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The Latest Breaking News from Gas Prices

Biden implores US oil companies to pass on record profits to consumers

US president announces release of 15m barrels of oil from strategic reserve as he fights to keep gas prices in check before midterms

The Guardian - US

Facing tough midterms, Biden releasing oil from US reserve

President Joe Biden is telling voters that he hasn’t given up on lowering gasoline prices

The Independent UK

Like ‘two separate elections.’ How abortion and inflation have taken over California political ads

LOS ANGELES — The congressional election ads bombarding Californians show a sharp dichotomy in priorities — Democrats are laser-focused on abortion access, while Republicans zero in on inflation.

Los Angeles Times

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Biden to release 15m barrels from strategic reserve in effort to tamp down gas prices – as it happened

Move is president’s attempt to mitigate concerns over the economy as midterms approach

The Guardian - US

EU response to energy crisis looms amid rising oil, gas prices

Energy prices began soaring last year after lifting of pandemic lockdowns, followed by Russia’s war in Ukraine.

Al Jazeera

How to keep your heating bills down at home this winter as gas prices rise

The average annual energy bill for UK households now sits at £2,500

The Independent UK

Biden to announce more oil reserve sales to reduce gas prices - Roll Call

The Biden administration will sell another tranche of oil from the national reserve in December to put a damper on gasoline prices.

Roll Call

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Biden taps oil reserve in attempt to curb gas prices

It's the latest of several attempts by the Biden administration to try and tame gas prices via the SPR.

Axios

Biden to announce release of oil in bid to curb gas prices

It's the latest of several attempts by the Biden administration to try and tame gas prices via the SPR.

Axios

Did releasing oil from the Strategic Petroleum Reserve impact gas prices?

Our nation, in numbers. USAFacts provides a comprehensive, nonpartisan view of the state of our union.

USAFacts

EU proposes to cap ‘excessive and volatile’ gas prices this winter

Policymakers attempt to insulate households from worst of impact from Russia’s invasion of Ukraine

The Guardian - UK

EU proposes energy measures, avoids immediate gas price cap

The European Commission proposed another set of emergency measures on Tuesday to tackle high energy prices, but steered clear of an immediate cap on gas prices as EU countries remain split over the idea.

Reuters

How to keep your heating bills down at home this winter as gas prices rise

The average annual energy bill for UK households now sits at £2,500

The Independent UK

Grattan on Friday: Government must find a way to force gas prices down – but how?

Senior ministers this week have dramatically raised the stakes in the Albanese government’s face-off with gas producers, amid escalating energy prices and dire warnings of worse to come. The question now is: how does the government follow through with effective action to match the rhetoric?

The Conversation

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The Guardian - US

America’s love for cars continues – will gas prices decide the midterms?

Economy in focus: The US loves its cars – but soaring prices are a big issue. In the midwest, Adam Gabbatt asks voters what they think

AAP

Australia LNG in demand as war stokes gas

Global gas prices are tipped to surge by more than 50 per cent as Europe weans itself off Russian gas, with Australian producers in line to ship more LNG.

The Independent UK

How to keep your heating bills down at home this winter as gas prices rise

The average annual energy bill for UK households now sits at £2,500

Salon

MBS accused of "election interference"

Saudi Arabia is slashing oil production before midterms in what some are calling a "hostile act" against Democrats

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Reuters

Gas price cap deal eludes EU countries, for now

The European Union will unveil proposals next week to launch joint gas buying within months and develop an alternative gas price benchmark, but a meeting of EU countries on Wednesday left it unresolved whether the package would include a gas price cap.

ABC News

AWU pans federal Labor over 'dud handshake deal' with gas producers as it warns of jobs catastrophe

A major union takes aim at the federal government over its gas policy, accusing Labor of risking jobs through a "dud handshake agreement" with exporters.

The Conversation

Chalmers flags gas action, with escalating power prices a cost-of-living nightmare for government

High and rising power prices will become a bigger part of Australia’s inflation problem over time, Treasurer Jim Chalmers has warned, as he foreshadowed more government action to combat high gas prices.

Tribune News Service

Rapid rise in gas prices wipes out most tax holiday savings in Florida

Well, that didn’t last long.

Reuters

In a land of spas, Hungary's cave bath falls victim to soaring gas prices

Staff turned off the lights and started draining the pools at Hungary's famous Miskolctapolca cave baths on Monday, after the centuries-old attraction succumbed to a modern-day crisis - soaring gas prices.

AAP

More pressure for gas prices to drop

Resources Minister Madeleine King says the government will look for further levers to pull to ease gas costs if negotiated supply doesn't see a drop in prices.

WEKU

California looks to target oil company profits in a special legislative session

Gas prices have recovered somewhat nationwide, but they have continued to spike in California, hitting an average of $6.39 per gallon on Friday.

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