The cost of oil typically represents more than half of the cost of a gallon of gasoline, according to data from the U.S. Energy Information Administration (EIA). So, a major reason gas prices are so high is that oil prices are still higher, on average, than they were before the pandem...
So, why are California gas prices increasing disproportionately? Patrick De Haan, the head of Petroleum Analysis at Gas Buddy, attributes the rising gasoline prices in the Golden State to high gas taxes and limited supply from oil refineries, among other reasons. “When one little thing goes w...
President Joe Biden has called for an investigation into persistently high gasoline prices. With the average price of gas around the U.S having climbed to $3.17 a gallon, Mr. Biden suggested that pandemic "profiteers" might be to blame. "There's lots of evidence that gas prices should be ...
Michael Klare: Why High Gas Prices are Here to StayTom Engelhardt
Oil and gas drilling hasincreasedunder Biden, but companies in the U.S. are constrained by tight supplies of rigs, trucks and labor that they need to supply more oil. "That degree of finger-pointing is unwarranted," De Haan said of blaming Mr. Biden's policies for high gas prices. ...
Still, for now, Americans seem willing to accept high gas prices as the price of punishing Russia without engaging in active hostilities. Advertisement - Continue Reading Below Sadly, these painful sanctions are not hurting the Russians much. Oil is specifically exempt from the banking restrictions ...
Art classes, such as painting or drawing, are as important for children's development as other subjects, so it should be compulsory in high school. To what extent do you agree or disagree with this opinion? Give reasons for your answer and include any relevant examples from your own knowledg...
Why are gas prices rising so much? And when will gas prices go back down again? PODCAST: High Gas Prices with The Kiplinger Letter’s Jim Patterson Let’s explore some of the drivers behind higher gas prices, then delve into whether there’s any relief in store for consumers at the pump...
With the average price of regular gasoline now hovering near $3.80 a gallon nationally, prices at the pump are nearly a dollar higher than a year ago. For the average American who drives about about 15,000 miles a year and uses roughly 750 gallons of gas
There have been reports in some parts of California of prices as high as $10 per gallon, and there are fears that most of us may be paying those kinds of prices at some point. So the question is...why? You hear different answers from different people. Many Democrats say big oil compa...