AAA: Gas Prices Skid Down, but May Rise
After hitting record highs, earlier this summer, it seems like the average gas prices are on a slow decline.
Biden Says Decision on Gas Tax Holiday May Come This Week
President Joe Biden said Monday that he will decide by the end of the week whether he would support a federal gasoline tax holiday, possibly saving U.S. consumers as much as 18.4 cents a gallon.
Biden Planning To Tap Oil Reserve To Control Gas Prices
President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve, according to two people familiar with the decision, in a bid to control energy prices that have spiked as the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine
What Does a US Ban on Russian Oil Accomplish?
As Russia has intensified its war on Ukraine, killing civilians and triggering a mass refugee crisis, President Joe Biden is expected to announce a ban on importing Russian fuel.
Stocks Fall on Wall Street as US Oil Price Briefly Hits $130
Stocks are falling in morning trading on Wall Street, as more gains for oil prices threaten to worsen the world’s already high inflation.
Nations Agree to Release 60M Barrels of Oil Amid Inflation, Russian War
U.S. benchmark crude oil prices jumped 10.6 percent to $105.82 per barrel by midday Tuesday, reaching the highest price since 2014. Higher oil prices are a key contributor to inflation.
