The Environmental Protection Agency (EPA) is moving to increase the domestic gasoline supply by enacting a temporary emergency fuel waiver to go into effect on September 1, Breitbart News has learned.
The University of Michigan’s preliminary June index of consumer sentiment rose 9.2 percent to 48.9 from 44.8, the first improvement in four months.
House lawmakers moved a measure this week to lower gas prices at military exchanges, making fuel cheaper for U.S. service men and women.
The consumer price index rose 0.6 percent in April, the Department of Labor said Tuesday. Compared with a year ago, prices are up 3.8 percent. This matched expectations.
Brent crude spiked to nearly $120 a barrel Thursday morning before retreating, as the Iran conflict expanded to threaten major energy hubs across the Middle East. A drone struck a Saudi refinery, and President Trump issued a stark warning that
Price are up in the corn-belt by 40 cents a gallon.
High inflation under Democrat President Joe Biden’s economy is making American consumers anxious about the affordability of basic necessities — such as housing, food, and gasoline.
Brazilian President Jair Bolsonaro used his address at the United Nations General Assembly on Tuesday – as per tradition, the first by a head of state at the event – to celebrate the “full recovery” of his nation’s economy in the aftermath of the Chinese coronavirus pandemic.
China’s government-run Xinhua News Agency announced on Tuesday that the Communist Party would lower gasoline and diesel prices nationwide, a move following growing purchases of cheap Russian petroleum products and of American gasoline leftist President Joe Biden released from the country’s Strategic Petroleum Reserve (SPR).
Argentine truck drivers’ unions called for a nationwide strike on Wednesday, causing miles-long road closures and other transportation disruptions that threatened to jeopardize the country’s food supply during its peak harvest season, Reuters reported.
Still no help on the supply side from U.S. oil producers.
Brazilian President Jair Bolsonaro declared “war” on government oil company Petrobras during a live broadcast online on Thursday evening over what he called “absurd” profits that were tantamount to the “rape” of the Brazilian people.
The inflation rate in Canada in March was recorded at 6.7 per cent, the highest rate of inflation in 31-years, increasing by a full percentage point over February’s figure. Inflation, or the costs of various goods in Canada, is rapidly
Michigan Attorney General Dana Nessel (D) wants the Biden administration to intervene in the dispute over the state’s Line 5 oil pipeline and shut it down because keeping the pipeline open could result in an oil spill, Nessel says.
Hey Joe: What did you say about cutting our costs?
Gasoline prices have surged higher as winter weather has enveloped much of the U.S. and escalating tensions with Russia have helped push up the price of oil. The price of Brent, the global benchmark fell by nearly half a percentage
OPEC and allied oil producers agreed to increase production in February because they see demand remaining strong.
Biden tries to pass the buck for inflation to gas stations. The data do not support his claim.
Michigan gas prices have soared to a 2021 high, as the average gallon of unleaded gas in the state registers at $3.33.
Sean Parnell said the Keystone State is “ground zero” for the Biden administration’s “war on the energy industry.”
The average price of a gallon of gasoline rose above three dollars on Wednesday, according to data from AAA.
Demand for gasoline soared Monday as the shutdown of the Colonial Pipeline sent Americans to the pumps. Gas demand on the east coast of the U.S. rose 32.5 percent compared with the prior Monday, GasBuddy petroleum analyst Patrick De Haan
Raising the price of gasoline is part of Democrats’ plan to make driving unaffordable for most Americans, Charlie Hurt said.
On Wednesday’s broadcast of the Fox News Channel’s “Your World,” Rep. Emanuel Cleaver (D-MO) said that he prefers raising the gasoline tax to pay for infrastructure, but “unfortunately, Americans have become so accustomed to the low gas prices,” and you
The consumer price index climbed three-tenths of a percentage point in January, the Labor Department said Wednesday. That was the fastest pace of inflation in five months. But most of that can be attributed to higher gasoline prices, which rose by 7.4 percent in January. Outside of fuel, price increases were tame or nonexistent.
The price for gasoline dropped to 99 cents a gallon at the Spur 7 BP station in London, Kentucky, on Wednesday.
President Donald Trump praised the U.S. 3.2 GDP increase released Friday for the first quarter of 2019 as much higher than expectations.
Alfredo Ortiz writes in The Hill that, for lack of anything else to pin on Trump, perennially disgruntled Democrats are blaming the 50 cent rise in gas prices on the president’s “reckless decision to pull out of the Iran deal.”
On a real basis, gas may be cheaper than it has been on any Independence Day in this century.
At the end of September, the Organization of Petroleum Exporting Countries (OPEC) surprised the markets by agreeing to a production cut. As soon as the 14-nation deal was announced, oil prices jumped more than five percent to some of the highest levels since the crash two years ago.
All of us loved less-than $2 a gallon at the pump. AAA reports: “Americans paid cheapest quarterly gas prices in 12 years”—which resulted in savings of nearly $10 billion compared to the same period last year. However, oil (and, therefore gasoline) has been creeping upward since the February low—topping $45 a barrel, a high for the year. And that could be a good thing.
The Federal Reserve has kept a watchful eye on labor markets but as it meets next week to chart interest rate policy, it would do well to recognize that inflation is heating up too.
The American consumer resists marketing aimed at selling them electric and hybrid vehicles. For the first quarter of 2015, according to the Wall Street Journal (WSJ), Chevrolet sold 1,874 Volts—its electric car introduced in 2010 with “high expectations.” That roughly equals the number of Silverado pick-up trucks sold in one day.
AAA estimates U.S. households in 2014 saved an average of $115 on gasoline compared to last year, with the majority of that savings coming during the price collapse that sent the national price down to an annual low of $2.26 on the last day of the year. Gasoline prices have continuously fallen every day for an all-time record of 97 days. The last time America saw such a low average national price was on May 12, 2009.
