U.S. to Ban All Russian Oil Imports
Biden says, “We will not be part of subsidizing Putin’s war.”
Source: convenience.org
Stay updated with breaking news from C Stores. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Biden says, “We will not be part of subsidizing Putin’s war.”
Crude oil prices hit a 13-year high in overnight trading as war in Ukraine is in its 12th day.
Gasoline prices topped $5 a gallon in California; OPEC+ holds on modest oil output for April.
EV sales rose 85% last year, but meeting Biden’s 2030 goal to have half of new vehicles be electric is a stretch.
The U.S. and its allies are collectively releasing 60 million barrels of oil from reserves.