The Fed canโt protect consumers from supply shocks and price gouging โ but Congress can
As global disruptions drive up Americansโ grocery and gasoline prices, lawmakers need to take a stand.
๐บ๐ธ ๋ฏธ๊ตญ ยท "GASOLINE" ยท ์ด 21๊ฑด
ํํฐ ๋ณด๊ธฐํ์ฌ ์ง์
50.0
0 = ๋ถ์ ์ฐ์ธ
50 = ์ค๋ฆฝ
100 = ๊ธ์ ์ฐ์ธ
์ต๊ทผ 7์ผ ๊ธฐ์ค 10,388๊ฑด์ ๋ถ์ํ ๊ฒฐ๊ณผ, ๋ด์ค ์ฌ๋ฆฌ์ง์๋ 50.0(๊ท ํ)์ ๋๋ค. ๊ธ์ 0๊ฑด(0.0%)ยท์ค๋ฆฝ 10,388๊ฑด(100.0%)ยท๋ถ์ 0๊ฑด(0.0%)์ด๋ฉฐ, ์ค๋ฆฝ ๋น์ค์ด ๋๋ ทํ๊ฒ ๋์ต๋๋ค. ์ฑํฅ ์ง์๋ ์ข ํฉ 19.3(์ค๋ ๊ท ํ)์ ๋๋ค.
As global disruptions drive up Americansโ grocery and gasoline prices, lawmakers need to take a stand.
Analysts have slashed their estimates of Indiaโs oil demand growth this year, with the consumption uptick to be the weakest since the Covid pandemic as the supply crunch and higher fuel prices slow gasoline and diesel demand. Analysts Kpler and Rystad Energy have slashed their gasoline and diesel demand growth estimates for this year by between 30% and 90%, according to figures cited by Bloomberg. Despite the major downward revisions to fuel demand growth in the worldโs third-biggest crude oil importer, analysts donโt see thisโฆ
Japan will spend an additional $19.4 billion to cushion the inflation blow to Japanese households resulting from the oil and gas export flow disruption in the Middle East. The package, approved by Prime Minister Sanae Takaichi this week, includes a $16-billion reserve fund specifically created for controlling energy commodity prices through additional subsidies, Bloomberg reported. The publication added that the fund will first be used to cap the price of gasoline at the pump. Reuters reported that the money for the additional budget would comeโฆ
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 6.75 million barrels in the week ending May 29. In the week prior, US crude oil inventories fell by 2.8 million barrels. Analysts had expected a 3.6 million draw. Despite the sharp dropoff of the last several weeks, US crude inventories have risen by 16 million barrels so far this year, according to API data. Inventories in the US Strategic Petroleum Reserve (SPR) continue to draw down in an attempt to alleviate the pressure on prices. For weekโฆ
China has allowed some independent refiners to reduce processing rates amid mounting losses as Chinese crude and fuel stockpiles remain comfortably high despite the Middle East crisis. In the early weeks of the Iran war and the inability of Middle Eastern exporters to ship crude through the Strait of Hormuz, Chinese authorities directed the private refiners, the so-called teapots, to maintain high levels of gasoline and diesel supply, even at a loss, or risk their crude import quotas slashed if they reduce run rates. Two months after this directive,โฆ
U.S. gasoline inventories are falling at a record pace, raising questions about summer fuel prices, refinery capacity, and energy market risks.
An increasing number of oil tankers are headed through the embattled Strait of Hormuz and gasoline prices will drop once the ships reach Asia, National Economic Council Director Kevin Hassett predicted Sunday.
Costco's gas stations have seen a rise in demand for their low-priced gasoline, as the surge helped the company top expectations for its third-quarter sales.
The prices of diesel and gasoline soared after the Iran war started, piling more hardship on people in Ruatahuna, one of New Zealandโs most remote villages.
Costcoโs same-store sales rose 9.8% during its third quarter, well above Wall Streetโs estimates, as gasoline sales provided a nice bump.
Americans kept spending in April even as gasoline prices continued to surge, a sign that higher energy costs have not forced a broad retreat in household outlays. The post American Consumers Keep Spending, Sending Retail Shares Soaring appeared first on Breitbart.
Crude oil inventories in the United States decreased by 3.3 million barrels during the week ending May 22, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The decrease brings commercial stockpiles to 441.7 million barrels, according to government data, which is now 2% below the five-year average for this time of year. The EIAโs data release follows APIโs figures that were released a day earlier, which reported that crude oil inventories saw a draw of 2.8 million barrels in the period.โฆ
A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americansโ finances
Suspending the federal gasoline tax could save drivers up to 18.4 cents per gallon. But it would drain the fund meant to cover roadbuilding and repairs โ a fund that's already in trouble.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 2.8 million barrels in the week ending May 22. In the week prior, US crude oil inventories fell by 9.1 million barrels. US crude inventories have risen by 22 million barrels so far this year, according to API data. Inventories in the US Strategic Petroleum Reserve (SPR) continue to draw down in an attempt to alleviate the pressure on prices. For week ending May 22, 9.1 million barrels left the SPR, bringing the new total to 365.1 million barrelsโtheโฆ
Japanโs industry ministry will officially switch the benchmark for calculating gasoline price subsidies back to Dubai crude prices from Brent crude, effective June 4, after Dubai crude prices stabilized and the gap between Dubai and Brent has narrowed, allowing for more accurate subsidy calculations. Earlier in the spring, the Japanese government briefly shifted the benchmark to Brent crude in an attempt to limit surging gasoline prices shortly after the Iran war begun. However, oil price volatility has now cooled off considerably, with Dubaiโฆ
Indiaโs state-owned energy majors that trade in fuels raised prices at the pump for the fourth time in the space of a month, reflecting the continued effect of the Strait of Hormuz closure on oil and fuel flows. The cumulative price hike since the start of the month comes in at 8.6% for diesel fuel, Reuters reported today, and 7.8% for gasoline. The first fuel price hike took place in Mid-May, with refiners including Indian Oil Corp., Bharat Petroleum Corp, and Hindustan Petroleum Corp. hiking their retail prices by over 3% for the firstโฆ
Democrats around the country, including Californiaโs Gavin Newson, are up in arms over spikes in gas prices caused by President Donald Trumpโs war against Iran. Missing in their condemnations is any acknowledgement that nobody is better at spiking gas prices than Democrats. An analysis of AAA gasoline prices found that drivers in states led by ...
U.S. drivers are facing high gas prices over Memorial Day weekend but are not expected to hit the brakes en masse on their holiday travel plans. The national average gasoline price was about $4.55 per gallon as of Friday, driven up by the war with Iran. Thatโs more than $1.50 per gallon higher since the conflict began...
Global oil inventories are declining fast with just four to six weeks until gasoline, diesel and jet fuel prices shoot higher, analysts said.