Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What Gas Prices Do Next Is Anyone's Guess
With the Strait of Hormuz closed for 82 days and Memorial Day Weekend upon us, Americans could face $5-a-gallon gas this summer, an energy expert told Forbes. Gas prices are 42% higher for Memorial Day Weekend than they were last year. Gas cost…
Story of the man-and company-that turned gas stations into destinations
When Americans think of destination travel, it generally involves cities like New York, Los Angeles or Las Vegas. Or natural wonders like the Grand Canyon or beach destinations like Florida's Emerald Coast or Hawaii. But one entrepreneur managed to…
At least eight dead and dozens trapped in coal mine after gas explosion
A gas explosion at a coal mine in China has killed at least eight people and trapped 38 underground, state media reported Saturday. The accident at Changzhi city's Liushenyu coal in the northern province of Shanxi mine happened Friday evening…
Chevron, California in Spat Over High Gas Prices - TT
A sign blaming Sacramento policies for high gas prices is displayed at a Chevron gas station in Alameda, Calif., on May 21. (Terry Chea/AP) California Gov. Gavin Newsom and Chevron are publicly clashing over who is responsible for soaring gas…
BJ's Wholesale's earnings show that cheap gas matters for people
Shares of BJ's Wholesale Club rallied in early Friday trading after the membership-based warehouse retailer's fiscal first-quarter earnings beat expectations, saying demand for its discount gasoline provided a big boost. The results came as…
BJ's Competitive Gas Stations Drew Traffic in 'Record' Numbers in 1Q -- OPIS
'Our gas business continued to be a powerful proof point of our value proposition as families increasingly relied on BJ's for savings at the pump,' said Eddy, noting that by the end of Q1, retail gas prices rose nearly 50% compared to the start of…
Walmart Highlights Consumers' Affordability Concerns as Gas Prices Soar
This article is for subscribers only. Welcome to Bloomberg's Retail Monitor. Every Friday we'll deliver you clear insights on industry trends, headwinds and emerging opportunities. Sign up now if you're not already on the list. Walmart says…
At least 82 dead and nine missing after 'gas explosion' at coal mine
AT least 82 people have been killed and nine others are missing following a terrifying gas explosion at a coal mine in China, reports say. An urgent rescue operation was launched on Friday night shortly after the deadly blast – with 247…
Inflation Angst Spreads as Consumers Spooked by Rising Gas Bills
Summer is shaping up to be bleak for the US consumer. Americans have been struggling for months with high gas prices and persistent inflation and consumer sentiment has hit a record low. The boost some got from tax refunds is fading. Now retailers…
Americans are paying $2 billion more for gas this Memorial Day weekend than they did last year
As Memorial Day weekend gets under way, gas is the most expensive it's been all year — and prices at the pump will likely go even higher before they retreat. So will drivers finally crack under the pressure? What happens to their budgets as…
Fracking could open the door to 10 years of gas supply but is there a risk?
The SA government says it believes a decade's worth of state gas supply sits below the Limestone Coast as it tries to remove a ban on fracking in the region. A gas market analyst isn't sure companies will be willing to take on the financial risk of…
Don't buy Chevron gas this Memorial Day weekend, Newsom's office says
California Gov. Gavin Newsom is in a spat with a major oil company over who is to blame for the state's high gas prices, with the Democratic governor's office urging drivers not to fill up at Chevron stations over Memorial Day weekend. “Pro…
Purchasing American Natural Gas One Of The More Compelling Commodity Market Opportunities
U.S. natural-gas prices began the year at $3.62 per mcf and, by January 28, had surged to $7.50—an increase of more than 100 percent in less than four weeks. Bitterly cold temperatures settled over the eastern half of the United States…
Inside the online army fighting the gas tax war (and it's not over)
Shane Johnson must have known it was a set-up. Senator David Pocock had asked him to confirm that the Petroleum Resource Rent Tax yielded less revenue than the tax on beer. Johnson, a deputy secretary in Treasury's macroeconomics division, said…
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