Economics
Shale Stings High-Rolling Drivers as Premium Fuel Gets Pricey
- U.S. high-octane gasoline sells for 50 cents more than regular
- Premium gasoline sales gain 13% even with higher price gap
A gas station in Rockbridge, Ohio.
Photographer: Ty Wright/BloombergThis article is for subscribers only.
The U.S. shale boom is taking its revenge on the 1 percent.
Oil and natural gas gushing out of fields from Pennsylvania to North Dakota are flooding the U.S. with the low-octane stuff that goes into regular gasoline used in the Ford Focuses of the world, dropping prices at the pump for most drivers to the lowest autumn level in nine years.