The U.S. Securities and Exchange Commission (SEC) delayed completion of its review of SkyBridge Capital's application for a Bitcoin exchange traded fund to late August. Gasoline prices have jumped about 40% since the first of the year and are likely to go higher.
Congress Republicans may use increasing prices in the U.S. to flip House and Senate seats in the 2022 midterm elections, despite economists saying the inflation is a temporary consequence of the pandemic rather than a consequence of increased Democratic spending.
The former president blamed his successor's policies for increased fuel costs ahead of a major holiday weekend marking the start of summer travel.
While the company said that the newest shutdown wasn't related to another ransomware attack, consumers remain scared of continued shortages.
At least one gas station was charging $6.99 for a gallon of gas amid shortages and some panic buying.
A gas station in Virginia was reported by local media to be drastically—and illegally—increasing prices at its pumps.
The governors of Virginia, Florida, North Carolina and Georgia have declared states of emergency Tuesday night, as motorists along the Eastern Seaboard wait in long lines trying to buy high-priced gas during a fuel shortage experts warn is being caused by panic buying.
Governor Brian Kemp declared a state of emergency as a direct result of the petroleum shortage caused by last week's cyberattack on the Colonial Pipeline.
The Colonial Pipeline being forced to close has also resulted in widespread fuel shortages, particularly at stations along the East Coast.
Panic buying or hoarding of gasoline could prolong any price hikes, according to GasBuddy, which tracks over 150,000 gas stations in North America.
"Areas including Mississippi, Tennessee and the east coast from Georgia into Delaware are most likely to experience limited fuel availability and price increases, as early as this week," the American Automobile Association said on Monday.
"Bitcoin's growth can be explained by simple economics," Jason Deane, an analyst at London's Quantum Economics told Newsweek. "Since the supply side of the equation is fixed and demand continues to increase, the result is predictable and obvious."
U.S. energy trading experts said Monday's first-ever oil futures crash below $0 does not mean that Americans will suddenly be paid to fill up their cars' gas tanks.
After the attack on Saudi oil facilities on Saturday, it is likely U.S. consumers will see a 10 to 25 cent increase per gallon for gas as early as Tuesday.
The U.S. sanctioned the Venezuelan state-owned oil and gas company PDVSA, which is Venezuela's biggest source of revenue.
Oil prices have dropped significantly, with the U.S. benchmark price dipping below $60 per barrel.
Drivers wary of escalating cost of travel as national gas price average already at highest for years.
Remember when oil prices were $140 a barrel and it was predicted they would reach $200? Now, oil prices are $34.
Arab oil ministers meeting in Vienna on June 5 must confront the devastating consequences of the war in their midst.
"The inventory levels are actually getting scary," a commodity strategist says.
The data could allow a cautious Federal Reserve more room to hold off on raising interest rates.