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The Latest Breaking News from Gas Prices

No new gas connections for ACT homes and businesses from 2023 under plan to phase out fossil fuels

Rising gas prices are already convincing ACT households to switch to electricity, but the government says all newly built homes will not be able to be connected to gas from January 1.

ABC News

WH says falling gas prices matter more than OPEC numbers

President Joe Biden traveled to Saudi Arabia almost three weeks ago on the possibility that he could get some additional oil production out of OPEC+

The Independent UK

Shell hands staff big bonuses after energy firm reports record profits

It comes as gas prices have risen significantly across Europe following Russia’s invasion of Ukraine

Wales Online

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Inflation to hit ‘astronomical’ 15% next year as UK households face £3,600 energy bills

Bank of England expected to hike interest rates by 0.5% to tame out of control price rises fuelled by Russia’s war in Ukraine

The Independent UK

Why energy bills are increasing?

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK

BP earnings triple as energy firm profits from rising prices

BP’s earnings have tripled in the second quarter as the British energy giant profited from oil and natural gas prices that soared after Russia invaded Ukraine

The Independent UK

BP's profits treble as households face record energy bills and high fuel prices

The company has cashed in on high oil and gas prices

Wales Online

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BP profits hit £6.9BILLION in 14-year high as UK buckles under soaring energy bills

BP's financial performance has gone through the roof thanks to soaring oil and gas prices due to the war in Ukraine as they've already raked in £5billion in profits in the first three months of the year - which is more than double the £2.3bn earned in the same period…

Daily Mirror

Gas prices, economy not the only issues in election this fall

Is cheap gas worth losing a functioning democracy?

Chicago Sun-Times

Australia’s high gas prices could be here to stay if threats don’t turn into action

The east coast faces a potential gas shortfall in 2023 amounting to 10% of demand and there are calls for exporters to fill the gap

The Guardian - AU

Why energy bills are increasing?

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK

Missouri’s average gas price falls to $3.90

As of July 29, Missouri’s average gas price according to AAA was $3.90 for regular gas, which was below the national average of $4.26. Gas prices fell from the previous week’s average of $4.10 and were below the June average of $4.58. On July 29, 2021, the state’s average price…

Ballotpedia

Oil giants report record profits

The two largest US oil companies, Exxon Mobil and Chevron Corp, reported record revenue and profits on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European giants a day earlier.

Bangkok Post

Soaring gas prices help Origin Energy net $1.59bn from Queensland pipeline

Revenue at Australia Pacific LNG doubles in 2021-22, prompting renewed calls for a windfall tax

The Guardian - AU

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The Guardian - UK

If Putin is using gas prices to fight Europe, how can it fight back?

Analysis: in this massive hybrid war, Europe is preparing its defences before winter and hoping sanctions bite

The Independent UK

Why energy bills are increasing?

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK

European gas prices soar after Russia cuts supplies to Germany

Market nears March record as pressure builds on continent

Los Angeles Times

Commentary: California workers urgently need an $18 minimum wage. The Legislature should act this year

Californians may have gotten temporary relief recently when gas prices finally fell to about $6 a gallon this month, down from as high as $8 per gallon in June in Los Angeles County. Inflation has rocked the economy, with prices soaring 9.1% in June.

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Benzinga

Why Energy Stocks Traded Higher; Here Are 61 Biggest Movers From Yesterday

Gainers GeoVax Labs, Inc. (NASDAQ: GOVX) jumped 150.4% to close at $1.59 on Monday after declining 8% on Friday.

Salon

Big Oil was too slow to drop gas prices

New report from Accountable.US finds oil companies were eager to gouge consumers, even as oil prices began to fall

Benzinga

5 Ways to Get the Best Bang for Your Buck on Gas While Prices Remain High

Save your wallet from sky-high gas prices by researching money-saving tips and tricks. For many drivers, gas remains a necessity, so make the most out of each trip to the pump by using fuel rewards, strategic driving, paying in cash and remaining open to new money-saving options such as mobile…

The Hindu

Reliance expects gas price to rise in October, wants removal of ceiling prices

The government sets gas prices every six months based on international rates

USAFacts

What's the average price for a gallon of gas in the US?

Data on nationwide gas prices, updated weekly.

WEKU

Biden holds a gas prices event virtually as he isolates with COVID-19

The president will isolate through Tuesday, and if he tests negative, at that point he could resume a normal schedule on Wednesday. He has continued to work since testing positive on Thursday.

Axios

Democrats could lose their reprieve on gas prices

Pump prices are falling sharply, but they could rise again.

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