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The US has some of the lowest fuel taxes in the developed world. The federal gasoline tax is 18.4 cents per (US) gallon, and the median state tax is a further 26.1 cents. In the EU, the minimum tax on unleaded gasoline is €0.359, equivalent at current exchange rates to about $1.43 per gallon. The ...
Oil prices look set to soar even higher, as markets factor in a slump of 1 to 2 million barrels per day in Russian production by the end of the year.
We were pretty sure that Joe Biden's presidency, such as it is, was going to be a disaster, but even we could not have predicted how bad it's about to become. On his first couple of [...]
Global oil demand is recovering faster than expected and, with tight natural gas and coal markets, the demand destruction point might be higher than $80 this winter
The Great Influenza of 1918-19 was one of the greatest disasters of the 20th century, estimated to have killed more than 50 million people. But it ended relatively quickly, hitting in three waves between the spring of 1918 and the spring of 2019. It has been 21 months since the Covid-19 virus was first identified ...