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The Latest Breaking News from Gas Prices

Gas prices hit new all-time high

The new record comes as high inflation puts pressure on the Biden administration to help consumers.

Axios

Is Range Resources a Smart Natural Gas Stock to Own in 2022?

The shares of natural gas company Range Resources (RRC) have soared in price over the past few months thanks to surging natural gas prices. However, given the company's mixed fundamental performance, can its stock maintain its price rally? Read on, let's find out.

StockNews.com

Evening Standard Comment: As Shell and BP make bumper profits, it could be time to consider a windfall tax

The timing is certainly awkward. Oil giant Shell has reported underlying profits of £7.2 billion in the first quarter of this year, up 43 per cent on the final three months of 2021, thanks to high oil and gas prices. It comes days after BP announced profits of more than…

Evening Standard

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What Europe's ban of Russian oil could mean for energy markets – and your gas prices

The EU ban on Russian oil imports will likely lead to higher crude and gasoline prices, further upending energy markets.

WEKU

Why are gas prices still so high? And what's up with those rebate checks?

For the last two months, Eric Simpson has been facing a dilemma: go surfing, or save gas for his commute?

Los Angeles Times

Northern Ireland gas and electric prices: Latest breakdown on industry increases

Bigger bills have been hitting households hard over recent months

Belfast Live

Strong BP profit renews call for energy sector windfall tax

BP posted its highest quarterly profit in more than a decade thanks to surging oil and gas prices

The Independent UK

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George Skelton: It's time to stop spinning our wheels on gas price relief and head in a different direction

SACRAMENTO, Calif. — California Gov. Gavin Newsom and state legislators have been spinning their wheels for months on gas price relief. They should get the vehicle moving or abandon it.

Los Angeles Times

BP profits double to $6.2bn, fuelling calls for energy windfall tax

Results are ‘obscene’, say unions, after soaring oil and gas prices help company to beat forecasts

The Guardian - UK

Electricity prices in Ireland among highest in EU as Irish consumers pay 26% more than average

Average electricity prices for households in the Republic were up almost 14% compared to 2020

Irish Mirror

Editorial: Karen Bass for Los Angeles mayor

These are pessimistic days in Los Angeles. In focus groups, surveys and polls, the same themes keep surfacing: Residents are angry and frustrated by the continued human suffering of the homelessness crisis. They’re dissatisfied with their quality of life. They’re worried about having money to pay their rent or mortgage,…

Los Angeles Times

Hinkley Point B nuclear plant could be spared imminent closure

Energy secretary Kwasi Kwarteng believed to be open to extension in response to leap in gas prices and energy security concerns

The Guardian - UK

2 Stocks to Buy as Gasoline Prices Keep Rising into the Summer

Despite declining oil prices and increased productivity, gas stations have managed to keep gas prices high--as is traditional. Furthermore, because seasonal gasoline demand is estimated to soar, we think it could be wise to bet on quality oil & gas industry stocks Marathon Petroleum (MPC) and Valero Energy (VLO). Let’s…

StockNews.com

Chevron's Q1 Profits Leap On Gas, Crude Oil Price Surge

Chevron Corporation (NYSE: CVX) posted better-than-expected first-quarter earnings as profits rose nearly fourfold from last year amid a record surge in U.S. gas prices and a spike in global crude linked to Russia's invasion of Ukraine.

Benzinga

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Irish Mirror

Blow for Irish households as gas and electricity bills could skyrocket further this winter

Wholesale gas prices are already around six times higher than they were this time in 2021

Los Angeles Times

Millions of Californians would get $200 cash rebates for soaring gas prices under Democrats' plan

SACRAMENTO, Calif. — Millions of California families would receive cash rebates of $200 per person under a plan unveiled Thursday by state Senate Democrats, with additional boosts to those enrolled in government assistance programs and subsidies provided to small businesses that could be extended for a decade.

The Independent UK

Democrats pitch boosting FTC to curb gas price gouging

Democratic leaders have announced an effort to give the Federal Trade Commission increased authority to crack down on oil and gas companies that engage in price gouging

The Guardian - US

Why are gas prices so high? These obscure traders are partly to blame

‘Nobody with power is looking at what they’re doing,’ but they’re helping to drive searing gas prices despite increased oil production

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Daily Mirror

UK affected as Europe gas prices rise after Russia shuts off supply to neighbours

Russia has cut off its gas supplies to Poland and Bulgaria in what it says is a dispute about the countries not paying in roubles. Vladimir Putin's state has been accused of weaponising gas supplies

StockNews.com

Obsidian Energy: A Red-Hot Oil & Gas Stock with More Room to Run

The stock of Canadian oil and gas company Obsidian Energy (OBE) has been skyrocketing in price, driven by rallying oil and gas prices. The stock has gained more than 500% over the past year. And given the elevated oil and gas price environment and the company’s operational strength, OBE seems…

StockNews.com

Is Coterra Energy a Good Oil & Gas Stock to Invest In?

Rallying oil and gas prices amid a tight supply outlook has helped Coterra Energy (CTRA) register solid gains. However, considering the International Monetary Fund's (IMF) bearish global economic growth outlook, is CTRA well-poised to maintain its gains? Keep reading to learn our view.

Kiplinger

Gas Prices Around the World

Many world gas prices can make what Americans pay at the pump seem like a bargain. But not all.

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People

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