Tag: oil

Summer fuel tax surge in five states

California, Indiana, Missouri, Illinois, and Virginia will see increases in fuel taxes starting July 1st Summer will not only bring an increase in temperatures. Starting from July 1st, California, Indiana, Missouri, Illinois, and Virginia will see relatively routine increases in fuel taxes take effect. According to reports, the states will experience an approximately 4-cent increase […]

Hurricane season: disruptions to refinery operations

Between 17 and 25 storms are expected and could result in significant disruptions to oil production Current reports indicate a downward trend in fuel prices, with a national average below $4 per gallon. However, projections of an active hurricane season could trigger a shift in this dynamic. According to the National Oceanic and Atmospheric Administration […]

A look at the declining diesel prices in the US

Despite conflicts in the Middle East and navigation diversions in the Red Sea, oil prices remain unaffected The average diesel price has decreased for the fifth consecutive week. According to the Energy Information Administration (EIA), this week’s average retail diesel price dropped by 4.6 cents, reaching $3.848 per gallon. Over the past five declines, the […]

Deterioration in the global diesel market

Diesel sales decline as drivers switch to other alternatives The global diesel landscape shows concerning signs of deterioration, causing unease among oil sector investors. Across Europe, the United States, and Asia, a noticeable decrease in markets has been observed, characterized by the absence of premiums in short-term prices. This phenomenon is commonly interpreted as an […]

Risks and price increases in world fuel production

Fuel production disruptions, transportation attacks, and Western sanctions are driving price hikes Disturbances in trade routes and refinery closures have contributed to the rise in global fuel prices. Increases in gasoline and diesel surpass those of crude oil in some major markets. Fuel production disruptions, transportation attacks, and Western sanctions are driving price hikes. Despite […]

Local oil market: countries adapt strategies in the face of Red Sea conflicts

Militant attacks in the Red Sea and rising freight costs are pushing the global oil market towards becoming more localized. Militant attacks in the Red Sea and rising freight costs are pushing the global oil market towards becoming more localized, favoring sourcing supplies from nearby locations to avoid high fees. The disruption of oil traffic […]

Briefs: 2024 updates on lane change and speed limits, plus fuel prices stability

Updates on the second week of 2024. Kentucky and Ohio expand traffic regulations. In Kentucky, a legislative priority focuses on revising state lane change regulations. A proposed bill in the House aims to include Kentucky in the states extending lane change rules to cover all road users. Representative Mary Beth Imes sponsors HB19, seeking to […]