Still, Wall Street analysts said that adding more oil to global markets through stepped up production by the U.S., Venezuela, Iran or OPEC is unlikely in the short term to significantly curb prices. "Ultimately, prices may need to rise even higher in order to trigger demand destruction and ...
TimeGrandRapidsUSATrend Today Yesterday One Week Ago One Month Ago One Year Ago3.075 3.074 3.013 3.030 3.2603.135 3.129 3.118 3.128 3.272 Gas Price Map Grand Rapids Grand Rapids Gas Prices provided by GasBuddy.com State Gas Price Trends
The true reason for the new US sanctions is geopolitical, not economic. Even ‘Washington dreamers’ aren’t stupid enough to think EU will buy their gas at such prices and before infrastructure is even built. I spoke about this when Ukraine coup and anti-Russian sanctions began in 2014, an...
Donald Trump is painting a picture of U.S. energy production that’s pretty much the opposite of what’s going on, saying the Biden administration has killed oil production and caused high gasoline prices. Actually, the United States is already producing more oil than...
So how did we get here? Today's stratospheric gas prices have their root in theCOVID-19pandemic, with Russia's war onUkrainepushing prices higher in recent weeks, said Patrick De Haan, GasBuddy's head of petroleum analysis. "The overall aspect is that supply and demand have changed," he...
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Inflation remains the stickiest of problems for the U.S. economy, with the March consumer price index coming in hotter than expected — the third straight month that prices have accelerated. Gasoline prices and rent contributed over half the monthly increase, the governmentsaidon Wednesday. ...
The spike in fuel prices has contributed to several months of stinging inflation, which now ranks as one of the top concerns of the American consumer. Almost one in three people are cutting back on driving, with a majority citing higher gas prices as the reason, according to anew surveyfrom...