Gas prices have pushed the economy into the early stages of demand destruction, said Richard Hastings, a consumer strategist at Global Hunter Securities. He said he expects to see a mild reduction in retail sales growth starting in May. Read More
Union workers at Tesoro’s Anacortes, Washington refinery have authorized their representatives to call for a strike, one month after rejecting a new contract over benefit issues. Read More
John Hofmeister, former Shell Oil USA operations president and founder and CEO of Citizens for Affordable Energy, recently talked with NetNet’s C-Suite about what factors he is looking at when formulating his oil outlook Read More
Gas prices in all 50 states this week are back above $3 per gallon for the first time since December 15, when regular unleaded gasoline remained at this level for nearly 10 months. Read More
Gasoline prices could be a bit more costly for U.S. consumers this spring, thanks to the bankruptcy of a European refiner, the industry’s latest casualty. Read More