Did Biden Beat Oil Prices?
Crude oil prices remain at multiyear highs and could undermine U.S. economic growth. Will Strategic Petroleum Reserves be tapped?
Crude oil prices remain at multiyear highs and could undermine U.S. economic growth. Will Strategic Petroleum Reserves be tapped?
Federal estimates for the price at the pump were revised higher in a monthly energy market forecast.
The White House has been pressuring the production group to open the spigot to bring prices lower, but it was rebuffed again.
Commercial crude oil inventories in the U.S. market are below the five-year average for this time of year.
The national average price for a gallon of gas is 20 cents higher than a month ago, creating tensions in the commodities market.
McDonald’s, Taco Bell and Starbucks among chains running short, as other consumer products also disappear from shelves.
From crude oil to gasoline and natural gas, commodity prices continue to run multiyear highs.
While unemployment rate fell, economists worry not enough people are returning to work.
At least for the short-term, the recent surge in commodity prices could start to reverse, analysts said.