As the national average for a gallon of gas rose less than three cents over the past week to reach $4.62, AAA reported that a dip in gasoline demand provided drivers with some stability at the pump. However, this respite could be brief. Crude oil has moved above $115 a barrel due to fears of…
Americans Plan to Roadtrip More than Last Summer
GasBuddy’s annual summer travel survey revealed that 58% of Americans intend to road trip this summer, even with gas prices at an all-time high. More Americans plan to road trip this summer compared to last summer, when gas prices were nearly $1.50 per gallon lower. While the high prices may not stand in the way…
Pilot Flying J Launches $50,000 Fuel Giveaway
Pilot Flying J will be giving away $50,000 in fuel savings and summer deals to celebrate National Road Trip Day on May 27, the Friday of Memorial Day weekend. With more Americans anxious to make up lost vacation time, recent surveys suggest an overwhelming majority prefer driving as the leading choice for reaching their summer…
Gas Prices Continue to Rise
After setting a new record high national average for a gallon of gas on May 10, AAA reported that prices around the country have increased every day since. The previous record — set earlier this year on March 11 — was $4.33. Now, the national average for a gallon of gas is $4.59, with all…
U.S. House Passes Gas Price-Gouging Bill
The U.S. House passed a bill geared towards oil and gas companies that will focus on alleged price-gouging at the pump. The bill — introduced by democrat representatives Kim Schrier of Washington and Katie Porter of California — would give the president the ability to issue an emergency energy proclamation. If this were to occur,…
bp Shares Plan to Decarbonize the Texas Gulf Coast
bp announced a plan to enable low carbon hydrogen production at Linde facilities by advancing a major carbon capture and storage (CCS) project in Texas. The development will also support the storage of carbon dioxide (CO2) captured from other industrial facilities — paving the way for large-scale decarbonization of the Texas Gulf Coast industrial corridor.…
Shell Signs Deal to Sell Businesses in Russia
Shell subsidiaries B.V. Dordtsche Petroleum Maatschappij and Shell Overseas Investments B.V. have agreed to sell Shell’s retail and lubricants businesses — owned by Shell Neft — in Russia to LUKOIL. The deal includes 411 retail stations, mainly located in the central and northwestern regions of Russia, and the Torzhok lubricants blending plant, around 200 kilometers…
EG America to Launch Summer of SmartPay Promotion
EG America’s SmartPay Rewards program, after reaching $5 billion in fuel sales since its launch in 2013, gives rewards members the ability to save 10 cents on every gallon of fuel. Since 2013, it has saved members $200 million. The program is available at EG retailers throughout the country, including Cumberland Farms, Certified Oil, Fastrac,…
360Fuel Receives Funding to Increase Biofuel Availability
360Fuel has received infrastructure funding from the White House to increase U.S. availability of biofuels for consumers in an effort to spur smart development and adoption of sustainable, homegrown fuels. This will also be done by increasing fuel supply, offering new options for consumers and reducing gasoline prices for Americans. New infrastructure is greatly needed…
Gas and Oil Prices Rise
Based on information gathered by AAA, drivers are paying a lot more at the pump as the cost of gasoline moves steadily higher. In the past two weeks, the national average for a gallon of gasoline has risen 20 cents to $4.32, a penny less than the record high set on March 11. The increase…