Page 6 - Dan Dicker News Today

A decision made this weekend in Vienna will likely impact how much you pay at the pump this summer.

A decision made this weekend in Vienna will likely impact how much you pay at the pump this summer.

The average price for a gallon of regular gasoline was $3.13 as of Wednesday, down 42 cents from one month ago, after peaking at a record $5.02 earlier this year, according to AAA.

After a tumultuous year for US-Saudi ties, there is little reason to expect US-OPEC+ tensions to ease in 2023.

Independent oil trader Dan Dicker joins Chris Hayes to discuss the implications of OPEC and Russia’s attempt to raise oil prices by cutting production.  

Big Oil has been the go-to boogeyman for President Biden and Democrats over alleged "price gouging," with "Putin's price hike" a close runner-up. But profits made by the oil industry -- while at record levels -- ebb and flow with global energy markets, not because the firms are manipulating costs, according to market analysts.

Big Oil has been the go-to boogeyman for President Biden and Democrats over alleged "price gouging," with "Putin's price hike" a close runner-up. But profits made by the oil industry -- while at record levels -- ebb and flow with global energy markets, not because the firms are manipulating costs, according to market analysts.

President Biden reignited his attacks on energy companies Wednesday by demanding they boost refined oil output, but industry leaders said his bombastic rhetoric only exacerbates America's refining capacity woes that have inflated gasoline prices.

President Biden reignited his attacks on energy companies Wednesday by demanding they boost refined oil output, but industry leaders said his bombastic rhetoric only exacerbates America's refining capacity woes that have inflated gasoline prices.

No predictions are certain, but drivers should expect prices to stay high in the coming months.