President Biden wants a gas tax holiday. Some economists say that’s a bad idea

President Biden wants a gas tax holiday. Some economists say that’s a bad idea

This post was originally published on this siteInflation is the top issue for voters as fall’s midterm elections near. Biden wants Congress to suspend the gas tax until the end of September in a bid to give consumers some relief.

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US gas prices continue to rise to record highs. Expect a ‘cruel summer’ ahead

US gas prices continue to rise to record highs. Expect a ‘cruel summer’ ahead

This post was originally published on this siteMore record pain at the pump is expected. EU’s plan to ban Russian oil means less oil and gas supply, while China’s demand will rise out of lockdown.     

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House passes bill targeting alleged price gouging amid high gas prices

House passes bill targeting alleged price gouging amid high gas prices

This post was originally published on this siteThe House has voted 217-207 to pass a bill that gives the Federal Trade Commission the authority to investigate energy companies for alleged price gouging as prices at gas pumps nationwide hit record highs.

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Gas prices are up again, putting Biden in a fresh bind

Gas prices are up again, putting Biden in a fresh bind

This post was originally published on this sitePresident Biden plans to lash out at Republicans as more bad economic news looms

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Shell profits nearly triple as oil prices surge

Shell profits nearly triple as oil prices surge

This post was originally published on this siteThe oil giant says pulling out of Russian oil and gas activities had cost it $3.9bn (£3.1 billion).

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Biden looks to boost ethanol to lower gas prices

Biden looks to boost ethanol to lower gas prices

This post was originally published on this siteBiden is planning to help boost the production and sale of ethanol-blended gasoline in an effort to alleviate pain at the pump amid skyrocketing inflation.

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In an exception to the Clean Air Act, Biden will allow E15 gas to be sold this summer

In an exception to the Clean Air Act, Biden will allow E15 gas to be sold this summer

This post was originally published on this site The fuel is normally banned from sale in the summer to combat smog. Trump also allowed summer sales of the 15-percent ethanol blend in 2019 after U.S. farmers were hurt by his trade war with China. (Image credit: Charlie Riedel/AP file photo)

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Russia sets midnight deadline over rouble gas payments

Russia sets midnight deadline over rouble gas payments

This post was originally published on this siteVladimir Putin signs a decree ordering foreign buyers of Russian gas to open Russian bank accounts.

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Despite Western sanctions, Russian ruble and banks are recovering

Despite Western sanctions, Russian ruble and banks are recovering

This post was originally published on this siteAfter tumbling from the shock of sanctions, the Russian ruble has recovered nearly all its value, thanks to oil and natural gas sales.

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Higher Food Prices Aren’t Making Farmers Richer

Higher Food Prices Aren’t Making Farmers Richer

This post was originally published on this siteCosts of fuel and fertilizer are soaring faster than grain markets, but government could ease the pain for growers and consumers by encouraging more agricultural innovation.

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