Amid International Tension and Gas Prices Creeping Higher B HEAD TOPICS

Amid International Tension and Gas Prices Creeping Higher B

10/21/2022 6:00:00 PM

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STORY OF THE WEEK: President Joe Biden announced the sale of more U.S. oil from reserves this week and signaled a willingness to sell more, in an attempt to calm oil market uncertainty and keep U.S. gas prices from rising higher. Interested in getting next week s story and other AllSides newsletters in your Snippets from the Left  CNN (analysis)"Wednesday’s announcement of the sale – which amounts to less oil than the US uses in a single day – comes less than three weeks before Election Day, marking the latest step in the White House’s unprecedented attempt to balance global oil markets. The action is expected to fulfill the administration’s commitment in March to release a historic 180 million barrels from the SPR over a six-month period to counter soaring energy prices triggered by Russia’s invasion of Ukraine." Read more:
AllSides » Grab a blanket: Heating costs to soar this winter Biden releases 15 million barrels from oil reserve as critics slam it as midterm ruse Biden releases 15 million barrels from oil reserve as critics slam it as midterm ploy Pfizer will start charging $110-$130 a dose for COVID vaccines next year

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CNN News, delivered. Select from our newsletters below and enter your email to subscribe. Read more >> Grab a blanket: Heating costs to soar this winterOhioans will be seeing much higher heating bills this winter, a result of soaring natural gas prices and forecasts for a colder than usual season. Thanks to Biden and his policies Let’s go Brandon! I bought a plush heated blanket and wish I’d done it sooner. Biden releases 15 million barrels from oil reserve as critics slam it as midterm ruseWhite House officials told reporters that higher than usual corporate profits explain roughly 60 cents of current gas prices per gallon. Our poor country Reserve became Biden's salvation Biden himself said inflation was 2% so why? Biden releases 15 million barrels from oil reserve as critics slam it as midterm ployWhite House officials told reporters that higher than usual corporate profits explain roughly 60 cents of current gas prices per gallon. NYP never fails to prove daily it’s a rag. Again. If war breaks out in this country, we are doomed. We do not even have a months' worth of diesel left. Pfizer will start charging $110-$130 a dose for COVID vaccines next yearPfizer plans to charge $110 to $130 per dose for its COVID-19 vaccine once government purchases end next year. Americans are enthusiastic about being literal property of big pharmaceutical companies and paypigs to their government. This is the end times. Phizer needs to adopt a Costco style return policy And in Australia, we'll still be paying nothing. America needs a revolution. GasBuddy predicts relief at the pump over the next few weeksThe average price per gallon fell 5.4 cents from last week to $3.86 per gallon Thursday, according to GasBuddy. What’s the national average tho? About these ads Snippets from the Left   CNN (analysis) "Wednesday’s announcement of the sale – which amounts to less oil than the US uses in a single day – comes less than three weeks before Election Day, marking the latest step in the White House’s unprecedented attempt to balance global oil markets.provides customers with a one-time payment sent directly to their account.announced the release of 15 million more barrels of oil from the Strategic Petroleum Reserve Wednesday — before ripping critics who accused him of a desperate ploy to drive down gas prices temporarily right before next month’s midterm elections.announced the release  of another 15 million barrels of oil from the Strategic Petroleum Reserve Wednesday — before denying that it’s a desperate ploy to drive down gas prices temporarily right before next month’s midterm elections. The action is expected to fulfill the administration’s commitment in March to release a historic 180 million barrels from the SPR over a six-month period to counter soaring energy prices triggered by Russia’s invasion of Ukraine." Washington Post (analysis) "This offers a warning for Democrats. WarmChoice The WarmChoice program provides income-qualified Columbia Gas customers and renters a free home energy assessment. Gas prices are trending back up, just as we hit the three-week mark from the election.” It’s unclear why Biden said “four months” — as he oil released from the reserve nearly seven months ago. There’s a reason the Biden administration wants OPEC to kick out its planned production cut for a month. HeatShare Salvation Army-administered program offers customers help paying their gas bill. His team is certainly aware of how these numbers have been moving, too.” “Look, it makes sense,” Biden said. " Snippets from the Center   The Hill "The president also outlined plans to refill the reserve by buying more oil once prices fall to $70 a barrel. For eligible customers, the Percentage of Income Payment Plan Plus allows them to pay 6 percent of their monthly household income for gas service each month, with a minimum payment of $10. Biden delivers remarks on energy at Secretary of Energy Jennifer Granholm and Special Presidential Coordinator Amos Hochstein listen on Oct. And he reiterated the need for oil companies to pass savings onto consumers at a time when major refiners and producers are seeing massive profits." Forbes (opinion) "What if a real national emergency did arise in the days or weeks to come? The President boasted during his press appearance yesterday of the fact that the SPR still contains 400 million barrels, which he claims is 'more than enough' to deal with any foreseeable emergency. Grants are dispersed on a first-come, first-serve basis to eligible applicants while funding is available. But is it really?" . “It’s motivated to make sure that I continue to push on what I’ve been pushing on.