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GASOLINE

The Orton's Holiday Gas Station in Moorhead switched to pre-pay / pay at the pump only after losing thousands to theft this year.
The report comes as the Biden administration prepares in the coming months to unveil new safety-related rules to curb methane emissions from pipeline systems that transport gas from production to local distribution.
The national median gas price set a record last week, topping $5 per gallon, according to the American Automobile Association, though it has since dropped below that mark.
The president will also call on states to temporarily suspend state fuel taxes, which are often higher than federal rates, and he will challenge major oil companies to bring back idled refining capacity.

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Particularly galling to the White House is the jump in industry stock buybacks, returning to investors profits that the administration wants invested in more refining capacity to bring gasoline prices down.
Biden also said his staff would meet with oil industry executives this week after he told U.S. refiners in a letter last week that unprecedented profit margins are unacceptable and called for “immediate action” to improve capacity.
The average price of gas in Minnesota and nationwide hit record highs last week, including at $4.98 per gallon nationwide on Monday, according to AAA. The national average rose to $5 a gallon last week for the first time.
Want to fix gas prices? Clear the roadblocks in the way of building new refineries. End the political war on oil production.
States including Florida, Georgia and Maryland have enacted state gas tax holidays, and while Minnesota has not yet taken action to reduce prices, some leaders and candidates have floated similar ideas.
While the added fuel costs can cause budget challenges for first responders, it isn't affecting their day-to-day operations.

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The EPA is likely to raise ethanol blending mandates for 2021 above a figure it proposed in December to align with actual U.S. consumption levels.
Some 39 million people will travel 50 miles or more by car during the Memorial Day Weekend, up 8.3% from a year-ago and close to pre-pandemic volumes.
Tourism-dependent Sri Lanka, where India and China jostle for influence, is facing a dire shortage of foreign exchange, fuel and medicines, and economic activity has slowed to a crawl.

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