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The USA has called for Ukraine not to attack Russian refineries despite Russia's widespread offensive against several energy facilities in Ukraine. The Department of Defense has warned that such an attack could bring another spike in fuel prices worldwide. Michaelo Podoliak, advisor to Ukrainian president Volodymyr Zelenskyy, claimed that such facilities were legitimate military targets. In a recent interview, he also claimed that such an attack was not only legitimate but desirable on a worldwide level in order to weaken Russia's hold on the energy lobby. “Ukraine must destroy Russia's refineries. They have no impact on worldwide pricing, and are...

Reporting from Western New York: gas price at my local gas station jumped $0.13 in the last 24 hours. I've never seen a hike that fast. Is anyone else seeing the same thing? I already see gold prices shooting up. Is this gas price? Starting to catch up to it now?

...Deputy Attorney General Lisa Monaco said investigators had seized 63.7 Bitcoins, now valued at about $2.3 million, paid by Colonial (COLPI.UL) after last month's hack of its systems that led to massive shortages at U.S. East Coast gas stations....An affidavit filed on Monday said the FBI was in possession of a private key to unlock the hackers' Bitcoin wallet. It was unclear how the FBI gained access to this key...."Today, we've turned the tables on DarkSide," said Monaco, referring to a ransomware group widely believed to have been behind the crippling fuel pipeline attack.

Sheetz has lowered gas prices chain wide to $1.99 for this week in all 5 East coast states. Sheets operates more than 500 stores around the country.

Ten people, including two teenagers and a young child, were killed in Friday’s explosion at a gas filling station in the northwest of Ireland, local authorities said. Irish police said that among the 10 dead in the blast in Donegal ere four men, three women, a teenage boy, a teenage girl, and another younger girl. Police said earlier that eight people had been injured. The explosion happened shortly after 3 p.m. local time on Friday in County Donegal at the Applegreen petrol station on the outskirts of the village of Creeslough. Police said they believed it was a “tragic accident,”...

When Russia seized Crimea in March, it acquired not just the Crimean landmass but also a maritime zone more than three times its size with the rights to underwater resources potentially worth trillions of dollars. Russia portrayed the takeover as reclamation of its rightful territory, drawing no attention to the oil and gas rush that had recently been heating up in the Black Sea. But the move also extended Russia’s maritime boundaries, quietly giving Russia dominion over vast oil and gas reserves while dealing a crippling blow to Ukraine’s hopes for energy independence. Russia did so under an international accord...

A man who was trying to steal gas from a parked up box truck accidentally set himself ablaze in the process as fuel prices continue to soar. The shocking incident was all caught on surveillance camera footage as the man could be seen attempting to siphon fuel from the tank of a vehicle next to which he had parked his own white pickup in Salt Lake City. Authorities believe the man was using a drill in order to access the gas tank during which a spark ignited the flammable liquid. Static electricity, or sparks caused by the friction from the...

The fuel tax reduction has been in effect since midnight — and it has led to significantly lower prices at many petrol stations across Germany. Press agency DPA evaluated the prices at 400 petrol stations in Munich, Berlin and Hamburg between 6 am and 7 am on Wednesday, with the help of data from Germany’s biggest car club, the ADAC. Although not all petrol stations lowered their prices significantly, the vast majority showed a clear difference just a few hours after the tax cut, DPA said. […] … DPA’s flash analysis of prices found that a liter of Super E10...

A top Republican said on Friday that President Joe Biden is raising gas prices on purpose. Sen. Lindsey Graham (R-S.C.) made the remarks when he was asked on Fox Business’s “Wall Street with Maria Bartiromo” to respond to Biden’s recent comments where he said raising gas prices is part of “an incredible transition.” “I think that’s the main takeaway from his statement, that he is telling the American people they’re doing this to you on purpose, that the transition period is being imposed by policies coming from the Biden administration,” he said. “This is a conscious effort by the Biden...

UK - Panicked motorists have caused lengthy queues at petrol stations for a second day - as an industry expert predicted the "catastrophic situation" is going to get worse before it improves. Long lines of cars continued to form at forecourts across the country on Saturday after a shortage of HGV drivers forced some fuel retailers to shut their pumps and ration sales. The petrol problems come after retailers warned a solution to the lack of truckers must be found within days to avoid "significant disruption" in the run-up to Christmas. Sky News understands that Boris Johnson has allowed minsters...

Supermarket supply chains are "starting to fail" because the "pingdemic" is sending thousands of workers into self-isolation, food industry leaders warned on Wednesday night. Shop shelves in some areas were empty of basic supplies, while petrol stations ran out of fuel as the NHS Test and Trace app threatened to bring parts of the economy to a standstill. MPs and industry leaders urged the Government to ease the growing crisis by including supermarket staff, lorry drivers and other frontline workers on a list of those exempted from automatic self-isolation when 'pinged' by the app as a contact of someone with...

BEIJING - Chinese state-controlled oil company CNOOC Ltd. said Monday it is paying $2.3 billion for a 45 percent stake in a Nigerian oil field in its first major investment since its failed bid to take over Unocal Corp. last year. The deal adds to a multibillion-dollar string of foreign acquisitions by Chinese oil companies, which are aggressively pursuing energy supplies to fuel China's booming economy. The agreement, which requires approval from the Nigerian and Chinese governments, covers a deep-water area of the oil-rich Niger Delta region, CNOOC said. It said the area includes the Akpo oil field discovered in...

President Trump posted a pre-Thanksgiving tweet to trigger the snowflakes before the holiday. ....... President Trump: You just can’t win with the Fake News Media. A big story today is that because I have pushed so hard and gotten Gasoline Prices so low, more people are driving and I have caused traffic jams throughout our Great Nation. Sorry everyone!

Drivers are enjoying the cheapest Fourth of July gasoline in more than a decade. Enjoy it while it lasts: Experts say prices will start inching higher soon. The average price nationwide for a gallon of regular is $2.23, down 15 cents from a month ago, according to AAA. And really cheap gas is even more common than suggested by that average: About 25% of gas stations nationwide are selling gas for $2 a gallon or less.

An oil strike has forced around a fourth of the country’s stations to close because of lack of gasoline. ___ Some 3,000 gasoline stations in France—around a fourth of the country’s stations—have had to close because an oil strike has shut off their fuel supply, Telesur reports. For the first time in more than five years, France is dipping into its strategic oil reserves, while unions block refineries. Those stations lucky enough to have fuel are under government orders to restrict the sale of diesel or gasoline to around $30 per customer. Unions are picketing French refineries in protest against...

CARACAS, Venezuela — Gasoline is so dirt-cheap in this country that the comparison undervalues dirt. Or, for that matter, almost any other element Venezuelan drivers can think of. “It’s cheaper than water,” said one motorist, pointing out that bottled water costs far more than the 95-octane gasoline gushing into his Ford Explorer. “Cheaper than air,” said the driver of a Chevy Tahoe, after paying more to fill a tire than the tank. “The cheapest in the world,” a third SUV owner boasted. “We could wash our hands with it.” And why not? Venezuela sits atop the world’s largest oil reserves,...

I know that this is difficult to believe, but petrol prices are probably going to decrease. This is the likely prediction that can be derived from a June 2012 study by one of the world's top experts on oil, gas, and energy, Leonardo Maugeri, entitled "Oil: The Next Revolution: The Unprecedented Upsurge of Oil Production Capacity and What It Means for the World" and published by the prestigious Harvard University Belfer Center for Science and International Affairs in America.The paper says that we expect a global growth in oil production "from 93 million barrels per day today to 110 million...

British Engineers Produce Amazing 'Petrol From Air' Technology Revolutionary new technology that produces “petrol from air” is being produced by a British firm, it emerged tonight. Andrew Hough 18 Oct 2012 A small company in the north of England has developed the “air capture” technology to create synthetic petrol using only air and electricity. Experts tonight hailed the astonishing breakthrough as a potential “game-changer” in the battle against climate change and a saviour for the world’s energy crisis. The technology, presented to a London engineering conference this week, removes carbon dioxide from the atmosphere. The “petrol from air” technology involves...

AVALON, CATALINA ISLAND (CBS) — Catalina Island is known for many things… its picturesque scenery, seafood and hiking, to name a few. But what about high gas prices? For the past two weeks, gas prices on Catalina Island have been an average of $7 a gallon. Stacy Dizon, who works at the Santa Catalina Island Co.-owned gas station on Pebbly Road, tells CBSLA that a gallon of regular unleaded on Saturday is $7.03. (credit: Ivan Hernandez/Avalon Marine Dock) The gas station is one of two service stations catering to the island and nearby, Avalon.

The federal government announced Monday it has taken a step toward wide distribution of gasoline mixed with 15 percent ethanol by allowing manufacturers to register as suppliers. While the EPA is moving the process forward by allowing the registration, E15 still must clear another set of federal tests and become a registered fuel in individual states. Ethanol makers then must convince petroleum marketers to sell it at gas stations. Most ethanol fuel sold for passenger cars and pickups today is 10 percent ethanol and 90 percent gas. The new blend that boosts ethanol to 15 percent would only be sold...