 Energy & Environment |
Energy & Environment |
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Both Democrats and GOP seize on energy prices |
Gasoline prices are down while electric and natural gas prices are up, making the issue of energy affordability into a political Rorschach test. |
Democrats are lambasting the White House for high power bills, while President Trump and his allies tout low prices at the pump. "Energy — gasoline — we're now at about $2.50 a gallon. We're going to be, I think, at $2 a gallon. We could even crack that at some point," Trump said during a Cabinet meeting this week. In recent days, the national average price of gasoline has dipped below $3 per gallon, standing at $2.98 on Friday according to the American Automobile Association (AAA). "Our prices now for energy, for gasoline, are really low," Trump added. Meanwhile, multiple Democrats have decried rising electricity prices in the past few weeks. "Everyone needs to be screaming about this. Energy costs are up 11% under Trump and families are getting their power shut off," Sen. Ruben Gallego (D-Ariz.) said in a post on X this week. "This winter that will be deadly. We need to take action now." Massachusetts Institute of Technology professor Christopher Knittel said there's some truth to what each side is saying. "They can both be right that electricity prices are certainly growing at much faster than the rate of inflation. Oil prices have fallen somewhat," Knittel said. He noted that what the ultimate impact on consumers will depend on how much gasoline they use compared to how much electricity, "and that varies a lot by household." Read more when the story runs this weekend at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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Sen. Ted Budd (R-N.C.) said Friday he will lift his remaining holds on President Trump's nominees to the Department of Homeland Security (DHS) after the department approved disaster recovery funds for his state. |
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President Trump said Friday he had granted approval for “tiny cars” to be built in the United States, a move that would expand the availability of similar smaller vehicles that are popular in Asia. |
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The Trump administration is making good on a promise to send more water to California farmers in the state's crop-rich Central Valley. |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Upcoming news themes and events we're watching: |
Coming soon Tuesday - The Senate Energy and Natural Resources Committee will hold a hearing on several bills related to national parks
Wednesday - The House Science, Space and Technology Committee is holding a hearing on DOE's AI effort and reorganization. Under Secretary for Science Darío Gil is slated to appear.
- The House Natural Resources Committee will hold a hearing scrutinizing environmental NGOs
- The Senate Environment and Public Works committee is slated to vote on nominees to the Nuclear Regulatory Commission and Tennessee Valley Authority
Thursday - The House Natural Resources Committee will hold a hearing on a series of bills
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Two key stories on The Hill right now: |
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Vice President Vance shared a list of the three progressive politicians who he said, in an interview with NBC News published Thursday, he has come to appreciate. Read more |
| Defense Secretary Pete Hegseth asked the four-star Navy admiral overseeing the U.S. military's strikes against boats in the Caribbean to step down after the top officer voiced concerns about the "murky" legality of the attacks. Read more |
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You're all caught up. See you Monday! |
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