angeles County average jumping 8.5 cents overnight

LA Times  

The question now is whether pump price increases are just a blip or the precursor to the return of sustained higher prices. Los Angeles County’s average gas price rose Wednesday to $5.545 for a gallon of self-service regular, up 8.5 cents from the day before, AAA data show, as refinery problems accelerated increases that began nearly three weeks ago. He …

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Explained: Why gas prices in the US are falling and will they continue to fall?
2 years, 4 months ago

Explained: Why gas prices in the US are falling and will they continue to fall?

Firstpost  

Falling gas prices gave Americans a slight break from the pain of high inflation, with the average price dipping below $4. Most analysts don’t think prices will spike in the short term unless something unexpected happens United States consumers are breathing a bit easier now that gasoline prices have come down from record levels, but pump prices are still high, …

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Gasoline Prices Fall Below $4 a Gallon but Many Americans Still Fear a Possible Recession
2 years, 4 months ago

Gasoline Prices Fall Below $4 a Gallon but Many Americans Still Fear a Possible Recession

News 18  

Gas prices in the United States fell below $4 a gallon Thursday, retreating to their lowest level since March, a sign of relief for Americans struggling with historically high inflation and a political boost for President Joe Biden, who has been under pressure to do more to bring down prices. The decline below $4 per gallon “is providing much needed …

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