"With the long-term sustainability of our Los Angeles Refinery uncertain and affected by market dynamics, we are working with leading land development firms to evaluate the future use of our unique and strategically located properties near the Port of Los Angeles," Mark Lashier, chairman and CEO of Phillips 66, said at the time of announcing the closure.
"For many self-employed individuals who rely on driving, these prices are unsustainable," Gallego wrote. "Given the significant increase in gas prices, I urge the IRS to raise the standard mileage rate at a rate that proportionately reflects gas price increases."
"California has had, I think, very poor energy policy. They've put a climate agenda ahead of reliable and affordable energy, and the consequences of that are that energy in California - any form of it - is unaffordable."
For the first time in years, Gen Z was winning. Rents had finally stopped devouring their paychecks, wages were rising faster than their housing costs, and a generation that had long trailed older Americans in spending growth was starting to actually open its wallet - on restaurants, new clothes, electronics, even travel.
Dan McTeague, a fuel analyst, stated that gas stations in the Greater Toronto Area experienced a net increase of eight cents a litre this weekend alone, which is quite devastating given the current inflationary pressures affecting various sectors.
Sometimes I feel like I'm going to get, like, heart attacks. You feel like how am I gonna survive? What should I do? Should I put more hours [in]? Should I work, like, 14, 15 hours? It's a very hard decision. Singh, who already works seven days a week, estimates he's shelling out an extra $150 to $200 monthly to be on the road in downtown Vancouver.
In the long run, it's going to help us out, because if they get nuclear weapons, you know, we might not even be here in a couple of years. I think that [Trump's] done a good job. This sentiment reflects the perspective of voters willing to accept economic costs for perceived security benefits from military action against Iran.
President Donald Trump has long fought California's efforts to curb tailpipe emissions and spur electric vehicle adoption, and last summer he blocked the state's first-in-the-nation ban on the sale of new gas-powered cars by 2035. He's also routinely criticized California's highest-in-the-nation gas prices, which are largely due to taxes and environmental regulations.
Whether California gets its oil from the Central Valley or Kuwait or Venezuela or other parts of the world, [it] doesn't matter. It still affects the price of gasoline the same because the price of all those oils goes up. The spiraling prices are primarily driven by a surge in global crude oil prices amid the war.
According to AAA, the national average gas price has jumped to $3.45 per gallon today. One week ago, the average was $2.98 per gallon - a 16% spike in a single week. For context, the all-time record average was $5.016 per gallon, set on June 22, 2022.
A spokesperson told News 12 that prices are going up because of the price of crude oil - not due to a supply chain issue. According to AAA, New Yorkers were paying the lowest price for gas in four or five years. On Monday, it was an average of about $3 a gallon in the city, which was up four cents from last week.
The cheapest day of the week to buy gasoline in California and most other states is Sunday, says a new report by gas price expert GasBuddy. The analysis released Feb. 18 was a shift from previous years' reports, in which Monday was said to be the cheapest day in most states. GasBuddy found that Sunday is the most consistently affordable day to fill up in most U.S. states 41 states while midweek, particularly Wednesday through Friday, tends to be more expensive, the report said.
Hours after a nighttime raid removed Venezuelan President Nicolas Maduro from his compound, President Trump announced that the United States would oversee the country and assume control of its oil resources. "We're going to have our very large United States oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country," Trump said.
