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energy

US gas price hits $4 a gallon, highest since 2022

US gas price hits $4 a gallon, highest since 2022

The average price of gasoline at US pumps has soared past $4 a gallon, the American Automobile Association (AAA) reported Tuesday, the highest for nearly four years on the back of the Iran war. Spiking gas prices, up from less than $3 at the end of February, represent the latest

Middle East war: global economic fallout

Middle East war: global economic fallout

Here are the latest economic events in the Middle East war: - Oil prices rise - Oil prices sank and most stocks rose Tuesday, following a Wall Street Journal report that indicated Donald Trump was willing to end the Iran war even if the key Strait of Hormuz remained closed. Market experts

Cubans ready for Russian oil but some say not enough

Cubans ready for Russian oil but some say not enough

Cubans on Monday cautiously welcomed the imminent arrival of a Russian oil shipment, with some warning it would do little to ease an energy crisis after US President Donald Trump granted a reprieve from his oil blockade. The Anatoly Kolodkin, a tanker under US sanctions carrying 730,000 barrels of

Tiffany joins Wisconsin lawmakers' fight to end vehicle emissions testing

(The Center Square) – Wisconsin congressman and candidate for governor Tom Tiffany said Monday that he plans to work with the federal Environmental Protection Agency in an effort to change Clean Air Act rules and end emissions testing in Wisconsin, calling the program both costly and ineffective. The proposal was brought

Australia to halve fuel tax in response to Middle East war

Australia to halve fuel tax in response to Middle East war

Australia will halve a fuel tax to help motorists experiencing soaring petrol prices due to war in the Middle East, Prime Minister Anthony Albanese said Monday. Albanese announced the step after meeting with the leaders of Australia's states and territories on Monday, agreeing a plan to tackle fuel

Philippines oil refinery secures 2.5 mn barrels of Russian crude

Philippines oil refinery secures 2.5 mn barrels of Russian crude

The Philippines' sole oil refinery has secured nearly 2.5 million barrels of Russian crude out of "extreme necessity", a stock exchange filing revealed Monday, as the country seeks to replenish fast-dwindling fuel reserves. The Philippines has seen the price of fuel hit historic highs since

Trump says Russia can deliver oil to Cuba

Trump says Russia can deliver oil to Cuba

US President Donald Trump said Sunday that Moscow could send oil to Cuba despite Washington's de facto fuel blockade, as a Russian tanker was expected to deliver some much-needed crude to the crisis-hit island. While the shipment would give the country some relief, Trump renewed his