Gas prices are the highest they’ve been in seven years, and they’re 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 per gallon was Sept. 17, 2014, according to records kept by AAA Travel agency….
Power Squeeze Curbs Chinese Growth, Leaves Europe in a Gas Bind
October 20, 2021
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Asia & PacificBusiness & EconomyChinaChina Business & EconomycoalEconomiesenergyEuropefuelGasInternationalUSWorld
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BEIJING/MOSCOW/PRAGUE—China’s power shortages hit growth in the world’s second-biggest economy, threatening more pain for global supply chains, while Europe’s gas squeeze looked set to continue as Russia’s Gazprom showed no sign of hiking exports to the region in October. Coal, oil, and gas prices have all rocketed higher in recent weeks hammering utilities and consumers…
Germany Slashes Energy Surcharge to Help Consumers Weather Soaring Prices
FRANKFURT—Germany will cut a power surcharge levied on consumers to support renewable energy by 42.7 percent to help households cope with soaring energy prices, network operators said on Friday. Germany and other governments in Europe are seeking to provide relief for consumers as gas prices skyrocket. The reduction in the German levy, to 3.723 euro…
Russia Seeing Record Gas Demand but Still Ready to Boost EU Supplies, Novak Says
MOSCOW—Russian gas consumption is running at a record high but Moscow is still ready to increase supplies to Europe should it receive such requests, Deputy Prime Minister Alexander Novak said on Saturday. European spot gas prices have surged by 800 percent this year as demand has recovered after the coronavirus pandemic. Prices eased earlier this…
US Oil and Gas M&A Activity in Third Quarter Pulls Back From 2-Year Peak
October 13, 2021
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Dealmaking in the U.S. oil and gas industry in the third quarter of 2021 fell from a two-year high in the previous quarter, according to data analytics firm Enverus on Tuesday, as the industry cools from post-pandemic consolidations and focuses on selling off non-core assets. Mergers and acquisitions (M&A) activity in the July-September quarter totaled…
Mom Stranded at Gas Station With Kids and No Money for Gas—Until Officer Arrives, Pays for Fuel
This is what police officers across the country do every day. After getting a call of a woman with two small children stranded at a gas station at night with no money for gas, Officer Greg Howard from the South Bend Police Department paid for her fuel so that she could be on her way…
Oil Up as Industries Switch From Gas, Little Sign Supply Crunch Easing
October 8, 2021
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Business & EconomyCompaniesEconomieseconomyEuropeGasindustriesInternationalLocal NewsMarketsMiddle EastOilRegional NewsRegional-Local NewssupplyTexasUSUS NewsWorld
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Oil prices rose on Friday, and were on track for gains of nearly 5 percent this week, on signs some industries have begun switching fuel from high-priced gas to oil and on doubts the U.S. government would release oil from its strategic reserves for now. “A lot of catalysts are out there to keep the…
UK Can Meet Gas Demand This Winter, National Grid Says
Britain’s infrastructure will be able to get enough gas into the country to see it through the winter—and electricity demand should be safe, according to a new forecast from the company that runs the grid. National Grid Gas Transmission said that Great Britain will have a “positive supply margin”—that is to say it can access…
Average San Diego County Gas Price Rises to Highest Amount Since 2012
SAN DIEGO—The average price of a gallon of self-serve regular gasoline in San Diego County rose Oct. 5 to its highest amount since Oct. 23, 2012, with further increases expected. The average price rose eight-tenths of a cent to $4.372, one day after increasing three-tenths of a cent, according to figures from the AAA and…
China’s Energy Crisis: A CCP-Made Emergency
October 4, 2021
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News Analysis Factories in China are being forced to shut down amid an energy crisis, as more than half of the provinces have imposed electricity-use restrictions. Forced reductions even apply to Jiangsu, Zhejiang, and Guangdong provinces, which generate roughly one-third of the nation’s GDP. Local governments are enforcing shut-down rules in their attempt to meet…
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