Heavy slate of U.S. oil refinery overhauls to crimp fuel output
U.S. oil refiners plan twice as many refinery overhauls this spring as usual, aiming to resume maintenance delayed by the pandemic and by the lure of record-high margins, according to…
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Why can’t the US stop soaring oil and gas prices?
Source: BBC Image caption,Costs are soaring as demand for oil and gas rises much faster than output Texas oilman Jason Herrick is scrambling to pump more oil, chasing the promise…
White House considers tapping emergency diesel to get us out of this supply crunch
White House considers tapping emergency diesel to get us out of this supply crunch Reuters: Storage tanks for crude oil, gasoline, diesel, and other refined petroleum products are seen at…
Why Is it a Good Idea to Touch Metal Before Pumping Gas?
The next time you pull your car up to the pump at a gas station, it could pay to read the instructions sticker affixed it. The instructions are easy to ignore,…
The average gas price is above $4 in every state. How long will they continue to rise?
Here are the highest regular gas prices per gallon in the U.S.: (USA TODAY) California: $6.06Hawaii: $5.35Nevada: $5.23Washington: $5.18Alaska: $5.14Oregon: $5.13Illinois: $4.97New York: $4.90Washington, D.C.: $4.87Arizona: $4.84 The average U.S.…
SWEETWATER, TX - JANUARY 19: An oil pumpjack works on January 19, 2016 in Sweetwater, Texas. Global oil prices continue their downward fall with U.S. oil dropping towards $27 a barrel, its lowest since 2003, on worries about global oversupply. Following a diplomatic agreement on nuclear fuel with America, Iran has forecast it will add 500,000 barrels per day to global production, following the lifting of sanctions. (Photo by Spencer Platt/Getty Images)
Warren Buffett’s Berkshire Hathaway Keeps Adding to Occidental Petroleum Stake
This year's rise in oil prices has lifted Occidental's earnings, and the stock.Spencer Platt/Getty Images Berkshire Hathaway continued to add to its large stake in Occidental Petroleum OXY +8.21% in recent days, buying about…
U.S. drillers add oil and gas rigs for record 21 months a row
April 29 (Reuters) - U.S. energy firms last week added oil and natural gas rigs for a record 21 months in a row as high prices and prodding by the…
Biden wants to let people buy blended gasoline to lower prices. There’s just one big problem
It's one of the main drivers of U.S. inflation reaching a 40-year high, and among the factors most likely to hurt Democrats’ electoral chances in the November midterms. It’s high gasoline prices, and…
In 2020, 27% of U.S. households had difficulty meeting their energy needs
Source: U.S. Energy Information Administration, Residential Energy Consumption Survey (RECS) In 2020, 34 million U.S. households (27% of all U.S. households) reported difficulty paying energy bills or reported that they had kept their…
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 per gallon (gal), and the…