Even now, with prices soaring, energy companies are being cautious about ramping up their oil output. They’re slowly putting new rigs to work drilling more wells, which helps. But they’re also limiting how much they invest in new production so that they can reward their investors with bigg...
Extreme cold in the Northeast has slowed production at three refineries that account for more than two-thirds of East Coast oil output. Analysts say prices will jump another 15 to 20 cents in the next few weeks, peaking in late March. But gas prices are still about a dollar cheaper nationw...
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 ...
In all, this is still better than what we were paying a year ago. Last year at this time, residents were paying an average of $4.56 a gallon for regular gas. Why are prices going up? National gas prices rose by 8 cents on average this week alone. Patrick De Haan, who is head of...
High Gas Prices Might Be Good For New York Gas prices continue to rise to unprecedented levels across the country, and while most people are right to think that is a very bad thing, there could be some good news when it comes to higher gas prices. ...
Some think that printed books are not necessary in the digital era, because all writing can be stored electronically. Others think printed books still play an important role. Discuss both views and give your opinion. Give reasons for your answer and include any relevant examples from your own ...
Gas May Be Free but Your Bills Will Carry on Rising This Winter ; Wholesale Gas Prices Have Been Falling for Months. So Why Are Bills Still Going Up, Asks David ProsserSupporters of privatisa-tion believe that once markets are opened up to competition, prices should fall as rivals fight ...
Gas May Be Free but Your Bills Will Carry on Rising This Winter ; Wholesale Gas Prices Have Been Falling for Months. So Why Are Bills Still Going Up, Asks ... Gas May Be Free but Your Bills Will Carry on Rising This Winter ; Wholesale Gas Prices Have Been Falling for Months. So ...
(EIA). So, a major reason gas prices are so high is that oil prices are still higher, on average, than they were before the pandemic and Russia’s invasion of Ukraine. That’s based on the price of West Texas Intermediate crude, which is used as the benchmark for oil prices in ...
Most economists would say no, though her plan could have an impact on future crises. For one thing, it's unclear how much price gouging is going on right now. Grocery prices are still painfully high compared to four years ago, but they increased just 1.1...