Average national gas price

Share to Twitter Share to Linkedin Asked recently by an Arizona television news anchor to comment on the continuing controversy surrounding the Biden administration efforts to restrict or ban the use of gas stoves in the home, Energy Secretary Jennifer Granholm said , “That is so ridiculous, that story. Because, it sounds like government’s coming in to take your stuff. That is so not true. That is just not true.” In almost her next breath, though, Granholm went on to perpetuate the supposed science connecting the use of gas stoves to childhood asthma, a claim that simply has not been established. That was on January 23. Just nine days later, on February 1, Granholm’s Department of Energy beat the Consumer Products Safety Commission (CPSC) to the regulatory punch, proposing a new regulation governing home energy consumption, which seeks to diminish the use of, you guessed it, gas stoves in the home. Thus we see the Biden administration just cannot … [Read more...] about Biden Officials Just Can’t Keep Their Hands Off Your Gas Stoves

Share to Twitter Share to Linkedin Bitcoin BTC has leveled off since its July rally that saw its price convincingly climb over $20,000— even as the market braces for an earthquake that's "getting closer by the day." Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market crash The bitcoin price, still down almost 70% from its all-time high as lawmakers mull bitcoin's future , is still reeling from various crypto industry collapses that have triggered serious warnings some other major cryptocurrencies could fail . Now, the bitcoin and crypto market is closely watching for the next U.S. consumer price index (CPI) print, due Wednesday, which could mean the Federal Reserve scales back its planned interest rate hike at its September meeting. Want to stay ahead of the market and understand the latest crypto news? Sign up now for the free CryptoCodex — A … [Read more...] about ‘A Positive Catalyst’—Bitcoin Price Now Poised For A Huge $180 Billion Fed Bombshell

Share to Twitter Share to Linkedin While consumers feel the continued squeeze of inflationary pricing, the outlook for Valentine’s Day spending seems optimistic. Consumers are expected to spend $25.9 billion on Valentine’s Day in 2023, up 8% over last year. The National Retail Federation and Prosper Insights & Analytics revealed that spending this year will be one of the highest numbers on record for the February holiday. “This year, as consumers embrace spending on friends and loved ones, retailers are ready to help customers celebrate Valentine’s Day with memorable gifts at affordable prices,” stated NRF President and CEO Matthew Shay. The NRF survey of 7,616 U.S. adult consumers also showed that even among those who don’t plan to celebrate Valentine’s Day, 28% will still mark the occasion somehow. They may treat themselves to something special, plan a get-together or evening out with single friends and family members. Budget-conscious … [Read more...] about Cupid Is Not Fretting Over Higher Prices For Valentine’s Day

Share to Twitter Share to Linkedin Hyundai Motor reveals its new FE Fuel Cell Concept, indicating the design direction for the ... [+] automaker's new fuel cell car, due out next year. JUNG YEON-JE/AFP/Getty Images Hyundai Motor announced last week that it will try to reclaim its early leadership in hydrogen fuel-cell vehicles by releasing a new fuel-cell SUV next year with an industry-best range of 500 miles. Corporate cousin Kia will produce its own fuel-cell vehicle by 2020, the Korean automaker said. The new hydrogen car is part of Hyundai’s plans to put 14 more eco-friendly vehicles on the road by 2020. The question now is: Can any automaker get consumers to care about fuel-cell cars? Hyundai began its fuel-cell program in 1999 and stuck with it as other automakers waned or dropped out and was the first to start assembly-line production of a fuel-cell vehicle – the Tucson Fuel Cell – in 2013. But a lack of hydrogen fueling stations – … [Read more...] about It’s A Gas: Hyundai Hopes To Regain Hydrogen Leadership With Futuristic New SUV

Metro Denver home and condo sales fell sharply in January and properties as a group traded hands for prices slightly below those received a year earlier, according to an update Friday from the Denver Metro Association of Realtors . Buyers closed on 2,041 homes and condos last month, a drop off from the 2,884 sold in December and the 3,072 sold in January 2021. The last time metro Denver saw such a weak start to a year was in 2012 when 2,193 homes and condos were sold. January’s sales volume, a measure of the number of homes sold times price, was down 31.7% this year, the weakest showing since January 2016, which will put pressure on the commissions that agents and brokerages can earn. But pending sales, a measure of future demand, rose sharply last month. Mortgage rates stabilized enough to bring buyers back into the market and generate more competitive bidding situations, said Libby Levinson-Katz, head of the DMAR Market Trends Committee which put together the report. … [Read more...] about A year’s worth of home price gains slip, sliding away in metro Denver

Combines harvest wheat in a field in the Rostov Region, Russia July 7, 2022. REUTERS/Sergey Pivovarov//File photo ROME  – World food prices fell in January for a 10th consecutive month, and are now down some 18 percent from a record high hit last March following Russia’s invasion of Ukraine, the United Nations food agency said on Friday. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 131.2 points last month against 132.2 for December. It was the lowest reading since September 2021. The December figure was revised down from an original estimate of 132.4. Falls in the prices of vegetable oils, dairy and sugar helped pull down the index, while cereals and meat remained largely stable, the FAO said. In separate cereal supply and demand estimates on Friday, the FAO raised its forecast for global cereal production in 2022 to 2.765 billion tons from a previous estimate of 2.756 billion tons. The FAO … [Read more...] about World food prices decline for 10th month running in January, says FAO

Share to Twitter Share to Linkedin Exxon Mobil reported a record profit for 2022. Other energy companies are also expected to do well on the back of high prices and strong demand. During the third quarter, gurus loaded up on Chevron CVX , Valvoline VVV , ConocoPhillips COP , Occidental and Halliburton HAL . Bolstered by high prices and soaring demand, oil and gas majors are expected to break their annual earnings records. On Tuesday, Exxon Mobil Corp. ( XOM , Financial ) did just that when it posted a $56 billion profit for 2022. According to Reuters, this not only set a company record, but was a historic high for the Western oil industry. The Irving, Texas-based company’s previous record, from 2008, was a $45.2 billion net profit, when oil hit $142 per barrel. Despite earnings taking a $1.3 billion hit from a European Union windfall tax and asset impairments, last year’s earnings also got a boost from cost cuts that were … [Read more...] about 5 Energy Stocks Gurus Are Drilling Into

Bret Kugelmass of Last Energy aims to build his first ten inexpensive, off-the-shelf fission reactors in eastern Europe. An hour west of Houston, where suburban sprawl surrenders to cow pasture, sits a cavernous industrial workshop in which welders and pipe fitters assemble equipment bound for oil refineries and drilling platforms in the Gulf of Mexico. “These guys have been working for decades to modularize components for high pressures and temperatures,” says Bret Kugelmass, 36, the founder and CEO of Washington, D.C.-based Last Energy. That’s why he came here, to VGas LLC, when he wanted a prototype of the small, modular nuclear fission reactors he’s betting could play a big role in cutting down on fossil fuels. Based on Kugelmass’ open-sourced design and using mostly off-the-shelf components, VGas fabricated almost all the parts for a basic small light-water reactor and crammed them into nine shipping container-size modules. It took only two days to bolt them together. … [Read more...] about Inside The Audacious Plan To Use 10,000 Nuclear Microreactors To Wean The World Off Coal

Share to Twitter Share to Linkedin In late January Chevron CVX announced fourth quarter and full year 2022 results. Chevron earned a record $36.5 billion profit in 2022, more than doubling 2021 earnings. In addition, Chevron increased its quarterly dividend by 6%, and announced a $75 billion stock buyback : “The Board also authorized the repurchase of the company’s shares of common stock in an aggregate amount of $75 billion. The $75 billion authorization takes effect on April 1, 2023, and does not have a fixed expiration date. It replaces the Board’s previous repurchase authorization of $25 billion from January 2019, which will terminate on March 31, 2023, after the completion of the company’s repurchases in the first quarter 2023.” The Biden Administration Responds This stock buyback announcement got immediate attention from the Biden Administration. In a series of tweets, White House spokesperson Abdullah Hasan wrote: and … [Read more...] about If Chevron Can Sell Shares, Why Can’t They Buy Them Back?

Share to Twitter Share to Linkedin Climate advocates are asking themselves whether the globe can hit its net-zero targets when the developing nations rely on coal to fuel their energy needs. While China and India power their economies mainly using coal, the Asian giants are committed to using far cleaner electricity and ultimately becoming carbon neutral. These are not platitudes meant to quell the developed nations. Achieving net zero is a must — to improve living conditions while reducing climate emergencies and attracting multinational corporations. Asia will remain the world’s biggest consumer of coal, but Bloomberg New Energy Finance predicts it will peak there in 2027. After that, renewables will eat into its market share. “The central government sets the overall direction, and the state governments implement it,” says Rajiv Ranjan Mishra, co-chair Confederation of Indian Industry National Committee. “In this system, we often go two steps forward … [Read more...] about India Commits To Aggressive Climate Action With International Financing