Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump Alone Can Fix Gas Prices-But Not Likely This Summer
With the Strait of Hormuz closed for 96 days and no end to the Iran war in sight, an energy expert told Forbes gas prices “will get worse before they get better”—as Americans make trade-offs to get away this summer. On May 27…
Europe Is Stockpiling Enough Gas to Avoid Another Energy Crisis
To gauge the outlook for European inflation it helps to go underground: to the dozens of natural gas storage sites used to stock up on fuel during the summer for use in winter. Although the seasonal refill is going slowly, Europe is probably going…
U.S. Natural Gas Futures Rise on Weather Outlook
0910 ET – U.S. natural gas futures gain in early trading with warmer weather forecasts lifting demand expectations for coming weeks. “The first test could come tomorrow and into the weekend where the northeast will see the mercury…
Surging gas prices are hitting the Pentagon: Most affected equipment
The U.S. Defense Department is facing $1 billion in unexpected fuel costs, a new report shows, and the hike is likely to hit fuel-thirsty American military aircraft such as bombers the hardest as the world reels from unpredictable oil and gas…
AI Power Boom Revives Natural Gas as Infrastructure Bet
A surge in electricity demand from artificial intelligence and data centers is reshaping North America's power markets, creating a “renaissance” for natural gas after decades of limited new development, according to KKR & Co. partner…
How fuel prices stand as Georgia's gas tax break ends
Georgia drivers are beginning to see higher fuel costs after the state's temporary gas tax suspension expired at midnight on June 2, ending months of relief at the pump. The increase comes even as U.S. gas prices have now started to fall. Despite…
What Explains the Growing Divide Between Oil and Gas
The future of energy, transport, sustainability and more, as told by BNEF analysts. Each week, Dana Perkins sits down with BloombergNEF (BNEF) analysts to uncover the key findings and stories behind their latest research. The future of energy…
Think gas prices are high now? This quiet shift at U.S. refineries could trigger an even more painful summer.
U.S. refiners are producing and exporting jet fuel at a record clip at the expense of their gasoline and diesel runs, a worrying mismatch as the summer travel season kicks into high gear and stockpiles dwindle. Refiners have moved quickly to stem…
Oil execs warn Trump that gas prices could spike due to dwindling supplies: report
Several oil industry executives have reportedly privately warned the White House that the ongoing closure of the Strait of Hormuz is straining global oil inventories and could lead to gas price spikes in the coming weeks. For more than three…
Republicans Don't Get To Sabotage EVs, Subsidize Gas, And Then Pretend They Merely Leveled The Playing Field
Any time someone points out gas was more expensive when Biden was president, you immediately know they're a troll. We all know Putin invading Ukraine was what made gas expensive in 2022 while Trump's inflated gas prices are entirely self-inflicted…
Beer Demand Goes Flat As Even Alcoholics Pull Back With Gas Above $4
Beer sales across the U.S. over Memorial Day weekend were troublingly soft, according to a new Goldman report, which attributed the weakness primarily to a 'challenging macro backdrop' and unusually cold weather across parts of the Lower 48 states.
Field Notes: AliExpress Summer Sale, Falling Foot Traffic at Gas Stations
This week, we learned from Placer.ai that due to high gas prices, foot traffic at the nation's gas stations fell sharply in May. There was an exception, though: wholesale clubs. In other news, AliExpress is holding its annual summer sale with steep…
Data centers are driving demand for gas from Northwest utilities, reports find
Electric utilities in Washington and Oregon are turning to gas to meet rapid and growing energy demand from data centers, according to recent reports. Two analyses from the Hood River-based conservation organization Columbia Riverkeeper and the…
Gas prices are falling despite the Iran war's impact. Will it last?
Drivers stung by high gas prices have enjoyed some welcome relief over the last couple of weeks, even as the impact of the Iran war continues to choke off oil supply. The national average price of a gallon of gas stood at $4.26 on Wednesday…
This natural gas stock has lots of upside even after U.S.-Iran war ends, JPMorgan says
Venture Global is poised to stage another rally as signs of the Iran war's longer-term impacts on commodities — including natural gas — begin to emerge, according to JPMorgan. The investment bank upgraded the gas name to overweight…
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