Oil

House Democrats Tuesday doubled down on blaming high gas prices on Putin's war on Ukraine as well as "price gouging" by oil companies while GOP claims President Biden's policies are responsible.

Stuart Varney argues Democrats are trying to stick blame on oil executives for sky-high gas prices, instead of Biden's cut of domestic supply.

The European Union’s executive branch proposed Tuesday a ban on coal imports from Russia in what would be the first EU sanctions targeting the country’s lucrative energy industry over its war in Ukraine.

Oil was trading higher in early Asian trading as Russian crude export disruptions deepen, which would likely tighten the oil-market balance and place more persistent upward price pressures, Fitch Solutions reported.

Patrick De Haan, head of petroleum analysis for Gasbuddy, estimated that the national average for a gallon of gasoline in the U.S. will dip another four to nine cents per gallon in the week ahead.

Buttigieg turned heads on Friday when he continued to push for Americans to purchase a new, electric car as their wallets take a hit from skyrocketing gas prices.

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, argued that food prices will “continue to rise” for the next few months as the war between Russia and Ukraine rages on and as the price of oil remains elevated.

Global oil prices dipped Sunday amid a ceasefire agreement on the Saudi-Yemeni border that boosted supply, days after they seemed to stabilize.

Oil prices fell at the start of Asian trade on Sunday, after the United Arab Emirates and the Iran-aligned Houthi group welcomed a truce that would halt military operations on the Saudi-Yemeni border, alleviating some concerns about potential supply issues.

Oil prices fell at the start of Asian trade on Sunday, after the United Arab Emirates and the Iran-aligned Houthi group welcomed a truce that would halt military operations on the Saudi-Yemeni border, alleviating some concerns about potential supply issues.

Mexico has announced its policy to subsidize gasoline in order to soften price spikes will not apply to the US border region.

The price of a gallon of gasoline continues to move lower after hitting a high two weeks ago.

Two prominent American energy groups are targeting the Biden administration over its dismissal of domestic oil and gas production, one with a five figure ad purchase and another whose president will offer testimony before the Senate next week.