Oil prices fall to lowest level
Good news for anyone driving this holiday season.
Good news for anyone driving this holiday season.
Oil Prices
Oil hits lowest price in a year
Oil prices in the U.S. have hit a low not seen in nearly a year.
Oil prices in the U.S. have hit a low not seen in nearly a year.
President Biden meets with heads of top oil companies at the White House
A day after proposing a federal gas tax holiday, President Joe Biden summoned the heads of seven top oil companies to the White House to tackle sky high oil prices. It comes after a week of tense back-and-forth with industry leaders.
Lawmakers press oil company heads on prices at the pump
The heads of some of the largest oil companies are on Capitol Hill today, getting grilled about rising gas prices. Lawmakers are trying to find answers as to why Americans are paying so much at the gas pump and why prices haven’t fallen much despite the government releasing one million barrels a day from the strategic petroleum reserve.
President Biden: “Oil prices are decreasing, gas prices should too”
Biden tweeted “Oil and gas companies shouldn’t pad their profits at the expense of hardworking Americans.”
US banning Russian oil imports as Biden warns of ‘costs
By Zeke Miller, Mike Balsamo and Josh Boak
President Joe Biden has announced that the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine.
Senator Graham calls for increased American oil and gas production amid Russian conflict
Senator Graham said the entire economy of Russia depends on the oil and gas sector, and the U.S. should shut it off.
Oil futures reaches rate not seen since 2014, sending gas prices further up
Oil futures are now more than $100 per barrel, a price not seen since 2014.
Analysts say a Russian invasion of Ukraine could problems at the gas pump worse
Analysts say a Russian invasion of its neighboring country would be matched with severe financial sanctions. That would likely lead the Kremlin to withhold oil from the world market, which is already struggling to stay afloat with demand.
Four ways the situation at the Russia-Ukraine border could affect Americans’ wallets
Russian forces are still massing on the Ukrainian border, and the U.S. is warning Russia could choose to attack at any moment. A further Russian invasion there could cost you money here at home.
