President Joe Biden on Wednesday called on Congress and state legislatures to provide a temporary reprieve from gas taxes — but members of his own party and Republicans appeared opposed, making it look unlikely on the federal level. In addition, many state legislatures are out of session for the year …
Read More »Biden Declares U.S. Ban On Russian Oil, Warns Of Gasoline Price Spikes
by Jennifer Shutt, Missouri Independent March 8, 2022 WASHINGTON — The United States will no longer import Russian energy in an attempt to further cripple that nation’s economy as it wages war against Ukraine. President Joe Biden announced the newest sanctions Tuesday from the White House, saying that a ban …
Read More »National Average Price Of Gas Hits $4 For First Time Since 2008
The national average price of gas in the U.S. broke the all-time record Monday, at $4.104 per gallon. The average price rose 49.1 cents per gallon from a week ago, according to GasBuddy. The previous record of $4.103 per gallon was set in 2008. This is the 10th week in …
Read More »US Investigators Recover Millions In Ransom Paid To Pipeline Hackers
The Department of Justice has recovered about $2.3 million in Bitcoin that was paid as ransom to hackers of Colonial Pipeline. The ransomware attack shut down the East Coast pipeline last month. East Coast pipeline paid a $4.4 million ransom to Darkside, a Russian-based cybercriminal group, to regain access to …
Read More »Biden Suspends Oil And Gas Drilling Leases In Arctic National Wildlife Refuge
President Joe Biden’s administration is suspending oil and gas drilling in Alaska’s Arctic National Wildlife Refuge. Former President Donald Trump activated the lease before leaving office. All activities were suspended in the Alaskan region on Tuesday by Secretary Deb Haaland until a comprehensive analysis about the impact of drilling is …
Read More »Colonial Pipeline Restarts Service After Cyber-Attack
The Colonial Pipeline initiated the restart of operations Wednesday evening. Following the restart, it will take several days for the product delivery supply chain to return to normal, Colonial Pipeline said. That means some markets served by Colonial Pipeline may experience, or continue to experience, intermittent service interruptions during the …
Read More »Cyber Attack Shuts Down Top U.S. Pipeline; Gas Prices Set To Rise
Top US fuel pipeline operator Colonial Pipeline has shut its entire network, the source of nearly half of the US East Coast’s fuel supply, after a cyber attack that industry sources said was caused by ransomware. The company transports 2.5 million barrels per day of petrol, diesel, jet fuel and …
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