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Category: Economy, Energy, Europe, Financial Markets, Middle East, Russia, White House

For the week ending Nov. 26, the U.S. Energy Information Administration reported that commercial crude oil inventories declined by 900,000 barrels from the previous week and remain about 6 percent below the five-year average for this time of year. (Tom Pennington/Getty Images)

US Oil, Gas Data Suggest Sluggish Demand

High prices may finally be catching up with consumers, though the Omicron variant could be a significant game changer. The post US Oil,...

Gasoline prices may finally be heading lower in the near future. (Photo by Justin Sullivan/Getty Images)

Omicron Could Finally Bring Relief To The Pump

But while commodity prices are plummeting, it may take a bit for consumers to notice because of supply chain issues. The post Omicron...

U.S. President Joe Biden speaks on the economy during an event at the South Court Auditorium at Eisenhower Executive Office Building on November 23, 2021 in Washington, DC. President Biden announced the release of 50 million barrels of oil from the Strategic Petroleum Reserve of the Department of Energy to combat high energy prices which are at a seven-year high across the nation prior to the holiday travel season. (Alex Wong/Getty Images)

Small Businesses Squeezed As Inflation Soars, Supply Chains Clog

Business owners worry rising prices will keep them from fully recovering from the Covid-19 pandemic. The post Small Businesses Squeezed...

A customer pumps gas into her vehicle at a gas station on November 22, 2021 in Miami, Florida. Florida Governor Ron DeSantis announced he would ask state lawmakers to temporarily “zero out” state gas taxes next year. DeSantis said the approximately 25-cent-a-gallon “gas tax relief” proposal could save the average Florida family up to $200 over a five- to six-month period. (Photo by Joe Raedle/Getty Images)

US Prices At The Pump Slowly Starting To Ease

But it doesn’t have all that much to do with White House actions on the Strategic Petroleum Reserve. The post US Prices At The Pump...

Gasoline prices above $5 per gallon are displayed at a gas station on Nov. 15, 2021, in Los Angeles. According to AAA, the average price statewide for one gallon of regular unleaded gas hit $4.68 Tuesday, an all-time record high. The price spike is being blamed on the increasing cost of crude oil, higher demand, and other factors. (Mario Tama/Getty Images)

Will Gasoline Prices Move Even Higher On Holiday-Driven Demand?

The average retail price of gasoline is stuck at around $3.40 per gallon and several factors help explain why. The post Will Gasoline...

Gas prices approaching $5 a gallon are displayed in front of a Circle K gas station on Oct. 05, 2021, in San Rafael, California. Gas prices in the U.S. are continuing to rise to the highest level since 2014. According to AAA, the national average for a gallon of regular unleaded gasoline inched up over $1 per gallon more than one year ago. (Justin Sullivan/Getty Images)

High Gasoline Prices Not Impacting Consumer Demand

Federal estimates for the price at the pump were revised higher in a monthly energy market forecast. The post High Gasoline Prices Not...