Californians could be set to receive a tax rebate in an effort to combat the soaring cost of fuel in the state, Gov. Gavin Newsom has said. Speaking at his annual State of the State address on March 8, the governor said he is working with lawmakers to give money back to taxpayers to offset…
Newsom ‘Looking at Proposals’ to Put Money Back in Californians’ Pockets Amid Soaring Fuel Prices
March 9, 2022
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Brazil Government Appoints Rodolfo Landim to Chair Petrobras Board
HOUSTON—Brazil’s government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer’s board, the company said in a filing on Saturday night. Earlier in the day, Admiral Eduardo Bacellar Leal Ferreira told Reuters he planned to step down as chairman of Petroleo Brasileiro SA, as the Rio de Janeiro firm is formally…
UK Inflation Hits Highest Level for Over a Decade
The cost of living in the UK rose by 5.1 percent in the 12 months to November, the highest in more than a decade, latest statistics show. According to data released on Wednesday by the Office for National Statistics (ONS), the Consumer Prices Index (CPI) rose by 5.1 percent in the 12 months to November…
Urea Shortage is Putting Pressure on Global Food Prices
Urea, a key ingredient in agricultural fertilizer and diesel fuel, is skyrocketing in price due to disruptions in the global supply of this essential chemical. The dramatic rise in the cost of urea exports, which have in turn led to increased food and fuel prices, is exposing the vulnerabilities of an interconnected supply chain. The…
Record UK Fuel Prices Continue to Rise
British drivers continue to be hit by rising fuel prices weeks after record highs set in April 2012 were broken. The RAC, a British automotive services company, said the average price of a litre of petrol at UK forecourts on Thursday was 146.14p ($1.96), while diesel was 149.66p. Petrol prices exceeded the long-standing record of 142.48p…
Gas Inflation Kicks Drivers in the Pocket Book
Gas prices are the highest they have been in seven years, and they are going to keep on climbing through winter. Across the entire United States, the current average price for a gallon of gas is $3.37. The last time it averaged $3.37 a gallon was Sept. 17, 2014, according to records kept by AAA….
Gas Inflation Kicks Drivers in the Pocketbook
Gas prices are the highest they’ve been in seven years, and they’re going to keep on climbing through winter. Across the entire United States, the current average price for a gallon of gas is $3.37. The last time it averaged $3.37 per gallon was Sept. 17, 2014, according to records kept by AAA Travel agency….
British Drivers Warned Fuel Prices Could Reach Record Levels
Drivers are being warned that fuel prices could reach record levels even if the current crisis ends. The RAC said average prices may hit 143p per litre ($7.30 per gallon) for petrol and 145p per litre ($7.40 per gallon) for diesel in the next few weeks. That is up from the current level of 135p…
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