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By Robert Harvey LONDON, June 3 (Reuters) – Many airlines have been hit hard by price swings in the jet fuel market, and some are not in a position to hedge their exposure, the International Air Transport Association’s head of fuel said on Wednesday. Some airlines with more elaborate hedging strategies get a bit of …
Many Airlines Hit Hard by Jet Fuel Price Swings, Not All Can Hedge, IATA Says Read More »
By Rajesh Kumar Singh and Shivansh Tiwary American sticks to 2026 profit outlook despite fuel-price jump Isom says premium, corporate and leisure demand remain strong Spirit exit, premium-seat growth support revenue outlook CHICAGO, May 27 (Reuters) – American Airlines (AAL.O) is sticking with its recently lowered full-year profit outlook despite a sharp jump in fuel …
American Airlines Sees Resilient Demand Cushioning Fuel-Price Hit Read More »
By Nicole Jao Automobile association expects record 39.1 million to travel by car this weekend Gasoline prices surge due to Iran conflict; Strait of Hormuz closure impacts supply Analysts warn that low inventories, refinery outages and hurricanes could push prices higher NEW YORK, May 21 (Reuters) – Soaring gasoline prices and a looming fuel crunch …
Americans Brace for Pricey Summer Travel With Fuel Costs Near Multi-Year Highs Read More »
(Reuters) – U.S. crude and gasoline stockpiles fell last week as demand remained elevated, while distillate inventories were up, the Energy Information Administration said on Wednesday. Crude inventories fell by 7.9 million barrels to 445 million barrels in the week ended May 15, the EIA said, compared with analysts’ expectations in a Reuters poll for …
US Crude and Gasoline Inventories Fell Last Week on Strong Demand, EIA Says Read More »
By Helen Coster and Rich McKay Gas prices surge to more than $4.50 a gallon nationwide Some drivers increasingly limit travel, avoid higher-priced gas stations More Americans turn to public transit NEW YORK, May 19 (Reuters) – Mali Hightower’s answer to high gas prices is a toy he fished out of someone’s trash. The 30-year-old …
High Gas Prices Spur Americans to Improvise, From Bus Rides to Toy Cars Read More »
By Brad Brooks Summary Rural Colorado Trump supporters accept higher gas prices for Iran policy goals Many cite willingness to sacrifice economically to prevent Iranian nuclear threat Some express doubts about quick relief, but prefer Trump over Democrats Trump’s economic approval rating has declined sharply WIGGINS, Colorado, May 16 (Reuters) – Perched behind the cash …
Trump Says Iran War is Worth the Economic Pain. These Rural Voters Agree. Read More »
Gasoline accounts for a shrinking share of household budgets, but its political power can still make or break a presidency. By Kevin Crowley In his 1987 book, Trump: The Art of the Deal, then-real estate mogul Donald Trump wrote that one of his 11 “Elements of the Deal” is to “know your market.” Rather than …
Why the Price of Gas Is the Most Important Number in US Politics Read More »
Summary White House weighs gas tax suspension as fuel prices surge, options dwindle Polls show most Americans feel financial strain, many doubt war is worth the cost Some Republicans back gas tax suspension, but party leaders are so far noncommittal (Reuters) – Trump administration officials are scrambling to contain the economic and political fallout …
White House Has Few Tools for Gas-Price Relief as Iran War Drags On Read More »
(Reuters) – The U.S. House passed legislation on Wednesday that would allow nationwide year‑round sales of gasoline containing 15% ethanol, handing a major win to biofuel producers and farm groups while raising concerns among refiners about higher compliance costs. The H.R. 1346 bill, or the Nationwide Consumer and Fuel Retailer Choice Act, approved by a vote of …
US House Passes Bill Allowing Year-Round Sales of E15 Gasoline Read More »
NEW YORK, May 12 (Reuters) – U.S. crude oil inventories fell for a fourth straight week last week, while distillate inventories also declined. Motor gasoline stocks, however, rose, according to market sources citing American Petroleum Institute data released on Tuesday. Crude stocks fell by 2.2 million barrels in the week ended May 8, the sources …
