Gas prices continue to surge higher in Canada, with more increases expected next week
Gasoline prices continued to trend upward across much of Canada over the weekend and experts warn more increases are coming this week.
National average gas prices rose to about $2.06 on Sunday, up almost three cents from the day before and 11 cents higher compared with a week ago, according to the Canadian Automobile Association.
Putin says West to blame for energy crisis
MOSCOW – Russian President Vladimir Putin on Friday blamed the United States and Europe for the energy problems they’re facing, saying they stoked fears about climate change to boost support for renewable energy but then underinvested. Speaking on Russian TV, Putin...
EPA raises amount of ethanol that must be blended with gas
DES MOINES, Iowa (AP) — The Biden administration on Friday set new requirements that increase the amount of ethanol that must be blended into the nation’s gasoline supply but reduce previous ethanol-blending requirements due to a plunge in fuel demand during the coronavirus pandemic.
The Environmental Protection Agency said it would set the 2022 levels for corn-based ethanol blended into gasoline at 15 billion gallons. But even as the new rules increased future ethanol requirements, the EPA retroactively reduced levels for 2020 by 2.5 billion gallons and by 1.2 billion gallons for 2021, reflecting the lower amount of ethanol produced and decreased sales of gasoline during a period when the virus led to a drop in driving.
Supreme Leader acknowledges Iran took Greek oil tankers
In this photo released by an official website of the office of the Iranian supreme leader, Supreme Leader Ayatollah Ali Khamenei speaks on the anniversary of the death of the late founder of the Islamic Republic, Ayatollah Ruhollah Khomeini, shown in the poster at top center, at his mausoleum in Tehran, Iran, Saturday, June 4, 2022. Khamenei acknowledged Saturday that Iran took the oil from two Greek tankers last month in helicopter-launched raids in the Persian Gulf.
Pledge of more oil heightens odds of Saudi trip for Biden
The Biden administration praised Saudi Arabia Thursday for its roles securing an OPEC+ pledge to pump more oil and a cease-fire extension in Yemen — warm words that appeared to boost the prospect of President Joe Biden traveling to Saudi Arabia and meeting with the kingdom’s once-shunned crown prince. Biden intends to make his first trip as president to the Saudi kingdom later this month, though details have not been finalized, a person familiar with the planning told The Associated Press.
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