Rising gas price projections complicate Biden’s horizons

Rising gas price projections complicate Biden’s horizons

This post was originally published on this siteAnalysts expect U.S. gasoline prices to rise as high as $4 per gallon by this summer, putting a pinch on drivers and exacerbating problems for President Biden. The White House has seen Biden’s approval ratings fall due to a mix of problems,…

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Biden to announce release of oil reserves as part of effort to lower gas prices

Biden to announce release of oil reserves as part of effort to lower gas prices

This post was originally published on this sitePresident Joe Biden on Tuesday will announce the Department of Energy will release 50 million barrels of oil from the Strategic Petroleum Reserve as part of an effort to lower high gas prices and address the lack of oil supply around the world.

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Biden administration to release 50 million barrels of oil from strategic reserve

Biden administration to release 50 million barrels of oil from strategic reserve

This post was originally published on this siteThe Department of Energy will release 50 million barrels of oil from the nation’s Strategic Petroleum Reserve, the White House announced Tuesday, as the Biden administration seeks ways to control rising costs at the pump.Of the 50 million…

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Biden asks FTC to ‘immediately’ look into whether illegal conduct is pushing up gas prices

Biden asks FTC to ‘immediately’ look into whether illegal conduct is pushing up gas prices

This post was originally published on this sitePresident Joe Biden asked the Federal Trade Commission on Wednesday to “immediately” investigate whether illegal activity by oil and gas companies is pushing up gas prices.

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BP warns of ‘tight’ gas market over holidays

BP warns of ‘tight’ gas market over holidays

This post was originally published on this siteBP on Tuesday warned that the gas market would be “tight” in the next few months as demand rises during the winter, though the company enjoyed a highly profitable third quarter this year.According to The Associated Press, BP said it expected…

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