Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil and gas industry expected surplus - but war brought shortage
In 2023, the International Energy Agency predicted that by 2028 the world's oil companies would produce more oil than people wanted to buy. Prices responded to that and similar projections of slowing oil demand, dropping too low to attract…
Indiana governor extends gas tax suspension
Indiana Gov. Mike Braun (R) said Wednesday he is extending his state's gas tax suspension as fuel prices elevate due to the ongoing war in Iran “Today I announced another gas tax extension with additional relief for farmers,” Braun…
Map shows states suspending gas tax as Indiana extends pause
Multiple states are continuing to waive their fuel taxes and extend existing moratoria as households and the wider economy grapple with a surge in costs sparked by the Iran war. According to AAA, the nationwide average for regular unleaded sits at…
Calls for gas tax suspensions grow as Americans struggle with high prices
With gasoline prices hovering near $4.50 a gallon amid the Iran war, calls to suspend federal and state gas taxes are gaining momentum. Multiple states, including Indiana and Georgia this week, have either suspended or reduced their own fuel taxes…
BMW built the same car for gas and electric. The EV is $4,400 cheaper.
For years, automotive analysts have been predicting that electric vehicles would become cheaper than their gas-powered equivalents. They figured it would happen sometime in the latter half of the 2020s. BloombergNEF, for example, expected it to…
Heat-trapping gas once frozen in Arctic ground is slowly leaking and warming the planet
As Ted Schuur stepped along the edges of Smith Lake, a bubble surfaced from the muck underfoot. And then another. They're bubbles of methane, a potent heat-trapping gas made from decomposing plants and animals that had once been stuck in Alaska's…
New UK gas and oil projects are a 'no-brainer', says EDF boss
New oil and gas projects are a “no-brainer” that pose “no contradiction” to the net zero agenda, according to the head of EDF Energy. Simone Rossi has joined a string of renewables leaders in making the case for more…
First Direct Image of Protoplanet Swirling Surrounding Gas
The formation and evolution of planets is the driving force behind both where and how we might find life beyond Earth. This complex and lengthy process first begins with a massive ball of gas and dust that swirls until it flattens into a disk…
WATCH: Trump announces $54 billion South Korean investment in Alaska natural gas pipeline
WASHINGTON (AP) — President Donald Trump announced on Wednesday plans for South Korea to invest roughly $54 billion to export natural gas from Alaska, a project long backed by Republican Sen. Dan Sullivan, who's in a competitive reelection…
Supreme Court case could crimp states' ability to sue oil and gas firms over climate change
In early 2018, Boulder County, Colorado, filed a lawsuit against oil major Exxon Mobil and Suncor Energy, accusing the companies of public and private nuisance, trespassing, unjust enrichment, and civil conspiracy related to their alleged…
Natural Gas Falls Below $3/mmBtu Threshold
0946 ET – Natural gas futures have fallen below the $3 per million British thermal units threshold. Futures are looking for support, says EBW Analytics in a note. But it being the end of the month, natural gas futures may soon stop their…
The Oracle of Wall Street says the pain of high gas prices is starting to hit high-income Americans
A renowned forecaster on Wall Street says the economic pain of the Iran war is becoming more widespread among US households. Meredith Whitney, also known as the ' Oracle of Wall Street,' says the inflationary impact of higher oil and gas prices is…
Finance Ministry looks to cut gas prices by 50 agorot, pending Attorney-General approval
The Finance Ministry is seeking to cut gasoline prices by another 50 agorot per liter for one month after the price rose overnight Thursday to a record NIS 8.27 per liter, with the move still awaiting approval from the attorney-general. Finance…
Metro Detroit drivers finally catching a break at the gas pump
WARREN, Mich. — For the first time in more than two weeks, motorists across Southeast Michigan are seeing a consistent downward trend at gas stations. According to AAA data referenced in the report, the average price for a gallon of regular…
Two Ole Miss students are dead. Trump must ban 'gas station heroin' now
At least 5,208 overdose deaths from 2020 to 2024 involved kratom, according to Centers for Disease Control overdose data. (By comparison, crack — the byword for a national drug crisis — killed about 6,000 people across 25 big cities…
Receive a Daily briefing on Gas Industry News
Get Started