The shortage could disrupt supply chains National Economic Council Director Brian Deese described the 25 days of diesel supply as “unacceptably low.“ The advisor to President Biden stated that…
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OPEC+ is Reducing Oil Production
U.S. gas prices are expected to go up. OPEC+ announced plans to cut output of 2 million barrels per day beginning in November. The coalition, which includes OPEC,…
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Treasury Finds Gas Prices Improved with SPR Releases
Officials estimate fuel releases kept prices 20 to 40 cents lower. The Department of the Treasury released calculations this past week that estimate tapping into the Strategic Petroleum…
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Federal Gas Tax Suspension Under Consideration
Crude oil prices are at a seven-year high. In an effort to ameliorate rising prices, the White House and some congressional leaders are weighing a pause on federal…
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White House Faults Meat Industry Over Inflation
Say rising prices is the result of industrial greed. Since October 2020, the prices of meat, poultry, and fish have all risen almost 12 percent, according to the…
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More Aid Still Needed, Say White House Economists
Economy is in crisis, she says. Heather Bousley, a member of the White House Council of Economic Advisers said the U.S. economy needs more aid to ensure a…
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