Islander News reports that the crisis is made worse by people “panic buying.” However, while many people are supposedly panicking and buying gas unnecessarily, the fact of the matter is that the city is currently counting on less than half of all established gas stations. 58% of Miami’s gas stations are reporting being out of gas as of this morning.
Brazil’s President Luiz Inacio “Lula” da Silva and Argentina’s President Alberto Fernández announced the creation of a common currency called “Sur”. This currency would have a regional reach, and it would help strengthen the relationship between the two economies. The two presidents have also shown their support to bilateral commerce and the development of joined projects, among which there is a gas duct through which Argentina could export gas to its neighboring country.
Amid soaring inflation that has been a source of panic for many American citizens, President Biden delivered a hopeful message while blaming Republicans on Tuesday night.
Since Russia’s invasion of Ukraine in February and the economy reopening following the pandemic, gas prices have been steadily on the rise. Friday night, the average cost of a gallon of regular gas reached $5 in the United States.
Gas prices in the United States have been drastically on the rise since the Russian invasion of Ukraine, with no signs of stopping in sight. In the last week, the national average has increased by 15 cents, reaching a record of $4.48 a gallon. In the last month the prices have gone up an average of 40 cents, and 27% total since the start of the war. Now experts say the record-breaking prices could soon reach $5 a gallon in most places.
Climate activists are coming together again to act on climate change at the White House and numerous large cities including Atlanta and Phoenix. Vincent Vertuccio organized many students across the United States for the “Fight for Our Future” rally. Their goal is to press on the government to cut pollution because it is affecting the planet in heating up temperatures more than ever.
With Russian forces penetrating through the lands of Ukraine, many countries around the world are finding ways to have sanctions against Russia for their inhumane acts. One of their ideas was putting sanctions on Russian oil. The problem is that Russian oil is fairly cheap in comparison to other oil prices, and that means the prices for gas and energy go up.
On Tuesday, President Biden announced that the United States is banning all imports of Russian oil, gas and energy in an effort to target the Russian economy’s “main artery” during Putin’s attack on Ukraine.
Climate change is like a child who was forgotten in the car when the parents go out to eat for an evening meal. The crisis in Ukraine is strongly presented in the discussion of politics. War contributes a lot to climate change and yet the war on healing global warming barely scratched the surface of the recent State of the Union. President Biden stated that he would drive the United States to climate change purposes, but it was not mentioned in the State of the Union.