Energy industry experts say Americans shouldn't expect gas prices to recede from their record highs immediately.
Energy industry reps criticize Biden administration, say Russia-Ukraine war highlights need to produce more American energy
"It's really emotions that are driving these markets. Do I think that we still have more upward mobility in pricing? Absolutely. I don't think we've seen the peak just yet," Strawbridge added. "But I think as we start to plateau, as we start to see economies cool and as we see production grow, I think we will start to see a plateau."
BIDEN'S RUSSIA OIL BAN: ENERGY INDUSTRY REPS LAUD MOVE, SAY IT'S ‘BEFUDDLING’ PRESIDENT WON'T BACK US ENERGY Oil well equipment on the Forth Berthold Indian Reservation near New Town, N.D. MHA Nation produces about a quarter of North Dakota's annual oil output.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Average San Diego County gas price hits record high for 19th time in 21 daysThe average price of a gallon of self-serve regular gasoline in San Diego County rose 10 cents Tuesday, to $5.483 — its 19th record high in the past 21 days.
Baca lebih lajut »
US gasoline soars to a record $4.17 per gallon average priceThe average price for a gallon of gasoline in the U.S. has hit a record of $4.17 as the country prepares to ban Russian oil imports.
Baca lebih lajut »
U.S. gasoline price hits all-time record high
Baca lebih lajut »
Gold Price Forecast: XAU/USD poised to set new record highs above $2,075Gold is trading in a narrow channel near $2,050. A retest of the record highs at $2,075 remains well on the cards, as the metal’s technical setup cont
Baca lebih lajut »
Gold Price Forecast: XAU/USD to post new record highs towards $2,285/2,300 – Credit SuisseGold has now surged higher. Strategists at Credit Suisse look for XAU/USD to move to a new record high, with $2285/2300 now their new core objective.
Baca lebih lajut »
US job openings at near record, adding to price pressuresU.S. businesses posted a near-record level of open jobs in January, a trend that has helped push up worker's pay and added to inflationary pressures in the U.S. economy. Employers posted 11.3 million jobs at the end of January, down slightly from a record of 11.4 million in December, the Labor Department said Wednesday.
Baca lebih lajut »