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The price of West Texas intermediate turned negative on Monday for the first time in history which also raised questions about petrol prices.
The EIA expects the US to import more oil that it produces this year after a short stint as a net exporter
"This is a result of higher net imports of crude oil and lower net exports of petroleum products," the Energy Information Administration said.
You can get 50 cents off every gallon of gas at BP or Amoco gas stations if you’re a healthcare worker or first responder
First-responders and healthcare workers can now get 50 cents off every gallon of gas at BP and Amoco stations — they just need to register online.
US gas prices fall below $2 per gallon for the first time in 4 years amid COVID-19 outbreak, crude price war
"Today, motorists can find gas for $1.99 or less at 68% of gas stations in the country," said Jeanette Casselano of AAA in a statement.
The coronavirus pandemic is cratering demand for fuel, which is driving down the price of gas to 99 cents or less. And the bottom isn't even in sight.
Oil prices tumbled as much as 34% — the most in decades — between Sunday and Monday.
These are the average prices of regular, mid-grade, premium, and diesel gas in states with below-average gas prices.
Ten years ago, the cost of gasoline was right around where it is today, but there have been several ups and downs along the way.
Attacks on two facilities that knocked out half of Saudi Arabia's oil production could lead to higher oil prices globally, according to analysts.
Living in the suburbs can be extremely expensive, and often in unexpected ways. Here are the worst ones.