Tag: Prices

Gas Prices Could Cost Republicans the Midterms

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One might expect Donald Trump to be concerned about gas prices. Less than two months out from the midterms, gas costs 37 percent more than it did a year ago. Home-heating oil was up 52 percent as of August, and diesel is up a staggering 69 percent. None of those numbers is likely to go down significantly as long as the Iran war drags on. Meanwhile, just last week, a Saudi oil pipeline that carries about 4 percent of the global oil supply shut down after being bombed. (No one…

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Biden release of oil reserves to blunt gas prices draws skepticism from friends and foes

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President Biden’s announcement Thursday that the U.S. will release nearly 200 million barrels of oil from the Strategic Petroleum Reserve over the next several months was met with skepticism from Republicans, energy experts and even some in his own party. Both allies and foes were unsure that the planned release … The Washington Times stories: White House

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White House says blocking Russian oil would increase prices, rules out no-fly zone in Ukraine

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The White House said Thursday that President Biden is still not considering a no-fly zone over Ukraine and warned that blocking Russian oil imports would result in higher prices for consumers. “A no-fly zone requires implementation. It would require essentially the U.S. military shooting down Russian planes and causing — … The Washington Times stories: White House

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