Oilandgaspress Energy / Automotive News and Analysis
Tensions in the Middle East have resurfaced, supporting oil prices
London, March 18, 2025 (Oilandgaspress) –-Oil prices higher after Israel attacks Gaza again as Ceasefire Deal falls apart. The latest EIA report revealed that U.S. utilities withdrew 62 bcf of gas for the week ending March 7, exceeding forecasts of 50-55 bcf.
The most common U.S. gas price encountered by motorists stood at $2.99 per gallon, unchanged from last week, followed by $2.89, $2.79, $2.69, and $3.09 rounding out the top five most common prices.
The median U.S. gas price is $2.89 per gallon, unchanged from last week and about 13 cents lower than the national average.
The top 10% of stations in the country average $4.36 per gallon, while the bottom 10% average $2.47 per gallon.
The states with the lowest average prices: Texas ($2.60), Oklahoma ($2.60), Mississippi ($2.60).
The states with the highest average prices: California ($4.57), Hawaii ($4.47), and Washington ($4.01).
Biggest weekly changes: Ohio (+12.6¢), Maryland (+9.3¢), Oklahoma (-9.1¢), Washington (-8.7¢), Colorado (-7.8¢)
DIESEL PRICE TRENDS
The most common U.S. diesel price stood at $3.69 per gallon, up 10 cents from last week, followed by $3.59, $3.49, $3.29, and $3.39, rounding out the top five most common prices.
The median U.S. diesel price is $3.49 per gallon, unchanged from last week and about 7 cents lower than the national average.
Diesel prices at the top 10% of stations in the country average $4.49 per gallon, while the bottom 10% average $2.94 per gallon.
The states with the lowest average diesel prices: Oklahoma ($3.09), Texas ($3.10), and Colorado ($3.22).
The states with the highest average diesel prices: Hawaii ($5.27), California ($4.95), and Washington ($4.33).
Biggest weekly changes: Iowa (-9.0¢), Texas (-7.0¢), Oklahoma (-6.6¢), New Mexico (-6.3¢), Montana (-5.5¢). . Read Related News
Hyundai announced the expansion of its complimentary home charger and charging credit offers to the 2025 IONIQ 6, 2024 IONIQ 6, and 2024 IONIQ 5 models[i]. Customers who purchase or lease any new 2025 Hyundai IONIQ 6, 2024 IONIQ 6 or 2024 IONIQ 5 model beginning March 1, 2025, are eligible for their choice of a ChargePoint® Home Flex Level 2[ii] charger or a $400 charging credit. Hyundai will provide the charger through its Hyundai Home Marketplace which will also assist customers with scheduling professional installation. Paid installation through Hyundai Home is required to receive EV charger. Customers who opt for the $400 ChargePoint charge credit can use it through the ChargePoint mobile app.
New 2025 IONIQ 5 N and 2025 IONIQ 5 customers already have access to similar offers.
“At Hyundai, we’re committed to making the transition to electric as seamless as possible for our customers,” said Olabisi Boyle, senior vice president, product planning and mobility strategy, Hyundai Motor North America. “This expanded program is designed to remove barriers to EV ownership by making home charging more accessible – helping customers enjoy the convenience of waking up to a fully charged vehicle. Whether you need a home charger or prefer a $400 public charging credit, we’ve got you. You come home, charge your phone and watch, and now effortlessly charge your vehicle.” Read Related News
Tata Motors, India’s largest commercial vehicle manufacturer, today announced a price increase of up to 2%, across its commercial vehicle range, effective 1st April 2025. The price increase is to offset the rise in input costs, and will vary as per individual model and variant. Read Related News
Hyundai Motor Company, along with its Robotics LAB, has won 18 prestigious iF Design Awards for 2025, highlighting its dedication to innovative and sustainable design across various sectors.
Why Hyundai’s iF Design Award victories matter
This achievement underscores Hyundai’s reputation as a design-driven leader, with 11 consecutive years of recognition at the iF Design Awards, reinforcing its focus on future mobility solutions.
“This recognition from iF Design Award is a testament to the exceptional dedication exhibited by our team of visionary designers and collaborative engineers. It highlights the remarkable competitiveness of Hyundai’s design identity within the global market,” said SangYup Lee, Executive Vice President and Head of Hyundai and Genesis Global Design.
This year, Hyundai Motor’s victories at the iF Design Awards span a total of eight disciplines and 12 categories, highlighting the breadth of the company’s design excellence, from automobiles to brand communications.
Hyundai’s 2025 iF Design Award highlights
• Automotive: IONIQ 9, PALISADE, INITIUM, Smart Taxi Indicator, Global EV Home Charger, E-pit EV Fast Charger, DICE (Digital Curated Experience) concept, Multi-Hanger set
• Product Concepts: SPACE (Spatial Curated Experience) concept
• Industry: Robotics LAB’s X-ble Shoulder industrial wearable robot
• Service Design: Robotics LAB’s ACR (Automatic Charging Robot) Service
• Interior Architecture: ‘Inside the City of Ease’ booth design at CES 2024, IONIQ Lab
• User Experience: Robotic Retail Experience at IONIQ Lab
• Campaigns and Film & Video: FIFA Women’s World Cup ‘How far we’ve come’ campaign
• Publishing: All-New SANTA FE Launching Book
• Branding: AD Creator for Hyundai Car Dealers
Please see below for a full overview of Hyundai Motor’s 2025 iF Design Awards victories, including Hyundai’s award-winning submissions and award categories. Read Related News
Hyundai Motor Group (the Group) announced an industry-leading total of 12 models from Hyundai Motor Company, Kia Corporation and Genesis received honors at the Insurance Institute for Highway Safety (IIHS) 2025 TOP SAFETY PICK (TSP) and TOP SAFETY PICK+ (TSP+) awards. The Group’s total represents more than any other automaker in the annual IIHS assessment, comprising 25 percent of the total awards given so far in 2025.
“Outstanding safety performance is core to the Hyundai Motor Group and our achievement in the 2025 IIHS awards, with the most stringent test criteria ever, underscores our unwavering commitment to customers and relentless engineering to deliver the highest level of safety for occupants and road users,” said Brian Latouf, President and Global Chief Safety and Quality Officer at Hyundai Motor Group. “These results affirm our dedication to safety leadership for 2025 and beyond.” Among the Group’s brands, Hyundai Motor and Genesis earned five awards each, while Kia received two, highlighting the exceptional safety standards embedded in Hyundai, Kia and Genesis vehicles as part of the Group’s overall mission to deliver to customers uncompromising levels of safety and quality.
The five Hyundai Motor TSP+ winners included:
IONIQ 5
KONA SUV
TUCSON SUV
SANTA FE SUV (built after November 2024)
IONIQ 6 Read Related News
Hyundai announced the expansion of its complimentary home charger and charging credit offers to the 2025 IONIQ 6, 2024 IONIQ 6, and 2024 IONIQ 5 models[i]. Customers who purchase or lease any new 2025 Hyundai IONIQ 6, 2024 IONIQ 6 or 2024 IONIQ 5 model beginning March 1, 2025, are eligible for their choice of a ChargePoint® Home Flex Level 2[ii] charger or a $400 charging credit. Hyundai will provide the charger through its Hyundai Home Marketplace which will also assist customers with scheduling professional installation. Paid installation through Hyundai Home is required to receive EV charger. Customers who opt for the $400 ChargePoint charge credit can use it through the ChargePoint mobile app.
New 2025 IONIQ 5 N and 2025 IONIQ 5 customers already have access to similar offers.
“At Hyundai, we’re committed to making the transition to electric as seamless as possible for our customers,” said Olabisi Boyle, senior vice president, product planning and mobility strategy, Hyundai Motor North America. “This expanded program is designed to remove barriers to EV ownership by making home charging more accessible – helping customers enjoy the convenience of waking up to a fully charged vehicle. Whether you need a home charger or prefer a $400 public charging credit, we’ve got you. You come home, charge your phone and watch, and now effortlessly charge your vehicle.”. Read More
Ferrari N.V. informs that on March 13, 2025, in the Ferrari Group employees’ granting share process, the Company assigned No. 113,466 common shares held in treasury. On the same day Ferrari purchased at the average price of Euro 414.0109 per share, in a “cross order” transaction executed on the EXM, No. 47,907 common shares sold by the assignees in order to cover their individual’s taxable income as standard practice (Sell to Cover).
As of March 14, 2025, the Company held in treasury No. 15,720,318 common shares equal to 8.71% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company’s equity incentive plan.
Since the start of the multi-year share buyback program of approximately Euro 2 billion announced during the 2022 Capital Markets Day, on July 1, 2022, until March 14, 2025, the Company has purchased a total of 5,011,020 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 1,642,569,697.35. Read More
KBR (NYSE: KBR) announced it has been awarded an estimated $229M recompete task order under the Department of Defense Information Analysis Center’s (DoDIAC) multiple-award contract (MAC) vehicle to provide life cycle research and analysis for U.S. Army Cargo Helicopter Systems. These DoD IAC MAC task orders are awarded by the U.S. Air Force’s 774 Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the Defense Technical Information Center (DTIC) repository and the research and development and science and technology community. The work will be performed in Huntsville, Alabama over a period of five years.
Under the terms of the contract, KBR will research, analyze, assess, and develop recommendations to increase availability, improve reliability, and reduce support costs for the CH-47 Chinook helicopter for Cargo Helicopter (CH) Project Management Office (PMO) and Foreign Military Sales (FMS) partners. To achieve this objective, KBR will perform maintainability, quality, supportability, and interoperability analyses and strategies. The team will also provide logistics management, testing program management, independent verification and validation, and life cycle and cost analyses to refine and improve sustainability initiatives.
The CH-47 Chinook is a critical workhorse of the Army fleet used for troop and cargo transport, medical evacuation, search and rescue, and disaster relief as well as combat operations.
“This is a significant win for KBR and we’re proud to continue supporting this important program and the wider U.S. Department of Defense,” said Stuart Bradie, KBR President and CEO. “Our subject matter experts play an important role in developing and maintaining systems for the U.S. military, which is critical for national security.”
For more than 35 years, KBR has supported the Aviation PEO and the company is a 10-year incumbent on predecessor contracts to perform work on U.S. Army CH-47 helicopters. Read More
At the Board of Directors meeting on February 25, Toyota resolved to transition from a Company with an Audit and Supervisory Board to a Company with an Audit and Supervisory Committee following approval at the Ordinary General Meeting of Shareholders to be held in June. Chief Officer of General Administration & Human Resources Group Takanori Azuma explains, “Auditors and directors are in different positions. The Board of Directors is essentially a forum for discussions among directors, with auditors auditing that process. Because of this role, auditors may be reluctant to speak up, making it difficult for them to engage as actively in discussions as the directors.”
Having all the Board of Directors members participate as decision-makers allows for diverse perspectives and lively discussions, the ultimate aim behind this change. Toyota expects this change to not only reinvigorate the Board of Directors but to boost decision-making speed as well.
A Company with an Audit and Supervisory Committee allows the Board of Directors to delegate important business execution decisions to the executive directors. Read More
Albania was recently discovered to be harboring a giant secret: the largest geothermally-heated underground lake in the world.
Discovered in 2021 by Czech scientists, geopolitical troubles on the border region with Greece saw them depart before a proper investigation of the cave could be made.
What they did find though was a massive column of steam rising out of the hills in an area around the town of Leskovik. Approaching it, they encountered a massive abyss descending 330 feet (100 meters) under the Earth. Exploring down, they found this massive lake of turquoise water that was geothermally heated. Funded by a research grant from the Neuron Foundation, which supports pioneering scientists in Czechia, the team was able to return in 2024 for a proper study.
The scientists used state-of-the-art technologies during the expedition, including a mobile LiDAR scanner, which allowed for detailed mapping of the underground spaces. Precise geodetic measurements created a comprehensive map of the Atmos Cave and other nearby caves, such as Sulfur, Breška, and Kobyla, which were already discovered in 2021. Read More
Solar is one of the best solutions to the growing demand for renewable green energy. However, while conventional solar panels contribute to clean energy production, their disposal presents several environmental challenges.
Now, a groundbreaking innovation may change that: researchers have developed a method to fully recycle modern solar panels using water as the main solvent, which would make it a truly sustainable energy.
The method from scientists at Linköping University in Sweden can recycle all parts of a modern solar cell repeatedly without environmentally hazardous solvents—and the recycled solar cell has the same efficiency as the original one.
The method works with one of the most promising technologies for next-generation solar cells: perovskite.
Perovskite solar cells are not only relatively inexpensive and easy to manufacture but also lightweight, flexible, and transparent. Thanks to these properties, they can be placed on many different surfaces, like windows. Also, they can convert up to 25 percent of the solar energy into electricity—comparable to today’s silicon solar cells. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $68.47 | Up |
| Crude Oil (Brent) | USD/bbl | $71.97 | Up |
| Bonny Light 14/03/25 CBN | USD/bbl | $73.96 | Down |
| Dubai | USD/bbl | $71.39 | — |
| Natural Gas | USD/MMBtu | $4.03 | Down |
| Murban Crude | USD/bbl | $73.24 | Up |
| OPEC basket 17/03/25 | USD/bbl | $73.65 | Up |
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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