OTTAWA—Alberta Premier Jason Kenney says the federal government must consult with the provinces as Ottawa moves on plans to implement a cap on emissions from the oil and gas sector. Kenney’s warning came during a rare appearance with Prime Minister Justin Trudeau today, as Alberta became the latest province to agree to participate in a…
Ottawa Must Consult Provinces on Emissions Cap for Oil, Gas Industry: Alberta Premier
California Counties Record Largest Gas Price Increase Since February
November 11, 2021
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Los Angeles, Orange, and San Diego Counties recorded Nov. 11 their largest daily increases in the average price of a gallon of self-serve regular gasoline since February. On Thursday, Los Angeles County’s regular unleaded gas price rose 2.6 cents to $4.624. LA County’s all-time high is $4.705 per gallon, set on Oct. 9, 2012, according to the American…
San Diego County Gas Price Records Largest Increase Since February
November 11, 2021
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SAN DIEGO—The average price of a gallon of self-serve regular gasoline in San Diego County recorded Nov. 11 its largest daily increase since February, rising 2.4 cents to $4.577, its highest amount since Oct. 17, 2012. San Diego County’s record gas price is $4.725 set on Oct. 8, 2012. Crude oil costs account for slightly…
Inflation Levels Across Unites States Expected to Surge to Another Record High: Federal Reserve Survey
Inflation levels across the United States are expected to surge to yet another record high, according to the Federal Reserve Bank of New York’s latest monthly Survey of Consumer Expectations (SCE) published on Monday. The SCE contains information about how consumers expect overall inflation and prices for food, gas, housing, and education to behave. The report is…
Inflation Levels Across United States Expected to Surge to Another Record High: Federal Reserve Survey
Inflation levels across the United States are expected to surge to yet another record high, according to the Federal Reserve Bank of New York’s latest monthly Survey of Consumer Expectations (SCE) published on Monday. The SCE contains information about how consumers expect overall inflation and prices for food, gas, housing, and education to behave. The report is…
Oil Exporters Stick to Modest Production Increase
Officials with the Organization of Petroleum Exporting Countries (OPEC), Russia, and other oil-producing nations decided Nov. 4 not to raise oil production substantially, in a rebuff to President Joe Biden’s request last week. The decision not to increase foreign production may ease some concerns at U.S. ports, like Los Angeles and Long Beach, that are…
Oil Exporters Stick to Modest Production Increase, Could Ease Concerns at LA Ports
Officials with the Organization of Petroleum Exporting Countries (OPEC), Russia, and other oil-producing nations decided Nov. 4 not to raise oil production substantially, in a rebuff to President Joe Biden’s request last week. The decision not to increase foreign production may ease some concerns at U.S. ports, like Los Angeles and Long Beach, that are…
Iran’s Leader Says Cyberattack Meant to Create ‘Disorder’
DUBAI, United Arab Emirates—Iran’s leader said on Wednesday that a cyberattack that paralyzed every gas station in the country was designed to get “people angry by creating disorder and disruption,” as long lines still snaked around the pumps a day after the incident began. Ebrahim Raisi’s remarks stopped short of assigning blame for the attack,…
Third-Quarter Profits to Sparkle for Shale Producers Without Hedges
October 26, 2021
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With oil and gas prices at multi-year highs, U.S. shale producers are poised to deliver the strongest earnings since the onset of the coronavirus pandemic, so long as they didn’t lock in sales tied to much lower prices. Sky-high oil and gas prices will fill energy companies’ bottom line, rewarding investors who hung on through…
Gas Inflation Kicks Drivers in the Pocket Book
Gas prices are the highest they have been in seven years, and they are going to keep on climbing through winter. Across the entire United States, the current average price for a gallon of gas is $3.37. The last time it averaged $3.37 a gallon was Sept. 17, 2014, according to records kept by AAA….
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