The U.S. flag is displayed at Tesoro’s Los Angeles oil refinery in Los Angeles, California
Lucy Nicholson | Reuters
Crude oil futures rose on Thursday, adding to the previous session’s gains as the International Energy Agency now forecasts a supply deficit for 2024.
The West Texas Intermediate contract for April rose 86 cents, or 1.08%, to $80.58 a barrel. The Brent contract for May added 68 cents, or 0.81%, to $84.71 a barrel.
Oil Prices, Energy News and Analysis
The move came after the IEA forecast a slight supply deficit for the year rather than a surplus, as the organization assumes OPEC+ will keep its production cuts in place through 2024. The cartel’s cuts of 2.2 million barrels per day are officially in place through at least the second quarter.
The IEA revised global demand growth upward by 110,000 barrels per day to 1.3 million bpd total.
Oil prices rose more than 2% Wednesday after Ukrainian drone attacks this week on Russian oil refineries. U.S. crude has gained 12% in 2024, while the global benchmark has gained 9.8%.
New York City just brought another EV fast-charging station online, this time in the Bronx, one of the city’s most underserved areas for clean transportation.
The New York City Department of Transportation (NYC DOT) has opened a new public fast-charging station at its White Plains Road Municipal Parking Field in the Bronx Park East section of the borough, at 2071 White Plains Road.
The site includes four DC fast chargers, three 50 kW units, and one 175 kW unit, which can give most EVs an 80% charge in about 20 minutes. Four additional Level 2 chargers can fully charge most vehicles in six to eight hours.
This new Bronx hub sits in a community with one of the city’s highest concentrations of Taxi and Limousine Commission (TLC) drivers. Nearly 1,000 TLC-licensed drivers live nearby, and another 1,500 live in adjacent neighborhoods. TLC drivers can sign up through the EV Connect app for a 15% discount on charging fees.
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“Achieving a greener transportation future means investing in electric vehicle chargers that will help us say goodbye to fossil fuels,” said NYC DOT Commissioner Ydanis Rodriguez, a former cab driver himself. “East Bronxites will benefit significantly from these new EV chargers, and we look forward to continuing this critical work to fulfill the Adams administration’s ambitious goals.”
Those goals include the Green Rides Initiative, which aims to make all high-volume for-hire vehicle trips zero-emission or wheelchair-accessible by 2030. The new Bronx station also moves the city closer to Mayor Adams’ PlaNYC target of ensuring that every New Yorker lives within 2.5 miles of a fast charger by 2035. With this latest installation, the share of New Yorkers who live near a fast charger jumps from 81% to 88%.
The Bronx currently has the fewest fast chargers of any borough, and most of the city’s existing stations are concentrated in higher-income areas of Manhattan and inner Brooklyn and Queens. NYC DOT says this new location is part of a push to make EV charging more equitable and accessible.
As of September 2025, 79,036 EVs are registered in New York City – about 25% of New York State’s EVs.
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The 2025 Hyundai IONIQ 5 was one of the most affordable EVs you could lease in the US. Although the $7,500 EV credit has now expired, Hyundai is keeping the savings going with the 2026 model.
Hyundai extends EV deals for the 2026 IONIQ 5
Hyundai reduced prices on the 2026 IONIQ 5 by up to $9,800 earlier this month compared to the outgoing model. Starting at under $35,000, it’s now one of the most affordable EVs, putting it on par with the Chevy Equinox EV.
The Hyundai IONIQ 5 remains a top-selling EV in the US, and may still be your best bet if you’re looking to go electric.
You can still lease the new 2026 Hyundai IONIQ 5 SE Standard Range for as low as $289 per month. That’s only $10 more per month than before the $7,500 federal EV tax credit expired at the end of September. The offer is for a 24-month lease with $3,999 due at signing.
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However, upgrading to the longer-range SE trim might be an even better option. The 2026 IONIQ 5 SE is listed at just $299 per month, even though it costs $2,500 more than the base model at $37,500.
Hyundai IONIQ 5 at a Tesla Supercharger (Source: Hyundai)
The standard range model has an EPA-estimated driving range of 245 miles, while the SE trim offers considerably more, at up to 318 miles. For just 10$ more per month, a 30% improvement in range is a pretty sweet deal.
Hyundai is offering $4,500 in lease cash on the longer range 2026 IONIQ 5 SE, compared to just $750 for the base model.
Hyundai IONIQ 5 Trim
Driving Range (miles)
2025 Starting Price
2026 Starting Price*
Price Reduction
IONIQ 5 SE RWD Standard Range
245
$42,600
$35,000
($7,600)
IONIQ 5 SE RWD
318
$46,650
$37,500
($9,150)
IONIQ 5 SEL RWD
318
$49,600
$39,800
($9,800)
IONIQ 5 Limited RWD
318
$54,300
$45,075
($9,225)
IONIQ 5 SE Dual Motor AWD
290
$50,150
$41,000
($9,150)
IONIQ 5 SEL Dual Motor AWD
290
$53,100
$43,300
($9,800)
IONIQ 5 XRT Dual Motor AWD
259
$55,500
$46,275
($9,225)
IONIQ 5 Limited Dual Motor AWD
269
$58,200
$48,975
($9,225)
2025 vs 2026 Hyundai IONIQ 5 prices and range by trim
For those looking to save a little extra, Hyundai is still offering $11,000 in retail cash on 2025 IONIQ 5 models and 0% APR financing for 72 months. The 2025 IONIQ 5 can be leased from $189 per month until November 3. The offer is also for 36 months with $3,999 due at signing.
The California Dune Edition of the R1S / Source: Rivian
Californians just set another record for zero-emission vehicle (ZEV) adoption. In Q3 2025, residents bought 124,755 ZEVs – that’s nearly 1 in 3 new cars sold statewide. The 29.1% market share marks California’s highest quarterly total of ZEVs yet.
Governor Gavin Newsom called the milestone proof that Californians are all-in on clean transportation, even as the federal government moves in the opposite direction. “We’re nearing a third of all new vehicles sold in the fourth-largest economy on the planet being clean cars,” he said. “While Trump sells out American innovation to China, California will keep charging ahead on our path to a future of cleaner air.”
California Energy Commissioner Nancy Skinner added that the state’s massive charging expansion is paying off. Thanks to new investments, nearly every Californian now lives within 10 minutes of an EV fast charger. “Now, new EV owners can enjoy a great driving experience, bidding goodbye to smelly gas stations, messy oil changes, and costly engine tune-ups,” she said.
The state’s ZEV market is also growing more diverse. In Q1 2024, there were 105 ZEV models available; by Q1 2025, that number had climbed to 146. Of the 124,755 ZEVs sold in Q3, 108,685 were fully electric, nearly a 30% jump from Q2 2025.
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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