The president will also open the door to additional releases this winter in an effort to keep prices down. But administration officials would not detail how much the president would be willing to tap, nor by how much they want domestic production to increase to end the withdrawals.
Oil
According to AAA, the current price of a gallon of regular gas in the Chicago Metro area is now $5.56, up from $3.37 one year ago. The price of premium is well over $6.00.
It’s a new front as the U.S. attempts from afar to influence what’s happening in Ukraine. President Biden Tuesday announced a ban on all imports of oil from Russia. What consequences that may have abroad and here at home.
What's behind the plunging price of gas and how low can it go? An oil industry analyst gives us some insights.
The steel mills may be gone, but the south side is again under threat from a growing source of air and water pollution. It's referred to a "petcoke," and is a byproduct of refining heavy tar sands oil. We share what you had to say about it in tonight’s viewer feedback.
Should a 1,900 mile pipeline be built to transport oil sand petroleum from Canada to the United States? Eddie Arruza and his panel take up the controversial proposal.
