Free Republic

Did you know that the European Union has sent more money to Russia in payment for petroleum products than they have provided aid to Ukraine. You read that right: the EU is funding both sides of the war. ... EU imports of Russian fossil fuels in the third year of the invasion surpassed the EUR 18.7 bn of financial aid they sent to Ukraine in 2024 ... All the virtue signaling from European leaders about standing with Ukraine is completely belied by this. They all continue to trade with Russia and import oil, gas, and coal. If they were really...

Russia has approved a temporary ban on the export of gasoline, a representative for the country's Deputy Prime Minister Alexander Novak told local media on Tuesday. Beginning May 1, Russia will impose a six-month ban on gasoline exports to allow the country to "offset the booming demand for petroleum products," the official told Russian Prime Minister Mikhail Mishustin in an internal letter in January, publication RBC reported. Fuel shortages have been reported nationwide in Russia, which is one of the world's biggest producers of oil and gas. Wholesale fuel prices have soared across the country, and Ukraine has ramped up...

From a 2006 peak of $3.04 on August 7, 2006, EIA's weekly U.S. average retail price for regular gasoline has fallen by 54 cents per gallon in just 6 weeks, including a 12-cent decline in the past week. This is already the second-largest uninterrupted decline in the history of the survey (dating back to August 1990), trailing only last year's 9-week, 78-cent drop after Hurricane Rita. Some analysts have predicted that average U.S. prices will drop near $2 per gallon or lower, and prices under $2 have already been reported in a few locations. Not surprisingly, one of the most...