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The Latest Breaking News from Gas Prices

Why Gas Prices May Rise This Spring

Gas prices are being hit by several factors causing them to tick up this spring.

Kiplinger

Investors Are Pooling Into This High-Volume ETF - Is It Buy Worthy?

Investors look interested in ProShares Ultra Bloomberg Natural Gas (BOIL) ETF, as evidenced by its significantly high trading volume lately. Since the recovery of natural gas prices from the current level looks highly unlikely in the near term, is it wise to invest in this fund now? Read on to…

StockNews.com

Will California's new oil and gas legislation bring gas prices under control?

SAN DIEGO — Gov. Gavin Newsom signed legislation in mid-March to create new oversight of the oil and gas industry, which could lead to fines.

Tribune News Service

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Investors Shorting Out-of-the-Money Exxon Put Options Are Still Making Good Money

Exxon stock has done well over the last month, making money for investors who shorted puts in out-of-the-money (OTM) puts. This trade still looks good with strong oil and gas prices.

Barchart

Scotland's deficit to grow as oil and gas prices tumble

SCOTLAND’S budget deficit is forecast to grow because of falling oil and gas prices – sparking a warning from a top economist.

The National (Scotland)

Bulb bailout may cost UK government billions less than feared, says watchdog

National Audit Office estimates bill of £246m for saving energy supplier as result of sharp fall in gas prices

The Guardian - UK

California lawmakers OK potential fines for high gas prices

California lawmakers have approved the nation's first penalty for price gouging at the pump

The Independent UK

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Editorial: Sunlight can help California rein in Big Oil’s greed

After months with little apparent progress, Gov. Gavin Newsom’s proposal to hold the oil industry accountable for high gas prices and deter price gouging is now on a fast track toward passage in the California Legislature.

Los Angeles Times

Fill up Your Portfolio With These 3 Gas Stocks

Regardless of the retreat in oil and gas prices from their peaks a year ago, resurgent global energy demand amid constrained supplies appears to be an enduring tailwind for U.S. energy producers. Hence, it could be wise to invest in fundamentally sound gas stocks, Marathon Petroleum (MPC), CVR Energy (CVI),…

StockNews.com

3 Energy Stocks Heating up Right Now and 1 That's Not

Regardless of the retreat in oil and gas prices from their peaks almost a year ago, resurgent global energy demand amid constrained supplies appears to be an enduring tailwind for U.S. energy producers. Hence, while it could be wise to invest in fundamentally sound energy stocks, Shell (SHEL), PBF Energy…

StockNews.com

How cars 'waste' two thirds of their fuel

With the rise in gas prices showing no signs of abating, it seems like an appropriate time to ask ourselves: are our cars not efficient enough? Europe has decided to ban the production of new combustion engine-powered vehicles by 2035, but most passenger vehicles currently on roads in France and…

The Conversation

Doubling of BP boss pay to £10m is a ‘kick in the teeth’, say campaigners

Bernard Looney’s bumper pay package follows annual profits of £23bn linked to soaring gas prices sparked by Russia-Ukraine war

The Guardian - UK

Give Your Portfolio an Energy Boost With These 4 Stocks

Regardless of the retreat in oil and gas prices from their peaks almost a year ago, resurgent global energy demand amid constrained supplies appears to be an enduring tailwind for U.S. energy producers. Hence, it could be wise to invest in fundamentally sound energy stocks, Valero Energy (VLO), Unit Corporation…

StockNews.com

Gov. Newsom blames oil companies for California's high gas prices. Could the state sue them?

SACRAMENTO, Calif. — As lawmakers debate who is to blame for California’s high gas prices, Attorney General Rob Bonta is seeking millions of new dollars to investigate and possibly sue oil companies over the matter.

Tribune News Service

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Tribune News Service

PG&E delivers bill shocks to customers amid soaring natural gas prices

Soaring prices for natural gas and this winter’s icy blasts have jolted unsuspecting PG&E customers with brutal — and fast-rising — monthly utility bills.

The Conversation

Gas prices are falling but your energy bills still won't be affordable any time soon

Wholesale gas prices – the price paid by the company that then sells it on to you – are at last starting to fall to levels below where they were before Russia invaded Ukraine in February 2022, though not back to levels before the global economy restarted after COVID lockdowns.

Salon

High gas prices lead to climate rollback

Industry lobbyists' well-funded referendum could sway voters with misinformation

The Guardian - UK

UK inflation could fall below 2% this year, Citi forecasts

Falling gas prices and CPI decline could boost public finances before 2024 general election

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AAP

Russian invasion fuels Santos profits as prices surged

Profits for natural gas supplier Santos more than doubled in 2022 as it benefited from rising gas prices and demand caused by the Russian invasion of Ukraine.

The Guardian - UK

Hit that switch: UK energy suppliers will get competitive again

Suppliers are expected to feel empowered by an easing in prices this year to hunt for customers

Tribune News Service

Feds using 'enhanced surveillance' to see what's behind the natural gas spike in California

The head of the Federal Energy Regulatory Commission that oversees the interstate transmission of natural gas, electricity and oil on Thursday would not say whether it will launch a formal investigation into soaring natural gas prices in California but did say the agency has assigned staff to examine whether any…

WEKU

Inflation eased again in January – but there's a cautionary sign

Annual inflation cooled in January for the seventh month in a row. But price increases accelerated between December and January, fueled by rising shelter, food and gasoline prices.

Bangkok Post

Officials mull new power tariff rate

Energy officials may keep the power tariff, which determines electricity bills, unchanged or trim the rate at its next adjustment as gas prices have become less aggressive.

Radio France Internationale

European Union increases growth forecast as eurozone dodges recession

Europe's economy will grow more than previously forecast this year as it avoids a winter recession, with inflation expected to ease and gas prices continue to fall.

Bangkok Post

Govt to freeze or lower power tariff as gas prices ease

Energy officials may keep the power tariff, which determines electricity bills, unchanged or trim the rate at its next adjustment as gas prices have eased in recent weeks.

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