US Gasoline Prices Set To Fall Below $3 per Gallon Ahead of Thanksgiving
The average U.S. gasoline prices are on track to fall below the $3-a-gallon...
The average U.S. gasoline prices are on track to fall below the $3-a-gallon level, just in time for Thanksgiving and the busy holiday travel season. According to the American Automobile Association (AAA), average U.S. gas prices stood at $3.071 per gallon on Monday compared to $3.191 a month ago and $3.320 a year ago. Gas prices are not at the lowest level since January, and just a few cents above its 2021 level. Prices are on track to fall further as West Texas Intermediate crude clings near its lowest level since September.
“While the election has come and gone, gas prices have stayed the course, with the national average price of gasoline declining for a fourth consecutive week as seasonal demand weakens and Americans begin to take refuge from falling temperatures,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
De Haan noted that some 28 U.S. states now enjoy average gas prices below $3 per gallon, as projected in GasBuddy’s annualFuel Outlookfrom last December.
Despite the Mountain Valley Pipeline's recent completion, Appalachia's...
Despite the Mountain Valley Pipeline's recent completion, Appalachia's energy infrastructure remains constrained, with no new natural gas pipelines yet on the horizon. Industry leaders at the recent DUG Appalachia Conference agree that while legal and regulatory hurdles persist, commercial viability of new pipeline projects in Appalachia is primarily determined by demand and gas prices.
Americans Also Voted to Protect Access to Natural Gas
Under-noticed after the recent election were a couple of clear signs...
Under-noticed after the recent election were a couple of clear signs that, even in the bluest of states, Americans don't take kindly to the government trying to mandate and restrict their energy choices. In Washington state, voters passed Initiative 2066, requiring the state's utilities to provide natural gas service to any person or business requesting it. Meanwhile, voters in Berkeley, California -- the first US city to try to ban natural gas altogether -- rejected a proposed tax on using natural gas in new buildings.
Crude prices struggle to build on Monday bounce as major oil field resumes output
Crude futures edged lower Tuesday after news reports...
Crude futures edged lower Tuesday after news reports said Equinor had resumed partial production at Norway’s massive Johan Sverdup oil field after it had been shut down by a power outage, though downside was limited by concerns around developments in the Russia-Ukraine war.
Russian President Vladimir Putin on Tuesday signed a revised nuclear doctrine declaring that a conventional attack on Russia by any nation that is supported by a nuclear power will be considered a joint attack on his country. It follows President Joe Biden’s weekend decision to allow Ukraine to use long-range missiles to strike deep into Russian territory.
Oil rose Monday over 3% on a combination of factors, including the outage at the Johan Sverdup field, which produces 755,000 barrels a day, as well as a softer U.S. dollar and concerns about intensified fighting between Ukraine and Russia, a major oil producer.
As of around 7:45 AM ET, Tuesday morning, here is a snapshot of prices:
West Texas Intermediate crude for December delivery down 33 cents to $68.83 a barrel on the New York Mercantile Exchange.
January Brent crude, the global benchmark, was down 18 cents at $73.12 a barrel on NYMEX.
The DOJ wants Google to sell Chrome. Google could be...
The DOJ wants Google to sell Chrome. Google could be without its industry-leading browser if the Department of Justice gets its way. On Wednesday, DOJ officials will ask a judge—who previously ruled Google Search was an illegal monopoly—to force the company to sell Chrome, in what would be a landmark moment for antitrust efforts in the US, Bloomberg reported. Why Chrome? Regulators view the browser, the world’s most popular, as a key beachhead for users to access Google’s search engine. There’s still a long way to go before a Chrome-less Google would be a reality: Google said it plans to appeal the case, and the judge won’t make a final call until August, 2025.
President-elect Trump nominated Wisconsin Rep. Sean Duffy, a former reality TV star who served in the House for almost nine years, as his transportation secretary.
45 pro-democracy activists in Hong Kong were sentenced to up to 10 years in prison in the biggest trial yet under a 2020 Beijing-imposed national security law.
Beyoncé will headline the halftime show at one of Netflix’s Christmas Day NFL games—the matchup between the Ravens and her hometown Texans. The Netflix IT team is already sweating.
Tropicana customers are revolting against the OJ brand after it redesigned its bottles (this isn’t the first time it’s happened).
