High Gas Prices
Use or Misuse of the Strategic Petroleum Reserve?
Rising gasoline prices prompted President Biden to announce on October 19 that he was authorizing the release of 15 million barrels of crude oil from the nation's Strategic Petroleum Reserve.
The Surprising Oil Tax in the Inflation Reduction Act
President Biden has made reducing gas prices paramount in his administration, so it was likely a surprise to hear a Republican senator last Sunday warn TV viewers that a revived and increased oil fee in the climate bill will increase their gas costs.
Is $7 a Gallon for Gas on the Horizon?
Global oil prices may skyrocket when the European Union, which receives about one third of its oil from Russia, enacts a partial ban on importing Russian oil at the end of the year to stop financing Russia's war in Ukraine.
Biden Proposes Gas Tax Holiday to Reduce Gas Prices
President Biden asked Congress on June 22 to suspend federal fuel taxes, unchanged since 1993, for three months to provide motorists 'relief' at the pump. Additionally, he asked states to follow suit and for oil companies to increase refining.
'Are Gas Prices Too High?'
Nominal gas prices have never been higher. But are they too high? The question was posed by the ranking member of the Senate Committee on Energy & Natural Resources to the Secretary of the Interior during a committee hearing on May 19.
Has the Rug Been Pulled Out From Under Environmentalists?
Robinson Meyer, a climate reporter for The Atlantic, writes about the awkward place American environmentalists find themselves due in part to the war in Europe that has created an international energy crisis and historically high fuel prices at home.
Waging War on High Gas Prices
America is not at war, but that didn't stop President Joe Biden from calling the largest release of oil from the nation's Strategic Petroleum Reserve that he authorized on March 31 to lower oil prices, a 'wartime bridge.'
U.S. to Help European Union Achieve Energy Security
President Joe Biden and European Commission President Ursula von der Leyen announced in Brussels the formation of a joint task force to help the European Union reduce dependence on Russian energy in response to Russia's invasion of Ukraine.
Pumping More Oil to Lower Gas Prices
Proponents of increased oil drilling in the U.S. to replace banned Russian oil argue that it will decrease prices at the pump. A Texas reporter examined the claim with a University of Texas energy analyst. If only it was that simple.
Banning Russian Oil
President Biden announced a ban on the importation of Russian energy on Tuesday in response to Russian President Vladimir Putin's invasion of Ukraine. He warned that gasoline prices will go even higher as a result. Europe will not be joining the ban.
Biden Orders Release from Strategic Petroleum Reserve: What's the Emergency?
The purpose of the Strategic Petroleum Reserve is to maintain oil flow to refineries during national emergencies when oil supplies are disrupted. What national emergency prompted President Biden to order the release of 50 million barrels?
The Future of the American Auto Industry: Not Cars
The American passenger vehicle fleet is being transformed into bigger, fuel-thirstier, and more dangerous models (for those hit by them). Americans have shown a preference for light trucks, and manufacturers are responding by ditching cars.
Bane of the Middle Class: Rising Gas Prices
In this Washington Post blog, Brad Plumer writes on a New American Foundation report on rising gas prices and their disproportionate impact on the poor and middle class. Public policies intended to reduce fuel consumption, however, benefit the rich.
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