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Stefania Cox is an NTD News anchor and national correspondent based at the network's global headquarters in New York City. Stefania anchors "NTD Newsroom," and co-anchors "NTD News Today" weekdays at 10:00 am ET.

Stefania Cox

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Melina Wisecup

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Paul Greaney is an NTD news anchor and producer. Since joining the company in 2018, he has anchored the station’s flagship Evening News broadcast, launched the NTD Business show, and produced documentary reports on pointed issues. 

The highlight of Paul’s time in the field was his coverage of the Hong Kong pro-democracy protests in 2019.

Paul Greaney

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Kevin Hogan

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Fast, compelling, first-hand news from China. China in Focus airs Monday–Friday at 8 p.m. ET.

China in Focus

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Reuters is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages.

Reuters

We present news that is truthful and based on facts, outside of the political fog. Instead of focusing on the negative things happening around us, our mission is to give our viewers a good morning with empathetic and uplifting stories. Our aim is to provide an antidote to negativity by shining a light on the best side of people. We speak to inspiring people who positively impact communities, pursue topics that represent our common human values, and will never miss an opportunity to bring you heartwarming stories.

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The Associated Press is an American not-for-profit news agency headquartered in New York City. 

The Associated Press

US News

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Flora Hua

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Joseph Lord is a congressional reporter for The Epoch Times.


Joseph Lord

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Aldgra Fredly

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Juliet Song

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Ryan Morgan is a reporter for The Epoch Times focusing on military and foreign affairs. He was previously a news writer for NTD. 


Ryan Morgan

Mari Otsu is NTD's White House correspondent based in Washington. 

Mari Otsu

World News

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U.S. motorists will see the lowest gasoline prices heading into Labor Day in five years, a new analysis shows.

GasBuddy, which monitors national gas prices, projected in an Aug. 26 <a href="as-" target="_blank" rel="nofollow noopener">report</a> that the cost of fuel will be $3.15 per gallon this Labor Day weekend.

By comparison, the average price for a gallon of gasoline on Labor Day was $3.29 last year and $3.77 in 2023.

Patrick De Haan, head of petroleum analysis at GasBuddy, says this has been the "cheapest summer" for gas prices since the pandemic.

“We’ve seen a remarkably affordable summer to hit the road with incomes up and gas prices down, but there are some challenges that remain: hurricane season and uncertainty over trade, tariffs and Russia’s war on Ukraine,” said De Haan.

“However, I remain optimistic that as cooler weather invades, gas prices too, will seasonally cool off."

At the same time, gas prices in nearly half of all states have increased over the past month amid localized refinery outages, the report stated.

BP Whiting Refinery in Indiana, the largest refinery in the Midwest, recently <a href="https://gasprices.aaa.com/midwest-refinery-flooding-causes-jump-at-the-pump/" target="_blank" rel="nofollow noopener">suspended operations</a> for several days due to flooding caused by a severe thunderstorm. The refinery has returned to operation, and industry experts anticipate that drivers in the Great Lakes region will soon experience some relief.

Looking ahead, De Haan thinks the national average will drop below $3 per gallon this fall.

This aligns with the Energy Information Administration's Aug. 28 <a href="https://www.eia.gov/todayinenergy/detail.php?id=66024" target="_blank" rel="nofollow noopener">forecast</a>. The federal agency predicts gas prices will decline by 11 percent, or about 35 cents per gallon, from August to December. Market predictions of lower oil prices, combined with the annual transition to cheaper winter-grade gasoline, are expected to drive this downward trend.
<h2>Global Oil Markets</h2>
A chief contributing factor for less pain at the pump has been falling crude oil prices.

This year, a barrel of U.S. West Texas Intermediate crude oil has fallen about 11 percent to $64 on the New York Mercantile Exchange. Likewise, Brent, an international benchmark for oil prices, has declined almost 10 percent to below $68 on London's ICE Futures exchange.

Oil, which accounts for about half of the cost of gasoline, has slumped due to various factors.

The chief component has been accelerated output by the world’s largest producers, mainly the United States and the Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+.

According to <a href="https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?f=W&n=PET&s=WCRFPUS2" target="_blank" rel="nofollow noopener">data</a> from the Energy Information Administration, U.S. production has remained above 13 million barrels per day throughout the year.

In April, key OPEC+ members—Algeria, Iraq, Kuwait, Oman, Russia, Saudi Arabia, and the United Arab Emirates—reversed their voluntary production cuts of 2.2 million barrels a day and will phase them out over 18 months, ending in September 2026. The group plans to bolster daily output by 547,000 barrels in September.

Softer domestic and global petroleum demand, as well as growing inventories, have also contributed to lower prices.

The U.S. four-week moving average for gasoline demand is about 9 million barrels per day, down 1.1 percent compared to last year, says Phil Flynn, energy strategist at The PRICE Futures Group.

<span class="cf0">"And if we look at the big picture, total commercial petroleum inventories were down by 4.4 million barrels last week," Flynn said in a daily <a href="https://blog.pricegroup.com/2025/08/28/labor-day-gas-surge-the-energy-report-08-28-2025/" target="_blank" rel="nofollow noopener">note</a>.</span>

International Energy Agency <a href="https://www.iea.org/reports/oil-market-report-august-2025" target="_blank" rel="nofollow noopener">data</a>, meanwhile, suggest that worldwide consumption ticked up at a tepid pace of 0.8 percent, or approximately 830,000 barrels per day, this year. Additionally, global oil inventories reached a 46-month high of 7.84 million barrels, according to the group's estimate.

Geopolitics has also played a role, with the situation in the Middle East stabilizing, and President Donald Trump potentially brokering a peace agreement between Ukraine and Russia. At the same time, market watchers have become skeptical that both sides will agree to end the conflict in Eastern Europe, leaving oil prices vulnerable to sudden developments.

“The lack of progress towards a peace deal means risks of sanctions and secondary tariffs continue to hang over the oil market,” said ING commodity strategists in a <a href="https://think.ing.com/articles/the-commodities-feed-oil-rallies-as-zelensky-putin-meeting-seems-unlikely290825/" target="_blank" rel="nofollow noopener">note</a>.

Still, a wide range of forecasts point to lower oil prices in the year ahead.

The latest <a href="https://www.eia.gov/outlooks/steo/" target="_blank" rel="nofollow noopener">Short-Term Energy Outlook</a>, for example, projects Brent crude to average $67 a barrel in 2025 and $51 in 2026.

Adam Turnquist, chief technical strategist for LPL Financial, says the recent break below $65 could prompt oil prices to retest the intraday lows of around $55 a barrel observed this past spring.

"Momentum remains bearish but is not oversold," Turnquist said in a note emailed to The Epoch Times.\

<em>From <a href="https://www.theepochtimes.com/business/labor-day-gas-prices-lowest-since-2020-new-analysis-finds-5907788">The Epoch Times</a></em>

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