The closure of gas stations in Hanoi on Tuesday raised concerns about a fuel supply crunch spreading in Vietnam. Several stations in Hanoi has put out signs saying “Temporarily closed” or “Waiting for re-supplying.” Moto taxi rider Nguyen Chi Bac said he had tried several fuel stations before finding one open. The Minister of Industry…
Biden Falsely Claims Gasoline Prices Were ‘Over $5’ When He Took Office
October 28, 2022
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President Joe Biden incorrectly claimed on Thursday that the price of gasoline was over $5 a gallon when he entered the White House, while the then-average price of regular gasoline was just $2.39. “Today, the most common price of gas in America is $3.39—down from over $5 when I took office,” Biden said during a…
California Gas Prices Dip Slightly After Retailers Permitted to Use Cheaper ‘Winter Blend’
October 14, 2022
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Californians are finding some relief at the gas pump this week after retailers transitioned early to a cheaper “winter blend,” but consumers are still paying the highest rates in the nation, according to the Automobile Club of Southern California. Gas prices retreated to an average price of $6.20 Oct. 13 in the Golden State—22 cents…
Biden Administration Releases $1.5 Billion for Electric Vehicle Charging Stations Along Highways
All 50 states in the United States received final approval Tuesday to begin construction on a nationwide network of thousands of electric vehicle (EV) chargers covering approximately 75,000 miles of highway across the country. The Transportation Department said in a press release that it has approved the Electric Vehicle Infrastructure Deployment Plans from the last set of 17…
$4 Gas: A Cure for Higher Prices Is Higher Prices?
For the first time since early March, the national average price for a gallon of gasoline is around $4, according to data from GasBuddy and the American Automobile Association (AAA). Since peaking above $5 per gallon in June, prices have tumbled about 20 percent. But while President Joe Biden has touted his administration’s policies as…
Fuel Price Hike Triggers Protests, Crowds at Gas Stations in Bangladesh
Protests erupted in Bangladesh after the government raised fuel prices by a record 51.2 percent, with thousands of people thronging gas stations before the increase went into effect. The price of gasoline increased to 130 takas ($1.36) per liter on Aug. 6, while 95-octane gasoline increased 51.7 percent to 135 takas ($1.42). Diesel and kerosene…
No One Wants to Drive Down This Memory Lane
Commentary One month ago, all anyone would—or could—talk about were gas prices. What the country was paying for fuel was outrageous, it seemed. Despite oil prices settling a touch after the big spike in March, this wasn’t the case for Americans paying only more at the pump. By the middle of June, the price per…
Gas Prices Could Soar Again As ‘Oil’s Second Act’ Is Coming, Expert Predicts
Even though gasoline prices have slid below $4.50 per gallon on average nationwide in what’s been a multi-week downward trend, an industry expert warns that the reprieve is likely temporary and drivers should brace for pump pain as oil readies to rally in a “second act.” The national average gasoline price on July 20 fell…
In Senate, a Clash on What’s Causing Energy Prices to Spike
July 13, 2022
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2022 Midterm ElectionsBusiness & Marketsclimate changeCompaniescongressDemocratseconomic policieseconomyenergy pricesExecutive BranchgasolineGold and CommoditiesinflationInvestmentMarketsOilPoliticsrecessionRepublicansstocksUSUS News
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Senators on the Energy and Natural Resources Committee’s Energy Subcommittee heard testimony July 13 on the drivers of high energy prices, a key issue for Americans across the country as inflation rages and November midterms loom closer. In May of this year, Rasmussen Reports found that 82 percent of likely voters in the United States…
Oil From US Reserves Sent Overseas as Gasoline Prices Stay High
HOUSTON—More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs. The export of crude and fuel is blunting the impact…
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