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Tags Oil (Petroleum) and Gasoline

Tag: Oil (Petroleum) and Gasoline

How the G7 Oil Price Cap Has Helped Choke Revenue to Russia

In early June, at the behest of the Biden administration, German leaders assembled top economic officials from the Group of 7 nations for...

Gas Prices in the U.S. Fall Below $4 a Gallon

Gas prices in the United States fell below $4 a gallon on Thursday, retreating to their lowest level since March, a drop that...

Biden Savors Much-Needed Victories. But Will the Highs Overshadow the Lows?

WASHINGTON — President Biden and his top advisers have tried for months to press forward amid a seemingly endless drumbeat of dispiriting news:...

Gas Prices, a Big Inflation Factor, Are Coming Down Sharply

HOUSTON — Gasoline prices, on an upward tear for months, have reversed course in recent weeks, giving consumers a welcome break.Gasoline was a...

Biden Seeks Price Cap on Russian Oil Amid Fears of Gas Shock

WASHINGTON — Relief at the gas pump coupled with this past week’s news that businesses continue to hire at a blistering clip have...

An Embargo Will Bruise Russia’s Oil Industry

The European Union’s embargo on Russian oil will bite into the country’s export of crude — a cornerstone of the nation’s economy —...

Russia’s Economic Outlook Grows ‘Especially Gloomy’ as Prices Soar

LONDON — After sanctions hobbled production at its assembly plant in Kaliningrad, the Russian automaker Avtotor announced a lottery for free 10-acre plots...

Why U.S. Oil Companies Aren’t Riding to Europe’s Rescue

“The model has totally changed,” he said.Oil executives also argue that they are spending a lot of money on new oil and gas...

Soaring Cost of Diesel Ripples Through the Global Economy

Farmers are spending more to keep tractors and combines running. Shipping and trucking companies are passing higher costs to retailers, which are beginning...

Some States Suspend Their Gas Taxes, Looking to Ease Pain at the Pump

Seeking to soften the blow of higher gas prices on consumers, a handful of states have suspended their gas taxes, and several other...
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