Oil prices fall to their lowest levels in weeks, under $100 a barrel. What’s behind the drop in prices? Prices keep rising and producers are feeling the pain. We talk to one manufacturer who says they are getting hit in every direction. Gas prices are still soaring. We have some tips to help you save money at…
Wholesale Inflation Hits Double Digits; Ford To Start Shipping Cars w/o All Parts | NTD Business
Gas Prices in Southern California Keep Inching Up
LOS ANGELES—The average price of a gallon of self-serve regular gasoline in Los Angeles County recorded its smallest increase in the last two weeks on March 13, rising 1 cent to a record $5.824. Following 13.3-cent increases Wednesday and Thursday, the average price rose 1.8 cents Friday and 1.2 cents Saturday, according to figures from…
Uber Adds Fuel Surcharge in US, Canada Amid Spike in Gas Prices
Uber Technologies Inc. announced on Friday a temporary fuel surcharge will be added from March 16 on fares and deliveries in the United States and Canada in response to surging gas prices. “Many people are feeling the sting of record-high prices at the pump—and that’s certainly true of drivers and couriers,” the company said in a…
Yellen Says Suspension of Federal Gas Tax on Table to Ease High Costs at Pump
Temporarily suspending the federal gas tax is among the options being considered to provide relief to American consumers as inflation is expected to remain “uncomfortably high” throughout the year, U.S. Treasury Secretary Janet Yellen said on Friday. “We’re looking at a range of things that we might do to relieve consumers. The gas tax is…
Russia Is Just Biden’s Scapegoat for Rising Gas Prices
Commentary President Joe Biden’s announcement that the United States would ban Russian oil imports in response to the attack on Ukraine was met with serious concern from both sides of the aisle because of the impact it could have on already record high gas prices. This criticism is valid—and, to be fair, Biden acknowledged in…
Biden’s Newest Energy Policies Will Make Gasoline Prices Skyrocket Even Higher
Commentary As of Wednesday morning, March 9, gasoline prices reached their highest mark in U.S. history, smashing the all-time record set all the way back on—Tuesday. According to AAA, the national average for a gallon of gasoline is now a whopping $4.31, 14 cents higher than it was just one day ago. The rapid period…
The Cost of the Russian War Keeps Rising
Commentary From the start of Russia’s invasion of Ukraine, the U.S. stock market, which has been “stumbling since the beginning of the year,” writes the New York Times, is down “10.3 percent from its most recent peak on Jan. 3,” and the cost of gas is rising rapidly. Near record high oil prices—it briefly topped $130 per…
Pain at the Pump in Ohio as Gas Prices Keep Climbing
The price of gas keeps going up. How high it will go, nobody knows. But one thing is for sure—it had been going up in price for the last several months, and now, the United States won’t be purchasing barrels of oil for it from Russia. On March 8, hours before President Joe Biden placed…
US Fuel Prices Hit an All-Time High as Russian Sanctions Disrupt Energy Supply
March 9, 2022
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American motorists are paying a record price at the gas pump this week, as the sanctions on Russia for its invasion of Ukraine disrupt global energy shipments and jack up the cost of energy. The national average price of a gallon of gas was $4.25 as of the morning of March 9, according to the…
Industry Calls on Biden to Lift Moratorium on New Oil, Gas Leases
March 9, 2022
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Biden administration energy policiescrisis in Ukraineeconomygas pricesNational NewsNational Securityoil and gas drillingoil and gas industryoil and gas lease banPolicies & ImpactsPoliticsRussia oil banUSUS News
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Domestic producers in the United States welcomed President Joe Biden’s March 8 order banning Russian oil and gas imports but say his muddled energy policies will prolong consumers’ pain at the pump and inhibit efforts to restore American energy independence. “This crisis should be a wake-up call that we need [a] strategic American energy policy…
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