Despite the United States confronting some of the highest energy prices in its history, the Biden administration has canceled oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet.

According to the American Automobile Association (AAA), national fuel prices are averaging out to a whopping $4.43 per gallon of regular gasoline. Diesel is much higher at $5.56 and is speculated to endure mass shortages in the coming months as reports from the Northeast have indicated there are already seeing record-low inventories. Over the past twelve months, fuel prices have risen by nearly $1.50 per gallon and most market analysts expect rates to continue moving upwards through the summer. Though they’re not all in agreement as to who should be blamed for our current predicament.  (Read More…)

OPEC is doubling down on shoving shale off a cliff, continuing the trend of low fuel prices through the fall in so doing, Memorial Day Weekend aside.

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After a slight decline during Easter, gas prices are once again climbing back up as crude oil does the same.

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If you drive a Tesla, Leaf or a Volt, you may not have been to a gas pump lately. For the rest of us you’re probably wondering how in the Hell did he get it so wrong! There are some pretty amazing things happening in the oil industry, and a perfect storm gathered to spike gasoline prices in the short term, and has set up a tidal wave of oil that could completely collapse both crude oil and refined fuel products just as the summer driving season begins.

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Reuters Energy analyst John Kemp has published a timeline of events that explain the latest crash in crude oil prices. As energy prices enter a new era, we’ll be focusing more and more on this sector, and how it relates to the automobile.

In the 1966 Spaghetti Western classic The Good, the Bad, and the Ugly, the three principal characters come together in what is considered the most iconic standoff in cinematic history. Three parties hostile to each other and the first one to shoot is the most likely loser.

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Courtesy of our own Tim Cain. The fain green line represents gas prices, starting from the peak price of crude oil in 2014. Elsewhere, we see market share figures for passenger cars, SUVs/CUVs and pickup trucks. We’ll be keeping an eye on this as the months roll on. Crude oil dipped below $70 a barrel today – truly a black Friday for world oil markets. Let’s see how consumers respond in terms of new vehicle choices.