Tag

Gasprices

All articles tagged with #gasprices

business2 days ago•2 min saved

PepsiCo’s Q2: Growth Abroad Offsets U.S. Slump, Keeping Outlook Intact

PepsiCo posted a mixed Q2: revenue rose 6.4% to $24.18 billion and adjusted EPS of $2.20 (vs $2.21 expected), with GAAP EPS of $2.18 on $2.98 billion net income. Global volumes grew, led by a 3% rise in food and 2% in beverages, but North American food was flat and beverages fell 4%. The strength abroad helped, but domestic demand weakened amid inflation and higher gas prices. The company kept its full-year forecast for organic revenue growth of 2–4% and core EPS up 4–6%, aided by prior price cuts and brand restaging; shares fell about 4% after the report.

via CNBC|

#business #earnings #gasprices

economy6 days ago•48 min saved

Money-minded travelers trade flights for road trips to boost local spots this summer

High airfares and gas prices are pushing Americans toward closer-to-home trips, boosting drive-to destinations and local businesses this summer. AAA projects most travel will still be by car, with places like Kansas City, Lake Tahoe and Asheville seeing more day-trippers and budget-friendly visits—as some locals cook at rentals to save money. If the trend persists, domestic tourism could rise and help narrow the travel deficit by shifting spending toward small, regional businesses.

via Fortune|

#airfare #domestictravel #economy

politics15 days ago•24 min saved

Trump calls DOJ probe into Big Oil for price gouging amid high gas prices

Former President Donald Trump says major oil companies—Chevron, ExxonMobil, BP and Shell—are not cutting pump prices despite lower crude costs and has directed the DOJ to investigate alleged price gouging. The piece notes oil firms backed his 2024 campaign with substantial sums (about $96 million directly, with total industry spending around $445 million for the cycle), marking a sharp reversal from his earlier outreach to the fossil-fuel sector. Gas prices remain elevated due to factors like supply chain and refining costs, and analysts say price relief can lag crude prices, a dynamic that frames the political calculus ahead of midterms.

via Yahoo Finance|

#bigoil #dojinvestigation #gasprices

business2 months ago•38 min saved

Gas Price Hikes Push Budget Diners Toward McDonald’s and Taco Bell

Rising gasoline costs are squeezing lower‑income households and nudging them toward cheaper fast‑food options, helping McDonald’s and Taco Bell gain share as drive‑thru and value menus become the more affordable dining choice.

via Forbes|

#business #consumerspending #fastfood

business2 months ago•4 min saved

US hits record crude exports as global disruption keeps prices elevated

The United States exported a record amount of crude in April (about 5.3 million bpd on average, peaking at 6.4 mbpd) as global supply gaps from the Iran conflict encouraged overseas sales, with SPR withdrawals totaling about 23 million barrels; despite the surge, Brent crude stayed above $100 and WTI near $95, and the national gas price hovered around $4.54/gal. Analysts say keeping more oil in the US won’t automatically lower pump prices due to refinery capacity limits and global pricing, and future prices depend on how long Middle East disruptions last and whether producers increase output.

via USA Today|

#business #gasprices #middleeastconflict

politics3 months ago•4 min saved

Poll: Americans Say U.S.-Iran Conflict Has Gone Too Far

A new AP-NORC poll shows about 60% of Americans believe U.S. military action in Iran has gone too far, with rising concern about gas costs and broad support for preventing Iran from obtaining a nuclear weapon. Trump’s overall approval remains steady, but the war could become a political liability, as most Americans oppose expanding the conflict, prefer keeping oil prices low, and show party-line differences on escalation.

via PBS|

#gasprices #iran #politics

politics3 months ago•9 min saved

Poll: Americans want a quick end to Iran conflict and oppose regime remaining in power

A CBS News/YouGov poll of 3,335 U.S. adults (Mar 17–20, 2026) finds Americans want Iran’s nuclear program halted, the Iranian people freed, and deem it unacceptable to end the conflict with the regime still in power. They want the war to end quickly, but rising gas prices and concerns about the economy temper optimism, with many viewing the action as a war of choice and calling for more explanation from the Trump administration. Views on duration vary, and disapproval grows as the conflict drags on, while MAGA Republicans broadly back the president.

via CBS News|

#economy #gasprices #iran

business3 months ago•3 min saved

Oil Clears the $100 Barrier as Iran Conflict Persists

U.S. crude surged above $100 a barrel and Brent around $106 as the Iran-related conflict shows no sign of ending, even after the IEA released a record 400 million barrels to calm markets. Prices have climbed about 50% since the war began, with national gas averages near $3.70 per gallon. Ongoing fears over the Strait of Hormuz and Iranian attacks suggest the rally could continue, while officials discuss potential tanker escorts but provide few details.

via NBC News|

#business #gasprices #iranconflict

business4 months ago•3 min saved

Oil climbs above $100 as Iran conflict triggers historic supply disruption

Oil prices surged over 7% after the IEA warned the U.S.–Israel conflict with Iran has caused the largest supply disruption in global oil markets, with the Strait of Hormuz at risk of prolonged closure. Brent crude topped $100 a barrel and U.S. crude traded above $95 as stocks fell and gasoline costs rose. The IEA and allies coordinated a 400-million-barrel release, including 172 million barrels from the U.S., but analysts say prices could remain elevated or rise further if flows stay constrained.

via NBC News|

#business #gasprices #iea

environment1 year ago•11 min saved

California's New Fuel Standards Set to Increase Gas Prices

The California Air Resources Board approved new clean air standards expected to raise gas prices, sparking criticism from lawmakers over transparency and environmental groups for insufficient pollution reduction. The updated Low Carbon Fuel Standard aims to cut transportation emissions by 30% by 2030, adding costs to oil refiners likely passed to consumers. Despite concerns over affordability and transparency, the standards are seen as crucial for transitioning to electric vehicles, with ongoing oversight promised to address potential negative impacts.

via KCRA Sacramento|

#airresourcesboard #california #cleanair

energy1 year ago•2 min saved

Trump's Potential Impact on Oil Prices and Market Uncertainty

The re-election of former President Trump could benefit oil companies by rolling back regulations, but may also lead to higher gas prices if he imposes stricter sanctions on Iran, affecting global oil supply. Analysts suggest that while US refining capacity has not returned to pre-pandemic levels, potential geopolitical tensions could cause price spikes. However, gas prices are expected to remain around $3 per gallon, with possible decreases by the end of the year.

via New York Post |

#energy #gasprices #oilcompanies

economy2 years ago•3 min saved

"U.S. Gas Prices Dip Below $3 as Fuel Costs Continue to Decrease Nationwide"

Gas prices in the U.S. have dropped below $3 a gallon at the majority of stations, a level not seen since May 2021. This decrease is influenced by seasonal factors such as weak post-holiday demand and is expected to last until refineries begin maintenance and switch to costlier blends. Despite brief oil market disruptions due to tensions in the Red Sea and Houthi rebel attacks, oil prices remain subdued, with Brent crude around $76.54 a barrel and U.S. crude at $70.96. The current low gas prices, including diesel falling below $4 a gallon, are beneficial for the economy by reducing shipping costs. However, prices are anticipated to rise again by Memorial Day, potentially increasing by 35 to 85 cents per gallon.

via CBS News|

##economy #energy

energy-and-environment2 years ago•1 min saved

"Analysts Forecast Continued Decline in Gas Prices into 2024 Amidst EV Rise and Surging Fuel Stocks"

The U.S. Energy Information Administration forecasts that electricity generation from solar and wind will surpass coal for the first time in 2024, with solar expected to see a 39% increase from 2023. This shift towards renewable energy sources is set to reduce the carbon footprint of electric vehicles (EVs), making them even more environmentally friendly. Concurrently, Gas Buddy predicts that U.S. gas prices will average $3.38 per gallon in 2024, a decrease from the 2023 average, potentially saving Americans $32 billion in fuel costs. However, the impact on EV drivers is uncertain due to recent electricity price hikes, which could affect the cost advantage of EVs over gasoline vehicles despite the anticipated drop in gas prices.

via Green Car Reports|

##electricvehicles #energy-and-environment