Responding to President Joe Biden’s call for an explanation of soaring petroleum prices and surging industry profits, oil and gas executives will visit the White House tomorrow for an emergency meeting with Energy Secretary Jennifer […]
Energy Secretary Jennifer Granholm has said that the White House is considering all tools to lower the price of gasoline. The Biden Administration’s main priority is increasing supply, aware that a gas tax would hurt […]
New York (CNN Business)US drivers got a slight — very slight — break on prices this weekend as the AAA average for a gallon of unleaded gas fell below the $5 mark. The average price […]
U.S. natural gas futures (NGM22) rose more than 4% on Monday morning to $8.456 per MMBtu, as U.S. LNG exports reached a seven-week high to service LNG-thirsty Europe, according to Reuters. Natural gas prices in Europe are […]
(Reuters) – U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts. Calls for new oil supplies are being […]
A significant majority of Americans blame Russian President Vladimir Putin for the recent spike in America’s gas prices, but almost as many blame oil companies, according a new ABC News/Ipsos poll released Sunday. In asked […]
Retail prices for gasoline and diesel have increased significantly following the start of Russia’s further invasion of Ukraine on February 24. The average U.S. regular retail gasoline price increased 22 percent from $3.53 per gallon […]
OKLAHOMA CITY (KFOR) – President Joe Biden unveiled a ban on Russian oil imports Tuesday afternoon as oil and gas prices continue to skyrocket to record highs. “Russia’s aggression is costing us all and it’s no time […]
Traders are steering clear of deals with Gazprom’s trading unit. The front-month Dutch TTF natural gas futures soared by 60 percent to over $215 (194 euro) per megawatt-hour on Wednesday. Saxo Bank’s Ole Hansen: European […]
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update The average retail price for regular gasoline in the United States on May 24, the Monday before the Memorial Day weekend, was $3.02 per gallon (gal), the […]
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