gas prices

Although 2016 has been expected to be a tough year for late-cycle oil & gas exposed E&Cs, Citi’s Andrew Kaplowitz expressed surprise at the magnitude of the guidance cut by Chicago Bridge & Iron Company N.V. (NYSE: CBI) for 2Q. Kaplowitz maintains a Neutral rating on the company,...

Gasoline crack spreads grew in Q2, driven by record gasoline demand and increased diesel demand. Citi’s Faisel Khan upgraded the rating on Tesoro Corporation (NYSE: TSO) from Neutral to Buy, while lowering the price target from $92.50 to $92.00, following the recent pullback in the stock....

According to GasBuddy, the average price for a gallon of gas in the United States is currently about $2.20/gallon. However, Americans who have taken summer vacations know that prices can vary significantly depending on location. For example, the average gas price in South Carolina is only $1.87/gal...

Natural gas prices have plummeted to near all-time lows in the past year due to a huge oil and gas supply glut. However, according to Reuters' oil and gas analyst John Kemp, that same supply glut is masking a surge in U.S. gas demand. U.S. power producers burned a record amount of natural gas last...

Imperial Capital has upgraded Range Resources Corp. (NYSE: RRC) to Outperform from In Line on "brighter gas pricing outlook." The brokerage has also raised the price target by $10 to $55, implying an upside of 25 percent from the recent share price. "We believe that the recent improvement in...

Argus’ David Coleman believes Suburban Propane Partners LP (NYSE: SPH) “faces structural headwinds, as propane usage has become less attractive relative to other fuel sources, such as low-cost natural gas.” Coleman maintains a Hold rating on the company. Growth Via Acquisitions...

Analysts and traders can make all the predictions they want about where oil prices are headed and when the global oil industry will begin to recover. But, the true oil and gas recovery will begin when cash starts flowing back into the space. Recent news from Chevron Corporation (NYSE: CVX), Exxon...

The S&P 500 bounced back after a horrible start to 2016 and has now delivered more than a 2 percent gain on the year. Commodity stocks have led the way in 2016 after horrible returns in recent years. In fact, a number of big-name stocks have already doubled so far this year. Here’s a look...

Lower gas prices are prompting Americans to indulge in more road trips this year versus last year, according to a study by GasBuddy. The study showed that over 75 percent of respondents said "they would be traveling this summer, a 2.2 percent increase from last year, with an overwhelming majority (...

The oil and gas crisis claimed two more U.S. victims this week with Midstates Petroleum Company Inc (OTC: MPOYQ) and Ultra Petroleum Corp. (OTC: UPLMQ) both filing for creditor protection. The two new bankruptcies bring the total number of U.S. oil and gas victims to 59. Unfortunately, with no end...

If reinventing the gas station business model sounds like a great business opportunity to you, you're not alone. That's exactly what a group of San Francisco startups thought, and launched a number of apps that aim to bring the gas to you instead of the other way around. If delivering...

Americans are taking advantage of historically low oil and gasoline prices like never before. In a new report, Macquarie analyst Vikas Dwivedi discusses the record pace of gasoline consumption in the U.S. so far in 2016 and what it means for refiners. According to the report, gasoline demand is...

Warmer weather is heating up the gasoline prices, which have surged overnight and could breach the $1.90 a gallon mark Friday. The national average currently stands at $1.886 per gallon. The national average price shot up over 6 cents per gallon in one day and the average daily move is typically...

With motorists expected to spend $17 billion less at the pump in 2016 compared to 2015, GasBuddy’s 2016 Fuel Price Outlook virtually guarantees that $3.00 a gallon gasoline is a thing of past – at least for the foreseeable future. With a predicted U.S. national average of $2.28 per...