Americans should be wary of gas prices again rising starting in the spring, said one petroleum analyst, who warned that a gallon of regular gas could hit $4 again. “It’s a question of when, not if. I think something like that could happen by potentially April, maybe sooner,” GasBuddy petroleum analyst Patrick De Haan told…
Petroleum Analyst Issues Warning to Drivers: Gas Prices to Rise Again to $4
LIVE NOW: NTD Business (Jan. 25): Threat of Ban Could Spur TikTok Sale; Calif. Wants to Tax Rich Even After They Leave
Gas prices are on the rise again. What’s behind it, and where is it going next? A farm group is calling to investigate record-high egg prices—saying price gouging could be to blame. California lawmakers are proposing a new bill to tax the rich, even after they’ve left the state. They say it’s to reduce income…
NTD Business (Jan. 25): Threat of Ban Could Spur TikTok Sale; California Wants to Tax Rich Even After They Leave
Gas prices are on the rise again. What’s behind it, and where is it going next? A farm group is calling to investigate record-high egg prices—saying price gouging could be to blame. California lawmakers are proposing a new bill to tax the rich, even after they’ve left the state. They say it’s to reduce income…
Gasoline Prices Surge as Consumer Demand Rises in January
January 24, 2023
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Business & MarketsCompaniescrudeeconomic policieseconomyenergygas pricesinflationMarketsOil RefineriesUSWorld
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Rising U.S. consumer demand, combined with a rise in the price of crude oil, has led to an increase in gas prices at the pump. The national average price for a regular gallon of gas was at $3.46 on Jan. 24, according to data from the American Automobile Association (AAA). The auto association attributed much of…
Energy Secretary Opposes GOP Push to Add Conditions for Withdrawing More Oil From National Reserves
January 19, 2023
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Business & Marketseconomyenergygas pricesPolicies & ImpactsSecretary of Energy Jennifer GranholmStrategic Production Response ActUSUS Strategic Petroleum Reserve
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U.S. Secretary of Energy Jennifer Granholm sent a letter to the House energy panel warning that the GOP push to add stipulations to the withdrawal of oil from strategic reserves will harm Americans and contribute to an increase in gas prices. Earlier this month, Rep. Cathy McMorris Rodgers (R-Wash.) introduced the Strategic Production Response Act…
Australian Gas Retailers Unable to Secure Supply Due to Government’s Gas Price Cap
Several Australian gas retailers have reported supply issues following the government’s implementation of the gas price cap, which prompts the consumer watchdog to keep a close eye on gas producers. In a recent gas market development, AGL–the second-largest energy retailer in Australia, confirmed that the company has been unable to secure an incremental contract supply…
Gas Prices Drop in New Jersey, Dip Across Nation at Large
TRENTON, N.J.—Gas prices dropped in New Jersey and also ticked down across the nation at large, analysts said. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.27, down four cents from last week. Drivers were paying $3.37 a gallon on average a year ago at…
Here’s Where Gas Prices in Canada Are Headed in 2023, According to Analysts
Canadians can expect to see high gasoline prices continue this year, but analysts differ on whether the record-setting peak of $2.10-per-litre national average seen in mid-June 2022—as reported by GasBuddy—could happen again. Gas prices won’t decrease anytime soon, and 2023 will be “expensive and a repeat of 2022,” says Dan McTeague, president of Canadians for Affordable…
Capitol Report: Judge Rules Kari Lake Won’t Be Sanctioned; What’s in Sen. Rand Paul’s Festivus Report?
The fight around Arizona’s gubernatorial election continues. Governor-elect Katie Hobbs and Maricopa County have asked a court to sanction Kari Lake. Thousands of U.S. flights were canceled, the vast majority from Southwest Airlines. The Department of Transportation is saying they’ll examine what they’re calling an unacceptable rate of cancellations. Billions of dollars are spent on maintaining empty buildings and millions…
Capitol Report: Judge Rules Kari Lake Won’t Be Sanctioned; What’s in Sen. Rand Paul’s Festivals Report?
The fight around Arizona’s gubernatorial election continues. Governor-elect Katie Hobbs and Maricopa County have asked a court to sanction Kari Lake. Thousands of U.S. flights were canceled, the vast majority from Southwest Airlines. The Department of Transportation is saying they’ll examine what they’re calling an unacceptable rate of cancellations. Billions of dollars are spent on maintaining empty buildings and millions…
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