Energy in America

Currently, the national average sits at about $3.303 per gallon, according to GasBuddy analyst Patrick De Haan, who projected that relief won't be in the near future.

Bulltick Capital Markets chief strategist Kathryn Rooney Vera provides insight into oil market.

Traders once again are betting that the U.S. oil benchmark will surge above $100 a barrel, from a recent $82, as early as December. U.S. crude, known as West Texas Intermediate or WTI, is up 10% this month, and 70% this year.

Iranian naval forces intervened on Saturday to repel pirates who attacked an Iranian oil tanker in the Gulf of Aden, Iran's state media reported.

Average gas prices have hit their highest rate in 7 years amid rising inflation and supply chain issues as the economy recovers from the COVID-19 pandemic.

House Republicans slammed President Biden on Thursday for implementing what they described as “anti-American energy policies,” including the White House’s recent request for OPEC+ nations to ramp up production to help combat a global fuel crisis.

White House Press Secretary Jen Psaki said Wednesday that she was unaware of any direct talks between Biden administration officials and energy companies about efforts to lower gas prices.

Delta Air Lines said rising jet fuel prices were likely to stunt the airline’s recovery from the COVID-19 pandemic.

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, warned that higher prices for things like food and gas will stick around at least until the middle of next year.

The EIA forecasts that heating oil costs will rise by 43% compared to last year, while propane, natural gas and electricity costs will jump 54%, 30% and 6%, respectively.