Rig Count Relief! 13 Rigs Added as Oil Hangs Above $110 and Gas Prices Hit Record Highs
Texas to the rescue!

Texas to the rescue!
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.
Hundreds of protesters – reportedly armed with clubs, iron rods, stones, and other rudimentary weapons – attempted to storm President Gotabaya Rajapaksa’s house in the Mirihana district of Colombo, Sri Lanka, on Thursday night, demanding his government address the chronic shortages of fuel, food, medicine, and electricity the country is experiencing.
Philippines President Rodrigo Duterte reminisced on Tuesday about days in his youth when the country endured gasoline rationing, suggested he may impose such a policy due to skyrocketing prices and low demand he blamed on the “stupid war” between Russia and Ukraine.
Sri Lanka’s military deployed troops to hundreds of gas stations across the island nation this week after fuel shortages caused massive lines at the sites, with some crowds reporting murders and deaths among the masses, Reuters reported Tuesday.
President Muhammadu Buhari apologized “to all sections of the society” in a statement Wednesday for Nigeria’s increasingly critical shortages of gasoline and other petroleum fuel products, as well as a rotting electric grid that collapsed twice this week, leaving the entire country in the dark.
Permits for oil and gas development “have been coming out of the Biden administration slower than” during the Trump years, oil executive Dan Eberhart said.
Up, up and you pay. The average U.S. price for regular-grade gasoline at the pump soared a whopping 79 cents over the past two weeks to hit a record $4.43 per gallon on Sunday.
“Put drop boxes next to the pump and see who gets elected,” Andrew Wilkow said, adding, “Start voting at gas stations.”
Annual U.S. imports of oil from Russia rose 40.6 percent during Joe Biden’s first two years when compared to the Trump administration’s years.
A gallon of gas is now costing buyers $5 on average in San Diego as the national average recently climbed to $3.72.
Gas prices have spiked again and may continue as the national average hit $3.72 and President Joe Biden’s stance regarding fossil fuels drives surging oil costs.
Oil prices surged as fighting continued in Ukraine.
President Joe Biden’s energy policies are driving up oil prices, which will result in Americans paying the most for gasoline in nine years.
Californians saw gas prices soar to $4.72 a gallon Wednesday, even as President Joe Biden vowed to keep working to cut the price of gasoline.
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
Higher oil prices are closely associated with higher inflation.
A fire broke out overnight at the Baytown, Texas, ExxonMobil plant, which left four people injured, according to the Harris County Sheriff’s Office (HCSO).
PORT-AU-PRINCE, Haiti (AP) — A truck carrying gasoline exploded in northern Haiti, killing more than 50 people and injuring dozens of others, officials said Tuesday.
A Kentucky woman has been charged with attempted murder after she allegedly doused a store clerk in gasoline and tried to set her ablaze.
Biden tries to pass the buck for inflation to gas stations. The data do not support his claim.
Oil prices headed toward $85 a barrel Monday, indicating gasoline prices will likely keep climbing.
The Islamic regime in Iran blamed a massive cyberattack for disrupting Iran’s fuel distribution network on Tuesday, leaving puzzled motorists stranded in long lines as gas stations mysteriously shut down.
A Tennessee man has been charged with attempted second-degree murder for allegedly setting his girlfriend on fire when she tried to break up with him.
A rioter allegedly attempted to set fire to an NYPD van with officers inside amidst a violent protest Friday in the name of 24-year-old Mike Rosado, who died from a gunshot wound after exchanging gunfire with police.
And analysts expect the price to keep rising over the coming weeks.
The United State’s capital is nearly dry of gasoline Friday morning while states such as North Carolina and Virginia are also struggling, according to recent data.
The gas shortage got worse on Thursday as more than half of gas stations in Viirginia and 68 percnt in North Carolina went dry
Sean Parnell said the Keystone State is “ground zero” for the Biden administration’s “war on the energy industry.”
Gas stations across the South Eastern U.S. have run out of gasoline, according to data from GasBuddy.com. Sixty-five percent of gas stations in North Carolina are out of gasoline, the data show, making it the hardest-hit state. Here are the
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.
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.
A hike in the tax on gasoline is one possible revenue burden facing American motorists, President Joe Biden’s Secretary of Transportation nominee Pete Buttigieg told a Senate panel on Thursday.
Venezuelan dictator Nicolás Maduro claimed on Wednesday that his country had just under three weeks’ worth of gasoline left, blaming the shortages on a supposed terrorist attack against an oil refinery in Falcón state.
The sale of gasoline in socialist-controlled Venezuela is increasingly being controlled by socialist warlords in a similar manner to drug trafficking, Argentinian outlet InfoBae detailed in a report Friday.
José Guerra, a member of Venezuela’s National Assembly, lamented in an interview highlighted by Venezuelan outlet Dólar Today on Tuesday that “no solution” exists to Venezuela’s chronic gasoline shortages because socialist mismanagement has destroyed the nation’s refineries.
Venezuela is coping with crippling shortages of gasoline and lines so long the socialist government had to outlaw camping for gas.
The United States seized the cargo of four Iranian fuel tankers for transporting gas to Venezuela, a violation of sanctions, the Department of Justice announced on Friday.