Tag: gas

Trump Notches a Big Win Against Russia After Merkel Folds on US Gas Imports

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by Chris White   German Chancellor Angela Merkel is offering government support for a for project that would supply Germany with U.S. natural gas — the move comes as U.S. President Donald Trump seeks to loosen Russia’s hold on Europe’s energy markets. Merkel told lawmakers in early October that her government will co-finance the construction of a $576 million liquefied natural gas shipping terminal, The Wall Street Journal reported Monday. The project had failed for years to gain any traction in a country that receives the bulk of its gas from Russia. Trump has lobbied intensely for European countries — Germany in particular — to shift their energy imports from Russia to the U.S., if for no other reason than to diversify their energy markets. He told world leaders at a Group of 20 summit in 2017 that the U.S. wants to make it easier for companies to ship natural gas products to Eastern Europe. German and U.S. officials said Berlin is hoping that forging ahead on the project might help lessen the possibility of Washington leveling sanctions against Nord Stream 2, an unbuilt gas pipeline that would double Russia’s energy exports to Germany. Some U.S. officials believe the White House’s…

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California’s Gas Prices Inch Toward $4 Per Gallon At A Bad Time For Democrats

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by Chris White   Gas prices in Southern California are hovering around $4 per gallon as Golden State Democrats attempt to defend an unpopular gas tax outgoing Democratic Gov. Jerry Brown signed in 2017. The average pump price for regular gas in the Los Angeles area is hovering around $3.736 a gallon Thursday, up nearly 19 percent from a year earlier, according to the American Automobile Association. It’s an unwelcome development for Democrats who are fighting for their political lives. The average price in California stood at $3.683 a gallon, up 18 percent from $3.11 in 2017, the AAA said. A portion of the increase stems from the unpopular 12-cent increase in California’s fuel excise tax that went into effect in November. The state tax now sits at 41.7 cents per gallon and is one of the highest in the country. Nearly 58 percent of voters oppose the tax increase, including 39 percent who say they strongly reject the legislation, according to a survey the University of California, Berkeley’s Institute of Governmental Studies conducted shortly after the measure was passed in April 2017. Only 35 percent of voters surveyed at the time favored the law, which also hikes vehicle registration fees to fix roads. Opposition against…

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