Gas prices: ‘July and August are going to be sizzling months,’ analyst says
Gas prices hit record highs this week, as consumers are grappling with soaring inflation. With oil prices...
Gas prices hit record highs this week, as consumers are grappling with soaring inflation. With oil prices hovering around $112 per barrel, drivers are unlikely to see much relief at the pump for now.
The continuation of the Russian invasion of Ukraine is expected to keep oil prices high. “May is usually when the futures market in gasoline tends to peak," Tom Kloza, OPIS head of energy analysis, told Yahoo Finance
“I think we’re looking at higher prices in the next week or so, and then maybe a little moderation before July — but July and August are going to be sizzling months,” Kloza added.
An estimated 38 million Americans sweltered under weekend heat advisories,...
An estimated 38 million Americans sweltered under weekend heat advisories, with elevated temperatures stretching from Texas to New England. The heat approached 100 degrees in some places, with a number of daily records falling Saturday.
Austin, Texas, hit 100 degrees Saturday, beating the daily record of 99 degrees set in 1939. Richmond, Virginia, hit 95 degrees (93 degrees, 1966), Philadelphia, Pennsylvania, reached 97 degrees (95 degrees, 1934), and Montpelier, Vermont, notched its first 90 degree recording for the day. For New York City and Boston, it marked the earliest in the calendar year a heat advisory had gone into effect since at least 2006. The high temperatures are expected to subside beginning today.
Meanwhile, a winter stormpummeled Colorado early Saturday, dropping more than 12 inches of snow in some locations and knocking out power to more than 66,000 customers in Denver.
A judge with the Dane County, Wis., Circuit Court has affirmed the lawfulness of a permit granted to...
A judge with the Dane County, Wis., Circuit Court has affirmed the lawfulness of a permit granted to build a planned $700 million combined-cycle natural-gas energy plant in an industrial area of Superior. The 625-megawatt Nemadji Trail Energy Center was contested by environmentalists concerned over air and water issues, and other challenges remain before work can begin
Biden Could Tap Diesel Reserve In A Bid To Ease Fuel Crunch
A new Federal Energy Regulatory Commission analysis of summer energy markets predicts that US natural...
A new Federal Energy Regulatory Commission analysis of summer energy markets predicts that US natural gas demand will grow faster than domestic dry natural gas production this summer compared with last summer, by 4.8% versus 3.4%. Net gas exports will drive the demand growth, surging by 29.4% year over year this summer, which in turn will put upward pressure on gas prices, the report forecasts.
Ruble Hits 5-Year High as Gas Buyers Bend to Putin Demand
The ruble closed at the highest level in five years against the euro as more European companies appeared...
The ruble closed at the highest level in five years against the euro as more European companies appeared to be complying with Vladimir Putin’s demand that they switch to paying in Russia’s currency for natural gas.
The ruble jumped as much as 9% against the euro and ended Friday’s session 2.8% stronger against the dollar in Moscow. The Russian currency is the best performer globally this year.
