What’s Really Happening With Gasoline Demand?

What’s Really Happening With Gasoline Demand?

President Biden recently boasted on Twitter that gasoline prices in the United States have been falling for 50 days straight, noting this was the fastest decline in a decade. The president added a sort of infographic to his tweet informing us that 50 percent of gas stations sold gasoline for $3.99 or less a gallon. … Read more

What’s Really Happening With Gasoline Demand?

What’s Really Happening With Gasoline Demand?

President Biden recently boasted on Twitter that gasoline prices in the United States have been falling for 50 days straight, noting this was the fastest decline in a decade. The president added a sort of infographic to his tweet informing us that 50 percent of gas stations sold gasoline for $3.99 or less a gallon. … Read more

Oil Slips As Lockdowns Return To Parts Of Shanghai

Oil Slips As Lockdowns Return To Parts Of Shanghai

Oil prices inched lower early on Thursday in jittery trade as parts of Shanghai returned to COVID lockdowns just a week after reopening, overshadowing another drop in US gasoline inventories and strong fuel demand globally despite record-high prices. As of 10:43 am EST, WTI Crude was down 0.19% at $121.86, and the international benchmark, Brent … Read more

US Gasoline Prices Fall Slightly, But More Pain Is Coming

US Gasoline Prices Fall Slightly, But More Pain Is Coming

Gasoline prices in the United States have dropped to a national average of $4,087 per gallon, down from $4,114 a week ago, but with oil prices rising again on the Russia-Ukraine war and production shutdowns in Libya, prices at the pump could rebound again. A month ago, the national average at the pump was $4.274 … Read more