US petrol prices lowest since 2009

Petrol prices in the US last year were the lowest since 2009. They stood at $2.43 per gallon (£1.6/gal) – 28% less than 2014, new figures from the Energy Information Administration (EIA) revealed. It added the fall in oil prices, which ended the year at around $37 (£25) per barrel, impacted petrol. The price of […]

VW diesel emissions scandal ‘an opportunity for gasoline’

The Volkswagen diesel emissions scandal could benefit gasoline refineries. That’s according to rating agency Fitch, which said buyers were more likely to now choose gasoline vehicles following the lower demand for diesel cars. Higher sales of gasoline cars in Europe could be positive for the region’s refineries, especially those with less complex assets, it added. On the […]

American demand for petrol flags

US demand for petrol flagged in 2011, new figures show. The American Petroleum Institute says this could be because of a shaky consumer sector. Total petroleum deliveries (a measure of demand) fell 1.1% in November compared with a year ago, pulled down by a 1.8% decline in motor gas demand to an 11-year low for […]