marketcrash
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fuel prices
04/15/2022
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By Mary Villareal
EU looking at embargo on Russian oil products, potentially causing another supply chain catastrophe
European officials are now drafting plans for an embargo on Russian oil products, the most contested measure yet in punishing Russia for its invasion of Ukraine. After banning Russian coal – a move that sent coal prices around the globe at all-time highs – the European Union (E.U.) is now likely to adopt a similar […]
03/29/2022
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By JD Heyes
Analysis warns that ongoing Western sanctions against Russia will lead to hyperinflation
An analysis of the West’s sanctions against Russia that was published last week is warning that the longer they continue, the better the chances the world will experience a cycle of hyperinflation that will lead to widespread food insecurity and massive unrest. The analytical report, published on Doug Casey’s International Man website, begins by noting […]
03/25/2022
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By Arsenio Toledo
Philippine President Rodrigo Duterte threatens to RATION gasoline as fuel prices continue to surge
Philippine President Rodrigo Duterte warned in an address that he may start rationing gasoline supplies as a way to deal with the skyrocketing price of fuel. In a pre-recorded address released on Tuesday, March 22, Duterte reminisced about his childhood, when fuel rationing was a lot more common because of limited supplies. He warned that this […]
03/23/2022
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By Arsenio Toledo
Los Angeles first major city in the country to reach average gas price of $6 per gallon
Los Angeles on Tuesday, March 22, became the first major city in the United States to have an average gas price of over $6 per gallon. Patrick De Haan, head of petroleum analysis for Boston-based fuel price assessment company GasBuddy, broke the story that Los Angeles was the first big city in America to breach […]
03/17/2022
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By Arsenio Toledo
Russian sanctions and oil embargoes to cause world’s biggest oil supply crisis by next month
The International Energy Agency (IEA) warned that the massive drop in oil exports from Russia will lead to a catastrophic reduction in the global oil supply, which consumers are already feeling and will be reeling from by next month. The Russian invasion of Ukraine led to economic sanctions and embargoes from many nations all over […]
03/16/2022
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By Cassie B.
Price increases are hitting farmers hard across the US and the world
Russia’s attack on Ukraine is having economic effects throughout the world, but farmers are among the parties being hardest hit by price increases as a result of the ongoing conflict. The invasion comes as inflation and supply chain issues were already making life difficult for farmers. The president of the Indiana Farm Bureau, Randy Kron, […]
03/08/2022
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By Arsenio Toledo
US crude oil surges to 13-year high of $130 a barrel as Russia-Ukraine war escalates
As oil buyers and investors race to replace Russian crude oil, its price has surged to a 13-year high of $130 a barrel. Right around when the Russian invasion of Ukraine began, the price of oil went above $100 a barrel for the first time since 2014. Since then, the price of oil has skyrocketed even […]
03/01/2022
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By Arsenio Toledo
Ongoing Russia-Ukraine conflict pushing global economy closer to collapse
The ongoing conflict between Russia and Ukraine is causing dire ramifications not just for their economies, but for the world’s as well. The economy of the United States is also getting affected. World stocks are already tumbling, while oil prices are soaring as the Russian invasion of Ukraine continues and most Western nations ramp up […]
02/24/2022
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By Arsenio Toledo
State and federal regulations cause gas prices to surge in California
Californians were left reeling on Wednesday, February 23, as gas prices surged all over the state – with parts of Los Angeles being forced to pay upwards of $6 per gallon. The national average price of regular gasoline was at $3.53 on Tuesday, up 21 cents from a month ago and 90 cents from more than […]
11/23/2021
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By Arsenio Toledo
Firewood sales soar all over the country as prices of other fuel sources skyrocket
More and more Americans are turning to firewood for their heating needs amid the surge in the price of fuel sources like natural gas, heating oil and propane caused by the global energy crisis. Yakelin Vigil, CEO of OC Firewood Delivery in Southern California, recently told Fox Business about the sharp increase in firewood demand this year. The […]
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