Consumers hit with the highest gasoline prices since 2014 as they get ready for summer vacations.
Consumers hit with the highest gasoline prices since 2014 as they get ready for summer vacations.
Iran remains something of an elephant in the room for the crude oil market.
Prices remain distorted by the Colonial fuels pipeline outage and an extraordinary spike in gasoline demand.
The Colonial Pipeline meets about half of the East Coast market demand for refined petroleum products.
Refinery issues in the U.S. Gulf Coast are compounding the issue, with gas prices set to break $3 just in time for summer.
With COVID strains seemingly easing in the U.S., the summer travel season could be a busy one.
Crude oil prices fell despite a relatively lackluster weekly market report.
Gasoline supplied to the market is far below comparable 2019 levels.