You Searched For "hike in gas prices" and got 20 results
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1 min read
Russia's tax hike on the oil and gas industry will be destructive to a key piece of its economy
The G7 views the tax change as an acknowledgement from the Kremlin that it will have to continue se…
Filip De Mott
2 mins read
A bill that would set gas price limits and prevent 'exploitative' cost hikes is headed for a House vote
The legislation would enable President Joe Biden to make it illegal to increase gas and home energy…
Grace Kay
1 min read
US gas prices soar to their highest seasonal level in a decade even as the summer driving season comes to a close
The national average for a gallon of gas climbed to $3.80, notching the second-highest level ever, …
Zahra Tayeb
1 min read
Billionaire investor Bill Ackman says the Fed's fight against inflation may never end due to strikes and soaring gas prices
A recent flare-up in gas prices has fueled fears the central bank will move to raise interest rates…
George Glover
3 mins read
The Fed ramping up its intense fight against inflation this week probably won't help Americans facing skyrocketing gas and food prices
Rate hikes are the Fed's go-to tool for cooling inflation, but they have little effect on food and …
Ben Winck
1 min read
Cooking gas prices have been hiked to ₹899.50 per cylinder and it could get worse
Oil marketing companies BPCL, HPCL, IOC have raised cooking gas prices by ₹15 a cylinder. The new p…
2 mins read
Americans are buying cheaper cuts of meat, slashing subscriptions, and using vacation days to save on gas amid soaring prices, according to a new report
US shoppers are taking creative steps to cut back on bills amid soaring prices. Last month, inflati…
Grace Kay
4 mins read
Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on…
PTI
2 mins read
Global stocks slip as surging oil prices fan worries about inflation and interest rate hikes
Oil jumped to a two-month high after the EU agreed to ban most Russian imports and China eased COVI…
George Glover
2 mins read
Biden says 70% of March's record inflation was driven by 'Putin's price hike' in gasoline
Gas prices were up 18.3% in March after rising 6.6% in February, according to a report by the US De…
Kate Duffy
3 mins read
Prices for everything from gas to food to housing are rocketing higher, but the Fed's best weapon for fighting inflation might not be enough
The Fed is poised to start raising interest rates in March. Yet higher rates can't solve supply sho…
Ben Winck
1 min read
PM Modi announces ₹100 cut in LPG cylinder price
Prime Minister Narendra Modi announced a reduction of Rs 100 in cooking gas cylinder prices on Frid…
PTI
8 mins read
Why Americans won't do the one thing that would bring down high prices
People say the economy is bad and everything is too expensive, but they still spend a lot of money …
Emily Stewart
3 mins read
Biden announces ban on Russian oil and gas imports, preparing Americans for 'Putin's price hike' and rising costs at the pump
The US announced it will ban Russian energy imports, including Russian oil, liquefied natural gas, …
Grace Dean
3 mins read
Why is inflation still surging? Blame eye-popping gas prices.
In June, inflation soared to highs that even economists didn't anticipate. It's because gas is stil…
Juliana Kaplan,Madison Hoff
2 mins read
Cheaper oil and gas won't prevent a 75-basis-point hike as inflation runs rampant - and the Fed might get even more aggressive, BofA says
"We think the main takeaway from the June inflation data is that underlying price pressures remain …
Phil Rosen
2 mins read
Soaring natural gas prices on top of rate hikes by the ECB will send Europe into a deep recession by year-end, JPMorgan says
The bank estimates that for every €50/MWh increase on spot gas prices, headline inflation rises by …
Matthew Fox
1 min read
US gas prices will surge even higher thanks to shrinking stockpiles and refinery bottlenecks, Rystad Energy says
Wholesale gas prices fell this week, but the drop is only temporary, Rystad said. It expects supply…
Harry Robertson
1 min read
Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil
Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil
PTI
2 mins read
Joe Biden orders oil companies to explain why they're cutting gasoline production as prices soar above $5 a gallon
Joe Biden complained in his letter to companies including Exxon Mobil and Shell they are cutting ba…