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EU signals desperation to avoid trade war with Trump, desire to buy American gas

President-elect Donald Trump is still months away from taking office, but the European Union already appears eager to strike a deal with him. Ursula von der Leyen, President of the European Commission, dealt with European Council members in Budapest, Hungary, on Friday said they want to avoid a trade war with the United States and […]

How Trump’s second administration could affect gas prices

Energy analysts say former President Donald Trump's reelection could provide a potential tailwind for oil companies despite concerns that geopolitical tensions could lead to potential price increases predicted. Patrick de Haan, head of oil analysis at GasBuddy, wrote on X that Trump's re-election is “certain.” [positive]For oil companies, as the energy sector anticipates the lifting […]

Amazon brings gas benefit to Prime membership

Evercore ISI Senior Managing Director Mark Mahaney talks about “Varney & Co.'' stocks in Amazon, DoorDash, and Magnite. Amazon Prime members now have the benefit of saving money when they fill up their gas tank. E-commerce giant Amazon on Wednesday introduced a fuel savings benefit that gives Prime members 10 cents off every gallon of […]

California Keeps Driving Up Gas Prices With ‘Layers And Layers’ Of Green Rules And Regs

California's latest law cracking down on fuel refiners in the state will likely push already high prices at the pump higher, according to multiple energy experts. Democratic California Gov. Gavin Newsom signed ABX2-1 into law on October 14, forcing state officials to impose certain restrictions on refiners to prevent alleged price gouging by energy companies […]

Newsom Signs Another Law Claiming to Curb Gas Prices

California Gov. Gavin Newsom (D) signed another bill Monday that takes action on gasoline prices, but also cuts taxes, eliminates the state's burdensome “cap-and-trade” system and imposes restrictions on refineries. He insisted that there would be no relaxation of regulations. These are what industry and independent experts say are key factors in the Golden State's […]