As August 2023 unfolds, Americans are facing an unwelcome financial jolt at the pump. The cost of gasoline is soaring once again, coincidentally, just before Labor Day weekend and the ominous start of the hurricane season with Hurricane Idalia expected to make land fall this week. This double whammy of events is sending a […]
Read MoreRetail Gasoline Prices Falling
After a volatile year for consumers at the pump, gasoline prices are now lower than they were at this time last year. According to AAA, the price per unleaded gallon was $3.329 last week, below the $3.343 per gallon price a year ago. The national average could drop to below $3 per gallon by Christmas, […]
Read MoreEuropean Energy Crisis Boosts the U.S.
The European energy crisis has pushed many companies that make steel, fertilizer, and other products to shift their output to the U.S., where energy prices are stable and the federal government provides incentives to expand, the Wall Street Journal reported. Chemical maker OCI has boosted their U.S. production, which this month said it would expand an ammonia […]
Read MoreGas Prices Soar: Pain at the Pump Continues
The price of gas and diesel has reached an all-time high today. According to AAA, the national average for regular unleaded is $4.91 a gallon, and $5.68 a gallon for diesel. Over the past week, the national average price of regular unleaded has increased 29 cents a gallon, and the national average of diesel has […]
Read MoreThe Unofficial Start to Summer Gas Prices.
People traveling this Memorial Day weekend should expect to pay more at the pump as prices are expected to be at an all-time high. Americans will be paying on average $1.50 more per gallon of gas this year in comparison to last year. According to AAA, the national average is $4.59 a gallon. The average […]
Read More49 Miles Per Gallon by 2026
On April 1st, the U.S Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) announced the new fuel economy standard for 2026, which undid the standards enacted under the Trump administration. This new standard will make vehicles more fuel-efficient, decrease oil consumption, decrease the impact fluctuating oil markets have on consumer wallets, and reduce transportation emissions.
Read MoreGas Prices Rising Again After Brief Lull
Anyone frequenting a gas pump this summer has noticed a dramatic increase in cost compared to last year’s driving season, and industry analysts don’t see things changing in the near future. In the week leading up to July 26th, America’s average gas price dropped two cents to $3.15 per gallon. The American Automobile Association (AAA) […]
Read MoreColonial Pipeline Shut Down
The Colonial Pipeline has been shut down since Friday, May 7th after a cybersecurity attack. It is the largest fuel pipeline in the United States that runs from Texas to New Jersey and transports roughly forty-five percent of the East Coast’s fuel supply. Colonial transports 2.5 million barrels per day of gasoline, diesel, jet fuel […]
Read MoreWill Pennsylvania Raise Gas Taxes Again? Update
Last December I wrote about the proposed Transportation and Climate Initiative (TCI), which would require wholesalers of gasoline and diesel in participating states to buy carbon credits to sell their fuel. As a result of the COVID-19 pandemic, the TCI jurisdictions have adjusted their timeline for developing the program, and a final Memorandum of Understanding […]
Read MoreWill Hurricane Dorian Impact Prices at the Pump?
Despite Hurricane Dorian’s effects on the Atlantic coast, both locally and across the nation gas prices are expected to continue to fall as we switch to cheaper winter gasoline.
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