Gasoline

Professor Kishore Kulkarni explains that gas price variations are due to multiple factors, including differences in wholesaler costs and whether the fuel is locally produced. Competition and customer behavior also play a role; stations with fewer competitors or those located on high-traffic routes like I-70 may charge more. Additionally, brand loyalty can influence consumer willingness to pay higher prices at their preferred station.

A 12,000-gallon gasoline tanker overturned in Garden City, Long Island. The vehicle had a full load of product when it flipped on its side. Due to the incident, Nassau County Fire Marshal's Hazardous Materials Division was requested.

Gas prices across Michigan have dropped 21 cents since last week, resulting in a statewide average cost of $4.15 per gallon for regular unleaded. Motorists are getting relief at the pump, though Metro Detroit remains about 98 cents more than this time last year. The article noted decreases in domestic gasoline supply and production according to the EIA.

A suspect in an attack on a New York City federal building was indicted on an arson charge. Surveillance video showed a man in a helmet lighting fireworks, pouring gasoline onto a stairwell, and firing a BB rifle.

Michigan gas prices increased by 13 cents in the past week, reaching an average of $4.36 per gallon. Motorists are paying an average of $65 for a full 15-gallon tank of gasoline.

Smuggling gasoline into Mexico, known as 'huachicol fiscal,' generates millions for cartels and is their second-largest revenue source after drug trafficking.

Russia has extended its gasoline and diesel export ban until January 2027. The average price of gasoline in Russia has increased by 19% since the start of the year, primarily due to Ukrainian attacks on oil refineries.

President Trump ran on a pledge to bring down energy costs, but a year and a half into his second term, prices of both gasoline and electricity are rising. While he was on the campaign trail, Trump promised to cut power prices by 50 percent.

Oil prices surpassed $100 a barrel amid renewed Middle East conflicts, likely increasing costs for gasoline, groceries, and school supplies. Higher fuel expenses and supply chain disruptions are straining consumers, with gasoline prices averaging $4.09 per gallon and food costs rising due to transportation and refrigeration demands.

Investigators determined that a Des Plaines condo fire in May was intentionally set using gasoline and ruled as arson. The suspect involved in the fire died two weeks later from injuries.

Oil prices exceeded $90 per barrel due to escalating Middle East hostilities, including Iranian attacks on Kuwait's oil infrastructure and a deteriorating U.S.-Iran ceasefire. Rising oil prices threaten higher gasoline and diesel costs globally, increasing inflation risks.

ABC7's Car Specialist Dave Kunz highlights supercars and super sports cars that use electric power, hybrid technology, and gasoline. The article focuses on the varying power sources of high-performance vehicles.

Diesel prices are rising and threatening to cause more economic destruction as investors worry about gasoline prices.

Wholesale prices fell by 0.3% in June, driven by a significant decline in gasoline prices. The drop was unexpected and marked a reversal from previous trends.

Fuel prices remain nearly a dollar per gallon higher than before the war with Iran, despite recent declines, causing financial strain on consumers during the summer driving season peak. A Shell gas station in Los Angeles exemplifies the ongoing high costs.

Global oil demand is expected to decline in 2026 due to higher prices and supply disruptions from the U.S.-Iran war, which stranded oil shipments in the Strait of Hormuz. However, U.S. gasoline use rose despite elevated prices, while China significantly reduced oil purchases and slowed its strategic petroleum reserve filling to mitigate the crisis.

Christopher Peden is accused of cutting off his genitals and using them to start a garage fire in Fort Wayne, Indiana. Authorities found a gasoline container, four lighters, and a kitchen knife at the scene. Peden faces an arson charge with a potential 12-year prison sentence and is scheduled for a trial next week.

Christopher Peden is accused of cutting off his genitals and using them to start a garage fire in Fort Wayne, Indiana, leading to an arson charge with a potential 12-year prison sentence. Authorities found a gasoline container, four lighters, and a kitchen knife at the scene. Peden admitted to lying about a stabbing and confessed to the act, with a trial set for next week.

China is permitting significant exports of diesel and gasoline this month. The article references fuel storage tanks containing Jet A-1 aviation fuel.

Russians are experiencing war impacts through fuel shortages caused by drone attacks on oil refineries. The situation has forced public awareness of the war's reality, ending prior indifference.

Americans are traveling in record numbers for the 4th of July despite high gas prices. The national average for regular gasoline has decreased from a June peak above $4.56 per gallon as crude oil prices dropped following the end of the Iran conflict.

Ukraine is proposing a sanctions mechanism with the European Commission to target countries exporting gasoline and petroleum products to Russia. The initiative follows Ukrainian strikes disrupting Russian gasoline production and reported fuel sales restrictions in Russia.

U.S. refiners are experiencing strong profit margins as demand for refined fuels outpaces supply due to persistent supply chain constraints, reduced Russian production, and limited global refining capacity. Elevated gasoline and diesel prices are driven by resilient demand, low inventories, and refiners prioritizing diesel and jet fuel production over gasoline.

Texans are paying $3.30 per gallon for regular unleaded gasoline, which is half a dollar more than usual around the Fourth of July. This data is reported by AAA.

Mecklenburg County's 1% sales tax increase, approved by voters in November 2025, begins July 1 to fund transit and road improvements. The tax applies to most everyday purchases but excludes items like air travel and gasoline. County leaders project $20 billion in revenue over 30 years, though some residents express concerns about costs.

Russia is considering importing gasoline amid Ukrainian drone strikes disrupting its fuel supply, with President Putin acknowledging a 4% decline in national gasoline reserves. The Kremlin confirmed talks with foreign suppliers, while tax changes and subsidies are being implemented to stabilize the market.

The Kremlin has confirmed ongoing negotiations to import gasoline, though a spokesman declined to specify the countries involved in the discussions.

Electric cars have outsold gasoline vehicles in Uruguay for the first time, driven by the region's highest fuel prices. The government is moving to reduce electric vehicle tax breaks as part of this shift.

Oil is approaching its prewar price following a U.S.-Iran memorandum of understanding to end the conflict, but gasoline prices remain high. President Trump has accused Big Oil of price gouging, while analysts attribute the delay in lower gas prices to individual gas station owners.

Iran's shipment of 20 million barrels of oil and China's reduction in oil imports contributed to a decline in oil prices, pushing gasoline below $4 a gallon in parts of the US.

The Federal Anti-Monopoly Service is investigating Neftmagistral and EuroTrans for potential price gouging in Moscow. The companies must submit gasoline and diesel pricing data by June 26.

The Chaffee County Sheriff's Office is investigating an attempted arson along County Road 390 near Clear Creek Reservoir, where three trees were burned using gasoline as an accelerant. The fire was extinguished before reaching a suspended plastic container on a third tree, and authorities are urging the public to report suspicious activity.

Brazil will end fuel subsidies for diesel and gasoline if oil prices stabilize near $80 a barrel, according to a senior Treasury official. The decision is linked to a U.S.-Iran deal aimed at resolving the Middle East conflict and reopening shipping lanes.

A tentative deal to end the Iran war may not lead to immediate drops in prices for gas, groceries, and airline tickets, as experts suggest these higher costs could persist even after oil production resumes in the Middle East.

Tatneft has restricted gasoline and diesel sales at its gas stations in some regions following a Ukrainian drone strike on its refinery. Passenger vehicles are now limited to 30 liters of gasoline and 60 liters of diesel per purchase.

Experts suggest that elevated prices for gasoline, groceries, and flights will persist beyond the Iran war, while people globally are questioning when these costs will decrease.

Consumer price inflation reached 4.2% in May, a three-year high driven by energy price spikes linked to the Iran war. Core inflation, excluding food and fuel, was 2.9%, exceeding the Federal Reserve’s 2% target and reducing hopes for an interest rate cut.

The Producer Price Index (PPI) reached 6.5%, the highest level since late 2022. Energy prices, particularly gasoline which surged 23.4%, were the primary drivers of the increase, along with record monthly growth for final demand goods.

Consumer price inflation rose to 4.2% in May, the highest in three years, driven by energy price spikes linked to the Iran war. Core inflation (excluding food and fuel) was 2.9%, with significant increases in apparel (4.8%) and transportation services (4.1%). The report dampened hopes for a Federal Reserve interest rate cut.

Consumer price inflation reached 4.2% in May, a three-year high driven by rising energy prices linked to the Iran war. The core inflation rate was 2.9%, with significant increases in fuel oil (58.9%) and gasoline (40.5%), dampening hopes for an interest rate cut.