Tag

Gasoline

All articles tagged with #gasoline

business7 days ago•9 min saved

A Year Into Trump's Second Term: Inflation Edges Up as Groceries and Bills Rise

About a year into Trump’s second term, inflation sits 2.4% higher year over year with a 0.2% January CPI uptick, driven by food, housing and energy costs even as gasoline prices fall to near five-year lows. A price tracker shows eggs spiking due to bird flu before easing after targeted policies, bananas and oranges fluctuating with tariff changes, and ground beef hitting record highs amid cattle shortages. Tariff moves and trade policy continue shaping prices across 11 staple items, while electricity and natural gas bills rise for households even as fuel costs retreat.

via Chicago Tribune|

#business #electricity #gasoline

energy1 month ago•17 min saved

Oil Edges Higher as U.S. Crude Stock Decline Outpaces Seasonal Demand

U.S. crude inventories fell 2.3 million barrels to 423.8 million for the week ending Jan. 24 per the EIA, about 3% below the five-year average, with API reporting a smaller draw a day earlier. Prices rose with Brent near $68.11/bbl and WTI around $63 as winter disruptions and geopolitical risk premiums supported markets. Gasoline stocks increased slightly, distillates rose modestly, and total products supplied (a demand proxy) climbed to 20.3 million b/d over four weeks, though year-over-year demand remained essentially flat-to-down.

via Crude Oil Prices Today | OilPrice.com|

#crude-oil #eia #energy

business1 month ago•2 min saved

Michigan's Fuel Tax Increase Takes Effect January 1

Starting January 1, Michigan eliminates the sales tax on gasoline but increases the flat gas tax to 52.4 cents per gallon, which will grow with inflation, leading to an average increase of $27 annually for drivers, amid generally lower gas prices and higher registration surcharges for electric and hybrid vehicles.

via WWMT|

#business #fuel-prices #gas-tax

world2 months ago•3 min saved

EU considers weakening 2035 diesel and gasoline car ban amid automaker pressure

The European Union is expected to soften its 2035 ban on new diesel and gasoline car sales due to lobbying from Germany, Italy, and automotive industry groups, raising concerns about the impact on climate goals and industry competitiveness.

via CNBC|

#2035 #car-ban #diesel

technology7 months ago•3 min saved

Ethanol's Rising Role in Saving Drivers Money and Powering Summer Travel

Ethanol has been used in gasoline for over a century, primarily to boost octane and reduce emissions, but its benefits and drawbacks are debated. While it can improve engine performance and environmental impact when used in small amounts, higher concentrations like E85 can cause engine issues, especially in older vehicles. Most modern cars are designed to run on a 10% ethanol blend, but the overall environmental and economic impacts of ethanol fuel remain contentious.

via Jalopnik|

#engine #environment #ethanol

health1 year ago•1 min saved

Lead in Gasoline Linked to 150 Million Mental Health Disorders

A study published in the Journal of Child Psychology and Psychiatry links the use of leaded gasoline to an estimated 151 million mental health disorders in the U.S. over 75 years, particularly affecting Generation X. The study highlights increased rates of depression, anxiety, ADHD, and neurotic behavior among those exposed to leaded gas as children, with peak exposure occurring from the mid-1960s to mid-1970s. Despite the ban on leaded gas in 1996, the long-term effects continue to impact mental health, with researchers suggesting these estimates are conservative.

via news.slashdot.org|

#gasoline #generationx #health

health1 year ago•2 min saved

Leaded Gasoline's Lasting Impact on Mental Health for Gen X

A study suggests that over 150 million cases of mental health disorders, such as ADHD, anxiety, and depression, may be linked to lead exposure from gasoline, particularly affecting those born between 1966 and 1986. The research highlights the significant impact of lead on children's health, noting its potential to cause cognitive and mood disorders. Despite the ban on leaded gasoline in 1996, lead remains present in various products, underscoring the need for continued efforts to reduce exposure.

via AOL|

#adhd #environmental-impact #gasoline

politics1 year ago•2 min saved

"Debunking Energy Myths at the Republican National Convention"

At the Republican National Convention, speakers criticized President Biden for the rise in gas and electricity prices since 2021. While gas prices have increased by about 48% since Biden took office, experts attribute this to global market forces rather than presidential policies. Similarly, electricity prices have risen, but the reasons are complex and not solely due to Biden's actions.

via The New York Times|

#biden-administration #electricity #energy-prices

energy1 year ago•1 min saved

"Crude Oil Stocks Drop Sharply Ahead of OPEC+ Meeting"

The American Petroleum Institute (API) reported a significant draw of 6.490 million barrels in U.S. crude oil inventories for the week ending May 17, contrasting with the previous week's 2.48 million barrel increase. Gasoline inventories also fell by 452,000 barrels, while distillate inventories rose by 2.045 million barrels. Despite these changes, oil prices were trading down due to concerns over weak gasoline demand and economic data.

via OilPrice.com|

#api #crude-oil #distillates

energy-markets1 year ago•1 min saved

"U.S. Inventory Draws Propel Oil Prices Higher"

Crude oil inventories in the US unexpectedly dropped by 5.521 million barrels, contrary to analysts' predictions of a 0.4 million barrel build, causing a jolt in oil prices. Gasoline and distillate inventories also fell, contributing to bullish sentiment, while Cushing inventories decreased. Despite the positive inventory news, oil prices were down slightly, with Brent crude trading at $82.08 and WTI at $77.76 per barrel.

via OilPrice.com|

#crude-oil #energy #energy-markets

crime1 year ago•2 min saved

Nebraska Woman Exploits Pump Glitch for $28,000 Worth of Free Gas

A Nebraska woman, Dawn Thompson, has been charged with theft after exploiting a software glitch in gas pumps at a shop called “Pump and Pantry” to get nearly $28,000 worth of free gasoline over six months. She used a rewards card to enter the pump into a demo mode, allowing her to pump gas for free. Thompson also sold the card to another person for discounted fuel. She was arrested after a months-long investigation and her next court hearing is scheduled for April 11.

via Quartz|

#crime #exploitation #gasoline

energy-policy2 years ago•1 min saved

"Proposal to Sell U.S. Northeast Gasoline Reserve in 2024 Raises Controversy"

A funding bill up for discussion at U.S. Congress proposes selling off the 1-million-barrel Northeast Gasoline Supply Reserve in fiscal year 2024 and prohibits Chinese entities from buying crude oil from the U.S. Strategic Petroleum Reserve. The bill also aims to prevent the establishment of new regional petroleum product reserves without explicit funding approval. The proposed sale follows previous releases of crude from the SPR to stabilize oil prices, and its chances of passing appear favorable given bipartisan anti-Chinese sentiments.

via OilPrice.com|

#energy-policy #gasoline #northeast-gasoline-supply-reserve

energy2 years ago•6 min saved

"California's Risky Climate and Gasoline Game, According to Chevron"

Chevron warns that California's climate policies are risking gasoline price spikes and shortages, attributing the state's high gasoline prices to its tough low-carbon fuel standards that encourage refineries to convert to renewable diesel. The company's relationship with California has become increasingly adversarial, with Governor Gavin Newsom accusing Big Oil of price gouging and lying about climate change, leading to investigations and lawsuits. Chevron argues that it should not be punished for meeting consumer demand for transportation fuels, and expresses concerns about a proposal to establish a maximum refining margin in California, which would make it challenging to justify growth projects at its refineries in the state.

via Financial Post|

#california #chevron #climate-policies

energy-markets2 years ago•1 min saved

"Surprise Increase in U.S. Crude Inventories Sends Oil Prices Lower"

The American Petroleum Institute (API) reported a larger-than-expected decrease of 5.215 million barrels in U.S. crude oil inventories, contrary to analysts' predictions of a 1.2 million barrel draw. Gasoline inventories saw a significant build of 4.896 million barrels, while distillate inventories rose by 6.873 million barrels. Oil prices were trading up ahead of the API data release, with Brent crude at $77.42 and WTI at $72.07.

via OilPrice.com|

#api #crude-oil #energy-markets

accidents2 years ago•1 min saved

Massive Gasoline Spill on I-64 in Louisville Causes Evacuation and Traffic Delays

A tanker truck carrying approximately 4,000 gallons of gasoline overturned on Interstate 64 in Louisville, causing the closure of the area. The leak has been contained, and there is no immediate danger to the public. The tanker will need to be drained and transferred to another vehicle before it can be towed away. The cause of the accident is under investigation by the LMPD Traffic Unit.

via LEX 18 News - Lexington, KY|

#accidents #gasoline #i-64