Gas Price

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The Hill

White House slaps down Jim Jordan attack on gas prices

The White House is shooting down an attack from Rep. Jim Jordan (R-Ohio), who linked higher gas prices one year after the coronavirus pandemic locked down the economy to President Biden . "Average gas price: June 2020: $2.21 June 2021: $3.07," Jordan tweeted on Monday. "President Biden’s economy!" White House...
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POTUSMSNBC

Why Republican talking points on gas prices are so embarrassing

One of the first signs of trouble came in April, when Donald Trump held a virtual town-hall event with a Republican congressional candidate and devoted a fair amount of time focusing on gas prices. As far as the former president was concerned, he and his team "had 'em below $2"...
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The Independent

White House aides clap back at GOP Rep Jim Jordan’s gas prices jab

The White House has hit back at Republican congressman Jim Jordan after he attacked the Biden administration on the price of gas.The Ohio lawmaker took to Twitter to try and compare the higher price of fuel in June 2021 to the lower cost during the final year of the Trump administration.“Average gas price: June 2020: $2.21 June 2021: $3.07,” Mr Jordan tweeted on Monday. “President Biden’s economy!”The congressman’s social media activity caught the eye of White House press secretary Jen Psaki who shot back at Mr Jordan.“You forgot to mention that gas prices are the same now as they were...
Trafficmarketpulse.com

Oil remains unstoppable

Oil prices rallied powerfully once again overnight, as the election of a new hard-line president in Iran reduced the possibility of a nuclear agreement and Iranian sanctions would ease. A falling US dollar aided oil, and with fears of a flood of Iranian oil hitting global markets fading, Brent crude rose 2.20% toUSD74.80 a barrel, and WTI leapt 2.25% to USD73.05 a barrel.
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Energy IndustryCNBC

Oil rises on optimism of quick recovery in global demand

Brent crude futures for August climbed 26 cents, or 0.4%, to $75.16 a barrel by 0400 GMT, paring earlier losses. It rose as high as $75.23 a barrel, the strongest since April 25, 2019, earlier in the session. U.S. West Texas Intermediate (WTI) crude for July was at $73.70 a...
TrafficNew York Post

Oil may hit $100 a barrel amid volatility, say energy CEOs

Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday. “There is quite a chance to reach $100, but we could see again in the coming years some lows...
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POTUSPosted by
PBS NewsHour

The gas tax’s tortured history shows how hard it is to fund new infrastructure

As the Biden administration and Republicans negotiate a possible infrastructure spending package, how to pay for it has been a key sticking point. President Joe Biden and Democrats in Congress want to raise taxes on the rich, while some Republicans have been pushing for an increase in the gas tax – which would be the first in 28 years. A bipartisan group of senators recently crafted a compromise bill that would pay for just under US$1 trillion in spending on rail, roads and bridges over five years in part by indexing the gas tax to inflation. Democrats call this regressive because it would raise taxes on working Americans.
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Reuters

Physical oil market gains suggest more support for futures rally

LONDON/SINGAPORE/NEW YORK (Reuters) - Crude oil values in many parts of the world are rising on stronger demand and tighter supply, suggesting physical markets are catching up with a futures rally and providing more fundamental support for prices, traders and analysts say. Brent futures have rallied over 40% in 2021,...
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Why oil stocks still look like a good bet

Yesterday, Brent crude oil hit the $75 a barrel mark for the first time in more than two years. It’s a far cry from the depths plunged just over a year ago. Brent never turned negative (unlike the US benchmark) but in April last year, you could’ve had yourself a barrel for less than $16 (we’ll ignore the question of where you could’ve stored such a highly toxic gift).
Louisiana Statebizmagsb.com

Louisiana gas prices fall, 34 cents cheaper than national average

Louisiana gas prices have fallen 1.7 cents per gallon in the past week, averaging $2.71/g Monday, according to GasBuddy’s daily survey of 2,436 stations in Louisiana. Gas prices in Louisiana are unchanged versus a month ago and stand 93.5 cents per gallon higher than a year ago. The cheapest station in Louisiana is priced at $2.39/g Monday while the most expensive is $3.09/g, a difference of 70.0 cents per gallon.