Latest news with #refineries
Yahoo
7 days ago
- Automotive
- Yahoo
Gas prices fall across state, stay same in Meadville area
Average gasoline prices in Pennsylvania dipped by 3.4 cents per gallon over the past week to average $3.20 Monday while prices in Meadville remained unchanged at $3.50. According to GasBuddy's survey of 5,269 stations in Pennsylvania, prices are 8 cents per gallon lower than a month ago and 46.3 cents per gallon lower than a year ago. The station in Pennsylvania with the cheapest gas had it priced at $2.69 Monday while the most expensive was $4.39. The national average price of gasoline has fallen 1.8 cents per gallon in the last week, averaging $3.07. The national average is down 5.2 cents per gallon from a month ago and is 32.8 cents per gallon lower than a year ago. 'Average gas prices declined in nearly all states over the last week as refineries ramped up output and gasoline supplies surged,' said Patrick De Haan, head of petroleum analysis at GasBuddy. 'While a few states experienced price cycling — a pattern where prices drop sharply and then spike every couple of weeks — the overall gentle downward trend is typical as summer progresses. If oil prices continue to rise gradually, it could eventually impact gas prices, but for now, we likely won't see any major shifts at the pump in most areas this week.' Prices from around the region: • Andover, Ohio: Average price is $2.98 per gallon. • Ashtabula, Ohio: Prices as low as $3.04 per gallon. • Conneaut Lake: Average price is $3.49 per gallon. • Edinboro: Average price is $3.49 per gallon. • Erie: Average price is $3.11 per gallon, with prices as low as $2.89. • Mercer: Average price is $3.41 per gallon. • New Castle: Average price is $3.28 per gallon. • Oil City: Average price is $3.43 per gallon. • Pittsburgh: Average price is $3.42 per gallon. • Warren: Average price is $3.70 per gallon. • Waterford: Prices as low as $3.09 per gallon.
Yahoo
7 days ago
- Politics
- Yahoo
Traffic Jams, Lines for Gas Grow as Residents Flee Tehran
Residents of Tehran reported long lines at gas stations and traffic jams as people rushed to flee the city, anticipating more attacks from Israel. Officials told people near locations including refineries to leave if they could and recommended that people seek refuge in metro stations.
Al Arabiya
13-06-2025
- Business
- Al Arabiya
Iran says ‘no damage' to key refineries, depots after Israeli strikes
Iran's oil ministry said key refineries and fuel depots were unaffected by Israel's deadly attack on Friday, with operations continuing nationwide without disruption. 'No damage was caused to the country's refining facilities and oil depots, and currently the activities of these facilities and fuel supply are ongoing in all parts of the country without interruption,' the ministry said in a statement.
Wall Street Journal
11-06-2025
- Business
- Wall Street Journal
U.S. Crude-Oil Stockpiles Down More Than Expected
U.S. crude-oil inventories fell more than expected last week in a third consecutive decline as refineries increased their capacity use, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude-oil stocks excluding the Strategic Petroleum Reserve fell by 3.6 million barrels to 432.4 million barrels in the week ended June 6, and were about 8% below the five-year average for the time of year, the EIA said. Analysts surveyed by The Wall Street Journal had forecast a 1.6 million-barrel decline in crude stockpiles.
Zawya
11-06-2025
- Business
- Zawya
Iraq to invest in refineries in India, China
OPEC member Iraq is planning to invest in refineries in India, China and other Asian countries to market its crude and boost income, a government adviser has said. Hatim Al-Fadli said studies for such projects would be carried out soon and negotiations with potential partners would start during 2025-2026. He told Iraq's Al-Sumeria news agency on Tuesday that such investments would cover high-capacity oil refineries including existing facilities and construction of new units. 'The studies include investment in the refining sector abroad, particularly China, India, South Korea, Vietnam and Indonesia,' he said. 'We have chosen these countries because of their rapid growth in energy demand and their high populations…these are large consumer markets that will help Iraq expand its market share and diversify its supplies,' he added. Al-Fadli said the negotiations with potential partners in those countries could result in signing agreements through 2026-2027 and that the projects could involve investing in existing refineries and construction of new facilities. 'Iraq prefers to partly own those projects or enter partnership deals to reduce risks…as for funding, we are studying various forms of finance, including joint funding with global companies or Asian governments or loans from development banks,' he said. (Writing by Nadim Kawach; Editing by Anoop Menon)
