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New York CNN — The sell-off in the oil market accelerated Wednesday, with US crude prices sinking below $70 a barrel for the first time since July. The latest wave of selling bodes well for consumers, suggesting gas prices could fall even closer towards $3 a gallon nationally. Gas prices bottomed out at $3.10 a gallon in …
The post Here’s why gas could drop below $3 appeared first on Egypt Independent.
New York CNN — OPEC leader Saudi Arabia is extending its oil production cut for at least another month in a move that threatens to drive gasoline and other energy prices even higher. An official source from the Saudi Ministry of Energy told state-run news agency SPA Thursday that the kingdom will extend this voluntary …
The post Saudi Arabia extends oil production cut even as US gas prices hit nine-month highs appeared first on Egypt Independent.
Prime Minister Anthony Albanese admits Australians need relief on soaring energy prices and says a price cap on gas is one option on the table as his government seeks solutions. … Continued
The post Gas price cap on the table: Albanese appeared first on The New Daily.
Australia’s motorists have been urged to make beeline to the bowser to fill up with petrol with prices tipped to jump as much as 40 cents a litre. Petrol prices … Continued
The post ‘Fill up ASAP’: Motorists warned ahead of petrol spike appeared first on The New Daily.
(CNN) – The Biden administration released a proposed plan on Friday for where the federal government intends to hold offshore oil and gas lease sales in federal waters for the next five years. The plan would mainly limit drilling to the Gulf of Mexico, with one proposed lease sale in waters off Alaska. The Interior …
The post Biden caught between climate goals and high gas prices as administration releases new drilling plan appeared first on Egypt Independent.
Australian motorists will be charged sky-high petrol prices for months to come despite falling global oil prices, a leading analyst has warned. Households in Melbourne, Sydney and Brisbane are already … Continued
The post Motorists face $2 petrol for months to come as oil-price plunge fails to deliver bowser relief appeared first on The New Daily.
Malcolm Turnbull says the Albanese government should consider bringing in gas price and volume controls for 90 days to deal with the short-term energy crisis. The former prime minister said … Continued
The post Malcolm Turnbull urges gas price, volume limits appeared first on The New Daily.
Energy Minister Chris Bowen says solutions agreed to at a crisis meeting will have an “early effect” in fixing soaring gas prices. The energy market operator will have powers to … Continued
The post ‘Early effect’ for rising gas prices appeared first on The New Daily.
