Energy
With or without a federal gas tax holiday, here are 4 ways to save money at the pump
The recent run-up in gasoline prices is now being felt nearly across the board. The national average for a gallon of gas is currently $4.94 after topping $5 per gallon for the first time ever earlier this month, according to AAA. Last year at this time, the price was $3.07 per gallon. The increase has put a severe […]
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Germany triggers ‘alert level’ of emergency gas plan, sees high risk of long-term supply shortages
Habeck has previously warned the situation is going to be “really tight in winter” without precautionary measures to prevent a gas supply shortage. Picture Alliance | Picture Alliance | Getty Images Germany has declared it is moving to the so-called “alert level” of its emergency gas plan, as reduced Russian flows exacerbate fears of a […]
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World’s largest hybrid ship set to ferry passengers between Britain and France
An artist’s impression of the Saint-Malo at sea. According to Brittany Ferries will have a battery capacity of 11.5 megawatt hours. Brittany Ferries A ship set to carry passengers between the U.K. and France in the next few years will be the largest hybrid-vessel ever built, according to operator Brittany Ferries. In a statement Tuesday, […]
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Biden calls on Congress to suspend the gas tax — Here’s what that means for prices at the pump
President Joe Biden called on Congress Wednesday to temporarily suspend the federal gas tax, as he tries to quell the rapid surge in prices at the pump. While experts say a suspension could provide some immediate relief, it could also keep demand elevated, thereby exacerbating tight supply. Consumers are getting hit with higher prices everywhere, […]
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Moscow and NATO could be heading for a confrontation over Russia’s European exclave of Kaliningrad
A sign reading ‘Kaliningrad’ stands atop the city’s south railway station. Harry Engels | Getty Images Sport | Getty Images A new front in tensions between Russia and NATO has opened up after one of the Western military alliance’s members, Lithuania, banned the transit of some goods coming from Russia to its exclave Kaliningrad on […]
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UK inflation hits new 40-year high of 9.1% as food and energy price surge persists
More than four in five people in the U.K. are worried about rising living costs and their ability to afford basics necessities like food and energy over the coming months, according to a new survey. Tolga Akmen | Afp | Getty Images LONDON — U.K. inflation hit 9.1% year-on-year in May as soaring food and […]
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Coal investments set to rise 10% this year as nations fret over energy security
Coal and a wind turbine in Hohenhameln, Germany, on April 11, 2022. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons in recent months. Mia Bucher | Picture Alliance | Getty Images Global energy investment is on course to jump by more than 8% in 2022 and hit $2.4 […]
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Last year it was floods. Now heat waves are driving record power consumption in China’s Henan
A citizen wearing a breathing mask to escape heat rides on the road on May 23, 2019 in China. The electricity load in the Chinese province of Henan reached a new record on Monday, primarily driven by air-conditioning demand, as scorching heat waves spread across regions north of the Yangtze river. Vcg | Visual China […]
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Canada is banning single-use plastics, including grocery bags and straws
Restaurants and grocery stores worry about a supply of alternative products as the government announces details of its ban on single-use plastics. in Toronto. June 20, 2022. Steve Russell | Toronto Star | Getty Images Canada is banning the manufacture and import of single-use plastics by the end of the year, the government announced on […]
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Russia is squeezing Europe’s gas supplies, sparking a bitter and reluctant return to coal
German Economy Minister Robert Habeck has warned that the situation is going to be “really tight in winter” without precautionary measures to prevent a supply shortage. Ina Fassbender | Afp | Getty Images Reduced flows of Russian gas and the specter of a full supply disruption have prompted some European governments to reconsider coal, one […]
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