Latest shot in Trans Mountain war would ripple along entire West Coast,
causing pump prices to surge and shifting the flow of international crude
Not exact matches
It also gradually phased out subsidies that kept retail fuel cheap,
causing prices at the
pump to climb by an average of nearly 25 % since 2014, even though global oil
prices fell by as much as 75 % during that period.
This
causes it to trade at a discount to world oil
prices, giving those refiners fatter margins and U.S. consumers a bit of relief at the
pump.
But if this article was meant to convey an opinion (i.e. «We shouldn't export oil because higher
pump prices are an unstoppable evil») then you might as well argue that we shouldn't export ANY goods because that
causes the
price of those good to go up at home.
Ekiti State Governor, Mr Ayodele Fayose has accused the federal government of deliberately
causing the current scarcity of fuel in the country so as to be able to justify the planned increment of petrol
pump price from N145 to N185 per litre.
Experts have been clear: Wall Street speculators are artificially driving up the
price at the
pump and
causing pain to millions of American consumers.
Hurricane Harvey is sending
pump prices higher for U.S. motorists and
causing temporary shifts in the flow of oil and gasoline around the world after taking down a huge chunk of U.S. refining capacity.
The Surfrider Foundation is using this year's Hands Across The Sand event to raise awareness on «Three Essential Truths» about new offshore drilling: it will not reduce the
price at the
pump; it will not eliminate America's reliance on foreign oil; and it is an inherently risky activity that
causes significant impacts to the environment through every stage of the drilling process.
This includes the increased cost of the fuel,
caused by higher
prices at the
pumps, and also the need to fill tanks more often because biofuels contain less energy.
In fact, as Jeremy Symons of the National Wildlife Federation pointed out in testimony to Congress last month, their own documents show that the pipeline will probably
cause the
price at the
pump to rise across the midwest.
Get fuel injectors cleaned «Gas
prices have reached levels that are
causing consumers to take steps they may not have when
pump prices were more moderate to improve fuel economy and save a few dollars,» said Jack Nerad, executive editorial director and executive market analyst for Kelley Blue Book (KBB).