gasoline

Venezuelan Man Killed in Violent Scrap for Gasoline

A Venezuelan man was killed and another wounded following a dispute at a service station in the western state of Merida on Saturday, as vehicles owners were forced to wait hours or even days to get access to gasoline.

Cars queue to refill their gasoline tanks at a gas station in the town of Acarigua, in the Venezuelan state of Portuguesa, on May 25, 2019. (Photo by Marvin RECINOS / AFP) (Photo credit should read MARVIN RECINOS/AFP/Getty Images)

Report: Venezuelan Oil Tanker Captain Refused to Ship Gasoline to Cuba

The captain of the Manuela Saenz, a Venezuelan oil tanker, fought back against orders to send a shipment of unleaded and diesel gasoline to Cuba last week, prompting dictator Nicolás Maduro’s political police forces to stop the ship and replace him, according to a report in Argentine news outlet Infobae on Tuesday.

An oil tanker remains at the Maracaibo Lake in Maracaibo, Venezuela on March 15, 2019. - Production cutbacks by OPEC nations are building a supply cushion that could be called upon to mitigate a possible supply shock from an abrupt drop in crisis-hit Venezuela's output, the International Energy Agency (IEA) …

Tesla’s ‘Success’ a Great Example of How Regulations Manipulate Markets

The American consumer resists marketing aimed at selling them electric and hybrid vehicles. For the first quarter of 2015, according to the Wall Street Journal (WSJ), Chevrolet sold 1,874 Volts—its electric car introduced in 2010 with “high expectations.” That roughly equals the number of Silverado pick-up trucks sold in one day.

The Associated Press

Oil Is Down. Gasoline Isn’t. What’s Up?

A little more than a year ago, oil prices reached above $100 a barrel. Gasoline averaged in the $3.50 range nationally. In late spring, oil appeared $60ish and the national average for gas remained around $2.70. The price of a barrel of oil has since plunged to $40 and below—yet, prices at the pump remain just slightly less than they were when oil was almost double what it is today.

The Associated Press