US-tariffs on electrical steel to push transformer costs

US-tariffs on electrical steel to push transformer costs

The announcement of the U.S. Department of Commerce to conduct a national security investigation on the importing of electrical steel raises questions on the consequences. According to Ron Harper, President of electrical steel maker Cogent Power Inc, this action is likely to negatively impact American utilities. Cogent Power Inc describes itself as a large supplier […]

Gas prices are going up as America reopens, the national average is $2.10 a gallon

Gas prices are going up as America reopens, the national average is .10 a gallon

As the nation reopens, gas prices rise. According to fuel-savings app GasBuddy, the national average price of gasoline has risen for the sixth consecutive week from the low of $1.74 per gallon in April, and increases are expected throughout the summer. “It’s no surprise that gasoline prices have increased for the sixth straight week as gasoline demand has hit […]

Oil jumps 2% on optimism around OPEC+ output pact

Oil jumps 2% on optimism around OPEC+ output pact

Oil prices rose on Monday as signs fuel demand was recovering while OPEC+ members were complying with a production cut deal outweighed fears that new coronavirus infections could further slow the global economy. West Texas Intermediate crude rose 86 cents, or 2.37%, to settle at $37.12 per barrel. Brent crude rose 96 cents, or 2.5%, to trade at […]