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Why Is Gas So Expensive? NJ Congressman Demands Answers From Oil Companies Why Is Gas So Expensive? NJ Congressman Demands Answers From Oil Companies
Why Is Gas So Expensive? NJ Congressman Demands Answers From Oil Companies Oil companies are placing profits ahead of the American people despite their overwhelming support of Ukrainians after the invasion by Russia, a US congressman says. Rep. Frank Pallone Jr., a New Jersey Democrat, accused oil companies of jacking up the cost of gas just when Americans are paying record prices at the pump. The chairman of the House Energy and Commerce Committee, in a letter to the largest oil and gas producers, said there are ample approved drilling spots to meet production needs. Pallone asked the executives of BP, Chevron, Devon Energy Corporation, ExxonMobil, Pioneer Natur…

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by Jon Craig
Business
US Withdrawal From Iran Deal Sparks Concerns Of Gas Price Spike US Withdrawal From Iran Deal Sparks Concerns Of Gas Price Spike
US Withdrawal From Iran Deal Sparks Concerns Of Gas Price Spike Just as gas prices began leveling off, according to a AAA report, there is a new fear of a spike in prices following President Donald Trump’s decision to withdraw the United States from the Iran nuclear deal. Trump announced Tuesday afternoon not to waive sanctions on Iran, effectively terminating the United States’ participation in the Iran Nuclear Agreement which has prevented Iran from developing nuclear weapons since 2015. The withdrawal of the deal has led to fears that even as gas prices reach their highest national average in four years, they may spike, just in time for the busiest d…

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by Zak Failla