The U.S. average for a gallon of gasoline now stands at $4.62.
oil
Posted inBusiness, Nation & World
Europeans weigh costs of cutting Russian energy over Ukraine
European Union countries import 40 percent of gas and 25 percent of oil from Russia, and the current EU timetable doesn’t foresee energy independence from Moscow for another five years.
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Posted inBusiness, Local & State
Home heating oil prices in southern Maine hit nearly $6 per gallon
With warmer weather and U.S. reserves being released, a downturn in price is expected but the timing is hard to predict.
Posted inBusiness, Nation & World
Biden shrinks U.S. land open for new oil and gas drilling
Oil industry advocates argue the U.S. can’t afford to restrict oil and gas development on federal lands and waters that provide nearly a quarter of the nation’s crude production.