EIA again raises US fuel price outlook as demand destruction looms
Cuts global oil demand growth by 200,000 b/d on China, US Trims US oil supply by 100,000 b/d to 11.91 mil b/d in 2022 EU oil ban would lead to Continue Reading
USA Gasoline Price Hits New Record
The average price of regular gasoline in the U.S. hit a new record. The average price of regular gasoline in the U.S. hit a new record of $4.37 per gallon Continue Reading
U.S. House passes $40 bln bill to bolster Ukraine against Russian invasion
The U.S. House of Representatives approved more than $40 billion more aid for Ukraine on Tuesday, as Congress races to keep military aid flowing and boost the government in Kyiv Continue Reading
California’s Water Use Soars Despite Pleas for Conservation
California’s water use in March was the most for that month since 2015 despite pleas for conservation amid a record dry start to the year. Water used by residents to Continue Reading
Record High Diesel Prices Will Ripple Across The Economy
Diesel prices have hit record highs due to very tight domestic inventories and a global supply shortage. A combination of spiking demand as the world recovers from Covid and falling Continue Reading
U.S. retail gasoline prices hit new record, as refiners struggle to meet demand
Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent Continue Reading
California drought could wither many Los Angeles lawns
From behind the wheel of his work van, Fernando Gonzalez took in the immaculate front yard amid the arid and affluent hills north of Los Angeles. The red and white Continue Reading
U.S. Natural Gas Prices Get Caught Up In Perfect Storm
U.S. front-month Henry Hub natural gas contracts ended 12% lower on Monday. Gas prices have passed the $8 mark last week as a result of soaring exports and strong domestic Continue Reading
Calf Canyon fire in New Mexico spreads as strong winds blow
Strong winds continued into the day Sunday, helping spread the second-largest wildfire on record in New Mexico farther into small farming communities in the state’s mountain valleys, as crews expect Continue Reading
NOPEC Bill Could Send Prices At The Pump Even Higher
White house cautiously weighs implications of NOPEC bill. NOPEC bill could lead to higher prices of imported crude to the U.S. The NOPEC bill could end the dominance of the Continue Reading