Houston energy companies have reported at least $20 billion in tax benefits from the recently enacted tax overhaul, but whatever savings the firms realize will likely go to well-heeled investors rather than support the local economy through hiring, pay raises and expansions.
Gas prices this summer are expected to be the most expensive since 2014, closing in on $3 per gallon, according to a new report from the Oil Price Information Service.
Unfortunately for automakers, trucks and SUVs are more popular than they’ve ever been. Meanwhile, diesels have fallen out of favor with U.S. customers, and plug-in hybrid sales have yet to really take off.
Putting another 25 cents on the consumer price for gasoline, as proposed by the Trump administration, could be political suicide, a market analyst said.
Daniel Clifton, Strategas’ head of policy research, said the increase in gasoline prices would also be nine times larger than the estimated $4 billion workers are receiving from employers due to the corporate tax cut.
Remember $4-a-gallon gasoline? It could be coming to a gas station near you, perhaps as soon as Memorial Day weekend.
Motorists in California, the state with the most expensive gasoline, could see pump prices that begin with a 4 again as oil markets rally.
Some of the brightest minds, and best ideas, come from the world of automotive design. We traveled to three mega-shows recently to seek out the coolest concept cars, and hear experts pontificate about how we’ll be moving in the decades to come. Read more →
Global automakers, rarely shy about marketing themselves with glitz and confidence, are noticeably more sober about how customers may react to their own upcoming electric vehicle lineups.
The family that pioneered the oil industry in America wants to expose what Exxon hid from the public about climate change.
