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Prices could continue to rise, expert says.. The average price of gas in Oregon is up to $5 per gallon again after prices spiked by nearly 40 cents in the last week. After a summer of declining prices, AAA reports that statewide prices jumped from $4.64 per gallon to $5 per gallon in the last seven days. Prices are also up 20.3 cents per gallon in the Portland-Vancouver area this week, with an average price of $4.98 per gallon, GasBuddy.com petroleum analyst Patrick De Haan noted. ... gas prices shooting up in several regions amidst myriad refinery issues from the...

Biden has released millions of barrels of oil from the country’s strategic oil reserves. While the oil has been released to stabilize global energy markets and lower the prices of gas, of late the oil reserve release has been controversial. The U.S. sold some oil to China’s Sinopec, which has been connected to Hunter Biden in the past. ... 180 million barrels of oil are to be released, which makes it the biggest drawdown on the strategic oil reserves in history. The U.S sold oil to a subsidiary of Sinopec. ... Unipec America was also awarded 0.95 million barrels of...

Sen. Ted Cruz (R-TX) proposed legislation on Wednesday that would block the United States from selling Strategic Petroleum Reserve oil to China, Russia, North Korea, and Iran as President Joe Biden has drained the SPR to the lowest level in decades, Breitbart News learned exclusively. Cruz sponsored the No Emergency Crude Oil for Foreign Adversaries Act, a bill that would block the United States from selling to adversarial nations. It permits a waiver for national security reasons and requires the Department of Energy to report the destination of exported oil from recent SPR auctions. The Texas conservative told Breitbart News...