According 2 press Pres Biden / WH continues to meet w Big Oil to solve rising gas prices but NO mention of biofuels which are better for environment + lower gas prices + create jobs in USA Is Pres Biden going to keep his campaign promise to Iowans to support ethanol???
OIL MARKET: @IEA says on its monthly market report that "ongoing energy crisis" will boost oil demand by 500,000 b/d over next 6 months as record gas, coal, and electricity prices trigger fuel switching. Global oil demand in 2022 to rise to a record high, by the way | #OOTT
Commodity price increases over the last year... Heating Oil: +117% WTI Crude: +105% Brent Crude +100% Gasoline: +98% Coffee: +95% Natural Gas: +91% Aluminum: +67% Lumber: +63% Cotton: +56% Sugar: +45% Copper: +41% Corn: +34% Wheat: +24% Soybeans: +16% Gold: -9% Silver: -11%
big surge in global crude prices could be headwind for our markets. brent crude now almost at 84$/bbl highest level since 2014 energy crisis across europe and asia is causing big spike in commodities including crude, natural gas and coal.
Why are gas prices rising in PA?
Gas prices have increased nationwide as oil prices reach a seven-year high. YORK, Pa. — When it comes to gasoline, Central Pennsylvanians are feeling the pinch at the pumps. ... Experts say the reason for the surge is due to increasing oil prices as last week they surpassed $80 per barrel, the highest in seven years. FOX43.comGas prices are surging statewide, experts advise to prepare to spend more