Category: gas prices

Capitol Report (Feb. 18): US Trucker Convoy Protest to DC

All members of Congress are invited to President Joe Biden’s State of the Union address, but only if they adhere to very strict COVID rules. We’ll explain why some members of the GOP might not be attending. With the Canadian trucker protest being broken up by authorities, a convoy in the United States is just…


Gas Prices May Soon Hit $7 Per Gallon, Warns Expert

U.S. gas prices, currently hovering at around $3.5 per gallon, could soon double to $7 as pressure mounts between Ukraine and Russia, according to a prediction by an energy expert. “My guess is that you are going to see $5 a gallon at any triple-digit [oil price] … as soon as you get to $100….


Gas Prices May Soon Hit $7 Per Gallon, Expert Warns

U.S. gas prices, currently hovering at around $3.5 per gallon, could soon double to $7 as pressure mounts between Ukraine and Russia, an energy expert predicts. “My guess is that you are going to see $5 a gallon at any triple-digit [oil price] … as soon as you get to $100. And you might get…


Southern California Residents React to Record High Gas Prices

As gas prices in Los Angeles and across the state continue to hit record heights, more owners of fuel-powered vehicles are considering switching to electric cars. The average price of regular gasoline in Los Angeles hit $4.78 per gallon as of Feb. 17, which is $1.23 more than a year ago, according to figures from…


US Gas Prices Remain at High Levels Buoyed by Global Tensions

Gas prices in the United States are edging towards multi-year record levels, pushing up prices of daily essentials and eroding the quality of life of Americans along the way. Multiple factors such as the Russia-Ukraine crisis and OPEC production are contributing to the rise in prices. According to the American Automobile Association (AAA), the average…


Shell Yearly Profits Surge Four-Fold as Fuel Prices Rocket Upward

Oil company Shell recorded a quadrupling of yearly profits as oil and gas prices reached peak levels, leading the company to buy back shares and increase shareholder dividends. “2021 was a momentous year for Shell,” said company CEO Ben van Beurden in the earnings report published Feb. 3. “Progress made in 2021 will enable us…


Key Inflation Gauge Rose 5.8% in Dec; Apple Shares Jump As Profits Top Estimates | NTD Business

Consumer prices in December rising at the fastest pace in four decades. where are gas prices going? we talk to an oil expert. Apple shares up 7 percent today, after reporting a record quarter, how did it manage to overcome the chip shortage? Companies pulling out all the stops to lure people back to the office,…


AAA: LA Gas Price Hikes Likely Coming Soon

LOS ANGELES—Gas price increases are expected in a few weeks with the start of the traditional “spring spike” season that typically brings increases averaging 50 cents a gallon, according to an Automobile Club of Southern California spokesperson. The average price of a gallon of self-serve regular gasoline in Los Angeles County increased reached $4.67 on Jan….


Dozens of Protesters Killed in Kazakhstan, Over 1,000 Injured: Report

Dozens of protesters were killed in Kazakhstan overnight as they clashed with security forces in the Central Asian country as a Russia-backed security bloc agreed to send in military forces in a bid to quell nationwide unrest, authorities said on Thursday. There was no immediate confirmation on the number of fatalities among protesters, though state-run news…


Are High Gas Prices Here to Stay?

News Analysis Americans are expected to spend more on gas in the new year if Wall Street predictions play out. While the U.S. government says gas prices will fall below $3 per gallon in 2022, many analysts forecast the opposite. With strong global demand and “underinvestment” in the oil and gas sector, prices at the pump…