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Russia turns to Indian gasoline as war disrupts its refineries
world5 days ago

Russia turns to Indian gasoline as war disrupts its refineries

Russia has begun importing gasoline from India after Ukrainian strikes damaged refineries and depots, with Moscow imposing purchase limits and seeking additional imports from Belarus and Kazakhstan; Ukraine reports missile strikes on Kyiv and other cities, while broader war-related and political developments continue—including a corruption probe in Ukraine, Nord Stream investigations, and ongoing prisoner exchanges alongside a UN aid mission to Kherson.

via The Guardian|
#gasoline#imports#india
Iran weighs gasoline rationing as fuel deficit widens
economy-and-environment8 days ago

Iran weighs gasoline rationing as fuel deficit widens

Iran is weighing three gasoline-rationing options to curb consumption as a daily shortfall grows beyond production (about 121 million liters) and demand (about 135 million), driven by war damage and import hurdles: cap station supplies at 121 million liters per day, impose stricter vehicle quotas with market-rate top-ups, or shift quotas to individuals (roughly 30 liters per person per month) while reserving some for public transport; no immediate subsidized-price changes have been announced, and a halted Kerman test underscores political risk. If production cannot rise, the deficit could widen to around 70 million liters per day within three years, implying costly investments and ongoing policy battles between hardliners and reformists.

via Iran International|
#economy-and-environment#energy-policy#gasoline
Mid-August gas shock hits wallets as prices surge to fresh highs
oil-gas-and-consumable-fuels13 days ago

Mid-August gas shock hits wallets as prices surge to fresh highs

Gasoline prices rose to a mid-August high, with the national regular-gas average at $4.03/gal (AAA), about 16 cents higher than a month ago, and 103 days this year at or above $4.00—the most since 2022. WTI near $82/bbl and Brent near $88, keeping prices volatile amid tensions over the Strait of Hormuz and attacks in the Red Sea. The July gasoline index fell 2.9% from June but remains up about 24.6% year over year; analysts say pump prices could stay elevated into fall, potentially $3.60–$3.90/gal if hurricanes stay away.

via Yahoo Finance|
#gas-prices#gasoline#inflation
July inflation cools in the US as food and energy costs ease
business13 days ago

July inflation cools in the US as food and energy costs ease

US inflation eased in July, rising 3.4% from a year earlier (down from 3.5% in June) with a 0.1% monthly increase driven mainly by housing costs. Gasoline prices fell 2.9% from June but were up 24.6% year over year, while food prices rose only modestly and energy prices fell. Core inflation excluding food and energy rose 0.2%. Analysts say inflation is decelerating rather than rebounding, keeping the Federal Reserve on a cautious path, with markets largely calm as expectations align with steady rates. The report notes energy volatility and rent effects on the headline figure, underscoring the ongoing challenge for price stability.)

via BBC|
#business#energy-prices#fed-policy
Gas price relief hints at modest July CPI gain, inflation still above target
economy13 days ago

Gas price relief hints at modest July CPI gain, inflation still above target

July US consumer prices likely rose modestly as gasoline costs eased, with the CPI seen up about 0.1% for the month and roughly 3.4% higher year over year; core CPI is expected to rise 0.2% month-over-month (about 2.5% YoY). The softer energy backdrop, including gasoline around $4.06/gal in July, keeps inflation above the Fed’s 2% target and maintains debate over potential rate moves later this year.

via Yahoo Finance|
#cpi#economy#fed
Refining bottleneck turns oil surplus into a gasoline crisis
business1 month ago

Refining bottleneck turns oil surplus into a gasoline crisis

Despite ample crude supply, the global risk now lies in refining capacity for fuels like gasoline. War-related damage to refineries, strikes, and production shifts have constrained processing, with global refineries output about 8.4 million barrels per day below prewar levels. China’s reduced refinery activity, U.S. and Russia energy moves, and ongoing Hormuz traffic disruptions mean gasoline and diesel shortages persist even as crude can flow to where it’s needed, keeping fuel prices higher for longer.

via CNN|
#business#gasoline#iran
Ukraine strikes push Russia’s gasoline crunch into a market squeeze, data shows
business1 month ago

Ukraine strikes push Russia’s gasoline crunch into a market squeeze, data shows

Meduza analyzes SPIMEX trading data from January–early July 2026 to quantify Russia’s gasoline shortage driven by Ukrainian strikes on refineries. About 35 refineries are operating of 39 commissioned; strikes damaged primary processing units, sharply reducing delivery-base volumes (e.g., Moscow ~4,400–400 tons/day; Taneco ~56% drop; Norsi ~63%; Kinef ~80%), while overall exchange volumes for gasoline and diesel fell from ~118–150k tons/day early 2026 to ~80k in June and prices rose about 146% from January. Russia has begun importing gasoline (at least 60,000 tons from India) and is tightening export restrictions; the exchange quota was cut from 15% to 10% in July 2026. Repairs are slow due to sanctions and parts shortages, and the crisis shows no immediate end.

via Meduza|
#business#gasoline#refineries
U.S. drivers fuel growth as global oil demand cools
business1 month ago

U.S. drivers fuel growth as global oil demand cools

Global oil demand is easing, but U.S. gasoline consumption rose in the second quarter, even as pump prices exceed $4.50 per gallon. Analysts say driving remains strong in the U.S. due to a shrinking share of household income spent on fuel and more people returning to in-office work, while refinery damage in Russia and the Middle East helps keep refined-product prices high.

via AP News|
#business#gas-prices#gasoline
May Drone Fuel Bill Highlights 545,000 Liters Spent Fueling Shaheds Amid Russian Shortages
defense1 month ago

May Drone Fuel Bill Highlights 545,000 Liters Spent Fueling Shaheds Amid Russian Shortages

Defense Express reports that, amid Ukrainian strikes on fuel infrastructure, Russia used about 545,000 liters of gasoline in May to power long-range drones: roughly 4,900 Shahed-type Geran-2 drones at an average 105 liters each plus about 32,000 liters for decoy Gerberas; by June 26, about 3,100 Shahed-2 drones were launched in 26 days, estimated at ~329,000 liters for Shaheds and ~21,000 liters for Gerberas, totaling ~350,000 liters for the month so far.

via Defense Express|
#defense#gasoline#geran-2
EIA Signals Big Draw as U.S. Crude Stocks Drop 8 Million Barrels
energy2 months ago

EIA Signals Big Draw as U.S. Crude Stocks Drop 8 Million Barrels

The EIA reported an 8.0-million-barrel decline in U.S. crude inventories for the week ending May 29, lowering stockpiles to 433.7 million and 3% below the five-year average. API had flagged a 6.75-million-barrel draw the day before. In early trading, Brent rose to about $98.24/b and WTI to $95.99/b. Gasoline stocks rose 3.4 million barrels and distillates 1.5 million, while overall demand (Total Products Supplied) averaged 20.4 million bpd over the past four weeks, up 3% year over year.

via Crude Oil Prices Today | OilPrice.com|
#crudeoil#eia#energy
US Crude and Gasoline Inventories Sink as SPR Draws Down
energy2 months ago

US Crude and Gasoline Inventories Sink as SPR Draws Down

API data show US crude inventories dropped 2.8 million barrels in the week ending May 22 (after a 9.1 million-barrel decline the prior week), with the SPR at 365.1 million barrels—the lowest level since April 2024. U.S. production slipped to about 13.702 million bpd; Brent and WTI were trading lower (around $95.46 and $89.66, respectively). Gasoline inventories fell by about 3.2 million barrels, distillates rose 1.1 million, and Cushing storage fell roughly 2.875 million barrels. Overall, inventories remain below five-year averages for gasoline and distillates amid an ongoing supply imbalance.

via Crude Oil Prices Today | OilPrice.com|
#api#crude#eia
Energy-Driven Jump in PPI Signals Persistent Inflation for April
business3 months ago

Energy-Driven Jump in PPI Signals Persistent Inflation for April

U.S. producer prices rose 1.4% in April—the largest monthly gain since March 2022 and lifting the year-over-year increase to 6%, the strongest since December 2022—driven by a 7.8% surge in final-demand energy and a 15.6% jump in gasoline. Core PPI (excluding food and energy) rose 1.0%, while services climbed 1.2% with a 2.7% rise in trade services and a 3.5% jump in margins for machinery and equipment wholesaling, signaling broad inflation pressures tied to energy costs and tariff effects.

via CNBC|
#business#energy#gasoline