Tag Archives: gas

Gas prices in the U.S. fell below $4 dollar per gallon for the first time since March, leaving Americans with more money to satisfy fast food cravings. “Never short the American appetite,” Citi Research U.S. Restaurant and Leisure Analyst Jon Tower, told Yahoo Finance (video above), adding that certain restaurant brands are now in a sweet spot to serve up returns for investors. Tower’s top picks include: YUM! Brands (YUM), Domino’s (DPZ) and Wingstop (WING). At the peak of higher gas prices in… Source link

Bobby East, a stock car driver who competed in NASCAR’s lower circuits and won three titles with the USAC, died after being fatally stabbed during an altercation at a gas station on Wednesday, local police confirmed to KTLA. He was 37 years old. Police in Westminster, part of north Orange County, California, had previously announced the stabbing occurred without identifying East, but his death has since been confirmed by a release from the USAC. The alleged suspect, Trent William Millsap,… Source link

The Biden administration is reeling from gasoline prices that crested to $5 per gallon in June and are still historically high. So are millions of drivers. But relief may be on the way. During a briefing for reporters on July 12, senior White House officials said a drop in wholesale gas prices suggests retail prices could drop by 50 cents per gallon or so in coming weeks. “We’ve seen the price of oil fall to a range of $100 per barrel, and we have not yet seen gas prices at the pump fall… Source link

Gas prices have come off their highs, but relief at the pump may be short-lived, says one analyst. “For the moment, we’re going to see the lowest prices we’e seen since May,” Tom Kloza, OPIS global head of energy told Yahoo Finance Live. “Unfortunately, I think we’re going to see prices rally after they find a bottom in the first half of July.” Prices at the pump have decreased to a national average of $4.68 per gallon, after topping $5 last month. Oil prices have been under… Source link

After hovering near the $5 mark for a while, the average price of gas could fall to $4 per gallon by mid-August, analysts predict. Gas prices have been retreating from their highs last month for a couple of weeks now. AAA reports the average price per gallon currently stands at $4.75 nationwide, a 16-cent drop from a month ago. Wednesday’s drop of 2.8 cents per gallon was the second largest single-day drop in the last decade. The decline comes on the heels of a Twitter feud between Jeff… Source link

Despite West Texas intermediate crude oil futures dipping below $100 per barrel on Tuesday, serious gas price relief may be unlikely happen until motorists make adjustments by driving less. “I think the only thing that’s going to make a dent in gasoline or jet fuel prices is demand destruction,” Vectis Energy Partners principal Tamar Essner said on Yahoo Finance Live after being asked when gas prices may drop below $4 a gallon (video above). “So we have to push higher until we get to that… Source link

With the Android Automotive Operating System (OS), Google is set to make the sharpest rise in the infotainment system space in the next five years. From its introduction in 2017 until now, the operating system has already been integrated in 13 vehicle models with many more to follow. The standout feature is Google Automotive Services (GAS). The GAS suite provides options for automakers to embed a series of services from Google, including Maps, Play Store, and Assistant. GAS… Source link

(Bloomberg) — One morning in early June, a fire broke out at an obscure facility in Texas that takes natural gas from US shale basins, chills it into a liquid and ships it overseas. It was extinguished in 40 minutes or so. No one was injured. Most Read from Bloomberg It sounds like a story for the local press, at most — except that more than three weeks later, financial and political shockwaves are still reverberating across Europe, Asia and beyond. That’s because natural gas is the… Source link

The effects of inflation and high gas prices are hitting hourly workers hard, a new survey finds. Eighty-one percent of these workers report that higher gas costs have cut into their ability to pay for other things. Seventy-seven percent say that financial stress is impacting their health — and 22% report turning to payday loans this year to bridge the gaps. These are “some really stark results” said Emerson Sprick, policy analyst at the Bipartisan Center, who helped oversee the survey, Source link

Germany is one step closer to having to ration its gas usage as supply from Russia starts to dry up, and the country’s top economic affairs official is warning that it could lead to an even larger economic spillover effect. As of Thursday, Germany has entered the second alert level of its emergency gas plan, according to Robert Habeck, Germany’s minister for economic affairs and climate action. At this level, “security of supply is currently ensured, but the situation is tense,”… Source link