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The Latest Breaking News from Gas Prices

Energy-producing states lag in latest economic numbers

Amid worries about a possible recession, energy-producing states had the biggest drops in GDP during the first quarter of this year, despite skyrocketing oil and gas prices, new government figures show.

Tribune News Service

Commentary: The Sriracha shortage, or as my wife might call it: Our long, heatless summer

We all have a very full platter this summer. A sinking economy. Scandalously high gas prices. An obstinate, and reemerging, coronavirus. War in a foreign land. Cryptocurrency collapse. And then there are the shortages. Tampons, baby formula and the one my wife brought to my attention — the Sriracha shortage.

Los Angeles Times

No retreat in the summer heat. Inflation blistering at 9.1% in June

Inflation hit a new, four-decade high of 9.1% last month, fueled in part by record high gasoline prices. Gas prices have since fallen, but overall inflation is still elevated.

WEKU

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Cost of living: How can the UK government help reduce energy bills?

Government under fire for not doing more to help households tackle climbing costs even before leadership crisis brought fresh chaos to Westminster

The Independent UK

Why energy bills are increasing?

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK

Surging gas prices likely drove US inflation to 40-year high

U.S. inflation likely reached a new 40-year high in June, driven up by a spike in gas costs, more expensive food and rent, and pricier cars and hotel rooms

The Independent UK

White House braces country for hot consumer inflation report

Annual headline inflation is forecast to increase to 8.8% for June, up from 8.6%.

Axios

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Euro hits US dollar parity for first time in 20 years

The euro has been vulnerable given the effect of a continuing spike in natural gas prices and the war in Ukraine.

Al Jazeera

Cost of living: How can the UK government help reduce energy bills?

Government under fire for not doing more to help households tackle climbing costs even before leadership crisis brought fresh chaos to Westminster

The Independent UK

Why energy bills are increasing?

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK

Shell halts production on floating gas platform Prelude amid worsening industrial dispute

The energy giant has temporarily halted production on its trouble-plagued, multi-billion-dollar Prelude facility off the WA coast. So what does that mean for gas prices?

ABC News

Fox News alarmed by falling gas prices

"It's a struggle for all of them," Fox News host Martha MacCallum claimed

Salon

Poland to extend gas tariff protection for households until end 2027

Poland's government said on Monday that it plans to postpone the liberalization of household gas prices until the end of 2027 to help consumers cope with soaring energy costs.

Reuters

TV Newsance 178: Kaali poster, Mahua Moitra’s comments and farewell to Sudhir

It’s the season of outrage, and TV news anchors can't have enough of it! They are angry, hurt and offended – but for what? Not unemployment, or inflation or gas prices going up; from Nupur Sharma to now Mahua Moitra, hurt sentiments continue to rule the airwaves.

Newslaundry

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Chicago Tribune

President Biden fumbles on gas prices, leadership

To hear President Joe Biden tell it, high gasoline prices aren’t his fault. Those looking for someone to blame should direct their anger instead at what he describes as “the companies running gas stations.”

Ballotpedia

Missouri’s average gas price falls to $4.50

As of July 6, Missouri’s average gas price according to AAA was $4.50 for regular gas, which was below the national average of $4.78. Gas prices fell from the previous week’s average of $4.58 but remained above the June average of $4.46. On July 6, 2021, the state’s average price…

The Independent UK

Gas prices 'double-edged sword' hurts drivers, helps climate

President Biden's climate agenda has been stymied by Congress and the Supreme Court

The Hindu

People hit by increase in gas prices: KTR

‘Budget of common man turned upside down, will continue fight’

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The Guardian - AU

Australian fossil fuel megaprojects at risk from record high global gas prices

Experts warn of ‘permanent demand destruction’ for gas but say conditions are ideal for a structural shift to renewable energy

Chicago Tribune

Commentary: Stop driving farther for gas bargains. There is no such thing

Now that gas is $5 per gallon, do you drive around longer looking to save on the price per gallon?

The Guardian - UK

European stock markets tumble on rising fears of recession

Euro slumps to 20-year low against US dollar as jump in natural gas prices intensifies economic strain

The Guardian - UK

UK gas prices hit three-month high as Norway workers strike

European energy crisis intensifies amid suspension of production in Equinor oil and gas fields

The Independent UK

Why energy bills are increasing?

Squeeze on wholesale gas prices around the world driving up household bills

Los Angeles Times

5 weed drinks for summer that taste so good they're dangerous

LOS ANGELES — With the summer holiday season finally in full swing, weed fans — and the weed curious — are ready to kick it poolside, throw back a couple of mad refreshing, totally lo-cal THC-infused drinks and get higher than gas prices.

Axios

White House, Jeff Bezos trade criticism over gas prices

"Oil prices have dropped by about $15 over the past month, but prices at the pump have barely come down."

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