Doesnt Import News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This isn't a supply problem yet. there is plenty of oil out there. but the high wholesale cost means we will end up paying more. and it isn'tjust petrol. at one point yesterday, the wholesale cost of gas rose by more than 60 perc ent, ending the day up by a third. that remains below those super high levels we saw in december, but it still spells bad news for household bills. the energy price cap is already going up from £1200 to nearly two thousand in april. one bank now thinks that in october the cap will go up to an eyewatering £3200. then there are food prices. ukraine is nicknamed the br...

The gas at the pump in america went up 75 cents. and with this action, it's going to go up further. i'm going to do everything i can to minimize putin's price hike here at home. >> reporter: of course, it remains to be seen how exactly president biden will be able to minimize those price hikes in gas. we should note they have not said whether or not the united states is going to try to import more oil from a venezuela, maybe an iran, nations that have already been sanctioned, of course, by the united states, in order to make up for this difference, but what this does today is effectively cut o...