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The Latest Breaking News from Tom Kloza

Another Gas Price Shock Could Be Coming As Analysts Warn Oil Disruptions Are Deepening

American drivers could soon face another wave of higher fuel costs as analysts warn that worsening disruptions in global oil markets may push gasoline and diesel prices sharply higher.

Latin Times

Indian, US fuel exporters reaping bonanza amid oil supply uncertainty due to wars

India and U.S. oil refiners are benefiting from global fuel supply disruptions caused by wars in Iran and Ukraine, boosting refined fuel exports and margins. India is emerging as Asia’s swing supplier as Middle Eastern and Russian supplies tighten, while U.S. refiners expand diesel and jet fuel exports. Strong demand,…

The Economic Times

Wall Street knows something about Trump and Iran: Both sides are running out of time

Strait of Hormuz traffic saw an uptick over a volatile weekend.

Fortune

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read the most diverse news in one place.

Trump will address the nation about the Iran war on Wednesday. Here’s what to expect

Oil analysts warn April will be the cruelest month yet for energy prices, and a presidential speech may not be enough to change that.

Fortune

How the Iran crisis could raise gas, shipping and grocery bills in the US

The U.S. launched its military operation against Iran over the weekend

The Independent UK

Oil prices plunge after Iran retaliates with attack on American air base

The price of West Texas Intermediate, the U.S. benchmark for crude oil, fell 7.2 percent to $68.51 per barrel on Monday

The Independent UK

What's next for oil and gas prices as Middle East tensions heat up?

Oil prices climbed this week as unrest in the Middle East escalated

The Independent UK

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96-cent hike in two weeks: California gas prices shrouded in secrecy amid historic cost spike

As Californians look down the barrel of gasoline prices just cents away from hitting another all-time record, Gov. Gavin Newsom is quick to blame the oil industry for “ripping you off.” But even as Sacramento considers levying a punitive tax on oil companies, experts say state regulators have woefully little…

Tribune News Service

California gas is ‘out of whack’ – nearly $2 more than national average

California has long been known as the country’s priciest place to fill up your tank, but these days the Golden State is “completely out of whack.”

Tribune News Service

5 reasons why you’re paying way less at the gas pump

For nearly 60 straight days, drivers have seen a steady drop in gasoline prices — something that seemed unfathomable earlier in the summer when the average price nationally approached $5 a gallon.

Tribune News Service

Explainer: Why gas prices are falling

Gas prices hit record highs just two months ago, but now they're sinking below $4 a gallon

The Independent UK

Here’s why you might pay more at the gas pump this spring because of Russia’s attack on Ukraine

Russia’s invasion of Ukraine means U.S. drivers could pay more at the gas pump this spring.

People

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California Energy Commission

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