Casey Quinlan, Wisconsin Examiner Higher temperatures. Higher gas prices. Drivers across the country have seen that seasonal given play out in recent weeks. The national average for a gallon of regular gas was $3.61 on May 1, up 11 cents over the previous month, according to AAA. The good news …
Read More »In Attempt To Curb Gas Prices, Biden Will Release Oil From Emergency Reserve
Jacob Fischler, Georgia Recorder President Joe Biden will authorize the release of 15 million barrels of oil from the nation’s reserves on Wednesday, part of an effort to lower gas prices as polling shows concerns over inflation are likely to hurt Democrats in congressional elections next month. The release from …
Read More »House Panel Grills Oil Executives At Hearing On Soaring Gas Prices
by Jacob Fischler, Idaho Capital Sun April 6, 2022 Democrats blamed the oil industry, Republicans blamed President Joe Biden and oil executives blamed global market forces at a U.S. House hearing Wednesday on how to reverse a dramatic increase in gas prices. Over nearly six hours, members of the House …
Read More »Biden OKs Release Of 1 Million Barrels Of Oil A Day From Reserve
by Jacob Fischler, Idaho Capital Sun March 31, 2022 On Thursday, President Joe Biden said he would release 1 million barrels of oil from the Strategic Petroleum Reserve daily for the next six months and spur mining companies to increase their production of the materials used to power electric vehicles. …
Read More »As Gas Prices Fall From Record Highs Some States Provide Additional Relief At The Pumps
The price for a gallon of gas continues to slowly fall after hitting a record $4.33 on March 11. The national average for a gallon of gasoline on Tuesday was $4.25, according to AAA. The primary reason for the falling prices is the lower global price of crude oil, which peaked …
Read More »Lyft, Uber To Add Fuel Surcharge As Gas Prices Surge
Ridesharing companies Lyft and Uber are adding a temporary fuel surcharge to help drivers deal with rising gas prices, the companies have both confirmed. Lyft hasn’t said how much more riders will pay per trip or when the surcharge will begin, but Uber’s surcharge is set to go into effect on …
Read More »Biden To Tap Strategic Petroleum Reserve To Lower Gas Prices
On Tuesday, President Joe Biden announced that the Department of Energy would make available releases of 50 million barrels of oil from the Strategic Petroleum Reserve, an emergency pool kept by the United States, in an effort to lower gas prices for Americans and address the mismatch between demand exiting the pandemic …
Read More »Biden Asks FTC To Probe ‘illegal conduct’ Affecting Gas Prices
President Joe Biden on Wednesday asked Federal Trade Commission (FTC) Chair Lina Khan in a letter to immediately “consider whether illegal conduct is costing families at the pump,” as he said there’s “mounting evidence of anti-consumer behavior by oil and gas companies.” “Prices at the pump have continued to rise, …
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