President Trump on Monday invoked wartime authority under the Defense Production Act (DPA) to try to push for more oil, gas and coal. The DPA gives the president the authority to increase the production of certain items to advance national security. Trump this week issued five memos applying it to oil, coal, natural gas infrastructure and exports, electric grid equipment and “large-scale...
The average price of standard gas in the U.S. hit $4 as of Tuesday morning, after hovering right under the dollar mark for about a week. This is up by over a dollar from a month ago after the onset of the Iran conflict at the end of February spiked fuel prices. The average price of premium...
Oil prices have surged more than 40% since the start of the Iran conflict, rattling global energy markets and raising concerns that U.S. drivers could see further increases at the pump. Analysts say consumers may not have felt the full impact yet because higher crude costs typically take weeks to filter through to retail gasoline prices....
The war with Iran has sent oil prices, and then gasoline prices, sharply higher. West Texas Intermediate (WTI) crude, the main U.S. oil benchmark, rose from the mid-$60s per barrel in late February to around $100 on March 19. U.S. gasoline prices have followed suit, with the average price increasing from a pre-war level of under $3.00 per gallon to over $3.70 by mid-March.
Read more in the New York Times here.
Read more in Utility Dive here.
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E+E Leader reporter Kaleigh Harrison writes on a recent Aspen Institute water strategy. Read more in E+E Leader here.
OilPrice reporter Irina Slav explains how geopolitics is beginning to upend global LNG markets, as trade tensions between the U.S. and Europe spill directly into energy flows. Read more in OilPrice here.
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