OPEC

Gas Prices

Biden to release 15M barrels from oil reserve, more possible – Associated Press

WASHINGTON (AP) — President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations, and he will say more oil sales are possible this winter, as his administration rushes to be seen as pulling

Gas Prices

Arizona Weekly Gas Price Update for Week of October 17, 2022

Average gasoline prices in Arizona have fallen 12.6 cents per gallon in the last week, averaging $4.44/g today, according to GasBuddy’s survey of 2,269 stations in Arizona. Prices in Arizona are 49.0 cents per gallon higher than a month ago and stand $1.11/g higher than a year ago. The national average price of diesel has

Ben Shapiro

Opinion: America’s Suicidal Energy Policy Has Very Real Costs – Ben Shapiro

Last week, Saudi Arabia announced, in conjunction with OPEC+, that it would be cutting oil production in the face of dropping prices. That decision came in spite of the Biden White House’s lobbying in favor of increased production, which included a sycophantic visit by President Joe Biden to Saudi Crown Prince Mohammed bin Salman. In

Crude oil

Biden vows ‘consequences’ for Saudis after OPEC+ cuts output – Associated Press

President Joe Biden said Tuesday there will be “consequences” for Saudi Arabia as the Riyadh-led OPEC+ alliance moves to cut oil production and Democratic lawmakers call for a freeze on cooperation with the Saudis. Biden suggested he would soon take action, as aides announced that the administration is reevaluating its relationship with the kingdom in

Gas Prices

Arizona Weekly Gas Price Update for Week of October 10, 2022

Average gasoline prices in Arizona have risen 12.3 cents per gallon in the last week, averaging $4.57/g today, according to GasBuddy’s survey of 2,269 stations in Arizona. Prices in Arizona are 61.5 cents per gallon higher than a month ago and stand $1.30/g higher than a year ago. The national average price of diesel has

Energy

OPEC’s Production Cuts Embarrass Biden – Inside Sources

President Joe Biden went to Saudi Arabia earlier this year to bump fists and ask the oil-rich nation to increase oil output, essentially outsourcing oil production from U.S. oilfields to the Middle East in an effort to bring gas prices down. On Wednesday, Biden got his answer. The OPEC+ nations led by the Saudis announced

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