President Joe Biden announced Thursday the daily release of 1 million barrels of oil from the country’s reserves for the next six months as a way to bring down gas prices that have been breaking recor...
Tag: Gasoline
Ukraine-U.S. Trade Off To Record Start In 2022— Before Russian Invasion
In the first month of 2022, before Russian troops invaded Ukraine, U.S. trade with Ukraine was the … [+] highest ever for the month of January. The January data is the most recent available from...
Oil Market Shows Optimistic Outlook For Energy Crisis
ARTEMIVSK, UKRAINE – FEBRUARY 19: Ukrainian soldiers who left Debaltseve yesterday prepare to return … [+] to support the further withdrawal of troops on February 19, 2015 in Artemivsk, Uk...
States With The Highest And Lowest Gasoline Tax
LOS ANGELES – DECEMBER 19: The Wilmington ARCO refinery is seen before dawn December 19, 2003 in … [+] Los Angeles, California. Crude oil prices have reached the highest level since before...
Why Some Prices Rise First And Others Later
Gas station in Los Angeles June 2021 (Photo by FREDERIC J. BROWN/AFP via Getty Images) AFP via Getty Images Some inflation commentaries emphasize how much of our recent inflation came from oil prices ...
High Gas Prices Might Be Here For A While, But We Have A Way Out
Detail of a hand holding a fuel pump at a station getty Although there are many indicators of how the global economy is going, the price of gasoline is the one that we all know best. The average cost ...
Oil Executives Summoned by Democrats Over $4-a-Gallon Gasoline
(Bloomberg) — Democrats in Congress are taking aim at big oil as they seek to deflect blame for eye-popping gasoline prices that could sink their prospects in the midterm elections. Most Read fr...
Oil Market Rollercoaster Continues To Cause Economic Pain
WASHINGTON, DC: White House Press Secretary Jen Psaki speaks during a White House daily news … [+] briefing at the James S. Brady Press Briefing Room of the White House in Washington, DC. (Photo...
The Anti-Oil Business Is Trying To Fool You Again
GENEVA, SWITZERLAND – JUNE 16 (RUSSIA OUT): Russian President Vladimir Putin (L) greets President of … [+] USA Joe Biden (R) during the US – Russia Summit 2021 at the La Grange Villa...
How Much Of The Gasoline Price Surge Is President Biden’s Fault?
WASHINGTON, DC – MARCH 08: U.S. President Joe Biden speaks in the Roosevelt Room of the White House … [+] March 8, 2022 in Washington, DC. During his remarks, Biden announced a full ban on...
Why Are Gasoline Prices So High? How Russia’s Invasion Of Ukraine Affects The Pump
Topline U.S. gasoline prices reached record highs this week, with some portions of the country paying on average nearly $5 per gallon, according to the American Automobile Association—here’s what has ...
Percent Of U.S. Oil Imports From Russia Highest In Decades — At 3.5%
President Vladimir Putin’s Russia is a large exporter of oil to the world, but not the United … [+] States. Getty Images Some members of the U.S. Congress suggested Thursday that the Unite...
Average national gasoline price surges to $3.83 a gallon, the highest since 2012
Fuel prices are displayed at gas stations on March 03, 2022 in Chicago, Illinois. Increasing demand and dwindling supplies coupled with global supply uncertainty driven by the war in Ukraine have driv...
Gas Tax Holiday Could Backfire On Democrats
Gasoline prices are displayed at a station Friday, Dec. 10, 2021, in Shoreline, Wash. Prices for … [+] U.S. consumers jumped 7.5% in recent months as surging costs for food, energy, housing, aut...
Electric Vehicles Will Need New Taxation Or Governments Will Lose Billions
Governments all over the world rely on the income from vehicle tax and a percentage from the fuel vehicles use. But with EVs, that fuel revenue is gone. This is causing great concern everywhere that E...
Is it OK to use the lowest-grade gas? Here’s a guide to the different types of fuel.
Selecting a grade of gasoline simply because it has a higher octane rating might not be the best choice for your car or your budget. While some vehicles can benefit from premium gas, most drivers can ...