June 9, 2022
“EDITOR’S NOTE: In the 1970s, the average cost of gas was around 39 cents per gallon. At the time, the price was painful. It was a period of high inflation, similar to what we’re experiencing today. Yet if we were to… Continue Reading…
June 6, 2022
“The national average price for a gallon of gas is projected by Sunday to top $4.80, twice as much as the day President Biden took office. It is a staggering milestone that underscores both the everyday pain inflation inflicts on Americans and… Continue Reading…
June 3, 2022
“OPEC+ will increase the size of its oil-supply hikes by about 50 per cent, bowing to months of pressure from major consumers including the U.S. to help ease the pain of high energy prices. Ministers agreed on Thursday that the… Continue Reading…
May 30, 2022
“…The national average for unleaded gasoline is now $4.599 per gallon, just below a record of $4.60. That’s also a 40% increase so far this year and well above last year’s $3.04 per gallon level, according to AAA. By the… Continue Reading…
May 10, 2022
“The national average price for regular gasoline climbed more than four cents on Tuesday to $4.37 a gallon, according to AAA. That takes out the prior record of $4.33 set on March 11.The gas spike — prices are up 17 cents… Continue Reading…
May 3, 2022
“…Already frustrated and angry about high gasoline prices, many Americans are being hit by rapidly rising electricity bills, compounding inflation’s financial toll on people and businesses. The national average residential electricity rate was up 8 percent in January from a… Continue Reading…
April 5, 2022
“Exxon Mobil Corp on Monday said its first-quarter results could top a seven-year quarterly record, with operating profits from pumping oil and gas alone of up to $9.3 billion. A snapshot of the largest U.S. oil company’s quarter ended March… Continue Reading…
April 1, 2022
“Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Germany said amounted to “blackmail”. Putin’s decree on Thursday leaves Europe… Continue Reading…
March 29, 2022
“…The ideal goal would be to lower Russian revenues while minimising the impact on oil flows. Two solutions could achieve this. The first one would be for the EU to impose price caps on Russian crude and oil products that… Continue Reading…
March 23, 2022
“The headlines about high oil and gas prices seem far away from products like plastic wrap or lawn fertilizer. In reality, though, these everyday items need hydrocarbons to get made, and all across the supply chain, the struggle is on… Continue Reading…
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