Petroleum

Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court. My fellow Americans.

The price of gasoline has risen across the United States again as experts warn that more pain could lie ahead at the pumps for Americans.

Despite the pressure from climate change activists in the federal government and the private sector to cut back on drilling for oil, the price for fossil fuels is the highest since 2014.

Gasoline prices are on track to reach a national average of $4 a gallon next year — just in time for the summer driving season, according to a new forecast.

An uptick in the price of wholesale gasoline is squeezing profits at stations that lowered prices most aggressively amid a broader falling trend nationally, with GasBuddy head petroleum analyst Patrick De Haan predicting that prices at the pump in several states will likely shoot up soon.

US President Joe Biden will apparently allow new leasing of federal lands for oil and natural-gas exploration, though with new restrictions and higher fees on producers, rather than fulfill a campaign promise to halt drilling.

Treasury yields slide as investors shed riskier assets and pile into havens.

Slapped on a gas pump next to the digital meter display, the stickers tell a simple, powerful story: Today’s gasoline prices, the highest in years, are courtesy of the commander in chief.

The White House announced Tuesday that President Joe Biden would release 50 million barrels of oil from the Strategic Petroleum Reserve.

Florida Gov. Ron DeSantis stated Nov. 22 that he would seek a $1 billion reduction in gas and fuel taxes during the next January...