Tag: Gas Prices
Colonial pipeline shuts down, East Coast gas shortages loom
Lower Texas refinery output impacts Colonial pipeline As Texas and Louisiana refineries remain closed or are operating at reduced capacity in the aftermath of Hurricane Harvey, the Colonial pipeline has been shut down due to lack of product to ship. The pipeline, a major fuel artery to the Port of New York and New Jersey […]
Some US Gulf refineries under water, some threatened by Hurricane Harvey
US Gulf refineries account for nearly half of domestic refining capacity UPDATE: Reuters is reporting that Motiva Enterprises is shuttering its 603,000 b/d refinery in Port Arthur, the largest in the United States. Hurricane Harvey’s heavy rains and flooding have closed more US Gulf refineries in Texas, and officials are concerned more facilities could be […]
U.S. congressional panel to hold fuel rules hearing
Automakers say low gas prices make it difficult to meet fuel rules By David Shepardson WASHINGTON, Sept 15 (Reuters) – A congressional panel will hold a hearing on Sept. 22 to look at the fate of U.S. fuel efficiency rules through 2025 amid growing concerns from automakers. An auto trade group representing General Motors Co, Ford […]
Impact of lower gasoline prices on US household spending – JP Morgan
Savings are equivalent to half of average month’s rent or mortgage payment WASHINGTON – With US gasoline prices down 25 per cent year over year in 2015, middle income households spent $477 less at the pump, according to a new study by JPMorgan Chase Institute. For every dollar saved from lower gas prices, households decreased their spending on […]
California carbon emissions cut for all fuel sold in state
California carbon emissions from fuel to be cut by 10 per cent SACRAMENTO, Calif. – California regulators on Friday restored ambitious rules to cut transportation fuel emissions 10 per cent within 5 years. The rules further strengthen California’s toughest-in-the-nation carbon emissions standards, but oil producers warn the changes could drive up costs for consumers at […]
Want lower gas prices? Lift American oil export ban – study
Gas prices would be an average of 8 cents per gallon lower if ban not in place The 1970s-era ban on crude oil exports is artificially keeping American gas prices higher than they should be, says a new report from consultancy IHS Inc. IHS argues that the factors central to determining the gas prices at the […]
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