Auto Added by WPeMatico
Summary AAA data showed average US gasoline prices rose 6 cents this week to $3.88 a gallon Friday Refinery outages in Russia and the United States are squeezing fuel supplies EIA data showed US petroleum products exports hit a weekly record 8.7 million bpd (Reuters) – U.S. drivers have seen gasoline prices climb again …
US Pain at the Pump Worsens After More US-Iran Fighting Lifts Oil Prices Read More »
(Reuters) – Gasoline and diesel markets are signalling a fuel supply crunch despite relatively subdued crude oil prices, suggesting the energy shock from the Iran war may be far from over. Energy prices surged after the U.S.-Israeli war on Iran led to the effective closure of the Strait of Hormuz, which carried about a fifth …
Fuel Markets Flash Supply Crunch Despite Calmer Oil Prices Read More »
By David Shepardson WASHINGTON, July 7 (Reuters) – Fuel costs for U.S. airlines jumped 85% in May to nearly $6.7 billion as the Middle East conflict drove up prices, the U.S. Transportation Department said on Monday. Airlines spent $3.62 billion on fuel in May 2025, compared with $6.66 billion in the same month this year. …
US Airlines Fuel Bills Rose by $3 Billion in May Read More »
(Reuters) – Americans are revving up for the Fourth of July holiday, undeterred by gasoline prices that remain elevated and well above historical levels. The easing of tensions between the U.S. and Iran has provided some relief at the pump, reducing fears that disruptions to oil shipments through the Strait of Hormuz could send fuel …
Americans Hit Road for July 4 Despite High Gasoline Prices Read More »
U.S. President Donald Trump said on Monday gasoline retailers must get prices down immediately and warned that there will be “big problems” ahead if they did not do so. Here are details: * “Gasoline Retailers must get their Prices down, IMMEDIATELY,” Trump wrote on Truth Social. * “There will be no gauging, which is …
Trump Urges Gasoline Retailers to Lower Prices, Warns of ‘Big Problems’ If They Don’t Read More »
Diplomacy between the U.S. and Iran has translated into relief at the pump for Americans, data showed on Monday, with gasoline prices falling for a sixth straight week and marking a 15% drop from their May peak. The national average price of gasoline fell 14.1 cents a gallon over the last week to $3.85 per …
US Gasoline Prices Tumble for Sixth Straight Week Read More »
LONDON, June 12 (Reuters) – Britain on Friday said that a full ban on diesel and jet fuel made in Russia would happen by 2027 as it set out its timeline to end a temporary licence for Russian oil products. Britain last month said it would continue to allow imports of diesel and jet fuel …
Britain Says Full Import Ban on Russian Diesel, Jet Fuel Will Happen by 2027 Read More »
By David Shepardson WASHINGTON, June 8 (Reuters) – Fuel costs for U.S. airlines jumped 78% in April to nearly $6.5 billion compared with the year before, as the Middle East conflict drives up jet fuel prices, the U.S. Transportation Department said Monday. Airlines’ fuel costs were up 26% over March and carriers used 2.6% less …
US Airlines’ Fuel Costs Soared in April to $6.5 Billion Read More »
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 »
