Gasoline

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.

Consumer price inflation reached 4.2% in May, the highest in three years, driven by energy price spikes linked to the Iran war. The core inflation rate was 2.9%, with significant increases in apparel and transportation costs. 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 energy price spikes linked to the Iran war. Core inflation was 2.9%, with significant increases in apparel and transportation costs. The war's economic costs have exceeded benefits from tax refunds under the Trump administration, according to Moody’s Analytics.

Brazil is increasing the ethanol blend in ordinary gasoline from 30% to 32%, with a decision by the national energy council expected in June. The move aims to reduce gasoline imports and mitigate the impact of higher oil prices.

Russia’s crude oil exports averaged 3.46 million barrels a day last month, a wartime high since the 2022 Ukraine invasion. Ukrainian drone strikes on refineries and terminals halted exports of gasoline and jet fuel, increasing crude oil sales amid rising prices, though upstream production is declining and the government faces compensation costs for refinery owners.

Vitol has warned that gasoline could be the next fuel to face a supply crunch. The article references a driver refueling a vehicle in Columbus, Ohio, as a contextual example.

India has raised diesel and gasoline prices for the fourth time this month, posing a threat to the economy's recovery. High local taxes on retail fuel risk exacerbating inflation and creating tension between fiscal and monetary policy objectives.

The Federal Reserve's preferred inflation gauge shows rising prices driven by ongoing conflicts, with gasoline prices highlighted as a key factor. AAA projects a record 45 million travelers for the Memorial Day weekend, indicating sustained demand despite economic pressures.

With the national average gasoline price at $4.55 per gallon ahead of a busy travel weekend, the article explores cost-saving strategies for drivers including reducing speed, switching to electric vehicles, or avoiding driving altogether.

US retail sales moderated in April due to surging gasoline prices. The increase in gas prices had a notable impact on consumer spending. This moderation may indicate a potential slowdown in economic growth.

The Iran war has led to increased prices for consumers, affecting gasoline and groceries. This impact is reflected in the inflation breakdown for April 2026. The chart provides a visual representation of these changes.

Gas prices have reached their highest level since July 2022, topping $4.50 a gallon, with drivers paying $1.56 more per gallon. This represents a 52% increase compared to prior to the Iran war. The significant rise in gas prices is affecting drivers.

US gasoline prices reaching $5 are unlikely according to oil analyst Schork. The statement provides some reassurance about the potential stability of fuel costs. This assessment may impact consumer confidence and spending.

Gas costs have increased by 50% due to the rise in crude oil prices after the Iran war. The main ingredient in gasoline cost is the price of a barrel of crude oil. This increase has significant implications for consumers and the economy.

Gas prices may decrease drastically in five states after a recent spike, with potential benefits for other parties. The decline is expected to be a double-digit dip. This change could impact various stakeholders, including consumers and energy companies.

The article explains the process of an oil refinery, detailing how crude oil is refined into products like gasoline, diesel, and kerosene through methods such as distillation and cracking. It provides an educational overview of the technical steps involved in refining.

Rising fuel prices in the US, driven by a deepening Middle East conflict, are pushing the travel industry toward mergers and acquisitions. Gasoline prices surpassed $4 per gallon for the first time since August 2022, signaling economic strain from global instability.

The U.S.-Iran war is causing price increases beyond gasoline, as petrochemicals from oil and natural gas are used in over 6,000 consumer products, according to the Department of Energy.

A gas station in Big Sur, California, is charging $9.99 per gallon for gasoline, with the owner stating he is not engaging in price gouging. He warns that rapidly rising gas prices could force him out of business.

Gasoline prices in the Los Angeles area have reached an average of $6 per gallon, marking an unwelcome benchmark. However, a few stations still offer gas at around $5, providing a more affordable option for drivers.