Tag

Gasoline

All articles tagged with #gasoline

economy1 hour 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

economy11 days 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

business11 days 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

energy14 days 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

energy16 days 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

energy16 days 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

business21 days 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

business21 days 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

business26 days ago•2 min saved

Oil markets reel as Iran conflict threatens supply and pumps prices higher

US and global oil prices remain volatile as strikes on Iran extend and Hormuz disruptions threaten supply, with Brent around $103–106 a barrel and US crude fluctuating. Analysts warn average US gasoline could reach roughly $3.80–$3.85 per gallon, with $4 not ruled out, and diesel around $5.05–$5.15. California prices have topped $5 a gallon, and some Los Angeles stations exceed $8, as executives warn that the supply squeeze could persist and broader market volatility could continue.

via The Guardian|

#business #energy #gasoline

world28 days ago•6 min saved

Hormuz Blockade Sparks Global Oil Rally, Hits U.S. Gas Prices

The Strait of Hormuz disruption, condemned by Iran and tied to U.S.-Israel strikes, is driving a global oil price surge that modestly but visibly raises U.S. pump prices (gasoline around $3.50/gal, up about 19% since late February). While the U.S. is a major producer with relatively small Persian Gulf imports, the global nature of oil markets means prices rise with any disruption. About 20 million barrels per day passed through Hormuz in 2025, mostly headed to Asia, and the IEA warned prolonged outages could trigger shortages. In response, nations authorized extraordinary reserve releases (IEA ~400 million barrels; U.S. SPR ~172 million barrels) to stabilize markets as the conflict continues.)

via FactCheck.org|

#gasoline #hormuz #iea

business1 month ago•314 min saved

Oil breaches $100 as Iran conflict tightens global supply

Oil prices surged above $100 a barrel for the first time in years as the war with Iran raises supply concerns, with the Strait of Hormuz near-shut and spare capacity effectively erased, leaving the market vulnerable to further gains. Analysts warn there’s little cushion to absorb disruption and note that gasoline prices have climbed by about 50 cents per gallon. While some futures imply a easing later on, traders fear the conflict could push Brent toward the high $100s and even to $150 if the strait remains closed; governments are discussing reserve releases and naval escorts, but a quick resolution isn’t expected, and the world still sits on a fragile, war-affected supply chain.

via CNN|

#business #gasoline #iran

business1 month ago•2 min saved

U.S. Gas Prices Jump 17% as Middle East Conflict Tightens Oil Supply

Gasoline in the U.S. rose to about $3.48 per gallon, roughly 17% higher since the late February start of clashes in the Middle East, as crude prices topped $100 and Persian Gulf supply tightened. Prices vary by state (California around $5.20/gal, Kansas about $2.92/gal), and further increases are likely while crude stays elevated.

via The New York Times|

#business #economy #energy

energy1 month ago•5 min saved

Midwest and South face steep fuel hikes as Middle East tensions ripple through US gas

U.S. pump prices jumped more than 10% this week as crude oil rose above $90 a barrel amid the U.S.-Israel-Iran conflict, with the Midwest and South hardest hit; AAA data put regular gasoline at about $3.32/gal and diesel at $4.33/gal—the highest in months—and analysts warn prices could climb further toward $3.50-$3.70/gal if oil stays elevated and supply disruptions persist, aided by Middle East turmoil, demand for U.S. exports, and seasonal factors.

via Reuters|

#diesel #energy #fuel-prices

business1 month ago•2 min saved

Oil rallies as Iran strikes trigger market shock, with limited relief from sanctions

Oil prices jump on Iran-related strikes, with Brent near $89 and U.S. gasoline averaging about $3.32/gal after a 32-cent weekly rise. The Trump administration imposed a short-term sanctions waiver to let Indian refiners buy more Russian oil, a move some analysts see as insufficient to calm markets. Experts say a sustained price drop hinges on resumed oil flows through the Strait of Hormuz, while Saudi shipments help but don’t fully offset the disruption.

via Axios|

#brent-crude #business #gasoline

business1 month ago•2 min saved

Oil spikes as Iran tanker attack claims tighten Hormuz supply risk

Oil prices surged to multi‑week highs after Iran claimed a tanker strike, with traffic through the Strait of Hormuz at a standstill and fears of supply disruption rising. WTI topped $80 and Brent approached $85 as U.S. gasoline prices climbed about 27 cents in a week. President Trump signaled further actions to ease oil pressure, while authorities assess security risks affecting roughly a fifth of global oil flows.

via CNBC|

#business #gasoline #iran