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...
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"...
Ohio StateCincinnati CityBeat
We're not fans of Jim Jordan. You may have noticed. And when someone expertly puts the smackdown on the Republican Congressman from Ohio, we'll happily watch with a bucketful of popcorn. The latest episode happened Monday, when Jordan attempted to pin high gas prices on U.S. President Joe Biden. He...
POTUSPosted byThe Independent
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...
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.
POTUSPosted byMarkets Insider
Psaki says stepping up IRS enforcement would 'raise a great deal more' to pay for infrastructure than a gas tax increase
The White House also ripped into GOP Rep. Jim Jordan for
Energy IndustryPosted byReuters
TOKYO, June 22 (Reuters) - Crude oil prices settled slightly lower on Tuesday after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production. Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high...
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
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 byPBS NewsHour
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.
LONDON, June 22 (Reuters) - 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...
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,...
Oil futures trade on a mixed note Tuesday, after global benchmark Brent crude climbs above $75 a barrel for the first time since April 2019.
Closing prices for crude oil, gold and other commodities, and foreign exchange levels
Europe's oil and gas sector climbed on Tuesday as Brent crude-oil futures reached $75 a barrel, a milestone demonstrating the recovery in demand as economies reopen.
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 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.
TrafficPosted byMarkets Insider
Oil could jump above $100 for the first time since 2014 next year as demand soars, Bank of America says
Brent crude hasn't hit $100 since 2014. On Tuesday it jumped above $75 a barrel for the first time in two years.