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The Latest Breaking News from Gas Prices

How a massive refinery shortage is contributing to high gas prices

Oil refineries have lost capacity over recent years, making it nearly impossible to increase supply and stabilize gas prices at the pump.

WEKU

‘Roe is on the ballot’: Can Democrats fire up their base on abortion rights or is it too late?

Democrats want to mobilise their voters to protect abortion rights. But voters have multiple concerns like inflation and gas prices on their minds.

The Independent UK

A history of skyrocketing gas prices

A look back at American gas price increases, the global factors that contributed and the presidents who got blamed

Salon

From analysis to the latest developments in health,
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Russia-Ukraine war: what we know on day 122 of the invasion

German gas prices could triple as Russia cuts supply; Ukrainian forces prepare Severodonetsk retreat; thousands of Black Sea dolphins killed

The Guardian - AU

Honduras enacts month-long gasoline price freeze in inflation fight

The Honduran government passed a month-long freeze on increases in gasoline and diesel prices on Friday, the country's energy minister announced, making the Central American nation the latest to intervene as inflation causes gas prices to skyrocket worldwide.

Reuters

Our global food supply is at risk when high gas prices limit the creation of fertiliser

We need synthetic fertilisers to produce enough food for the world’s population – there are no other alternatives yet

The Guardian - AU

Biden Makes Americans An Offer They Want To Refuse: Higher Gas Prices, Or Victory For Putin.

An Offer America Wants To Refuse This week, President Biden asked Americans, essentially, if they'd rather have lower gas prices or let Putin win.

Benzinga

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Used Hybrid, EV Prices Drastically Jump Alongside Higher Gas Prices

Overall used car prices are starting to decrease.

Motor1

German gas prices could triple as Russia reduces supply, expert says

Fears consumers may have to pay up to three times as much after Nord Stream 1 pipeline flow cut by 40%

The Guardian - UK

‘Constructive’ talk but no deal as Granholm meets oil execs

A meeting on Thursday of oil company executives and Energy Secretary Jennifer M. Granholm concerning high consumer gas prices and refining capacity was “constructive,” even as it failed to produce a policy to address prices at the pump, industry leaders said.

Tribune News Service

Oil industry says Granholm meeting sends 'positive signal'

Groups representing the oil industry and refiners say a meeting with Energy Secretary Jennifer Granholm was productive and should send a signal to markets that the United States is committed to long-term investments in the oil and refining industry

The Independent UK

'Constructive' talk but no deal as Granholm meets oil execs - Roll Call

A meeting of oil executives and Energy Secretary Jennifer M. Granholm concerning high consumer gas prices did not produce an agreement.

Roll Call

Powell thinks rate hikes alone will not slow down gas prices

Benzinga

Why Biden can't bring gas prices down

Its conflicting goals are resulting in mixed messages and rising tensions with the energy industry.

Axios

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The Independent UK

Gas prices sting US workers who depend on their cars

Millions of Americans who rely on their cars for work are changing their habits, signing up for carpools or even ditching their cars for bicycles as gas prices recently hit $5 per gallon for the first time ever

The Independent UK

EXPLAINER: How Biden's proposed gas tax holiday would work

Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden has urged Congress to suspend federal gasoline and diesel taxes for three months

Axios

America's incoherent approach to dealing with high gas prices

The problem is supply and demand. Policy proposals don't address either.

Tribune News Service

California will investigate why it has the highest gas prices. Here’s what we already know

SACRAMENTO, Calif. — California Assembly Democrats are forming a select committee to investigate why the state’s $6-per-gallon gas prices are among the nation’s highest.

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The Independent UK

Biden calls for three-month gas tax holiday as prices continue to rise

The federal gas tax funds highway maintenance and costs consumers 18 cents per gallon of gasoline and 24 cents per gallon of diesel fuel

Bangkok Post

Energy authorities ignite ridicule over 'super' wood-burning stove

The Department of Alternative Energy Development and Efficiency’s promotion of “super” wood-burning stoves as a solution to high cooking gas prices has drawn ridicule on social media.

The Independent UK

Biden to call for 3-month suspension of gas and diesel taxes

President Joe Biden is preparing to call on Congress to suspend the federal gasoline and diesel taxes for three months

Los Angeles Times

Gas prices are falling nationwide. Will California drivers see some relief?

The average national price of regular gas has slipped under $5, marking the first time the closely watched number has decreased in nine weeks, according to AAA.

The Independent UK

Biden, Chevron chief trade sharp words over gas prices

In a pointed back and forth, the head of Chevron has complained that President Joe Biden has vilified energy firms at a time when gasoline prices are at near record levels and the president responded that the oil company CEO was being “mildly sensitive.”

The Texas Tribune

Four Texas Democrats in Congress warn Biden against restricting U.S. oil exports

It is the latest example of how Texas Democrats are on edge over the administration’s approach to high gas prices.

Chicago Sun-Times

How Washington can help lower gas prices and save your summer vacation

President Biden and Congress should embrace all the tools at our disposal to lessen the impact of skyrocketing fuel costs on American families. Our refining capacity should be increased by reopening existing plants.

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