Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Gas prices: Slight decreases at the pumps to begin the week
The national average price for a gallon of regular gas slightly dropped on Monday to $4.52. While this is still significantly higher than a month ago, a week ago, and earlier this year, it is less expensive than over the weekend, such as on Sunday…
Wright on gas prices: 'I can't make any predictions'
Energy Secretary Chris Wright said Sunday he is “avoiding” predictions on gas prices, as the average cost has reached its highest point amid the war in Iran. “I can't make any predictions about… oil prices or gasoline…
High gas prices are hurting restaurant sales - but not all chains
Restaurant chains like Chipotle, Domino's Pizza and Applebee's reported that sales softened in March as gas prices climbed. Across the restaurant industry, traffic fell 2.3% in March compared with the year-ago period, according to Black Box…
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Gas-O-Fast signs on Rakesh Bedi as brand ambassador
Mankind Pharma has announced that veteran actor Rakesh Bedi is the new face of Gas-O-Fast, its fast-acting Ayurvedic antacid brand. The association, unveiled through a new ad film, leans into Bedi's iconic comic timing and his recent pop-culture…
Energy secretary says he's 'avoiding price predictions' as gas prices climb
Energy Secretary Chris Wright on Sunday refused to rule out the possibility that U.S. gasoline prices could reach $5 a gallon, saying he is “just avoiding price predictions ” as the national average continues to rise amid the Iran war…
Kodiak Gas: Q1 Earnings Snapshot
THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Kodiak Gas Services Inc. (KGS) on Monday reported first-quarter profit of $17.8 million. The The Woodlands, Texas-based company said it had profit of 20 cents per share.
Think $6 Gas Is Bad? It's About to Get Even Worse in California.
A supertanker docked in Long Beach just delivered California's last incoming shipment of Middle Eastern oil, a grim milestone for drivers already paying the nation's highest fuel prices. After the New Corolla fully discharges its Iraqi oil at the…
Shell game: How Australian gas giants are using Singapore to reduce taxes
On a muddy waterway near Gladstone, about 500 kilometres north of Brisbane, tanker ships like this one are a common sight. Each holds enough liquefied natural gas (LNG) to power a city the size of Melbourne for a week. The ship is docked at Curtis…
Wright: Trump 'open' to suspending gas tax during Iran War price surge
May 10 (UPI) -- Energy Secretary Chris Wright said Sunday the Trump administration is 'open' to the possibility of suspending the federal tax on gasoline sales as prices spike amid the U.S.-Israeli war against Iran. Wright said during an appearance…
California gas prices could spike as imported oil supply dries up, industry warns
California may soon have to battle other states for oil resources as its imported supply runs dry, a leading lobbying group has warned. Jodie Muller, CEO of Western States Petroleum Association, said the limited amount coming into the Golden State…
European Gas Prices Rise on Stalled Peace Talks But LNG Transits Limit Gains
0735 GMT – European natural-gas prices rise as stalled U.S.-Iran talks fuel concerns over prolonged disruptions to global energy markets. In early trading, the benchmark Dutch TTF front-month contract is up 1.3% to 44.74 euros a megawatt…
U.S. Energy Secretary Says He Can't Make Predictions About Gas Prices
Energy Secretary Chris Wright said Sunday on NBC's “Meet the Press” that he couldn't make predictions about gasoline or oil prices. Previously in March, about two weeks into the Iran conflict, he said “ there's a very good…
Oracle Forced to Cancel Incredibly Polluting Natural Gas Plant to Power AI Data Center
Can't-miss innovations from the bleeding edge of science and tech The tech industry has done a poor job of hiding the environmental footprint of AI data centers, which hoover up electrons like nobody's business. With America's crumbling energy grid…
Ex-Fortescue execs to take control at struggling gas producer Strike
Two former Fortescue executives, including Andrew Forrest's former lieutenant Nev Power, have taken the top jobs at Western Australia's Strike Energy, the latest in a string of leadership changes at the struggling gas producer and developer.
Chris Wright doesn't rule out $5 gas as Iran war strains global fuel supply
Energy Secretary Chris Wright did not rule out the possibility of gas reaching over $5 per gallon due to the Iran war, saying he is “avoiding price predictions.” This past week, Wall Street raised concerns about the possibility of gas…
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