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Stories Tagged as

Gas

Oil giant BP promises a "fundamental reset." What will that look like?

by Samantha Fields
Feb 12, 2025
BP didn't share many details, but the company has been losing money on renewables and will likely be doubling down on oil and gas.
Oil and gas company BP announced it would reset its business strategy after low profits in 2024.
Ian Waldie/Getty Images
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Tariffs are looming. But a lot of things are shaping oil prices this year.

by Elizabeth Trovall
Feb 4, 2025
Thanks to abundant supply and fairly flat demand, oil prices are forecast to fall — unless tariffs and geopolitics get in the way.
Despite abundant supply and flattening demand, oil prices have been volatile thanks to the threat of tariffs.
David McNew/Getty Images
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Trump's Second Term

What are the CAFE standards, the fuel efficiency regulations Trump may target?

by Henry Epp
Jan 13, 2025
These regulations have changed a lot since the 1970s. Each president has tinkered with them.
According to the EPA, average fuel economy across all vehicles in 2023 was 27 miles per gallon — more than double what it was in 1975.
Brandon Bell/Getty Images
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Gas prices are often excluded from inflation calculations, but they do make a difference

by Mitchell Hartman
Jan 8, 2025
The U.S. Energy Information Administration reports that pump prices on average were 21 cents lower per gallon in 2024 than they were in 2023.
Andrew Harnik/Getty Images
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Why it might be hard for Trump to reverse Biden's offshore oil ban

by Caleigh Wells
Jan 7, 2025
And why it might not have a big impact on U.S. offshore drilling anyway.
President Joe Biden is about to make it harder for incoming President Donald Trump to expand oil production in the U.S.
Mario Tama/Getty Images
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Renewable diesel finds a growing market

by Elizabeth Trovall
Dec 3, 2024
The biofuel made of vegetable oil and animal fat is primarily used on the West Coast. But it's more expensive to produce than regular diesel.
Renewable diesel, made of old cooking oil and animal fat, is increasingly fueling big rigs and heavy-duty vehicles.
Justin Sullivan/Getty Images
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Gasoline starts flowing to hurricane-affected regions of Florida

by Mitchell Hartman
Oct 14, 2024
Many stations saw a run on their supplies before Hurricane Milton, and delivery infrastructure was shut down after the storm.
Cars line up to get gas at a gas station in Englewood, Florida, on Oct. 11.
Joe Raedle/Getty Images
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Fracking shifts U.S. oil production away from California

by Daniel Ackerman
Sep 4, 2024
Once a leading source of oil, California produced fewer barrels of oil in June than in any month since the federal government began counting in 1981.
As fracking in places like the Permian Basin in Texas took off, California started pumping fewer and fewer barrels of oil.
Spencer Platt/Getty Images
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Natural gas demand is down, but producers can't just turn off the tap

by Henry Epp
Aug 20, 2024
The U.S. has a lot of gas stored up this year, and prices are accordingly low.
Consumers didn't need as much natural gas to heat their homes last winter, the warmest in the contiguous United States on record. Above, people enjoy the 70-degree weather along Chicago's Riverwalk in February.
Scott Olson/Getty Images
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Takeaways from one of the world's biggest energy summits

by Sabri Ben-Achour , Alex Schroeder and Natalie White
Mar 22, 2024
CERAWeek in Houston has shown that despite agreements to transition away fossil fuels, oil and gas are still deeply entrenched.
"The mood is very sour this year amongst the oilmen," says the Economist's Vijay Vaitheeswaran of CERAWeek.
Mark Felix/AFP via Getty Images
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