gas prices

Oil stocks were on the move Wednesday as crude oil prices pulled back from recent highs and U.S. President Joe Biden said he will push for a suspension of the federal gasoline tax. WTI crude oil prices dropped 3.4% to around $105.70 per barrel on Wednesday morning, sending the United States...

Joe Biden's spat with American corporate executives intensified this week as he traded barbs with the CEO of Chevron Corp (NASDAQ: CVX), while Target Corp's (NYSE: TGT) chief executive slammed the U.S. President's idea of a gas tax holiday.  What...

In a letter to top oil executives this week, President Joe Biden criticized oil companies as gas prices hover around the $5 mark in the U.S.  What Happened: “At a time of war, refinery profit margins well above normal being passed directly onto American families are not...

The effects of the Russia-Ukraine war are still sending ripples globally, even with crude oil prices falling $19 off the early March highs of $123 per barrel. In an effort to help lower fuel prices, U.S. President Joe Biden recently announced the use of E15, a type of gasoline that uses a...

Chip shortages, supply chain disruptions and depleted inventory levels are just three of the headwinds auto stock investors have been dealing with in recent quarters. On Tuesday, Bank of America analyst John Murphy said auto investors can now add skyrocketing gas prices to the mix of problems for...

Gas prices recently hit all-time highs in the United States as pressures from the Russian invasion of Ukraine pushed the cost of oil higher. Oil and gas companies like Chevron Corporation (NYSE: CVX) and Exxon Mobil Corp (NYSE: XOM) have benefitted from this rise in oil prices, with stock...

Shares of Uber Technologies Inc (NYSE: UBER) jumped 4.6% on Thursday after the company announced a new deal that will allow the app to list New York City taxis on its app for the first time. In addition to the potential lucrative taxi partnership, Bank of America analyst Justin Post said Thursday...

And so, the see-saw ride continues. Today, we’re on the side going down. Yesterday’s calls for fiscal stimulus were welcome, but don’t necessarily stop all this from playing out and can’t fight a virus. At the end of the day, people seem to be saying that we still have the...

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The largest refinery in the east coast suffered an explosion Friday morning, which prompted a move higher in gas future prices. What Happened Philadelphia Energy Solutions is a 1,300-acre complex with a capacity of 335,000 barrels a day, CNBC reported. At around 4:00 a.m. ET, a large explosion...

The Oregon Low Carbon Fuel Standard (LCFS), a program that adds to the price of gasoline and diesel by an amount that is variable, survived a legal challenge on May 13 in the U.S. Supreme Court. The Court chose not to review a decision handed down in September 2018 by the Ninth Circuit of the U.S....

For many, Labor Day signifies the end of summer and the final opportunity to travel in the warm weather. Data from GasBuddy suggests that holiday travel may be the most expensive it's been in years. What Happened Average gas prices are their highest since 2014, at $2.84 for regular and $3....

Exploration and production companies are likely to update investors in their first-quarter reports on budgets and returning cash to shareholders, according to Morgan Stanley.  The Analyst Morgan Stanley's Evan Calio.  The Thesis The upcoming earnings season will likely show E&...

Gas prices have been creeping higher throughout the holiday season, and the latest projections from GasBuddy suggest the trend could continue throughout 2018. Gas prices will likely be the highest this year that they have been since 2014, said GasBuddy analyst Patrick DeHaan.  GasBuddy...

WTI crude oil prices are back above $54/bbl for the first time since February, which is good news for many oil investors. But while crude oil prices have surged 15 percent in the past month, natural gas prices have fallen 5.8 percent in that time. Bernstein analyst Jean Ann Salisbury recently...