Tag: Keystone XL pipeline

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The High Price of Politics: Is the Strategic Petroleum Reserve in Jeopardy?

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Critics argue that the Biden administration treated the SPR as a political tool rather than a strategic asset

the staff of the Ridgewood blog

Washington DC, The Strategic Petroleum Reserve (SPR) was designed as America’s ultimate insurance policy. Established to shield the U.S. economy from catastrophic supply disruptions—like the aftermath of Hurricane Katrina or the global shock of Russia’s invasion of Ukraine—it is meant for emergencies, not optics.

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Prices at the Pump Continue to Rise as Oil Prices Skyrocket

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the staff of the Ridgewood blog

Ridgewood NJ, gas prices increased again in New Jersey and around the nation as a whole despite lower demand as travel restrictions remain in place due to the pandemic. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.58, up three cents from a week ago. Drivers were paying an average of $2.53 a gallon a year ago at this time. The national average price for a gallon of regular gasoline was $2.45, also up three cents from last week. Drivers were also paying an average of $2.45 a gallon a year ago at this time.

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