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Keyword: gasprices

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  • Biden's disastrous oil and gas plan could not come at a worse time

    10/25/2023 6:52:46 AM PDT · by george76 · 28 replies
    Fox News ^ | October 25, 2023 | William Perry Pendley
    Biden seeks to all but end an oil and gas leasing program.. ... during his first 19 months in office, Joe Biden leased fewer federal lands for oil and gas development than only one since the end of World War II. ... Last month, in a throwback to the days of Harry Truman, Biden released his statutorily required five-year OCS leasing plan, which all but ends the OCS oil and gas program. Following President Trump’s planned eleven OCS lease sales, Biden proposed only three, one each in 2025, 2027, and 2029. Biden wanted even fewer sales; .. blaming the courts...
  • U.S. oil production hits record as Israel-Hamas conflict stokes global supply fears

    10/22/2023 2:58:52 PM PDT · by Round Earther · 84 replies
    Morning Star ^ | 10/18/23 | Myra P. Saefong
    As the global oil market focuses its attention on the oil-supply risks tied to the war between Israel and Hamas, U.S. production has climbed to its highest level on record and it's expected to continue its rise next year. That's a "testament to the ingenuity of the U.S. oil-and-gas industry," said Phil Flynn, senior market analyst at The Price Futures Group. The industry has faced a "harsher regulatory environment" under the Biden administration, which has plans for three oil and gas lease sales over the next five years. That would be the smallest number of lease sales offered in U.S....
  • Fed Pauses Rate Hikes… For Now – But 8%+ Mortgage Rates Are Here to Stay

    09/21/2023 7:11:38 AM PDT · by george76 · 14 replies
    Gateway Pundit ^ | Sep. 20, 2023 | Cristina Laila
    Bidenomics = High mortgage rates, high inflation rates, collapsed banks, expensive groceries, record high rent, and dwindling retirement accounts. The Federal Reserve on Wednesday paused rate hikes. The Fed kept the benchmark rate in the range of 5.25% to 5.50%. For now. “We’re prepared to raise rates further, if appropriate, and we intend to hold policy at a restrictive level until we’re confident that inflation is moving down sustainably toward our objective,” Chairman Jerome Powell told reporters on Wednesday. ... Despite what Jerome Powell said, inflation is not cooling. The Biden Regime relies on lies and voodoo math when it...
  • US Gas Prices Soar Near $4.00 with Depleting Strategic Petroleum Reserves

    09/20/2023 4:16:29 AM PDT · by davikkm · 11 replies
    The rising gas prices are causing a familiar concern for Americans as they approach the $4.00 mark once again, reminiscent of the situation in August 2022. However, a key difference is that back in August 2022, the US Strategic Petroleum Reserves (SPR) had 100 million more barrels of oil in its arsenal, providing a cushion against price spikes. Similarly, in March 2022, gas prices had breached the $4.00 threshold, but back then, the SPR boasted an even more substantial 220 million additional barrels of oil, offering a sense of stability. Fast forward to the present, and we’re grappling with a...
  • Inflation: Could higher gas prices be good?

    09/17/2023 11:06:07 PM PDT · by RomanSoldier19 · 52 replies ^ | September 14, 2023 | 11 Akiko Fujita and Mariela Rosales
    Could higher gas prices actually be a beneficial factor in the Federal Reserve's fight against inflation? Yahoo Finance Reporter Josh Schafer breaks down the impact gas prices could have on headline and core CPI (Consumer Price Index) data over the next several months and what it means for the economy.
  • Tone-Deaf NYT Concerned Spiking Gas Prices Help Republicans Criticize Biden

    09/13/2023 10:01:40 AM PDT · by JV3MRC · 8 replies
    NewsBusters ^ | 9/13/2023 | Joseph Vazquez
    The tone-deaf hacks at The New York Times treated an expected spike in inflation as a problem because … Republicans could potentially pounce on the development to criticize President Joe Biden. Yes, the leftist rag actually did that. The Bureau of Labor Statistics (BLS) released a report Sept. 13 at 8:30 a.m. showing that inflation came in hotter than expected in August with a 3.7 percent spike year-over-year. A glaring statistic showed that gas prices spiked a whopping 10.6 percent in August, significantly contributing to the overall inflation rate. Times White House Correspondent Jim Tankersley attempted to get in front...
  • U.S. Drivers Warned Gasoline Could Spike $1 Per Gallon

    09/07/2023 9:12:04 AM PDT · by thegagline · 51 replies ^ | 09/07/2023 | Julianne Geiger
    U.S. gasoline prices are headed higher in the nation’s corn belt, and could rise by as much as $1 per gallon at some gas stations, the head of petroleum analysis at GasBuddy warned on Thursday. GasBuddy’s Patric DeHaan implored the EPA to issue fuel waivers ASAP, as the wholesale price of gasoline spikes in Oklahoma, Missouri, South Dakota, North Dakota, Nebraska, Montana, and Kansas. “ALERT: #GasPrices will likely rise 25-75c/gal in OK, MO, SD, ND, NE, MN and KS over the next few days. Some stations may go up closer to $1/gal as the wholesale price of gasoline is spiking...
  • PERSPECTIVE: Biden’s energy policy — American Indians’ loss

    07/24/2023 10:53:13 AM PDT · by george76 · 7 replies
    The Colorado Springs Gazettec ^ | Jul 23, 2023 | William Perry Pendley
    The Biden administration’s war on the ability of American Indians and tribal nations to develop their energy resources is finally receiving the probing attention it deserves, resulting in an aggressive pushback from American Indians and tribal leaders. The tipping point came last month when Biden’s Department of the Interior announced a 20-year moratorium on new oil and gas leases on 350,000 acres of federal land within 10 miles of Chaco Culture National Historic Park in northwestern New Mexico. Navajo Nation, which earlier withdrew its support for a 5-mile park buffer due to the economic cost to tribal members, had lobbied...
  • Biden Drains Strategic Petroleum Reserve For 14th Straight Week (SPR Down -46% Under Bidenomics, Reg Gas Price UP 48%, Diesel Fuel UP 47%) Hunter In The West Wing With A Straw!

    07/06/2023 10:22:27 AM PDT · by Kaiser8408a · 20 replies
    Confounded Interest ^ | 07/06/2023 | Anthony B. Sanders
    What is Bidenomics? It isn’t what Press Secretary Karine Jean Pierre thinks. She said Biden hates “trick down economics”. Instead, Biden prefers a Soviet-style command economy where The Federal Government spends trillions of dollars and directs where the money goes. We also have the Socialist Federal Reserve that relies on rate manipulation to achieve policy results. A good example of Biden’s Soviet-style “Bidenomics” is his use of the Strategic Petroleum Reserve (SPR). Biden has now drained almost 50% of the SPR from when he was sworn in as President. And has drained the SPR for 14 straigth weeks to manipulate...
  • Environmental policy contributing to historic gas price spike in Washington state: 'Hit my pockets hard'

    07/01/2023 5:03:28 AM PDT · by bert · 38 replies
    Fox Business ^ | 7/1/2023 | Jake Karalexis , Bella Durgin-Johnson
    The average gallon of regular gas costs $4.98 in Washington state as of June 30, more than $1.00 higher than the national average For the first time ever, Washington is the most expensive state in the country to buy gas and a new policy aimed at protecting the environment is a big reason why. n January, Washington began a program aimed at limiting carbon emissions that requires fuel suppliers to either cut their greenhouse gasses or pay a price, but some fuel suppliers are passing along their increased costs to customers. The average gallon of regular gas currently costs $4.98...
  • Gas Prices, Yakima, Washington

    06/29/2023 12:14:36 PM PDT · by Parmy · 33 replies
    6/29/2023 | Parmy
    I live in Yakima, Washington. I just want to thank Jay Inslee, the Democrats and Rinos in the Legislature and all those liberals who voted for these imbeciles for passing Cap and Trade.In the last month or so, gas prices, here, have increased a dollar a gallon.I would greatly appreciate it if they all would shout from the rooftops how great their votes and policies are benefiting all of us. Thank you for your caring. (Sarcasm)
  • Fire at Louisiana oil tank farm prompts shelter-in-place and evacuations

    06/03/2023 5:39:12 PM PDT · by CFW · 12 replies
    NBC news ^ | 6/3/23 | Dennis Romero
    Evacuations and shelter-in-place orders were in effect for residents and businesses around an oil industry tank farm in Louisiana after part of it erupted in flames Saturday, producing a plume near the Lake Charles area. It wasn't clear what sparked the blaze at Calcasieu Refining Co. No injuries have been reported. The refinery did not answer phone calls seeking comment. Mandatory evacuations were in effect for those as far as a 1.5 miles from the tank farm; outer boundaries of a shelter-in-place order have been reduced from 5 miles to 3 miles, according to the Lake Charles Fire Department. In...
  • RUST BELT POLL: Battleground poll of Rust Belt states shows Trump 47, Biden 38, but Biden 38, DeSantis 34: Richard Baris' Big Data Poll

    05/22/2023 1:41:02 PM PDT · by conservative98 · 38 replies
    PM ^ | May 20, 2023
    A new poll out from Richard Baris shows that Trump is undoubtedly in the lead in the 2024 presidential race in the Rust Belt states. Trump leads the GOP primary field with 67.5 percent, and DeSantis comes in a distant second at 17.1 percent. Trump also leads President Biden in the poll, showing that likely voters prefer Trump to Biden 46.9 to 38.1 percent. Among those likely voters who were polled, 7.5 percent say they would opt for a third party candidate, and 7.4 percent are not yet decided. If DeSantis were to be the nominee, according to likely voters,...
  • Biden Economic Pick Said Gas Prices Were Too Damn…Low??

    05/11/2023 7:05:41 AM PDT · by SeekAndFind · 12 replies
    PJ Media ^ | 05/11/2023 | Robert Spencer
    When it comes to gas prices, there has been plenty to complain about since Old Joe Biden began his president act. There have also been numerous indications that aside from the alleged president’s fact-free boasting, the Biden regime actually likes high gas prices, as they help them push their green agenda. Another sign of the regime’s actual view of rising gas prices came when Old Joe tabbed Jared Bernstein to be chairman of the Council of Economic Advisers. Like you and me, Bernstein has complained about gas prices. But unlike us, Bernstein thinks they’re too low.The Washington Free Beacon reported...
  • ExxonMobil unleashing 'much needed' affordable energy with industry’s biggest refinery expansion in 10 years

    04/24/2023 4:55:34 AM PDT · by CFW · 40 replies
    Fox Business ^ | 4/24/23 | Kristin Altus
    Near the Gulf Coast just east of Texas’ oil-rich Permian Basin, nearly 2,000 ExxonMobil contractors are making sure the company’s latest project – which includes 26 miles of piping, 35 miles of electrical wiring and 875 tons of steel – is pumping oil at full capacity. senior vice president of global operations detailed how the company’s Beaumont complex is not only fueling U.S. energy supply but also the economy. "When you put it all together and you look at this particular location, what I love about it, it allows us to buy what I consider to be very much needed,...
  • Chilled By Biden, Saudi Arabia Leads OPEC To Cut Oil Production. Gas Prices Could Soar.

    04/03/2023 9:49:44 AM PDT · by Red Badger · 31 replies
    Daily Caller ^ | Apr 3, 2023 | By Hank Berrien
    Saudi Arabia, whose relationship with the United States has taken a nosedive during President Joe Biden’s tenure, announced on Sunday it would lead the members of the Organization of the Petroleum Exporting Countries (OPEC), including Russia, to cut over one million barrels of output a day starting next month, which could cause higher U.S. inflation. Saudi Arabia also stated it would cut production by another 500,000 barrels a day starting in May. Oil prices soared 7.5% at the week’s open after the Saudi announcement. Kevin Book, managing director of Clearview Energy Partners, told CBS News the cuts could cause U.S....
  • WH Gets More Shameless With New Claim About Gas Prices

    01/24/2023 2:53:32 PM PST · by Sam77 · 7 replies
    RedState ^ | 01-24-2023 | Nick Arama
    The White House is pretty shameless when it comes to giving us an honest answer about virtually anything they’re being asked these days. They’re definitely up a creek without a paddle when it comes to the classified document scandal.
  • Biden’s Energy Secretary Blames ‘International And Climate Events’ For Rising Gas Prices

    01/24/2023 2:23:49 AM PST · by conservative98 · 27 replies
    Daily Caller ^ | January 23, 2023 7:28 PM ET | HAROLD HUTCHISON
    Secretary of Energy Jennifer Granholm claimed Monday that “international and climate events” were to blame for price increases at the pump. “It’s obviously based upon international and climate events, so, for example, Winter Storm Elliot pulled two million barrels off the U.S. market,” Granholm said during a White House press briefing. “That crimp in supply causes prices to go up.” The average price of a gallon of gas is $3.423, up from $3.096 a month ago, according to AAA. Biden has taken credit for lower gas prices in the past, even though a gallon of gas cost an average of...
  • The Biden Administration Finally Admits Its Mistake In Canceling The Keystone XL Pipeline

    01/20/2023 6:44:33 PM PST · by SeekAndFind · 56 replies
    RealClearWire ^ | 01/20/2023 | Tom Harris
    At long last, the Biden administration is admitting what experts have always known: reckless energy policies have disastrous consequences. This time, the Department of Energy quietly released a report highlighting the positive economic benefits of developing the Keystone XL pipeline from Canada, an energy project canceled by President Biden in the hours following his inauguration. But the DOE’s report is a proverbial day late and a dollar short. The cancelation of the Keystone XL pipeline has already cost the United States thousands of jobs and billions in economic growth while families suffer under the weight of record high energy prices....
  • What's Joe Biden Going to Do Now? Gas Prices Projected to Go up Again

    01/02/2023 7:17:12 PM PST · by SeekAndFind · 43 replies
    Red State ^ | 01/02/2023 | Nick Arama
    When gas prices were skyrocketing and hitting their highest numbers this past summer, Joe Biden tried to blame the rise on “Putin’s price hike,” claiming it was due to Vladimir Putin having Russia invade Ukraine. Now, that was just an outright lie since gas prices had been going up since Biden took office, long before the invasion of Ukraine. But that didn’t stop Joe Biden, it wasn’t his fault. It didn’t occur to him that blaming Putin made him look even weaker, as though Putin could dictate American prices and Biden was completely at his mercy. But then when prices...