Chunzi Xu

Mike Wirth, chairman and chief executive officer of Chevron Corp., during a Bloomberg Television interview in New York, US, on Monday, Oct. 23, 2023. Chevron Corp. agreed to buy Hess Corp. for $53 billion, a deal aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels. Photographer: Jeenah Moon/Bloomberg via Getty Images

Gavin Newsom’s California is increasingly hostile to fuel makers and has ‘worsened’ the state’s gasoline market, Chevron says

By Kevin Crowley, Chunzi Xu, and others

While record driving is good news for gasoline and the refiners who supply it, the widespread adoption of more efficient vehicles means fuel demand nonetheless remains muted.

Americans are set to travel more than ever this summer—but because of EVs the country may have already hit peak gas

By Chunzi Xu, Lucia Kassai, and others

A worker refuels a FedEx truck at a Chevron gas station in San Francisco, California, US, on Monday, Oct. 3, 2022. California Governor Gavin Newsom called for a windfall tax on oil companies and allowed for production of a cheaper blend of gasoline as the state faces a surge in fuel prices. Photographer: David Paul Morris/Bloomberg via Getty Images

Gasoline demand in the U.S. has peaked. Drivers will benefit in the long run—but experience some short-term pain first

By Chunzi Xu and Bloomberg

A cold woman adjusts her thermostat.

‘It’s going to be pretty bad’: This part of the US is hurtling towards a winter heating crisis and consumers could pay the highest prices in decades

By Gerson Freitas Jr., Naureen S. Malik, and others