European 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 […]

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Gas 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 […]

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The 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 […]

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49 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.

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Gas 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) […]

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Colonial 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 […]

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Will 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 […]

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The Squeeze is On

The thinly traded holiday gasoline market bottomed out on December 24th with a NYMEX low of $1.2352 per gallon. Here we are a few days into the New Year trading at a high of $1.4146. Here’s what happened to push prices higher.

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