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The Latest Breaking News from Gas Prices

EU Leaders Reaffirm Support for Ukraine, Squabble over Gas Cap

European Union leaders on Friday agreed to give more financial and military aid to Ukraine, but a full day of talks in Prague's ornate royal castle seemed to bring them no closer to deciding on whether or how to cap gas prices. Most of the EU's 27 countries want a…

Asharq Al-Awsat

George Skelton: Newsom wants to tax oil companies for soaring gas prices. It'll be a bumpy road for motorists no matter what

SACRAMENTO, Calif. — When gas prices rise, it instantly fuels political rhetoric about price gouging and the need to help motorists pay at the pump. It's as automatic as pushing the starter button and hearing the engine crank up.

Los Angeles Times

EU leaders reaffirm support for Ukraine, squabble over gas price cap

Reuters

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96-cent hike in two weeks: California gas prices shrouded in secrecy amid historic cost spike

As Californians look down the barrel of gasoline prices just cents away from hitting another all-time record, Gov. Gavin Newsom is quick to blame the oil industry for “ripping you off.” But even as Sacramento considers levying a punitive tax on oil companies, experts say state regulators have woefully little…

Tribune News Service

Infographic: Does Europe have enough gas for winter?

With weeks until winter, EU gas storage is almost 90 percent full, a level 15 percent higher than last year.

Al Jazeera

On the Orange County coast, voters fume about gas prices but fear for climate's future

SAN JUAN CAPISTRANO, Calif. — When Amy Sibley heads to the Costco here from her home in nearby San Clemente, her best friend, Lisa Miller, tags along — to save gas money.

Los Angeles Times

Lower gas prices stoke hopes for a brighter inflation outlook

UK wholesale gas prices remain significantly under the peak levels touched in August

Evening Standard

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German gas price plan exposes EU divisions over energy

Germany’s plan to spend billions of euros to help keep gas prices low for its consumers and businesses is receiving a tepid welcome from fellow European Union members

The Independent UK

Record-setting gas prices show California's worsening energy vulnerabilities

LOS ANGELES — California is getting another reminder of the volatility of its energy supply as shutdowns at several oil refineries have sent gas prices soaring, including to all-time highs Monday in Los Angeles.

Los Angeles Times

Orlando fuel prices fall as gas tax holiday takes effect

A one-month gas tax holiday that kicked in Saturday helped to push Orlando-area gas prices to their lowest average since January.

Orlando Sentinel

As gas prices soar, Gov. Newsom demands tax on 'rip off' oil companies and urges switch to winter-blend fuel

As gas prices in California soar, Gov. Gavin Newsom on Friday called on lawmakers to introduce a windfall tax on "rip off" oil companies and urged state air regulators to allow refineries to produce cheaper winter-blend gasoline to help boost supplies and cut prices.

Los Angeles Times

Newsom relaxes refinery rules as California gas prices soar

California Gov. Gavin Newsom has called on state regulators to relax rules on oil refineries in an effort to lower soaring fuel prices

The Independent UK

The Government’s energy price cap comes into force on Saturday

The Government’s energy price cap to shield households and businesses from the worst of the soaring oil and gas prices comes into effect on Saturday.

Evening Standard

EU energy ministers meet in Brussels in a bid to off-set winter fuel crisis

European Union energy ministers are meeting in Brussels to adopt a package of measures including a windfall levy on profits by fossil fuel companies – but a deal on capping gas prices remains off the table.

Radio France Internationale

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WEKU

Gas prices rise in Kentucky ahead of Hurricane Ian

The Guardian - UK

Germany unveils €200bn help for consumers and says it won’t follow UK’s route

Finance minister announces €200bn fund to protect citizens from rising gas prices driven by Russia’s war in Ukraine

The Guardian - UK

Gas prices rise in Europe as fears grow Russia may halt supplies via Ukraine

Threat of sanctions from Gazprom adds to turmoil caused by damage to Nord Stream pipelines in Baltic Sea

Axios

U.S. mood ticks up with lower gas prices

That helps President Biden and Democrats ahead of midterms, 41 days away.

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Daily Mirror

Europe's energy prices ranked as global gas costs tumble — and how UK compares

Energy prices have started to dip after reaching record highs this summer. Should the wholesale price of energy continue to tumble, it could be good news for the UK government's books

The Independent UK

Long gas lines and panic buying as Hurricane Ian heads towards Florida

Gas prices have held steady

Reuters

In Moldova, thousands in new call for government's resignation

Several thousand people protested in Moldova's capital on Sunday for the second straight weekend to demand the resignation of the country's pro-Western government amid mounting anger over spiralling natural gas prices and inflation.

Tribune News Service

California gas is ‘out of whack’ – nearly $2 more than national average

California has long been known as the country’s priciest place to fill up your tank, but these days the Golden State is “completely out of whack.”

The Guardian - UK

Five charts that will underpin chancellor’s mini-budget

From soaring inflation and gas prices to tax take and national debt, these are the trend lines that frame Kwasi Kwarteng’s calculations

Dublin Live

Everything we know as Irish bills set to soar in price in nine days' time

Millions of Irish customers are set to be hit with a big increase in their electricity bills this winter

Liverpool Echo

Martin Lewis explains why bills aren't dropping despite gas price change

Gas prices have dropped but it won't change your energy bill

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