Visa, Mastercard to Ease Rules, Allowing Stations to Raise Pump Limit
Visa Inc. and Mastercard Inc. are planning a raft of changes to rules for gas stations to allow larger transactions after a surge in fuel prices across the U.S. made it hard for some drivers to fill up using credit cards.
April 1, 2022Europe Heading for a Diesel Shortage, Traders Say
Europe is facing the prospect of a shortage of diesel as flows from Russia dwindle in the aftermath of its invasion of Ukraine, senior executives at three trading houses said.
March 22, 2022Instacart Adds Fuel Surcharge to Offset High Gas Prices
Instacart Inc. is adding a fuel surcharge on grocery delivery orders, becoming the latest gig economy company to impose new fees on customers to ease drivers’ gas bills amid record-high prices.
March 18, 2022Energy Agency: 10 Steps to Save 2.7 Million Barrels of Oil a Day
BERLIN — The International Energy Agency says the world could quickly reduce global oil demand by 2.7 million barrels a day by cutting down on car and plane travel, helping easing the supply crunch caused by Russia’s invasion of Ukraine.
March 18, 2022Bosch Suspends Russia Business; Truck Parts May Have Been Misused
Robert Bosch GmbH is curtailing its operations in Russia amid signs that its parts may have been used for “non-civilian” purposes in violation of its policies, the company said.
March 18, 2022Carriers Suspend Operations in Russia, Ukraine
Transportation companies have been suspending operations in Russia and Ukraine amid the ongoing war between the countries.
March 17, 2022Biden’s Oil Demands Collide With Drillers Reining In Output
The war in Ukraine has touched off a feud between the White House and U.S. oil industry as many companies reap record profits from rising prices despite pumping less crude than before the pandemic, leaving American consumers beset by surging gasoline costs.
March 11, 2022US Slashes Russia Trade Status
WASHINGTON — President Joe Biden announced March 11 the U.S. will dramatically downgrade its trade status with Russia as punishment for its invasion of Ukraine and also ban imports of Russian seafood, alcohol and diamonds.
March 11, 2022States Pitch Tax Cuts, Rebates to Ease Gas Price Surge
Governors from California to New York are proposing tax cuts, rebates and other forms of relief to drivers paying more than $4 a gallon to fill their gasoline tanks amid Russia’s war with Ukraine.
March 9, 2022Gas Prices Prompt Newsom to Seek Rebate for California Drivers
SACRAMENTO, Calif. — California Gov. Gavin Newsom proposed sending money back to taxpayers to offset record-high gas prices but rejected calls to increase oil drilling, saying he wants to free the state “once and for all from the grasp of petro-dictators.”
March 9, 2022