The price of fuel across the United States surged faster than crude oil prices in the last month, leaving Americans still paying more at the pump. The skyrocketing price of fuel comes as the United States has shipped more refined products like gasoline, diesel, and fuel oil, abroad to supply European markets following Russian President Vladimir Putin’s…
Fuel Prices in US Rising Faster Than Crude Amid Increased Exports to Europe
Biden Administration to Suspend Summer E15 Gasoline Sales Ban
April 12, 2022
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biden administrationBusiness & EconomyE15economic policieseconomyEPAExecutive Branchfuelfuel pricesJoe BidenMarketsPoliticsRussia Ukraine invasionUSUS News
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The Biden administration is planning to allow sales of higher-ethanol gasoline blends throughout the summer months as part of measures to address the increasing fuel costs driven by Russia’s invasion of Ukraine. “The president is committed to doing everything he can to address the price increase Americans are facing at the pump,” a senior Biden…
Energy Security Is National Security
March 25, 2022
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affordable energyAntónio GuterresAustraliaAustralia energy marketBusiness & Economyeconomyfuel pricesGreat Barrier ReefinflationOpinionScott MorrisonViewpointsWorld
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Commentary As Ukraine burns and a worldwide inflationary crisis threatens to crush the living standards of working people everywhere, out-of-touch political elites continue to bring the global conversation back to climate change. Even as climate evangelists like Boris Johnson and Elon Musk call for a temporary pause on the rollout of “renewable” energy as fuel…
News Clip: Farmers Deal W/ Rising Costs, Gas Prices
Some farmers are trying to balance higher fuel prices with higher wheat prices. Skyrocketing Gas Prices Are Hitting Everyone Where It Hurts — The Bigger Your Tank, The Harder The Hit. For Farmers Who Have Equipment With Thousand Gallon Tanks, One Fill-Up Is Astronomical. Since Fuel Isn’t The Only Thing Seeing A Price Hike —…
As Congress Dawdles, States Eye Gas Sales Tax Cuts
After voters rejected Motor Fuels Tax (MFT) increases in 2014 and 2018, Missouri lawmakers in 2021 agreed to raise the state’s 17-cents per gallon gas levy—the nation’s second-lowest—by 2.5 cents a year until it reached 29.5-cents a gallon in 2025. The first of those five annual 2.5 cents per gallon tax hikes went into effect…
UK Average Petrol Price Reaches £1.65 per Litre
Drivers continue to be clobbered by record fuel prices as petrol reaches an average of £1.65 ($2.17) per litre. Figures from data firm Experian Catalist show the average cost of a litre of petrol at UK forecourts has increased by 16p in the past month. That has made the cost of filling a typical 55-litre…
EU to Subsidise Household Fuel Prices Surging Amid Ukraine Crisis
BRUSSELS—EU finance ministers agreed on Tuesday to subsidise household fuel prices and offer support to companies hit by surging energy prices as a result of Russia’s invasion of Ukraine, French Finance Minister Bruno le Maire said. “This war in Ukraine is leading to a sharp increase in the price of commodities, particularly gas and food….
Uber, Australia Post Add Fuel Surcharges in Response to Record Petrol Prices
Record-high fuel costs in Australia have forced Uber and Australia Post to impose fuel surcharges for their services, pushing up the cost of living for residents. Uber Australia announced on Friday that based on driver-partner feedback, a temporary fuel surcharge would be rolled out across Australia. “While earnings on our platform remain elevated compared to…
South Australian Premier to Make Real-Time Petrol Pricing Permanent
South Australian (SA) Premier Steven Marshall has promised to help the state’s motorists find the cheapest fuel at any given time by making the already operating real-time fuel pricing scheme permanent. According to Marshall, the scheme, which is at the end of the first year of a two-year trial, has enabled motorists to save hundreds of…
Georgia Gov. Kemp Says He Plans to Temporarily Suspend State Gas Tax
Georgia Gov. Brian Kemp on Wednesday announced that he plans to suspend collections of state motor fuel taxes amid rising pump prices. The Republican governor’s office said in a press release that in the past year, average gas prices in the state have risen more than 50 percent. Georgia’s gasoline price includes a federal tax…
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