Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

A closed petrol station with closed signage on its fuel pumps in North West London, U.K., on Sept. 26. Photo: Ray Tang/Anadolu Agency via Getty Images

BP, the second-largest fuel retailer in the U.K., said Sunday that nearly a third of its gas stations have run out of main grades, citing panic buying as a cause for the shortage.

Why it matters: The fuel panic comes amid an international gas price surge, which has forced several energy companies out of business. The country is also experiencing a shortage of truck drivers, per Reuters.

  • Transport Minister Grant Shapps told Sky News that the shortage was a "manufactured situation" that would ultimately resolve itself, saying, "there's plenty of fuel" in the country.

What they're saying: "With the intense demand seen over the past two days, we estimate that around 30% of sites in this network do not currently have either of the main grades of fuel," a BP spokesperson told Axios in a statement.

  • "We are working to resupply as rapidly as possible."

Go deeper

Ben Geman, author of Generate
Oct 7, 2021 - Energy & Environment

Charting the big methane challenge

New International Energy Agency analysis sees cost-effective pathways to steeply cut oil-and-gas sector emissions of the potent greenhouse gas methane far more than what's projected under existing policies.

Driving the news: The report looks at methane from the fossil fuel sector and how to achieve a 75% cut by 2030 that's consistent with IEA's wider roadmap for net-zero global greenhouse gas emissions by 2050.

Oct 7, 2021 - Axios Twin Cities

Why buying a car is nuts right now

Many Minnesota dealers have empty lots, like this one in California. Photo: David Paul Morris/Bloomberg via Getty Images Photo: David Paul Morris/Bloomberg via Getty Images

Minnesotans trying to buy a vehicle before winter are finding bare dealer lots and long delays.

  • I learned that first-hand, and fast, while shopping for a car to accommodate my third child on the way.

Why it matters: There's a national vehicle shortage tied to a shortage of semiconductor chips, so people are having to wait for their preferred vehicle and pay more when they get it.

  • "Everybody's paying sticker price or above sticker to get something they want," said Scott Lambert, president of the Minnesota Auto Dealers Association. "In my 30 years doing this, I've never seen anything like this."

I was interested in buying a used vehicle, but the prices were so high that it didn't make a lot of sense.

  • Used car prices are up 34% compared to last year. Why spend a few thousand dollars less on a four-year-old vehicle with 50,000 miles and no warranty?

What they're saying: Reader Deb Halvorson wanted to buy a used Subaru Crosstrek, but her dealership didn't have any. She ended up buying a new one.

  • Reader Brian Powers also opted for new over used for the same reason when buying a Volkswagen Altas. The good news: The dealership gave him $1,000 more for his Subaru Forester than what he would've gotten when he considered trading it in last year.

State of play: Auto makers are focusing on building trucks and SUVs, which are more profitable, Lambert said.

  • Before the chip shortage, 86% of new vehicle sales in Minnesota were trucks and SUVs, but now that number is 90%, he said.

What's ahead: It could be a while before the market balances out, Lambert said. Many of the vehicles rolling into dealerships this fall have already been spoken for and the chip shortage is now expected to last through 2022.

  • "The Upper Midwest market gets slower in January and February," Lambert said. "That's usually when we catch up on inventory and get ready for spring sales. I don't know that we're going to be given the luxury of getting caught up this year."

I ended up buying a Honda Pilot after finding the right trim on Honda.com. I then called Inver Grove Heights Honda and put down a deposit. Now, I'm the midst of waiting six weeks for the vehicle to be built and shipped from Alabama.

  • I paid sticker price.
Updated 2 hours ago - Health

NYC firefighters union urges members to defy mayor's vaccine mandate

New York City Mayor Bill de Blasio. Photo: Michael M. Santiago/Getty Images

The president of New York City's firefighters union told reporters Wednesday that he's advised unvaccinated members to ignore Mayor Bill de Blasio's COVID-19 vaccine mandate for city workers, per Reuters.

Why it matters: Under de Blasio's order that's due to take effect Friday, unvaccinated city employees would be placed on unpaid leave. But Uniformed Firefighters Association head Andrew Ansbro said he told members that "if they choose to remain unvaccinated, they must still report for duty," according to Reuters.