Free Republic

The USA has called for Ukraine not to attack Russian refineries despite Russia's widespread offensive against several energy facilities in Ukraine. The Department of Defense has warned that such an attack could bring another spike in fuel prices worldwide. Michaelo Podoliak, advisor to Ukrainian president Volodymyr Zelenskyy, claimed that such facilities were legitimate military targets. In a recent interview, he also claimed that such an attack was not only legitimate but desirable on a worldwide level in order to weaken Russia's hold on the energy lobby. “Ukraine must destroy Russia's refineries. They have no impact on worldwide pricing, and are...

Reporting from Western New York: gas price at my local gas station jumped $0.13 in the last 24 hours. I've never seen a hike that fast. Is anyone else seeing the same thing? I already see gold prices shooting up. Is this gas price? Starting to catch up to it now?

Inflation ticked higher once again in March, with consumer prices up 0.4 percent over the previous month and 3.5 percent compared to one year earlier. The latest data marks the third month in a row that the consumer price index (CPI), a closely watched gauge of inflation, has come in hotter than expected, likely throwing cold water on hopes that the Federal Reserve would begin cutting interest rates soon.

It's nationwide knowledge that in early May the Colonial Pipeline company suffered a severe cyberattack that shut down its pipeline connecting Texas to the East Coast. On June 1, JBS Foods suffered another crippling cyberattack. According to industry estimates, JBS controls 20 percent of the slaughtering capacity for American cattle and hogs. The JBS attack also generated headlines. The FBI and security officials believe two criminal organizations conducted the attacks. Their names sound a bit like those of the sinister super gangs found in James Bond novels. However, these gangs aren't fiction nor are their crimes. A crime group called...

US Central Command conducting seven strikes in Yemen... About 30 rockets fired into Northern Israel from Lebanon... At the gas pumps here in the York, Pennsylvania area a 16 cent per gallon price hike... Tonight the Special Counsel report regarding Joe Biden and removal of classified documents to his personal residences...Biden taking reporters questions saying "my memory is fine" among other... Tucker Carlson Interview With Vladimir Putin features history of Russia and Ukraine to explain the context of the conflict...Mr. Carlson challenged Mr. Putin regarding ... Tucker Carlson met both Tara Reade and Edward Snowden when he was in Moscow......

Yesterday, we noted a hawkish Joe Scarborough calling for an aggressive response against Iran for the drone attack that killed three US soldiers and killed dozens of others in Jordan. Jen Palmieri, Obama's former Communications Director and another Morning Joe regular gave away the game, putting things in bald political terms. Scarborough asked, "What's the administration's problem with going in and taking out some of their oil infrastructure?"Responded Palmieri: "Higher gas prices."Scarborough: "I don't care. Dead Americans." Palmieri: "Anytime you're doing anything that's going to mess with oil markets, higher gas prices are -- can be an existential threat to...

Biden seeks to all but end an oil and gas leasing program.. ... during his first 19 months in office, Joe Biden leased fewer federal lands for oil and gas development than only one since the end of World War II. ... Last month, in a throwback to the days of Harry Truman, Biden released his statutorily required five-year OCS leasing plan, which all but ends the OCS oil and gas program. Following President Trump’s planned eleven OCS lease sales, Biden proposed only three, one each in 2025, 2027, and 2029. Biden wanted even fewer sales; .. blaming the courts...

As the global oil market focuses its attention on the oil-supply risks tied to the war between Israel and Hamas, U.S. production has climbed to its highest level on record and it's expected to continue its rise next year. That's a "testament to the ingenuity of the U.S. oil-and-gas industry," said Phil Flynn, senior market analyst at The Price Futures Group. The industry has faced a "harsher regulatory environment" under the Biden administration, which has plans for three oil and gas lease sales over the next five years. That would be the smallest number of lease sales offered in U.S....

Bidenomics = High mortgage rates, high inflation rates, collapsed banks, expensive groceries, record high rent, and dwindling retirement accounts. The Federal Reserve on Wednesday paused rate hikes. The Fed kept the benchmark rate in the range of 5.25% to 5.50%. For now. “We’re prepared to raise rates further, if appropriate, and we intend to hold policy at a restrictive level until we’re confident that inflation is moving down sustainably toward our objective,” Chairman Jerome Powell told reporters on Wednesday. ... Despite what Jerome Powell said, inflation is not cooling. The Biden Regime relies on lies and voodoo math when it...

The rising gas prices are causing a familiar concern for Americans as they approach the $4.00 mark once again, reminiscent of the situation in August 2022. However, a key difference is that back in August 2022, the US Strategic Petroleum Reserves (SPR) had 100 million more barrels of oil in its arsenal, providing a cushion against price spikes. Similarly, in March 2022, gas prices had breached the $4.00 threshold, but back then, the SPR boasted an even more substantial 220 million additional barrels of oil, offering a sense of stability. Fast forward to the present, and we’re grappling with a...

Could higher gas prices actually be a beneficial factor in the Federal Reserve's fight against inflation? Yahoo Finance Reporter Josh Schafer breaks down the impact gas prices could have on headline and core CPI (Consumer Price Index) data over the next several months and what it means for the economy.

The tone-deaf hacks at The New York Times treated an expected spike in inflation as a problem because … Republicans could potentially pounce on the development to criticize President Joe Biden. Yes, the leftist rag actually did that. The Bureau of Labor Statistics (BLS) released a report Sept. 13 at 8:30 a.m. showing that inflation came in hotter than expected in August with a 3.7 percent spike year-over-year. A glaring statistic showed that gas prices spiked a whopping 10.6 percent in August, significantly contributing to the overall inflation rate. Times White House Correspondent Jim Tankersley attempted to get in front...

U.S. gasoline prices are headed higher in the nation’s corn belt, and could rise by as much as $1 per gallon at some gas stations, the head of petroleum analysis at GasBuddy warned on Thursday. GasBuddy’s Patric DeHaan implored the EPA to issue fuel waivers ASAP, as the wholesale price of gasoline spikes in Oklahoma, Missouri, South Dakota, North Dakota, Nebraska, Montana, and Kansas. “ALERT: #GasPrices will likely rise 25-75c/gal in OK, MO, SD, ND, NE, MN and KS over the next few days. Some stations may go up closer to $1/gal as the wholesale price of gasoline is spiking...

The Biden administration’s war on the ability of American Indians and tribal nations to develop their energy resources is finally receiving the probing attention it deserves, resulting in an aggressive pushback from American Indians and tribal leaders. The tipping point came last month when Biden’s Department of the Interior announced a 20-year moratorium on new oil and gas leases on 350,000 acres of federal land within 10 miles of Chaco Culture National Historic Park in northwestern New Mexico. Navajo Nation, which earlier withdrew its support for a 5-mile park buffer due to the economic cost to tribal members, had lobbied...

What is Bidenomics? It isn’t what Press Secretary Karine Jean Pierre thinks. She said Biden hates “trick down economics”. Instead, Biden prefers a Soviet-style command economy where The Federal Government spends trillions of dollars and directs where the money goes. We also have the Socialist Federal Reserve that relies on rate manipulation to achieve policy results. A good example of Biden’s Soviet-style “Bidenomics” is his use of the Strategic Petroleum Reserve (SPR). Biden has now drained almost 50% of the SPR from when he was sworn in as President. And has drained the SPR for 14 straigth weeks to manipulate...

The average gallon of regular gas costs $4.98 in Washington state as of June 30, more than $1.00 higher than the national average For the first time ever, Washington is the most expensive state in the country to buy gas and a new policy aimed at protecting the environment is a big reason why. n January, Washington began a program aimed at limiting carbon emissions that requires fuel suppliers to either cut their greenhouse gasses or pay a price, but some fuel suppliers are passing along their increased costs to customers. The average gallon of regular gas currently costs $4.98...

I live in Yakima, Washington. I just want to thank Jay Inslee, the Democrats and Rinos in the Legislature and all those liberals who voted for these imbeciles for passing Cap and Trade.In the last month or so, gas prices, here, have increased a dollar a gallon.I would greatly appreciate it if they all would shout from the rooftops how great their votes and policies are benefiting all of us. Thank you for your caring. (Sarcasm)

Evacuations and shelter-in-place orders were in effect for residents and businesses around an oil industry tank farm in Louisiana after part of it erupted in flames Saturday, producing a plume near the Lake Charles area. It wasn't clear what sparked the blaze at Calcasieu Refining Co. No injuries have been reported. The refinery did not answer phone calls seeking comment. Mandatory evacuations were in effect for those as far as a 1.5 miles from the tank farm; outer boundaries of a shelter-in-place order have been reduced from 5 miles to 3 miles, according to the Lake Charles Fire Department. In...

A new poll out from Richard Baris shows that Trump is undoubtedly in the lead in the 2024 presidential race in the Rust Belt states. Trump leads the GOP primary field with 67.5 percent, and DeSantis comes in a distant second at 17.1 percent. Trump also leads President Biden in the poll, showing that likely voters prefer Trump to Biden 46.9 to 38.1 percent. Among those likely voters who were polled, 7.5 percent say they would opt for a third party candidate, and 7.4 percent are not yet decided. If DeSantis were to be the nominee, according to likely voters,...

When it comes to gas prices, there has been plenty to complain about since Old Joe Biden began his president act. There have also been numerous indications that aside from the alleged president’s fact-free boasting, the Biden regime actually likes high gas prices, as they help them push their green agenda. Another sign of the regime’s actual view of rising gas prices came when Old Joe tabbed Jared Bernstein to be chairman of the Council of Economic Advisers. Like you and me, Bernstein has complained about gas prices. But unlike us, Bernstein thinks they’re too low.The Washington Free Beacon reported...