Oil

Compared to a month ago, the national average is down 11.1 cents, although it's still $1.09 per gallon higher compared to this time last year.

Former President Trump warned that inflation is “snowballing worse than ever” under President Biden and argued that the cost of energy is the “biggest problem.”

West Virginia Democrat Sen. Joe Manchin reportedly forced Democrats to scrap an offshore drilling ban from the massive Build Back Better Act spending plan, a provision that experts say would have had disastrous consequences for the country.

Some countries saw prices as high as 300 or 400 euros per megawatt hour

Since Thanksgiving, prices at the pump have fallen 10 cents, offering a bit of hope for the more than 100 million consumers expected to travel during the winter holiday season.

A federal grand jury has accused Amplify Energy Corp and two of its subsidiaries of illegally and negligently discharging oil during a pipeline break in California in October and failing to respond to alarms.

Prices tumbled 2.4 cents from a week ago, pushing the average to $3.32 per gallon, according to GasBuddy data, which is compiled from reports covering over 150,000 gas stations across the country.

Oil prices rose on Monday, extending gains from last Friday, helped by growing optimism that the Omicron coronavirus variant's impact will be limited on global economic growth and fuel demand.

GasBuddy's head of petroleum analysis, Patrick De Haan, previously estimated that prices could decline under the $3 mark because of uncertainty surrounding the omicron variant.

Canary CEO Dan Eberhart predicted that the price of oil and gas is “headed higher” and warned that President Biden “'is going to have to worry about this a lot more.”

Andrew Wheeler, who headed the Environmental Protection Agency during the Trump administration, argued that the Biden administration has “done everything that they can over the last year” to decrease American production of oil and gas “under the name of climate change.”