Energy Economy

Gas Prices Jump Above $3 in These 10 States Ahead of Memorial Day

A new report from AAA shows that 43 million Americans will travel over the holiday weekend. They will face fairly high gasoline prices, which will sting particularly in 10 states ...
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Oil Producers Have Finally Found a Way to Appear Environmentally Friendly — and It Doesn’t Cost Them a Thing

At its annual general meeting in Aberdeen, Scotland, this week, just over 99% of BP PLC (NYSE: BP) shareholders approved a binding resolution proposed by investor group Climate Action 100+ ...
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IEA Oil Demand Growth Estimate Dips

Global demand estimates for crude oil dropped by 70,000 barrels in 2018 and by 90,000 barrels a day in 2019, according to the latest Oil Market Report from the International ...
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Why Gas Prices May Fall by Up to 20 Cents by Memorial Day

U.S. retail gasoline pump prices fell by nearly four cents last week to a national average of $2.85 for a gallon of regular gas. Worries over a further slowing of ...
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Gas Prices Predicted to Fall by Memorial Day

Last year, the highest pump prices for gasoline came just ahead of the Memorial Day holiday weekend. The national average price reached $2.98 a gallon, but it didn't hit that ...
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EIA Raises Expectations for Crude Oil Prices and US Crude Production

In classical microeconomic theory, as supply goes up the price is supposed to come down. Things often get a lot more complicated in the real world, where macroeconomic shifts have ...
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Gas Prices Rise Again Despite Trump Stepping on the Tweet Brakes

U.S. retail gasoline pump price increases moderated again last week, rising by just 1.3 cents a gallon nationally to average $2.89. Falling prices for crude oil through last week were ...
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Gas Prices at 2019 High Ahead of Memorial Day

The national average pump price for a gallon of regular gasoline is a penny higher Wednesday than it was on Monday. At $2.90, the average is 20 cents a gallon ...
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Gas Prices Are Approaching 12-Month High

U.S. retail gasoline pump prices returned to their old groove of rising last week, following the first week in nearly two months when prices were flat. Last week, prices rose ...
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Study Outlines What Happens If Oil Hits $100 — and It’s a Mess

At the end of September last year, Brent crude oil briefly traded at a three-year high of around $85 a barrel. By the end of December, the price had dropped ...
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National Gas Prices Take a Break While California Tops $4 a Gallon

For the past two months, retail gasoline prices have been on a steady march higher, from a low of around $2.24 for a gallon of regular gasoline at the beginning ...
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Natural Gas Price Ticks Higher on Weather Outlook, Minimal Storage Growth

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stockpiles increased by 25 billion cubic feet for the week ending March 29. Analysts were expecting a ...
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Gas in California to Reach Prices Unseen in 5 Years

The average price for a gallon of regular gasoline hit $3.997 in San Francisco Thursday morning, according to GasBuddy. Prices are approaching $4 a gallon in several other cities, including ...
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Summer Gas Prices Will Be Lower This Year

For the past two months, retail gasoline prices have been on a steady march higher, from a low of around $2.24 for a gallon of regular gasoline at the beginning ...
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11 Years Since $100 Oil, Factors for Rise Are Back

Oil prices rose above $100 a barrel in 2008 and then hit $145.29 on July 3 that summer. Yet it seemed unimaginable that crude could pass the $100 mark again. ...
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