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Gasoline inventories reached the highest level in a year last week, signaling weakening demand.. Inventories rose by more than 8 million barrels versus expectations for gains of more than 2 ...
Oil futures rallied amid the largest crude inventory drop since July, which was offset by an increase in gasoline stockpiles. West Texas Intermediate gained almost 1% to settle at $75.09 a barrel ...
Today a gallon of gasoline in California today costs $4.61 on average, just over 10 cents lower than the last month and more than 50 cents lower than last year, according to the latest prices from ...
It now has 300 miles of crude oil pipelines and gathering systems, and storage and terminal facilities for crude oil and fuel in West Texas and New Mexico. [ 27 ] The bulk of the money raised from the stock offering would go to the parent Western Refining to reimburse the company for the assets used to form the logistics company, Western ...
U.S. gasoline prices rose earlier this month but are falling again after West Coast refinery outages subsided and seasonal demand fell. President Joe Biden plans to sell the last portion of a ...
The 2016 Southeastern United States gasoline shortage was a phenomenon caused by the 2016 Colonial Pipeline Leak and the resulting panic buying in which many gas stations across six states had entirely run out of gasoline, causing price hikes, halts of services, and several declarations of states of emergency.
Oil has been on a downward trend since April. Falling stockpiles reversed earlier morning losses Wednesday. Oil steadies on surprise inventory drop, but futures still down 8% from April peak [Video]
Total U.S. motor gasoline inventories stood at 218.18 million barrels as of Nov. 24, 2% higher than a year ago and the highest for this time of the year since 2020, according to data from the ...