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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 ...
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
Gasoline prices have already seen their summer peak and will likely head lower going into the fall, according to one oil analyst. On Wednesday, the national average price of a gallon of gas sat at ...
Studies for years have suggested larger gasoline inventories to avoid price spikes from shortages. A special legislative session is about face saving. Newsom’s Big Oil special session is a big bust.
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 ...
Drivers can expect to end 2023 with gasoline prices around their lowest levels of the year. On Tuesday the national average price of gasoline was $3.08 per gallon, according to AAA data. It could ...