Tag: gas prices

Energy Secretary Granholm Says Biden Is ‘All Over’ Gas Prices, But Can’t List Any Policies to Lower Prices

Virginia Star Staff

Secretary of Energy Jennifer Granholm said President Joe Biden is “all over” rising gasoline prices but failed to name a single administration policy aimed at lowering energy costs.

“The president is all over this,” Granholm said during a CNN interview Monday. “He really is very concerned about, you know, inflation, obviously, and the price of gasoline because that’s the most obvious manifestation of it. As you know, no president controls the price of gas, oil is sold on a global market.”

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COVID-19, Supply Chain Issues Slowing Virginia’s Economic Recovery

Eric Burk

Virginia’s financial position continues to improve after COVID-19’s impacts in 2020, but the fast-paced recovery seen earlier in the year is slowing, Secretary of Finance Joe Flores told legislators in an update on Monday and Tuesday.

“The bottom line is that we’ve hit a few roadblocks in the past month or so with the resurgence of the virus, especially the Delta variant, and some supply chain issues. But you’re going to see from this report, as you mentioned Madam Chair, that the current revenue performance continues to just chug along. We’re doing actually very well, and it’s suggestive of a recovering economy,” Flores told the Senate Finance and Appropriations Committee on Tuesday.

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Oil Supply Losses from Hurricane Ida Reach 30 Million Barrels, Impacting Gas Prices

The Center Square

Hurricane Ida has already caused oil supply losses of 30 million barrels, the International Energy Agency (IEA) reports, resulting in the first decline in global oil supply in five months.

Hurricane Ida shut in 1.7 million barrels per day of oil production in the Gulf at the end of August, “with potential supply losses from the storm approaching 30 mb. An uptrend in supply should resume in October as OPEC+ continues to unwind cuts, outages are resolved and as other producers increase,” the agency stated in its September Oil Market report.

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‘Pathetic’: U.S. Energy Supporters Blast Biden Administration’s OPEC Request

The Center Square

With gasoline prices up more than $1 a gallon over the past year, the Biden administration took heat Wednesday over a statement from National Security Advisor Jake Sullivan pressuring OPEC nations to increase oil production.

“Higher gasoline costs, if left unchecked, risk harming the ongoing global recovery. The price of crude oil has been higher than it was at the end of 2019, before the onset of the pandemic,” Sullivan said. “While OPEC+ recently agreed to production increases, these increases will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022. At a critical moment in the global recovery, this is simply not enough.”

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Commentary: Democrats Brace for Inflation Attacks During August Recess

Virginia Star Staff

Iowa Rep. Cindy Axne, one of the most vulnerable Democratic incumbents heading toward the 2022 midterm elections, spent an early July afternoon talking to constituents’ from the cool environs of an ice cream shop in her district when the discussion suddenly heated up.

“I just wanted to ask, are you concerned about the rising gas prices and the rise in the cost of consumer goods here in Iowa and in America?” one constituent asked.

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