Gas prices will be low for Easter, but don’t get used to it
With gasoline prices at their lowest point for the Easter weekend since 2004, holiday travelers have something to cheer about. But they better fill up their tanks fast.
Coming to the oil patch: Bad loans to outnumber the good
Bad loans are likely to outnumber good ones soon in the U.S. oil patch, an indication of the pressure on energy companies and their lenders from the crash in prices.
Big Corn finds unlikely allies in U.S. biofuel push: carmakers and drivers
U.S. corn producers may have found two unlikely allies in their decade-long battle with big oil to get ethanol into the nation’s fuel stream: automobile manufacturers and American drivers.
Oil revenue collapse means ISIS reliant on Gulf funds, inquiry hears
A collapse in oil revenues available to Islamic State is likely to have made it increasingly dependent on donations from wealthy Gulf states and profits from foreign exchange markets, the first UK inquiry into the terror group’s funding has heard.
U.S. on track for record summer gasoline demand
The United States will probably consume a record amount of gasoline in 2016, passing the previous peak set in 2007, and the prospect is helping lift crude oil prices.
Low gas prices create a detour on the road to greater fuel economy
With a crucial midterm review of federal fuel-economy rules to begin this summer, automakers are expected to seek adjustments to the government’s formula for increasing mileage and cutting greenhouse gas emissions.
Saudis to take control of largest U.S. refinery
Saudi Aramco, the state oil company of OPEC’s most powerful player, recently announced plans to take full control of the sprawling Port Arthur, Texas refinery. The Gulf Coast facility is the largest refinery in the U.S. and can process 600,000 barrels of oil a day.
California’s rebate program for green car buyers shifts gears March 29
A state program that aims to make clean vehicles more accessible to California drivers will soon implement increased incentives for low- and moderate-income consumers.
The high cost of high fuel economy
If you look around your neighborhood, you will probably find that people who are buying premium gas are getting hosed at the pump.
In geopolitical conflict and oil Round 1, all parties score points
Oil markets seem to have stabilized on the back of reports that the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers (read Russia) are trying to get an agreement in place to stabilize markets.
