Tag: gas prices

April 9, 2024

On 24 February 2022, the Russian army entered Ukraine, escalating a conflict that had begun almost a decade earlier. On the same day, the European Council held an urgent meeting to respond to the aggression and to study emergency measures […]

April 1, 2020

In a less spectacular fashion than oil, international natural gas prices have fallen. The explanation goes far beyond low demand related to the COVID-19 pandemic or demand in general. It relies on a much larger and more complicated array of […]

March 23, 2020

The big news related to the oil and gas business over the past few weeks has obviously been related to the crash in oil prices. First, the global demand destruction by the spread of the coronavirus knocked the price for […]

October 24, 2019

A gasoline tax by any other name is still a tax on gasoline, isn’t it? That’s the question the governors of a dozen Northeastern states are attempting to avoid by implementing what is effectively a new gas tax on consumers […]

October 8, 2019

In a famous scene from the 1971 film “Big Jake,” Richard Boone’s character, John Fain, responds to being shot by John Wayne’s character, Jacob McCandles, by saying, “I thought you were dead.” To which McCandles responds, “Not hardly.” It’s a […]

May 9, 2019

Vermont Business Magazine Gasoline prices in Vermont may be below the national average right now ($2.81/gallon versus $2.90/gallon), but they’re still higher than last week, higher than last month and almost as high as last year. With the national average […]

March 20, 2019

It is the first day of Spring, let us talk natural gas! Back in November, a cold and early start to winter 2018-2019, augmented by a massive storage deficit, rallied prompt month natural gas prices to around $4.90 per MMBtu, […]

January 18, 2019

With our first major winter cold and snowy storm spreading across the Midwest, South, and Northeast, natural gas prices have been on the rise again. Gas, of course, is an essential heating fuel, so winter demand spikes 40-60% above summer […]

August 30, 2018

The summer driving season will end much like it began, with American motorists paying the highest price at the gasoline pump in four years. Gas prices have barely budged this summer, with the national average for regular gasoline hovering around […]

June 13, 2018

Higher oil prices are helping many American shale drillers. But they are hurting companies that frack for natural gas. As companies respond to rising oil prices by drilling more for it, they often unearth gas as a byproduct. That has […]

June 11, 2018

The average price of regular-grade gasoline in the U.S. has remained relatively steady for the past three weeks with a national average of $3.01 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that a drop in […]

March 26, 2018

The average U.S. price of regular-grade gasoline shot up 7 cents a gallon over the past two weeks to $2.66. Industry analyst Trilby Lundberg said Sunday the increase was driven primarily by rising crude oil prices. Lundberg says she expects […]

December 4, 2017

The average price of a gallon of regular-grade gasoline dropped 7 cents nationally over the past two weeks to $2.54. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the spike comes despite a jump in oil prices. […]

September 20, 2016

To be fair, Obama probably didn’t plan to take credit for low prices at the pump that day—it was shouted out from someone in the crowd, and he was quick to accept the credit, saying “Thanks, Obama!” And while unplanned, […]

July 14, 2016

In the July edition of the Short-Term Energy Outlook (STEO), EIA forecasts that the U.S. retail price for regular gasoline will average $2.25 per gallon (gal) this summer (April through September). The forecast price for this summer is lower than […]

June 7, 2016

The average price of gasoline has jumped by six cents over the past two weeks to $2.37 a gallon for regular grade. Read More on CNBC energy

May 25, 2016

Enthusiasts believe that shale gas is simultaneously cheap, abundant and profitable thus defying all rules of business and economics. That is magical thinking. The recently released EIA Annual Energy Outlook 2016 sparkles with pixie dust as it forecasts almost unlimited gas supply at low prices out […]

May 10, 2016

The average price of gasoline has jumped by 9 cents over the past two weeks to $2.27 a gallon for regular grade. Read More on CNBC energy

April 11, 2016

The average price of a gallon of gasoline in the United States gained 8 cents in the past three weeks, according to a survey released on Sunday. Regular-grade gasoline climbed to around $2.10 a gallon in the Friday survey, from […]

March 29, 2016

Alaska has some hard decisions to make. Amid the plunge in global oil prices of more than 60% since mid-July 2014 and with oil production in the state already dropping due to maturing fields and with production losses not being […]