The Latest Breaking News from EIA

What causes high gas prices?

The price of crude oil is the single biggest contributor to the retail price of gasoline.

USAFacts · Sep 1, 2023

Crude Sharply Higher on Report Russia Will Extend Its Export Cuts

October WTI crude oil (CLV23 ) Friday closed up +1.92 (+2.30%), and Oct RBOB gasoline (RBV23 ) closed up +2.53 (+0.99%). Crude oil prices Friday closed sharply higher, with crude rising to a 9-1/2 month nearest-futures high. Crude prices extended Thursday's sharp gains on a report that Russia has agreed...

Barchart · Sep 1, 2023

Crude Extends Thursday's Rally on Report Russia Will Extend Its Export Cuts

October WTI crude oil (CLV23 ) this morning is up +1.36 (+1.63%), and Oct RBOB gasoline (RBV23 ) is up +3.00 (+1.17%). Crude oil prices this morning are moderately higher, with crude rising to a 9-1/2 month nearest-futures high. Crude prices extended Thursday's sharp gains on a report that Russia...

Barchart · Sep 1, 2023

Crude Prices Push Higher After Weekly EIA Crude Inventories Plunge

October WTI crude oil (CLV23 ) this morning is up +0.25 (+0.31%), and Oct RBOB gasoline (RBV23 ) is up +2.65 (+1.04%). Crude oil and gasoline prices this morning are moderately higher, with crude climbing to a 2-week high. A slump in the dollar index (DXY00 ) today to a...

Barchart · Aug 30, 2023

Crude Rallies on Dollar Weakness and China Stimulus

October WTI crude oil (CLV23 ) on Tuesday closed up +1.06 (+1.32%), and Oct RBOB gasoline (RBV23 ) closed down -1.04 (-0.41%). Crude oil and gasoline prices on Tuesday settled mixed, with crude climbing to a 1-week high. A weaker dollar Tuesday was supportive of energy prices. Also, actions by...

Barchart · Aug 29, 2023

Himalayan blunders that are ravaging the Himalayas

In a time of the unpredictable impact of climate change events, conservation of the Himalayan region is vital

The Hindu · Aug 27, 2023

Crude Closes Slightly Higher on Strength in U.S. Economic News

October WTI crude oil (CLV23 ) on Thursday closed up +0.16 (+0.20%), and Oct RBOB gasoline (RBV23 ) closed up +2.15 (+0.84%). Crude oil and gasoline prices Thursday closed moderately higher. Stronger-than-expected U.S. economic news Thursday signals strength in the economy that is bullish for energy demand and crude prices....

Barchart · Aug 24, 2023

Nat-Gas Prices Gain on Smaller-Than-Expected Weekly EIA Inventories

September Nymex natural gas (NGU23 ) on Thursday closed +0.022 (+0.88%). Nat-gas prices Thursday posted moderate gains after weekly EIA nat-gas inventories rose +18 bcf, less than expectations of +31 bcf. Gains in nat-gas prices were limited on the outlook for cooler temperatures to move into the lower 48 U.S....

Barchart · Aug 24, 2023

NGT withholds green nod granted for fishing harbours near Kaliveli bird sanctuary

NGT withholds green nod granted for fishing harbours near Kaliveli bird sanctuary

The Hindu · Aug 24, 2023

Crude Edges Lower on Dollar Strength and Energy Demand Concerns

October WTI crude oil (CLV23 ) this morning is down -0.23 (-0.29%), and Oct RBOB gasoline (RBV23 ) is up +0.64 (+0.25%). Crude oil and gasoline prices this morning are mixed, with crude falling to a 1-month low. A stronger dollar today is weighing on energy prices. Also, weakness in...

Barchart · Aug 24, 2023