gasoline prices News

Unit at Philadelphia Refinery Completely Destroyed in Fire

The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc’s oil refinery has been completely destroyed, which will hamper the supply of gasoline from the U.S. East Coast’s largest refinery, sources familiar with the matter …

Atlantic Could Spawn 8 Hurricanes in 2019, U.S. Government Says

As many as eight hurricanes may form in the Atlantic in 2019, a “near normal” season following two years of storms that have left a trail of death and destruction in the Caribbean and U.S. coast. Nine to 15 named …

Midwest Floods Hammer Ethanol Industry, Push Gasoline Prices to 5-Year High

The March floods that punished the U.S. Midwest have trapped barrels of ethanol in the country’s interior, causing shortages of the biofuel and helping to boost gasoline prices in the western United States. The historic floods have dealt a series …