December 30, 2015, 5am PST
The world's third cheapest gasoline will increase by 40 percent in order to deal with a record budget deficit of $98 billion this year. Plummeting oil prices have forced the world's largest oil exporter, Saudi Arabia, to reduce energy subsidies.
September 27, 2015, 7am PDT
Big Oil may have defeated Gov. Jerry Brown's oil reduction goal in the legislature this month, but there are other avenues for the green governor to pursue his climate change agenda. The Low Carbon Fuel Standard was renewed by CARB on Sept. 25.
The Sacramento Bee - Capitol Alert
May 26, 2015, 7am PDT
In addition to record travel this Memorial Day, the U.S. DOT reports that March broke the record for the most vehicle miles traveled (VMT). Gas prices, though rising since late March, are predicted to drop and remain low through the end of 2015.
The New York Times - Energy & Environment
February 12, 2015, 5am PST
An IEA report suggests that oil prices have bottomed-out, are now on the rebound, and that demand for OPEC's oil will start rising next year. OPEC predicts that U.S. oil consumption will increase after years of decline, thanks to U.S. motorists.
December 27, 2014, 9am PST
Having posted two environmental pluses from low oil prices, we look at a negative—the effect on sales of EVs would seem to be one of the more evident downsides. How will alternative-fueled vehicles compete in the marketplace when gas costs $2.30?
December 19, 2014, 7am PST
Mirroring a previously reported increase in gasoline consumption in California, the vehicle miles traveled increase over last year is the largest in a decade. The reasons are the same: cheaper gas and an improved economy with more people working.
December 12, 2014, 10am PST
While there may never be a good time to increase the federal gas tax, the same is not true when it comes to state gas taxes—perhaps because governors can't transfer billions of dollars from general funds to pay for roads. Lower gas prices helps.
December 10, 2014, 8am PST
Oil prices are at a five-year low with gasoline prices averaging $2.67 a gallon, lowest since February 2010. Furthermore, they are expected to drop another 17 cents to $2.50 a gallon in time for Christmas, so why not raise the gas tax by a nickel?
December 4, 2014, 7am PST
For the first time since 2006, gasoline consumption in California increased from the prior fiscal year. From July 2013 through June 2014, consumption increased 1 percent.
December 2, 2014, 12pm PST
American motorists are enjoying the lowest gasoline prices in five years because OPEC chose not to reduce oil output in the hopes that decreased oil prices will be lower than the cost needed to frack oil from shale.
October 31, 2014, 9am PDT
Ben Adler of Grist writes how falling oil prices will affect climate change. Cheaper gas prices may encourage more driving and more truck sales at the expense of hybrid, electric, and fuel efficient cars, but the news may not be all bad.
October 30, 2014, 7am PDT
In another example of a struggling toll road attracting no shortage of investors, the poor revenue performance of the San Joaquin Hills Transportation Corridor Agency in Orange County, California has not dissuaded investors, as the returns are high.
September 16, 2014, 10am PDT
A new study revealed that more car buyers are choosing plug-in electric vehicles (PEVs) while fewer are choosing traditional hybrid vehicles. Both types are considered to be electric vehicles, and hybrid sales far outnumber PEV sales.
February 19, 2014, 11am PST
Over strong objections from some auto and truck manufacturers, President Obama directed EPA to develop new fuel efficiency regulations for medium and heavy-duty trucks by March 2016 as part of his administration's effort to reduce carbon emissions.
The New York Times - Politics
January 10, 2014, 6am PST
Yes, and that's a good thing, say opponents of lifting the 1975 ban on crude oil exports. Brad Plumer examines this argument and explains the two other chief reasons, the environment and refinery lobbying, to maintain the ban on exporting crude oil.
The Washington Post - Wonkblog
January 5, 2014, 9am PST
Mexico is poised to allow foreign investment in its state-owned oil company, Pemex, for the first time in 75 years. In Venezuela, home to the world's cheapest gasoline, prices are due to skyrocket if President Maduro ends subsidies as he's indicated.
January 4, 2014, 7am PST
Gas prices will drop due to surging U.S. oil production according to an U.S. Energy Dept. report. Another report from the International Energy Agency points to surging carbon dioxide emissions, not from oil but from coal burning, largely from China.
The New York Times - Energy & Environment
August 20, 2013, 10am PDT
Mexico, the world's 9th largest oil producer and first to nationalize its oil production, has seen steep production declines as the state-owned oil company lacks capital resources and expertise. Constitutional reforms would entice private investment.
The New York Times - Global Business
October 9, 2012, 10am PDT
The news of the escalating gas prices was ubiquitous - local media news reports led with gas station prices that had risen 20-50 cents overnight, or stations that had closed early for lack of gas. Finally, Gov. Brown acted to alleviate the 'crisis'.
The New York Times - U.S.
November 14, 2011, 5am PST
Americans are driving less and more efficiently, resulting in reduced gas consumption - yet prices are rising. What gives? For a nation that relies on oil imports despite surging drilling, the answer is unusual.
Los Angeles Times - Business