Yahoo Finance's Rick Newman examines how average gas prices have climbed above $4 in every state, the ways President Biden could lower energy prices, and the inflationary pressures impacting consumer behaviors.
Yahoo Finance's Ines Ferre breaks down the market and sector gains heading into the closing bell, as well as tech and semiconductor stocks, retailers, and the commodity price actions surrounding crude oil and metals.
India plans to introduce 20% ethanol blending with gasoline in some parts of the country from April next year, a source familiar with the plan said, although the federal government plans a nationwide roll out from 2025/26. Hit hard by rising oil prices, India has expedited efforts to boost local output of oil and a transition to alternative fuels to cut its import bill. The source said India has been mixing about 10.5% ethanol with gasoline for the last three months.