Energy Prices

Bank of America Forecasts a Recession This Year With Economy Shrinking 1.4%

Bank of America has downgraded its expectations for the economy this year to include a “mild recession.”

Just 11% Of Americans Blame Putin for High Energy Prices

President Joe Biden’s attempts to convince the American people that Russian leader Vladimir Putin is responsible for high gas prices and inflation has failed, polling data released Tuesday showed.

Yellen Says High Inflation Will Stick Around All Year

Treasury Secretary Janet Yellen said Sunday that high inflation would persist for the remainder of 2022 and that, while she expects the U.S. economy...

Public Opinion on Ukraine Shifts as Europeans Back Immediate Peace Over a Resounding Russian Defeat

Europeans are divided between those who want the war in Ukraine to end as soon as possible, even if that means giving concessions to Russia, and others who believe Russia must be clearly defeated and punished.

Here’s Where Inflation Is Taking the Biggest Bite Out of Americans’ Wallets

The Consumer Price Index (CPI) reached its highest rate in over 40 years in May, adding more strain on U.S. household budgets.

Global Economy in Worst Shape Since WWII

The global economy is facing “its biggest test since the Second World War”, the managing director of the International Monetary Fund said at the start of the World Economic Forum in Davos.

Big Cities’ Climate Lawsuits Against Big Oil Scrutinized

A recent wave of government climate change lawsuits against oil and gas firms may prove deeply harmful, actually inhibiting the growth of new, greener technologies by diverting resources that would otherwise fuel innovation

$10-Gallon Gas Expected in Washington

Gas stations statewide are reprogramming pumps for double-digit prices.

Biden Admin Cancels Oil, Gas Drilling Leases Amid Record-High Fuel Prices

The Biden administration made another decision on Thursday that is sure to upset tens of millions of drivers suffering under record-high gas and diesel prices.

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