Category: fuel costs

Fuel Costs of Electric Vehicles Overtake Gas-Powered Cars: Study

January 28, 2023
Business & MarketsCompanieseconomic policieseconomyElectric VehiclesenergyEVsfuel carsfuel costsPolicies & ImpactsUSUS News
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The cost to fuel electric vehicles in the United States is higher than gas-powered cars for the first time in 18 months, a consulting company said. “In Q4 2022, typical mid-priced ICE (Internal Combustion Engine) car drivers paid about $11.29 to fuel their vehicles for 100 miles of driving. That cost was around $0.31 cheaper…

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JetBlue Posts Q2 Loss as Fuel Costs Offset Rising Revenue

August 3, 2022
Business & MarketsCompaniesfuel costsJetBlue AirwaysUSUS News
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NEW YORK—JetBlue Airways lost $188 million in the second quarter, as fuel costs nearly tripled and wiped out a large increase in revenue during the early part of the peak vacation-travel season. The loss reported Tuesday was wider than Wall Street expected. JetBlue was unable to keep pace with bigger rivals, who posted profits for…

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South Korean Production and Shipping Disrupted as Truckers Strike for 3rd Day

June 10, 2022
Asia & PacificBusiness & Marketscommoditiesfuel costsMarketsSouth KoreanstriketruckersWorld
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SEOUL—Thousands of South Korean truckers went on strike for a third day on Thursday to protest the sharp surge in fuel costs, disrupting production, slowing activity at ports, and posing new risks to a strained global supply chain. Presenting new President Yoon Suk-yeol with one of his first big economic challenges, about 7,200 members or…

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25 Ways to Save Fuel and Money

May 14, 2022
BrightbudgetingDebt Managementdriving costfuel costsgas costspersonal financesave money
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With gas at a crazy price, people are asking themselves if they can save fuel money. As of March 31, 2022, the average national price for a gallon of regular gasoline touched $4.25, according to AAA. As your wallet informed you, this is some of the highest prices ever. And, that’s not even taking inflation…

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US Airline Demand, Costs Soaring as Earnings Kick Off

April 14, 2022
American AirlinesBusiness & EconomyBusinesses in COVID-19Companieseconomyfuel costsMarketsOmicron coronavirus variantUSUS News
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CHICAGO—Major U.S. airlines are enjoying the strongest travel demand in three years, yet investors will focus on how they are mitigating mounting inflationary pressures when they report quarterly earnings starting on Wednesday. After a blip caused by the Omicron coronavirus variant, travel demand has roared back, with some airlines reporting the highest ticket sales in…

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Three States Suspend Gas Taxes, 20 Others Now Pondering Similar Proposals

March 25, 2022
consumereconomyfuel costsgas pricesgas taxesgasoline consumptionmotor fuel taxpain at the pumpPolicies & ImpactsPoliticsRegional-Local NewsRussia invasionstate gas taxesUSUS News
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Pennsylvania Senate President pro tempore Jake Corman on March 21 introduced a bill that would slash the state’s gas tax—the nation’s highest at 59 cents per gallon—by one-third, making Pennsylvania the 21st state with proposed legislation or pending executive actions attempting to offer consumers relief at the pump. Senate Bill 10, “The Consumer Gas Prices…

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