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What’s Next For America’s Strategic Petroleum Reserve?

Source: Robert Rapier - Apr 05, 2022, 3:00 PM CDT | OilNews.com This week, the American Petroleum Institute (API) estimated the inventory draw for crude…

A Tanker’s Giant U-Turn Reveals Strains in the Market for Russian Oil

Oil Tanker Takes a Meandering Path In the AtlanticSource: MarineTraffic.comhttps://www.nytimes.com/2022/04/02/climate/oil-tankers-russia.html The ship, originally sailing to Philadelphia, apparently lost its buyer in the middle of the…

Biden’s oil reserve plan only covers a third of Russia’s shortfall

London (CNN Business) Oil prices are pulling back sharply as investors gear up for the White House to potentiallyunleash a record amount of crude from…

Everyone is worried about gas prices, but diesel is driving inflation more than you think 

Now, with sanctions on Moscow, Russia's fuel exports to Europe are down and there is a global scramble for supply that has sent prices to…

Russia Threatens to Demand Rubles for Grain, Other Exports

Source: Bloomberg News March 30, 2022, 4:17 AM EDT | Updated on March 30, 2022, 6:31 AM EDT Russia may expand the list of commodities…

Drought effects on hydroelectricity generation in western U.S. differed by region in 2021

Source: U.S. Energy Information Administration, Electric Power Monthly In 2021, a historic drought that affected much of the western United States led to reduced water supply and,…

Gas Price Hacks: Easy Ways to Save Money at the Pump

Rising gasoline prices are busting Americans' budgets. Learn some quick tricks for cutting costs when you fill up. The average US gas price is $1.37…

U.S. gasoline and diesel prices declined slightly the week after their March 14 peak

Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update On March 21, the U.S. regular retail gasoline price across all formulations (conventional and reformulated) averaged $4.24…

Summer Events

Oil prices jump again as EU considers Russian oil ban

A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and…