Venezuela’s gasoline goes from world’s cheapest to steepest

PUERTO ORDAZ/MARACAIBO, Venezuela (Reuters) – Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of the world’s highest rates and a dramatic reversal for an OPEC nation that long boasted of … Read More

The US may be on the cusp of a ‘hot, high-priced gasoline summer’

posted in: News, United States

–Record gasoline demand and exports and rising oil prices may lead to a “hot, high-priced gasoline summer,” Again Capital’s John Kilduff said. –The U.S. average for a gallon of regular gasoline is $2.879, up from $2.338 a gallon at this … Read More