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  • Canada annual inflation rises in September on gasoline, food costs
    Reuters3 days ago

    Canada annual inflation rises in September on gasoline, food costs

    Canada's annual inflation rate rose to the highest in five months in September on higher prices for gasoline and food, moving closer to the central bank's target, data from Statistics Canada showed on Friday. The annual inflation rate rose to 1.6 percent last month from 1.4 percent in August, the highest since April and matching economists' forecasts. Underlying measures of inflation watched by the Bank of Canada also firmed, with CPI trim, which excludes upside and downside outliers, rising to 1.5 percent.

  • Reuters3 days ago

    Canada annual inflation rises in Sept on gasoline, food costs

    Canada's annual inflation rate rose to the highest in five months in September on higher prices for gasoline and food, moving closer to the central bank's target, data from Statistics Canada showed on Friday. The annual inflation rate rose to 1.6 percent last month from 1.4 percent in August, the highest since April and matching economists' forecasts. Underlying measures of inflation watched by the Bank of Canada also firmed, with CPI trim, which excludes upside and downside outliers, rising to 1.5 percent.

  • Market Realist4 days ago

    US Gasoline Inventories: Will Crude Oil’s Rally Be Short-Lived?

    US gasoline inventories rose for the fourth straight week. The inventories are 8.5 MMbbls or 4% higher than the five-year average.

  • Busan: ‘Gasoline’ Fills up at Project Market Awards
    Variety6 days ago

    Busan: ‘Gasoline’ Fills up at Project Market Awards

    Oh Seung-uk’s “Gasoline” from Korea was the front runner Tuesday at the Asian Project Market (APM), part of the Busan Film Festival. It picked up the Lotte award of $8,900 (KRW10 million) and the MONEFF award that provides $20,000 worth of post-production services. Bui Thac Chuyen’s “Glorious Ashes” (Vietnam) won the Busan award of $15,000. […]

  • Market Realist10 days ago

    Surprise Build in US Gasoline Inventories: Impact on Prices

    The US Energy Information Administration (or EIA) released its "Weekly Petroleum Status Report" on October 12. It reported that gasoline inventories rose by 2.4 MMbbls (million barrels).

  • Reuters10 days ago

    Gasoline boosts U.S. consumer prices, but underlying inflation muted

    U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared in the wake of hurricane-related production disruptions at oil refineries in the Gulf Coast area, but underlying inflation remained muted. The Labor Department said on Friday its Consumer Price Index jumped 0.5 percent last month after advancing 0.4 percent in August. September's increase was the biggest since January and pushed up the year-on-year gain in the CPI to 2.2 percent from 1.9 percent in August.

  • Reuters10 days ago

    U.S. retail sales surge, driven by autos and gasoline purchases

    U.S. retail sales recorded their biggest increase in 2-1/2 years in September likely as reconstruction and clean-up efforts in areas devastated by Hurricanes Harvey and Irma boosted demand for building ...

  • Reuters11 days ago

    U.S. crude inventories fall, gasoline posts surprise build -EIA

    U.S. crude oil inventories fell last week as refining rates rose, while gasoline posted an unexpected hefty build, the Energy Information Administration said on Thursday. Refinery crude runs rose by 229,000 barrels per day as utilization rates rose by 1.1 percentage points to 89.2 percent of total capacity, the EIA data showed. "The report is supportive given the larger than expected decline in crude oil inventories and the continued steady decline in distillate fuels," said John Kilduff, partner at energy hedge fund Again Capital LLC in New York.

  • Market Realist11 days ago

    US Gasoline Demand Could Fall and Pressure Crude Oil Prices

    The EIA estimates that weekly US gasoline demand fell by 281,000 bpd (barrels per day) to 9.2 MMbpd (million barrels per day) on September 22–29, 2017.

  • Market Realist11 days ago

    US Gasoline Inventories Could Help Gasoline and Crude Oil Prices

    The API (American Petroleum Institute) estimates that US gasoline inventories fell by 1.57 MMbbls (million barrels) on September 29–October 6, 2017.

  • Oxford to become first UK city to ban gasoline and diesel cars from center
    Autoblog11 days ago

    Oxford to become first UK city to ban gasoline and diesel cars from center

    "Everyone needs to do their bit ... to end this public health emergency."

  • U.S. producer prices increase as Harvey boosts gasoline prices
    Reuters11 days ago

    U.S. producer prices increase as Harvey boosts gasoline prices

    U.S. producer prices rose in September as the price of gasoline recorded its biggest increase in more than two years amid production disruptions at oil refineries in Texas caused by Hurricane Harvey. The Labor Department said its producer price index for final demand increased 0.4 percent last month after rising 0.2 percent in August. In the 12 months through September, the PPI jumped 2.6 percent.

  • Reuters11 days ago

    U.S. producer prices increase as Harvey boosts gasoline prices

    U.S. producer prices rose in September as the price of gasoline recorded its biggest increase in more than two years amid production disruptions at oil refineries in Texas caused by Hurricane Harvey. The Labor Department said its producer price index for final demand increased 0.4 percent last month after rising 0.2 percent in August. In the 12 months through September, the PPI jumped 2.6 percent.

  • Rigzone.com12 days ago

    EIA: US Crude Inventories Fall, Gasoline Posts Surprise Build

    US crude oil inventories fell last week as refining rates rose, while gasoline posted an unexpected hefty build, the EIA says.

  • Gasoline Prices Edge Lower As Hurricane Effects Subside (UGA)
    ETF Daily News12 days ago

    Gasoline Prices Edge Lower As Hurricane Effects Subside (UGA)

    From Jill Mislinski: It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are down six cents each from last week. According to GasBuddy.com, Hawaii has the highest… Read more ›

  • Barrons.com13 days ago

    2 U.S. Picks As Europe Outsources Gasoline Cards

    In the payment processing world, gasoline sellers in Europe are behind their U.S. counterparts in outsourcing credit card operations, but it's a big opportunity for two U.S. payment processing companies, according to fresh research from Jefferies. Jefferies analysts Ramsey El-Assal and Damian Wille note that that management of commercial fleet fuel cards in the United States has been outsourced over the past 20 years, but only two comparable programs have been outsourced in Europe and that could bring roughly $1 billion in new revenue. Likewise, cultural/political impediments to outsourcing often exist in Europe relative to the US.

  • Benzinga13 days ago

    Energy Sector Earnings: OPEC Calls On U.S. Shale Producers To Help Support Prices

    At the start of 2017—when WTI crude oil (/CL) traded in the low $50 range, Brent crude (/BN) was three to four dollars shy of the $60 mark and natural gas (/NG) wasn’t far from $3.50–it seemed like there ...

  • Rigzone.com14 days ago

    Kazakh Energy Officials Fired Over Gasoline Shortages

    Kazakh Prime Minister Bakytzhan Sagintayev fires two senior energy officials after the Central Asia's biggest oil exporter reported fuel shortages on the domestic market.

  • Tesla’s Elon Musk Reveals the Next Big Automotive Trend: Gasoline
    Fortune14 days ago

    Tesla’s Elon Musk Reveals the Next Big Automotive Trend: Gasoline

    America's greatest living inventor has done it again.

  • Market Realist18 days ago

    Are US Gasoline Inventories a Pain for Crude Oil Bulls?

    The EIA (U.S. Energy Information Administration) estimates that US gasoline inventories rose by 1.6 MMbbls to 218.9 MMbbls on September 22–29, 2017.

  • Oil Pulls Back Amid Big Gasoline Build-Up (USO)
    ETF Daily News19 days ago

    Oil Pulls Back Amid Big Gasoline Build-Up (USO)

    From Julianne Geiger: The American Petroleum Institute (API) reported a draw of 4.079 million barrels in United States crude oil inventories, compared to more modest analyst expectations that inventories would draw only 756,000 barrels for the week ending September 29. Gasoline inventories, on the… Read more ›

  • Now Oil Prices Have Risen Too Far, Too Fast (USO)
    ETF Daily News23 days ago

    Now Oil Prices Have Risen Too Far, Too Fast (USO)

    From SCS OTC Corp: Last Friday, we argued that the rally in WTI and Brent looked overstretched from technical and positioning viewpoints. This week obviously didn’t serve our viewpoint as geopolitical tensions in Iraq alongside bullish long-term calls from Citi… Read more ›

  • Expert Analysis: Oil Prices Have Risen Too Far Too Fast
    Oilprice.com24 days ago

    Expert Analysis: Oil Prices Have Risen Too Far Too Fast

    After another bullish week in oil markets it appears that the glut-clearing trends are indeed real, but oil prices may have risen too far too fast

  • Reuters24 days ago

    European sales of gasoline-powered cars overtake diesel - ACEA

    Sales of gasoline-powered cars have overtaken diesel in the first half of this year for the first time since 2009, the European Automobile Manufacturers Association (ACEA) said this week. The shift, following revelations that most diesel cars emit more pollutants on the road than laboratory tests suggested, saw gasoline car sales rise by nearly 10 percent from the first half of 2016, compared with an approximate 4 percent drop in diesel car sales in the same period, the group said. Sales of "alternative" vehicles - hybrid, electric, LPG (liquefied petroleum gas) and natural gas-powered ones - also rose by more than 35 percent to account for 5.2 percent of total car sales.