Latest News Updates From Chunzi Xu

BusinessFuel

Gas Prices Now Below $3 in 14 States

Gasoline prices have fallen for 60 consecutive days, letting American drivers pass on savings at the pump to consumer retailers during the U.S. economy’s all-important holiday season.

November 27, 2023
BusinessFuel

New York Steps Up as Unlikely Diesel Supplier

New York is rising to the fore as an unlikely diesel supplier, shipping out three cargoes in one week as Russia’s fuel export ban sends buyers searching for new supplies.

September 26, 2023
GovernmentSafetyFuel

Florida Faces Fuel Squeeze as Barge Traffic Falls

Florida is facing a potential squeeze on fuel supplies as shipments into the state slow just as demand is rising from consumers preparing for the threat of a major hurricane.

August 28, 2023
GovernmentBusinessFuel

Gasoline Prices Are Rising Again as Big Oil Profits Soar

U.S. gasoline prices are on the rise for the first time in 16 days, potentially posing a political challenge for the Biden administration ahead of elections even as it casts a spotlight on Big Oil’s massive profits.

October 28, 2022
BusinessTechnologyEquipmentFuelLogistics

Pump Prices Soar as Supply Cracks Outweigh Weak Demand

The U.S. is running low on gasoline on the West Coast and in the Midwest, where prices are surging on the street, defying falling futures markets.

September 23, 2022
GovernmentBusinessFuel

California Blackout Risk Spurs Diesel Demand for Generators

Diesel demand in California is soaring as the risk of blackouts in the state spurs big power users to load up on fuel for generators.

September 7, 2022
GovernmentBusinessFuel

New York Turns to Ships to Head Off Gas Shortage

New York gasoline inventories are so low that suppliers are resorting to expensive U.S. vessels to move fuel into the region and allay the potential for shortages.

August 22, 2022
BusinessFuel

Gas Demand Stalls at Height of Summer Driving Season

U.S. gasoline demand remains below where it was this time two years ago as historically high prices keep more drivers off the road than COVID-19 did in the summer of 2020.

July 20, 2022
GovernmentBusinessFuel

The World Can’t Get Enough of US Diesel as Exports Surge

The U.S. is exporting diesel at the fastest ever rate as the global market’s thirst for fuel remains insatiable.

July 15, 2022
GovernmentBusinessFuel

Gasoline Demand Dips Below 2020 Level

Expensive gasoline is keeping more U.S. drivers off the road than the COVID-19 pandemic did at this time two years ago.

July 13, 2022