Gasoline Archives - Manitoba Co-operator

File photo of the produce section at a Canadian grocery store. (FatCamera/E+/Getty Images)

Canada retools inflation baskets with more focus on food, gas

Snowblowers and barbecues in, DVD players out

By David Ljunggren, GFM Network News June 20, 2023

Ottawa | Reuters — Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline. The reweighting, which Statistics Canada carries out every year, has historically had only a marginal impact on the

NYMEX August 2023 West Texas Intermediate crude oil, with August 2023 Brent crude oil (black line). (Barchart)

Crops, Markets, Other

Extent of Saudi oil production cut unclear

Reported tensions within OPEC limit price gains

By GFM Network News, Glen Hallick - MarketsFarm June 6, 2023

MarketsFarm — At the OPEC+ meeting Sunday in Vienna, Saudi Arabia announced it will cut its oil production by one million barrels per day (BPD) come July. And while that move was bullish for the markets, by how much remains to be seen, said Phil Flynn of the Price Futures Group in Chicago. “It’s probably

News

U.S. biofuels proposal would lift near-term greenhouse gas emissions

EPA says reductions would only come in the long term

By Leah Douglas December 28, 2022

The U.S. Environmental Protection Agency’s proposal to increase biofuel blending mandates through 2025 would lead to a near-term increase in greenhouse gas emissions, before yielding reductions in the longer term, according to agency documents. The Renewable Fuel Standard requires the nation’s oil refiners to add billions of gallons of biofuels like corn-based ethanol into the fuel pool each

Markets

‘Petro-plectic’ anger rises toward fuel prices

Fuel refiners seen booking 'epic' revenues

By GFM Network News, Glen Hallick - MarketsFarm June 7, 2022

MarketsFarm — Fuel prices are very likely to continue to increase with summer approaching, according to Tom Kloza, the Florida-based global head of energy analysis for Oil Price Information Services. “I wish I could say there’s a light at the end of the tunnel, but I would say right now, it’s just a flicker,” he

Crops, Weather

U.S. EPA allows temporary summer sales of higher-ethanol fuel

Waiver seen as score for corn growers

By GFM Network News, Stephanie Kelly April 30, 2022

New York | Reuters — The U.S. Environmental Protection Agency issued an emergency waiver for a higher-ethanol gasoline blend on Friday, allowing summertime sales of the fuel in an attempt to help lower gasoline prices at the pump. The move represents a temporary win for the biofuels industry and corn farmers, as it will likely

NYMEX May 2022 West Texas Intermediate (WTI) crude oil (candlesticks) with Bollinger bands (20,2). (Barchart)

Markets

Fuel prices may remain high beyond Russian invasion, expert says

By Adam Peleshaty, GFM Network News March 22, 2022

MarketsFarm — The decision by the U.S. to halt the import of Russian petroleum products due to the country’s invasion of Ukraine created sticker shock at the pumps in North America — but an end to that invasion would not necessarily mean an end to high fuel prices. On March 15, the average price of

Markets, Other

Gasoline, diesel prices set to continue rising

By GFM Network News, Glen Hallick - MarketsFarm February 17, 2022

MarketsFarm — The steady rise in crude oil prices is based on three factors, according to Tom Kloza, global head of energy analysis for Oil Price Information Service at Lakewood, N.J. One of those factors is the amount of crude oil produced by members of the Organization of Petroleum Exporting Countries (OPEC), along with some

A City of Iqaluit worker fills a water truck at the Sylvia Grinnell River after authorities ordered the Nunavut capital’s 7,000 residents not to drink the city’s water due to suspected fuel contamination, on Oct. 14, 2021. (Photo: Reuters/Casey Lessard)

Other

Iqaluit confirms ‘exceedingly high levels’ of fuel in water supply

Water not safe for cooking or drinking, city says

By GFM Network News October 16, 2021

Reuters –– The Canadian city of Iqaluit said lab results confirmed that fuel had entered its water supply, officials announced Friday. Analysis of samples from one of the city’s water tanks found “exceedingly high levels of various fuel components,” Amy Elgersma, Iqaluit’s chief administrative officer, said, adding it was likely diesel or kerosene. Residents in

Crops, Other

U.S. oil industry seeks unusual alliance with Farm Belt against electric vehicle agenda

'We weren't born yesterday'

By GFM Network News, Jarrett Renshaw, Stephanie Kelly January 29, 2021

New York | Reuters — The U.S. oil industry is seeking to forge an alliance with the nation’s corn growers and biofuel producers to lobby against the Biden administration’s push for electric vehicles, but is so far meeting a cool reception, according to multiple sources familiar with the discussions. The effort marks an unusual attempt

Pickup trucks roll out of General Motors’ assembly plant at Oshawa, Ont. (Media.gm.ca)

Other

GM aims to end sale of gasoline- and diesel-powered light trucks, cars by 2035

By GFM Network News January 29, 2021

Washington | Reuters — General Motors said on Thursday it was setting a goal to sell all its new cars, SUVS and light pickup trucks with zero tailpipe emissions by 2035, a dramatic shift by the largest U.S. automaker away from gasoline and diesel engines. GM, which also said it plans to become carbon-neutral by

Daily Network News

U.S. livestock: Cattle rebound on technical buying

U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes

Good weather pushes Alberta harvest along

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