California gas prices nearing $7 a gallon has San Diego drivers grumbling
Gas prices in California have had a history of being higher than in many other areas of the US, but recently they have risen to well over $6 and even $7 … Read More
Tag: gas prices
‘Never used a gas pump before?’
Where’s he from — New Jersey? Republican presidential candidate Mike Pence was ridiculed online after he posted a campaign video at a gas station where he unlatched a gas nozzle … Read More
Biden to pitch ‘windfall’ tax on oil firms in latest midterm gambit
President Biden will propose a “windfall” tax on oil companies Monday for banking record profits amid elevated prices at the pump that have hurt Democrats badly in midterm election polling … Read More
Senate GOP calls Biden plan to refill oil reserve ‘highway robbery’
WASHINGTON — President Biden’s plan to refill the Strategic Petroleum Reserve when oil returns to around $70 per barrel — after releasing 180 million barrels this year to lower gas … Read More
Biden set to announce new release from oil reserve: report
President Biden is set to order the release of millions more barrels of oil from America’s strategic reserve Wednesday in a last-ditch bid to further reduce prices at the pump … Read More
US could ease Venezuela sanctions, allow Chevron to pump oil
The Biden administration is considering relaxing sanctions against Venezuela as the White House scrambles to avert another surge in US gas prices, according to a report late Wednesday. The administration’s … Read More
OPEC and Russia agree to slash oil output by 2M barrels a day
The Biden administration’s scramble to avoid another surge in US gas prices took a major hit Wednesday after OPEC and Russia approved a significant cut in oil production. Oil jumped … Read More
Biden warns energy giants against gas price hikes amid Hurricane Ian
President Biden warned oil companies Wednesday not to increase gas prices after Hurricane Ian wallops Florida, saying that his administration won’t tolerate “gouging.” After asking Florida residents to obey safety … Read More
Inflation hits 8.3% in August as Fed mulls super-size rate hike
US inflation rose by a higher-than-expected 8.3% in August despite falling gasoline prices — adding pressure on the Federal Reserve as it decides whether to impose another super-size interest rate … Read More
Janet Yellen admits ‘risk’ US gas prices could surge again this winter
Treasury Secretary Janet Yellen admitted there is a “risk” that US gas prices will surge again this winter after months of steady declines. Yellen cited potentially fraught conditions in Europe … Read More
