Descrease article font size Increase article font size Global road oil demand will rise five per cent to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by … Read more
By Samantha Delouya | CNN Los Angeles — Gas prices in the United States have slid from their all-time peak in fall 2022, but there are drivers in at least one state who still pull up to the pump and cringe. The current average gas price in the US is $3.10. In California, it’s $4.49, according to … Read more
By Matt Egan | CNN New York — Gas prices will fall in 2024 for the second year in a row, according to GasBuddy projections shared exclusively with CNN. GasBuddy, which had a forecast for 2023 that proved to be eerily accurate, expects US gas prices will average $3.38 a gallon in the key election … Read more
With the holidays here, Canadians are set to hit the road to meet up for family gatherings. However, the price at the pump could play the role of the Grinch as oil prices rise given the current geopolitical uncertainty exacerbated by recent attacks on commercial vessels in the Red Sea. “It’s very traditional that oil … Read more
Oil prices are rising again as Israel prepares to invade Gaza as soon as Saturday and the United States tightens sanctions on major crude-producing countries, sparking market fears over a drop in supply as demand increases. On Friday morning, the price per barrel of West-Texas Intermediate, the benchmark for contracts to deliver oil produced in … Read more
