Recent Posts


All gas price blog posts
See Past Articles:

Media Related Questions

GasBuddy Media Contact Media Contact

Subscribe:  RSS  Email  Facebook  Twitter
(c) mycitgostore.com
In the retail gasoline arena, all gas stations typically fall under two categories- branded or unbranded. Unbranded gas stations don’t typically have advertisements for the fuel and many times are a secondary attraction for a grocery store on the property. The benefits of the fuel are that lack of advertising and being able to share a location help keep the cost low. Another way unbranded gas stations keep prices low is by only adding the minimum gasoline detergent the government requires for its fuel. That’s why sticklers for engine performance typically turn to branded gas stations, where more proprietary detergent is added to the fuel. More marketing efforts and the additional detergent generally keep branded stations (ie, Shell, BP) more expensive than unbranded stations per gallon.

But even in the unbranded and branded fuel arena, not all fuels are created equal; the TOP TIER fuel designation promotes the fuels that meet more stringent tests than minimum EPA government standards. CITGO stations historically have been considered branded stations but did not clear the TOP TIER hurdle. Earlier this week, CITGO announced they had met the requirements for TOP TIER and were to start branding stations with this accomplishment, reports OPIS’s Donna Harris. However, CITGO has gone on the offensive to ensure its new first-rate designation keeps a good image.
In the corporate world, blue chip companies are always measured by their balance sheet and prospect for the future. For high cost oil producers, maintaining this high wire act has been challenging, if not impossible given oil and petroleum's uncertain future.
The Energy Information Administration released its weekly report today on the status of petroleum inventories in the United States.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 2.0 million barrels (MMbbl) to a total of 540.6 MMbbl. At 540.6 MMbbl, inventories are 49.7 MMbbl above last year (10.1%) and are well above the upper limit of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories increased by 1.6 MMbbl to 241.3 MMbbl. At 241.3 MMbbl, inventories are up 13.8 MMbbl, 6.1% higher than a year ago. 

Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.3 MMbbl); Midwest (-0.5 MMbbl); Gulf Coast (+0.6 MMbbl); Rockies (-0.2 MMbbl); and West Coast (+0.4 MMbbl). It is important to note which regions saw increases/decreases as this information likely drives prices up (in the case of falling inventories), or down (in the case of rising inventories).

DISTILLATE (diesel, heating oil) INVENTORIES:
Distillate inventories decreased by 1.7 MMbbl to a total of 158.2 MMbbl. At 158.2 MMbbl, inventories are up 29.0 MMbbl, or 22.4% vs. a year ago.

Get your engines started. We are thrilled to share that GasBuddy will be making our NASCAR debut this summer!

We have partnered with MAKE Motorsports and will be the primary sponsor of the No. 50 Chevrolet Silverado driven by Travis Kvapil for five races in the 2016 NASCAR Camping World Truck Series.

Keep an eye out for the GasBuddy truck starting on May 6 at the Toyota Tundra 250 in Kansas City plus the following races. You can follow #GasBuddyRacing  to track how our truck is doing. There's more....












With sales of regular gasoline accounting for roughly 86.9% of total gasoline sales, according to the Energy Information Administration (EIA), the average motorist may not have paid much attention to the price of premium.

But for the minority of motorists whose cars require premium gasoline, the recent spread between regular and premium has caused sticker shock. The spread has grown rapidly as of late, reaching a record high in February that hasn’t been matched in more than two decades.

From March 2002 to September 2014, the price of premium gasoline cost more than 15% of regular in only one brief period in late 2008, when the housing crisis sunk commodity prices. During that near 13-year period, premium gasoline cost only 9.2% more than regular. Over the past couple of years, the premium-to-regular spread had been building. This trend peaked two months ago in February, when premium gasoline cost 29.2% more than regular. With two decades of records erased, what has fundamentally changed to cause this new trend?
Gasoline prices are rising, once again, driven by rising crude oil prices and rising U.S. demand. And yet, the U.S. average price of gas today, $2.14/gal., is down 38 cents from last year’s average of $2.52 on this date. Today’s average is just 10 cents more than the average Americans saw on this date in 2009.

“ Leading the demand surge has been gasoline, where the Energy Information Administration (EIA) shows year-to-date demand to be up 3.4% from last year and up 7.4% from 2014 according to their ‘product supplied’ demand indicator,” said Will Speer, a Houston-based senior petroleum analyst for GasBuddy.

“Consequently, we see the benchmark West Texas Intermediate (WTI) crude opening the week at $43+, $8 higher than where we were just three weeks ago,” Speer added. “But, remarkably, the most commonly seen price across the country today is $1.99. And that’s exactly what it was a week ago, a month ago, and even 6 months ago… $1.99.”
Well there you have it. It's not just your imagination. There are more cars on the road going further, more frequently. Here's the proof: according to total US petroleum deliveries, which is a measure of demand, Americans used more gas than at any time for the month of March since 2008.
While nearly every state in the U.S., as well as Washington D.C., has laws prohibiting the use of mobile phones while driving, a new survey by Kelley Blue Book reveals that 61 percent of drivers continue to multi-task from behind the wheel.

The 2016 Kelley Blue Book Distracted Driving Awareness survey is part of the company’s #DriveSmart Distracted Driving Awareness campaign, launched during Distracted Driving Month. The national survey reveals that nearly half (47 percent) of respondents have used their phone while driving on roads or residential streets, 40 percent have used their phones while cruising the highway and 86 percent have used their phone while at a stop light or in heavy traffic. 

What's wrong with us? Are we capable of changing this behavior, or, is 'survival of the fittest' inevitable?

(c)playbuzz.com
You know that day. The dog’s made a mess in the house, the kids are screaming, and your significant other is pushing all your buttons that day. It’s time to leave for work, but the rain from earlier has left the freeways bumper to bumper. You know your typical route will be stressful, and additional stress is not what you wanted on a day like this. Don’t fret; help may be on the way. Researchers from the Electronics and Telecommunications Research Institute (ETRI) have filed a patent for the method of collecting information to determine the user’s emotional state and then provide a route that best suits the user. While most mapping applications use their best algorithms to get you from Point A to Point B in the fastest time, this emotion-based approach is declaring that faster may not be better ultimately for a user’s wellbeing.
Demand for Gasoline Soars
Its been a confusing week for anyone trying to make rhyme or reason over oil prices. 
Last week at this time oil prices was clearly on an upswing, prompted by heady expectations that OPEC producers a a few non cartel's could achieve a freeze on crude production to staunch the growing glut. To be sure, news of decline in US production expected to fall 1 million barrels a day due to poor prices, was also a catalyst.
The Energy Information Administration released its weekly report today on the status of petroleum inventories in the United States.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 2.1 million barrels (MMbbl) to a total of 538.6 MMbbl. At 538.6 MMbbl, inventories are 49.6 MMbbl above last year (10.1%) and are well above the upper limit of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 0.1 MMbbl to 239.7 MMbbl. At 239.7 MMbbl, inventories are up 13.9 MMbbl, 6.2% higher than a year ago. 

Here's how individual regions and their gasoline inventory fared last week: East Coast (+1.6 MMbbl); Midwest (-1.1 MMbbl); Gulf Coast (-0.7 MMbbl); Rockies (-0.3 MMbbl); and West Coast (+0.4 MMbbl). It is important to note which regions saw increases/decreases as this information likely drives prices up (in the case of falling inventories), or down (in the case of rising inventories).

DISTILLATE (diesel, heating oil) INVENTORIES:
Distillate inventories decreased by 3.6 MMbbl to a total of 159.9 MMbbl. At 159.9 MMbbl, inventories are up 30.6 MMbbl, or 23.7% vs. a year ago.
(c)tradearabia.com
In April, refiners typically try to wrap up the last bit of planned maintenance. Once May rolls in, demand for gasoline rises, where the warm summer months bring the highest demand period for the fuel. As retail gasoline prices across the country are currently rising, a few areas saw larger than average increases in prices due to refinery maintenance impacting regional gasoline supplies. Below are a few refineries currently undergoing maintenance and areas the maintenance is impacting.
Image From ..twitter.com
EverDrive, a new app from insurance marketplace EverQuote and Cambridge Mobile Telematics that measures driving habits and offers drivers a score based on a five-point scale, has created a safe driving competition of sorts, pitting Massachusetts drivers against their counterparts from New York.

To enter the contest motorists in both states just need to download and start using the EverDrive app. The results will be based on users' driving scores between June 12 and June 25.

The safest driver in one of the two states could win a $10,000 cash prize in June
and the company will also award 40 runners-up with prizes worth $100 each. EverDrive will also recognize the safest drivers in 2,000 communities nationwide with prizes starting at $10.  Are you interested?
Gasoline prices are up. Again. Across the U.S., the average price for a gallon of gasoline rose 6.8 cents per gallon in the last week to $2.12 per gallon, according to price-tracker GasBuddy.

Much of the jump at the pump can be blamed on crude oil prices that rose sharply last week as traders bid oil prices higher, optimistic that a weekend meeting between some oil producing countries in Doha, Qatar would net an oil production freeze or cut. Gasoline prices continued the push higher, following oil, with 49 of 50 states seeing a weekly rise at the pump, with the lone exception being Hawaii, where prices fell three tenths of a penny.

Leading the surge at the pump last week was Kentucky, up 15 cents, Minnesota, up 14 cents, and Illinois, up 14 cents. A total of nine states saw average gas prices rise by more than a dime, among the fastest pace of increases in several weeks. While gasoline has risen, diesel prices have followed more slowly, and stand at an average of $2.11 per gallon, up just two cents in the last week. The average price for a gallon of diesel is now cheaper than gasoline, a trend GasBuddy expects will continue for much of the remainder of this year.
Wishful Thinking ?
Qatar's capital, Doha, is playing host to what some consider the most important meeting of oil producers since the October 2014 OPEC gathering which saw Saudi Arabia abandon oil production quotas and sent its value tumbling.
"Consumers working together to save on gas"