The Saudi oil minister rejects the implication that OPEC was assisting Russia, saying the discussion was in a nonpolitical ‘silo’ where the focus was prudent management of oil markets.
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Posted inBusiness, Nation & World, News
White House takes closer look at controversial gasoline export ban option
An export ban would mark the most radical step yet by the Biden administration to tackle gasoline prices.
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U.S. consumers gaining confidence as gas prices keep falling
The back-to-back monthly increases follow three straight monthly declines as American households were hammered by rising prices, particularly at the gas pump.
Posted inBusiness, Local & State, News
Maine’s average gas price falls below $4 a gallon for first time since March
The price has dropped by more than a dollar per gallon since peaking in mid-June.
Posted inBusiness, Local & State
Maine’s gas prices fall, but remain higher than national average
There is no clear reason why Maine’s average price is about 40 cents higher than the national average of $3.99, but several industry experts said the Northeast generally has higher gas prices than the rest of the nation.
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Oil companies see unprecedented profits as consumer prices soared
On Friday, Exxon Mobil booked an unprecedented $17.85 billion profit for the second quarter and Chevron made a record $11.62 billion.
Posted inBusiness, Local & State, News
At summer’s peak, tourism has been a mixed bag so far in Maine
Visitors are still coming, but higher gas and other prices have some reining in their spending.
Posted inBusiness, Nation & World, News
U.S. gasoline prices fall to 2-month low with pump pain easing
The nationwide average was at $4.495 a gallon, according to data released on Tuesday by the American Automobile Association.
Posted inBusiness, Local & State, News
Gas prices decline, but experts unsure if the trend will continue
The average price of regular gasoline in Maine is down 32 cents a gallon from its June peak, with York County reporting the lowest countywide average.
Posted inBusiness
High UAE gas prices stand out where cheap fuel was the norm
Dubai has benefited from an influx of wealthy Russians since the war on Ukraine, but the recent price surge in the tiny nation has shown the region isn’t immune to global market forces.