More than 50 Lukoil gas stations in New Jersey and Pennsylvania jacked up prices to more than $8 a gallon Wednesday to protest what they say are unfair pricing practices by Lukoil North America that leave them at a competitive disadvantage.
Gasoline Prices
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The U.S. economy grew at an annual rate of just 1.5 percent from April through June, as Americans cut back sharply on spending. The slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.
Congress and the Federal Reserve aren’t likely to provide any meaningful stimulus to the economy. But your corner gas station might.
Oil prices fell more than $2 a barrel Monday, hitting a five-month low as worries over Greece and JPMorgan’s big loss spooked traders.
U.S. crude sank below $94 a barrel early Monday before recovering slightly. Keep reading →
It’s hard to avoid the issue of gasoline prices during an election year. But in an effort to avoid gasoline altogether, some large companies are avoiding the issue altogether by cashing in on significant fuel cost savings and accelerating moves to switch over their vehicle fleets to run on compressed natural gas.
In the Dallas-Fort Worth area of Texas, companies like AT&T and Verizon have teamed up with Clean Energy Fuels to save roughly $1.50 to $2.00 per gallon on fuel by converting to CNG. This video features Ken Nicholson, General Manger of Clean Energy Fuels in Dallas discussing the benefits of CNG and Brent Pope, Director of Sales for BAF Technologies talking about how his company converts gasoline and diesel fueled vehicles to run on CNG. Keep reading →
When gasoline prices began to spike earlier this year, the popular opinion was that oil prices would continue to climb into the peak summer travel season.
Methanol is the simplest form of alcohol and could help lower gasoline prices. Department of Energy Assistant Secretary for Policy and International Affairs David Sandalow recently spoke about the benefits and challenges associated with using methanol as a transportation fuel.
Methanol can be produced from a variety of feedstocks – including natural gas – which makes it much cheaper than an equivalent gallon of gasoline or diesel at current prices. However, there are technical, infrastructural and regulatory challenges to widespread distribution and consumption of methanol in the US. Keep reading →
Demand for fuel-efficient cars shot higher in March, as consumers sought relief from climbing gas prices.
As a result, Detroit automakers are finally winning the competition with their overseas rivals in this important part of the auto market. Keep reading →
You might think rising gasoline prices at a time of flat demand and surging domestic oil production would convince Americans that we need to find alternatives to oil. But no. A new survey shows the public increasingly tilting toward doubling down on oil, on the apparent assumption that if the United States just produces even more, all our $2.50-a-gallon dreams will come true.
A Pew Research Center survey conducted this month found 52 percent of Americans consider developing alternative energy a more important priority than expanding domestic fossil fuel exploration (coal, oil, natural gas), down from 63 percent a year ago. Keep reading →
President Obama ratcheted up the pressure on Iran Friday, deciding to implement previously announced sanctions that will be the toughest to date.
The decision declares that world oil markets can be adequately supplied even if a significant portion of Iran’s 2.2 million barrels a day in oil exports is taken off the table. Keep reading →
