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The Latest Breaking News from Gas Prices

How Gas Prices Are Tracking As Memorial Day Weekend Kick-Starts

Retail gas prices are at a record high in anticipation of increased demand as the summer driving season gets underway. Pain At The Pump: Nationwide, the average price of regular gasoline was at $4.601 a gallon, according to data from the American Automobile Association (AAA). This is much higher than the…

Benzinga

Analysts Slash Price Target On American Eagle Outfitters Post Q1 Results

Analysts slashed the price target of American Eagle Outfitters Inc (NYSE:AEO) following the company's Q1 results. BMO Capital analyst Daniel Stroller lowered the price target to $15 (14% upside) from $23 and kept a Market Perform rating on the shares. Stoller noted that macro-economic problems like inflation and soaring gas prices had amplified the issues in…

Benzinga

Why Big Lots Shares Are Plunging Today

Big Lots Inc (NYSE:BIG) reported a first-quarter FY22 revenue decline of 15.4% year-over-year to $1.37 billion, missing the consensus of $1.46 billion. Comparable sales decreased 17% versus an 11.3% increase last year. Ecommerce accounted for 7% of total sales in the quarter. The gross margin for the quarter decreased 350 basis points Y/Y…

Benzinga

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Google Maps Contract Workers Lock Horns With Management Over Returning To Office Policy

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Maps contract workers are amid a standoff with their vendor Cognizant Technology Solutions Corp (NASDAQ:CTSH) on resuming back office, Bloomberg reports. The workers who are paid an hourly rate of $16 - $28 and do not enjoy the same perks as direct employees are also subject to the company's…

Benzinga

Big Lots Stock Crumbles After Surprise Q1 Loss As Inflation, Gas Price Surge Bites Spending

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

The Street

Despite pain at the pump, Americans are hitting the road

Heading into the US summer driving season, Americans are fueling up but how long before they have to hit the brakes?

Al Jazeera

More Memorial Day travel expected, despite high gas prices

Pandemic-weary U.S. residents are confronting high gas prices as they decide whether to travel this Memorial Day weekend

The Independent UK

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As American Natural Gas Prices Start To Converge With Europe's, A Hedged Bet On Them Going Even Higher.

Zoltan Poszar's Predicted Commodities Disruptions

Benzinga

All about the windfall tax on gas and oil producers and how it will work

The new Energy Profits Levy will go towards supporting people struggling with the increased cost of living.

Birmingham Post

Rishi Sunak announces North Sea oil and gas windfall tax

The temporary 25% tax on profits should raise around £5bn of revenue over the next year

Insider UK

Energy bills: How can the UK government help reduce soaring gas and electricity?

Rishi Sunak under fire for not doing more to help households tackle climbing costs

The Independent UK

Why energy bills are increasing

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK

Those spiking gas prices have Meals On Wheels hurting for volunteer drivers

TAMPA, Fla. — Retired teacher Kitty Wallace, 75, has been a Meals on Wheels volunteer for 17 years, delivering hot food to elderly, disabled and homebound people around the neighborhood.

Tribune News Service

Roads, airports expected to be busy this weekend despite higher fuel costs

While people aren’t staying home because of gas prices, some are making changes to their travel plans, AAA says.

Chicago Sun-Times

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Tribune News Service

How high could gas prices get this summer? What experts say as Memorial Day nears

With the busy summer travel season approaching, many are wondering how high could U.S. gas prices get?

The Independent UK

Energy bills: How can the UK government help reduce soaring gas and electricity?

Rishi Sunak under fire for not doing more to help households tackle climbing costs

The Independent UK

Why energy bills are increasing

Squeeze on wholesale gas prices around the world driving up household bills

StockNews.com

2 Stocks to Buy as Natural Gas Prices Remain Elevated

The energy sector has attracted significant investor attention over the past few months, thanks to soaring oil and natural gas prices prompted by strong demand and supply chain concerns aggravated by the Russia-Ukraine war. And because natural gas prices are expected to remain elevated, we think it could be wise…

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news in one place.

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StockNews.com

3 Surging Oil & Gas Stocks with More Room to Run

Due to supply constraints and soaring demand, oil and gas prices are hovering at near record-high levels, delivering the highest-ever profits for the overall energy sector. Given the robust demand for energy, we think it could be wise to scoop up the surging stocks of oil & gas companies PBF…

Reason

Study: Jersey Girls' Refusal To Pump Gas Is Costing Everyone a Lot of Money

Research on the effects of Oregon's loosening of its self-service gas ban finds that allowing adults to pump their own gas increases supply and lowers prices.

Benzinga

Will The White House Waive Smog Rules To Lower Gas Prices?

To lower gasoline prices, the U.S. White House is considering waiving more guidelines that aim at reducing summertime smog, according to a Reuters report.

The Independent UK

Why energy bills are increasing

Squeeze on wholesale gas prices around the world drives up household bills

Boston Herald

More Americans plan road trips this summer, despite record-high gas prices

BOSTON — More than half of Americans say they plan to road-trip this summer, according to a new survey, even though analysts predict that the price of gasoline could hit $6 before the season’s end.

Tribune News Service

COVID-19 no longer the biggest concern for many travelers

The latest installment of Longwoods International’s ongoing American Travel Sentiment Study indicates that record-high gas prices and soaring airfare costs have overtaken pandemic-related concerns for consumers as the summer travel season approaches.

The Independent UK

Lewis and Javid oppose using windfall tax to battle cost-of-living crisis

The Government is under pressure to bring in a one-off levy on corporations which have benefited from globally high oil and gas prices.

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