Muscat: As part of its Debt Management Strategy, the Ministry of Finance (MOF) will cut down its public debt by more than RO 2.85 billion (US$ 7.4 billion) at the end of April.
nationwide as the biden administration is pleading with foreign oil producers to up their production just months after tightening restrictions for american oil companies here at home. casey stiegel is live in arlington with more. hi, casey. good morning. 2.85 a little cheaper is the average for a price of unleaded regular here in the state of texas. last year at this time texans were paying $1.87. roughly $1 higher this year. this week as you just said the white house in an effort to ease pain at the pumps nationwide calling on opec to boost its overall oil output. the rise in prices we re experiencing now experts say is simply because more americans are traveling and bad news, they are expected to get even higher. recent aaa survey showed that gas prices would have to be well over $3.50 a gallon the
casey is live from arlington, texas with more. yes, more than $3 on average. 2.85 here in texas for a gallon of unleaded regular. just a little bit under. but last year at this time texans paid $187. it s about a dollar higher now this week. the white house in an effort to ease pain at the pump called on opec to boost its overall oil output. the rise in prices is simply because more americans are traveling and the bad news is costs are expected to go even higher. a triple a survey show that gas has to be well over 3 dollars before drives change their plan.
cnn all over this story and the breaking developments. meanwhile, the world markets are waiting in anticipation. oil prices spiked 10%, a huge one-day increase, and the question this morning is how serious will the supply disruption be, and could this alter the entire perception of the oil market long-term. cnn chief business correspondent christine romans here with that. when you re talking about a 10 or 15% jump in the price of oil, that is dramatic and it could mean higher prices for american drivers, flyers and consumers. so much oil production taken offline so quickly in coming days and weeks consumer wills see it. the only questions are when and how much. gas prices are estimated to climb anywhere from $0.10 to $0.25. the current average is $2.56 down from $2.85 a year ago and below the recent peak of nearly
emergency, his intention to spend $8 billion on the wall without congressional approval. it was met with lawsuits including from the aclu and the sierra club, suing about this $2.5 billion that the president wanted to spend on the drug interdiction money. the supreme court saying last night those groups do not have standing. the spending, the 2.85 that the president wants to spend can go forward. it s about 100 miles of new fencing replacing old fencing. meanwhile here s the president s tweet last night after too decision was announced. wow, big victory on the wall. the united states supreme court overturns the court injunction.