‘Gasoline Misery Index’ Details Direct Impact of Record-High Gas Prices

The “Gasoline Misery Index” from the Metro Business Daily Network details the direct impact record-high gas prices have had on consumers across the United States.

Since President Joe Biden took office, prices of gas and other goods and services have continued to increase, as many peaked after Russia’s invasion of Ukraine.

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California May Give Up to $800 to Each Car Owner for Gas

In California, the state government is considering multiple options to provide relief for car owners who have to face the highest fuel prices in the nation, including handouts of up to $800 per person.

According to ABC News, Governor Gavin Newsom (D-Calif.) announced on Wednesday a new proposal to combat rising gas prices. In addition to giving out debit cards with as much as $400 for each vehicle, up to two vehicles per person, the proposal includes a tax break, free rides on public transit, and efforts to promote alternative methods of transportation.

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Michigan Lawmaker: Slashing Gas Sales Tax ‘a Requirement, Not an Option’

Suspension of Michigan’s 6% sales tax on gasoline through March 1, 2023 has been proposed by Senate Minority Leader Jim Ananich.

The bill is in response to record gas prices caused by inflation and international conflict that brought trade restrictions. Gas prices, less than $3 a gallon just over a year ago, have soared past $4 per gallon.

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Janet Yellen Defends Sustainable Investing Craze That’s Trying to End U.S. Oil and Gas Drilling

Treasury Secretary Janet Yellen defended sustainable investing practices and climate change policies that have negatively impacted U.S. oil and gas drilling in an interview Friday.

“I don’t think that the ESG movement and the emphasis on climate change is creating the problems that we have,” Yellen told CNBC’s “Squawk Box” on Friday morning when asked if investors need to rethink their stance on fossil fuels. “If anything, the problem is that we haven’t moved as rapidly as we should have.”

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Biden Administration Backtracks on Media Reports Signaling Oil, Gas Leasing Resumption

The Biden administration backtracked on reports that it is resuming the federal oil and gas leasing program in light of a recent appeals court decision.

On Friday, Reuters reported that the Department of the Interior (DOI), the agency tasked with overseeing the leasing program, was planning to resume the previously-delayed program. But a DOI spokesperson pushed back on the report, saying it overstated the administration’s position that it would begin planning the next steps, not that it had already resumed the program.

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Gov. Whitmer Vetoes $2.5 Billion in Tax Relief

Gov. Gretchen Whitmer vetoed a GOP bill that aimed to provide $2.5 billion in tax breaks by dropping the personal income tax rate from 4.25% to 3.9%, saying it would blow a “hole” in her $74 billion budget.

“It would force tax hikes on families or deep and painful cuts to services, hurt our children’s ability to catch up in school, force layoffs of cops and firefighters, and kneecap our ability to keep fixing crumbling roads,” Whitmer wrote in her veto letter.

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Commentary: All of Joe Biden’s Multitude of Failures Were Foreseeable in 2020

Every single one of senile president Joe Biden’s struggles was easily foreseeable.

It’s a bold statement, since many if not most of the issues that confront a new president can’t always be seen from a distance. If it can be said that elections are always about the future, it’s just as true to claim that the future would almost certainly be shaped by yet unseen events and circumstances that no politician could forthrightly discuss in the lead-up to his victory.

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Russia Reverses Gas Flow via Key Pipeline Serving Europe

Part of a key pipeline transporting natural gas from Russia to Europe suddenly reversed its flow direction Tuesday, Reuters reported.

Flows in the Yamal-Europe pipeline, which sends natural gas to Germany via Poland, were recorded going eastward away from Europe on Tuesday morning, data from the European firm Gascade showed, Reuters reported, citing data from German network operator Gascade. Flows leaving Germany were moving at a whopping 4.3 million kilowatt-hours per hour at one section of the pipeline.

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Newt Gingrich Commentary: Biden Helping Dictators and Harming Americans

When the Biden administration appeals to Iran, Venezuela, and Saudi Arabia for oil but rejects American and Canadian oil and gas production, there is something profoundly wrong.

Why does Joe Biden think dictators are better than Americans? Why send money to Iran instead of Oklahoma – or to Venezuela instead of Texas? If he wants to send money outside the United States, why not send money to Canada rather than Saudi Arabia?

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Analysis: White House Keeps Misleading Public on Oil, Gas Leasing

Oil rig at sunset/sunrise

The White House has repeatedly suggested the private sector can boost oil supply amid surging gas prices, but industry groups have countered that the administration has placed hurdles for new drilling.

“There are 9,000 unused, approved drilling permits,” White House press secretary Jen Psaki told reporters Monday. “So I would suggest you ask the oil companies why they’re not using those if there’s a desire to drill more.”

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Commentary: ‘Wokeness’ on Energy Is Weakness

As Joe Biden’s approval numbers sink further into the sewer, the only thing he’s building back better is 1970s-style inflation. Up until Biden, most polls usually named Jimmy Carter as one of the weakest and most inept presidents we’ve ever had. That was until Biden showed up and said, “Hold my beer!” Which you have to know has brought so much joy to Carter. Heck, he probably has a set of “Let’s go Brandon!” PJs that he wears every night as he thanks God for the gift of Biden. 

Fact is, this country is now being “led” by a man who absolutely will go down as one of the worst presidents in our history. In just over a year, Biden has brought inflation roaring back to levels not seen in 40 years, has destroyed our southern border as millions of illegal aliens, along with Chinese fentanyl, flood the country, and now we have been involved in two major international debacles with Afghanistan and Ukraine. The list could go on, but perhaps that’s too depressing. 

Rest assured, however, it’s not going to get better. Biden is like the anti-Midas, turning everything he touches into crap.

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Gas Prices Set to Skyrocket After Oil Soars Beyond $100 for the First Time Since 2014

The worldwide price of crude oil skyrocketed to more than $100 per barrel for the first time since 2014 as Russia launched a full-scale offensive against Ukraine.

The Brent crude index, the global oil benchmark, hit $101.66 per barrel Thursday morning, surging more than 4% overnight. The U.S. WTI index skyrocketed nearly 7% to $98.69 per barrel Thursday, its highest level since 2014.

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Commentary: Biden Is Making Russia Great Again

Under former President Donald J. Trump, for the first time in decades, the United States became a net exporter of natural gas and oil. That helped to keep global energy prices relatively low. It also gave the United States leverage over the international system in ways it had not enjoyed since before the 1970s.

Alas, the propagation of the novel coronavirus from Wuhan, China, along with the ceaseless lies of the Western “mainstream” media made such a prosperous and secure future under Trump an impossibility.

In the eight months since assuming office under a cloud of controversy, Joe Biden has done more to harm America’s inherent strategic advantages in the global energy market than any U.S. rival could have imagined. Under Biden, the United States has gone from being a net exporter of global energy to begging the Organization of Petroleum Exporting Countries (OPEC) to produce more oil for the world to consume.

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Biden Gears Up for Renewed Fight Against Oil and Gas

A federal judge has ruled the Biden administration must resume allowing oil and gas leasing on federal land and waters, but the administration is saying it will not go down without a fight.

The Biden administration said it will appeal a court ruling allowing the leases, the latest development in a months-long battle between President Joe Biden and the oil and gas industry, even as gas prices continue to rise.

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Federal Judge Orders Biden Administration to Halt Oil and Gas Leasing Ban

A federal judge ordered the federal government to halt its ban on new oil and gas leases in a major setback for President Joe Biden’s administration.

Judge Terry Doughty, of the U.S. District Court for the Western District of Louisiana, granted a preliminary injunction that had been requested by a large coalition of Republican state attorneys general in an order released Tuesday evening. The Department of Interior is prohibited from enforcing the oil and gas leasing ban until the case is concluded, according to the order.

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Gas Shortage and Price Hike Expected This Summer

A gas shortage is expected this summer not because there won’t be enough fuel but because there aren’t enough highly trained and licensed tanker drivers to transport it.

Many tanker drivers retired last year after demand for oil and gas plummeted because fewer people were traveling during the height of the pandemic. And most driving schools where new drivers could have received their training were closed due to state-mandated shutdowns. The two factors combined is resulting in a shortage of roughly 25% of tanker truck drivers needed to transport fuel, says the National Tank Truck Carriers, the trade association representing the tanker truck industry.

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California Gas Prices Reach High of $3.27 a Gallon, 66 Cents More Than National Average

California gasoline prices reached the highest they’ve been since March 9, 2020, hitting $3.27 a gallon, according to a new gasoline benchmark published by the U.S. Energy Information Administration.

California gas prices are roughly 66 cents more than average price paid by consumers nationwide.

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US Tries to Seize Iranian Gas Heading Toward Venezuela

U.S. federal prosecutors are seeking to seize four tankers sailing toward Venezuela with gasoline supplied by Iran, the latest attempt to disrupt ever-closer trade ties between the two heavily sanctioned anti-American allies.

The civil-forfeiture complaint filed late Wednesday in the District of Columbia federal court alleges that the sale was arranged by a businessman, Mahmoud Madanipour, with ties to Iran’s Revolutionary Guard Corps, a U.S.-designated foreign terrorist organization.

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Michigan Refineries Warn of Fuel Shortages and Price Increases if Line 5 Closure Continues

Shutting down the Line 5 pipeline through the Straits of Mackinac – even if only temporarily – will send adverse effects rippling throughout Michigan, other areas of the Midwest and, as well, Ontario and Quebec.

That’s according to not only Enbridge, which operates Line 5, but also the refineries that rely on the pipeline to supply the fuel provided to consumers at the fuel pump and such major customers as Detroit Metropolitan Airport.

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