Tag

Gasoline

All articles tagged with #gasoline

business13 days ago•1 min saved

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

world16 days ago•13 min saved

JPMorgan Warns Iran-Driven Oil Shocks Put $5 Gas Within Reach

JPMorgan analysts say Iran-related oil shocks are tightening global fuel supplies, pushing gasoline toward $5 a gallon while US prices sit above $4 and diesel and jet fuel costs climb, ahead of the summer driving season as geopolitical tensions keep energy markets volatile.

via The Independent|

#diesel #gasoline #iran

markets18 days ago•4 min saved

Refinery bottlenecks push gasoline price risk toward $5 a gallon

JPMorgan’s energy team argues a bigger problem than elevated crude prices is tightening refined-product markets: refiners cutting runs in Asia and Europe, plus reduced Middle East gasoline exports, are pushing gasoline supply tighter while jet-fuel yields rise. The result is narrowing balances and higher pump prices, with US gasoline around $4.56/gal and the risk of $5/gal looming ahead of the summer driving season.

via Financial Times|

#energy #gasoline #jet-fuel

energy-and-climate19 days ago•3 min saved

Gas prices unlikely to return to pre-war levels for months, analysts warn

Analysts say even with a potential U.S.-Iran peace deal and any Strait of Hormuz reopening, U.S. pump prices are unlikely to return to pre-war levels quickly. Prices remain elevated due to global oil-market volatility and inventory costs, with relief expected in stages over months; a full return to pre-war levels might not occur until early/mid-2027, keeping prices higher through the midterm elections.

via Axios|

#energy-and-climate #gas-prices #gasoline

business19 days ago•4 min saved

Gas at $4.54/gal: U.S. Pump Prices Rise to Two-Year High on Middle East Disruptions

Gas prices across the U.S. rose to an average of $4.54 a gallon, the highest since July 2022, driven by Middle East supply disruptions tied to the Iran war and tight inventories, even as crude prices eased; analysts say prices may stay elevated for months, with forecasts suggesting Brent around $80 a barrel by year-end.

via CBS News|

#business #gas-prices #gasoline

world25 days ago•3 min saved

Gas Hits $4.30 a Gallon as Iran Tensions Persist, Trump Sees Prices Falling After War

AAA reports the US average price for gasoline at $4.30 per gallon, up about 27 cents in a week amid Iran tensions and a Strait of Hormuz blockade. Prices are roughly $1.12 higher than a year ago as crude stays above $100/barrel, with California topping $6.00. President Trump says pump prices will drop once the war ends, even as the ceasefire hasn’t immediately reduced costs and Iran denies seeking a nuclear weapon.

via Al Jazeera|

#gas-prices #gasoline #iran

energy26 days ago•28 min saved

California Refineries Tilt to Jet Fuel as Gasoline Shortage Deepens

California’s shrinking refinery fleet (11 plants today vs 23 in 2000) is prioritizing jet fuel and diesel over gasoline as margins favor middle distillates, pushing gasoline output toward a decade-low while imports surge due to tighter Asian/ Hormuz-linked flows. Jet cracks run high (~$85/bbl) with jet prices around $4.7–$4.8/gal and gasoline about $5.96/gal, aided by shipments from the UK and India amid Benicia/Wilmington closures and limited pipeline connectivity. Authorities are weighing temporary CARB waivers to ease import constraints in a longer-term supply squeeze.

via Crude Oil Prices Today | OilPrice.com|

#california #energy #gasoline

economy1 month ago•1 min saved

Gasoline surge pushes March inflation higher amid Iran-related price pressures

March CPI rose 3.3% year over year, driven by a 21% jump in gasoline prices; core CPI increased 0.2% for the month and 2.6% over 12 months, while food costs were flat. The energy shock is the primary driver of headline inflation, with non-energy inflation remaining modest. Potential follow-on price pressures could come from supply bottlenecks, as geopolitical tensions around Iran add to energy market volatility ahead of peace talks.

via Axios|

#cpi #economy #energy

economy1 month ago•16 min saved

U.S. Gas Prices Climb Above $4 a Gallon on Average

The national average price for regular gasoline in the United States has risen above $4 per gallon, the highest level since 2022, signaling renewed pressure on pump prices.

via AP News|

#economy #energy #gas-prices

business1 month ago•1 min saved

U.S. Gasoline Averages Break $4 a Gallon Amid Oil-Market Strain

U.S. average gasoline price rose to about $4 per gallon, a level not seen since August 2022, as Middle East tensions continue to choke Persian Gulf oil supplies. Since late February, the national average for regular unleaded has jumped roughly 35%, potentially forcing drivers to trim spending as pump costs bite into consumer budgets.

via The New York Times|

#aaa #business #energy-market

energy1 month ago•6 min saved

May E15 Waiver Expands Ethanol Fuel Amid Global Tensions

From May 1–20 the EPA is allowing a temporary nationwide E15 (15% ethanol) waiver to let more stations sell this blend in a bid to bolster the domestic fuel supply amid geopolitical tensions. E15 is cheaper but has lower energy density, typically shaving about 1.5–2% off fuel economy (more in heavy use), and can damage older engines and small equipment not designed for higher ethanol content. Most 2001+ vehicles can run E15, but carbureted engines and some specialty equipment should avoid it. The policy also aims to simplify fuel markets by lightening “boutique” blends into a single national pool, though smog concerns in summer remain a consideration. Readers should verify fuel choices for their specific vehicle and equipment.

via The Drive|

#e15 #energy #epa

energy2 months ago•15 min saved

EPA expands ethanol blend sales to curb fueling costs

The EPA plans to broaden the sale of E15, a 15% ethanol gasoline blend, to help lower pump prices, a move that could boost ethanol use while raising questions about vehicle compatibility and regulatory safeguards.

via AP News|

#e15 #energy #epa

energy2 months ago•3 min saved

EPA Expands E15 Access and Ditches Boutique Fuels to Stabilize Summer Gas Prices

The EPA, in coordination with the DOE and under the Clean Air Act, issued a temporary emergency waiver to allow nationwide sale of E15 and to remove state boutique fuel rules for E10, effective May 1–20, 2026, to bolster the U.S. fuel supply and reduce pump prices ahead of summer. The move relaxes low-volatility and blending limits and sets a nationwide 10 psi Reid Vapor Pressure standard, with E15 already available at about 3,000 stations. Officials say the action increases consumer choice and domestic energy independence while environmental protections remain intact, and the EPA may extend the waivers if conditions warrant.

via U.S. Environmental Protection Agency (.gov)|

#e15 #energy #epa

business2 months ago•6 min saved

California warns of price gouging as gas hits $9 a gallon at select stations

California’s petroleum market watchdog warns retailers to avoid price gouging as some stations charge well above the state average amid global tensions; reports of $7–$9 per gallon at spots have spurred monitoring and potential investigations for illegal conduct and market manipulation. California’s isolated market, environmental rules, and taxes keep prices high, and regulators say they will refer suspected abuses for prosecution, while shoppers are urged to compare prices across brands.

via Los Angeles Times|

#business #californiagasprices #energymarketoverwatch

business2 months ago•5 min saved

Saudi Officials Warn Oil Could Surpass $180 a Barrel if Iran Conflict Persists

Saudi oil officials warned that if supply disruptions from the Iran war last beyond April, crude prices could top $180 a barrel, with Brent around $103 as the Strait of Hormuz disruptions and energy attacks keep markets volatile. A prolonged conflict could hurt economies and inflation and lift US gasoline prices, even as some analysts warn prices may stay elevated longer and threaten demand. While there are hopes prices could ease by summer, experts say there are no guarantees, and warnings about Saudi perceived profiteering reflect the war's broader geopolitical costs.

via New York Post|

#business #gasoline #geopolitics