Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Government split over gas tax amid industry threats
The Albanese government is divided over whether to levy an additional tax on gas, as the Business Council of Australia and the gas giants argue it would damage future investment and weaken the nation's sovereign capability. Resources Minister…
Treasury Sec. eyes $3 gas
“It's bank week here in DC, so I've been meeting with a lot of my Middle Eastern counterparts, the finance ministers, and they all say when the straits are open they can start pumping again within one week,” Bessent said. “I'm…
Donald Trump predicts when gas prices will go down
President Donald Trump has said gas prices will go down 'tremendously' once the war with Iran is over with millions of Americans grappling with the soaring cost of fuel caused by the conflict. According to AAA, the average gas price is $4.108 per…
Americans told to drive less as gas prices soar
A top energy executive said Americans should consider driving less amid a spike in gas prices following the onset of the U.S. and Israel's war with Iran and subsequent shutdown of the Strait of Hormuz, a critical oil chokepoint. “People…
Will gas prices continue to surge this summer? Oil industry analyst weighs in
Matt Smith, an analyst with Kpler, says a prolonged disruption could send gas prices soaring and worsen jet fuel shortages on the U.S. West Coast.
Analysts Expect 51 Billion Cubic-Foot Build in U.S. Natural-Gas Inventories
U.S. natural-gas inventories likely increased by more than usual last week in a third straight build as the 2026 storage injection season gets into stride, according to a Wall Street Journal survey. Natural gas stored in underground facilities is…
The Williams Companies: A Natural Gas Giant Building A High-Yield Future (NYSE:WMB)
The Williams Companies, Inc. remains a Buy, with an $80.79 price target and 13% upside, driven by stable, predictable income from its dominant natural gas transmission business. WMB's near-pure-play exposure to natural gas and integrated…
Spire to Sell Natural Gas Storage Assets to I Squared for $650 Million
Spire agreed to sell its natural gas storage assets in Wyoming and Oklahoma to I Squared Capital, an infrastructure investment manager, for $650 million. The deal includes $600 million in cash at closing and a $50 million deferred payment to be…
Bessent Optimistic Gas Prices Fall Back to $3 This Summer - TT
A driver refuels a vehicle at a gas station in Los Altos, Calif. (David Paul Morris/Bloomberg) Treasury Secretary Scott Bessent said he was “optimistic” that the price of gasoline will abate over the crucial summer driving season…
Chevron executive tells Americans facing high gas prices to 'drive less'
A Chevron executive offered blunt advice to Americans facing steep gas prices as a result of the Iran war - use your car less. Andy Walz, the president of downstream, midstream and chemicals at Chevron, told CBS News there's no “silver…
UK's Spirit Energy Plans to Cut 100 Jobs in Gas Restructuring
Spirit Energy Ltd. plans to restructure its business and cut jobs as its main shareholder, Centrica Plc, scales back natural gas production in the aging North Sea basin. Spirit has begun a consultation with personnel on reorganizing the business…
Gas Spending Jumped 16% for BofA Customers Amid the War in Iran
Bank of America Corp. saw its customers' spending on gas soar 16% in March as the war in Iran led to a jump in oil prices. For the quarter, spending on gas was up 3%, according to a presentation on the company's website. BofA offered the breakdown…
U.S. Natural Gas Inches Up After String of Losses
0918 ET – U.S. natural gas futures continue in rangebound shoulder-season trade, edging up after a string of session losses. Weather-driven demand is likely to recover into early next week, Eli Rubin of EBW Analytics says in a note. Also…
It's time for the gas giants to pay their fair share
You have reached your maximum number of saved items. Remove items from your saved list to add more. Ross Gittins makes it sound so easy to increase tax on large companies for exported gas, so why isn't it being done (“ There's an easy way to…
Here's where to find the cheapest gas in America right now - up to 34 cents a gallon below the national average
Gas prices, which have climbed by about $1 per gallon on a year-on-year basis to an average of $4.11 nationwide, are already hitting Americans' wallets. Spending at the pump in March increased 16.5% month-over-month, according to data from Bank of…
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