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Energy & Environment

US gasoline prices top $4 a gallon throughout August for first time as Sierra Club urges windfall tax

The Sierra Club urged the U.S. Congress to adopt a windfall tax to claw back excess profits major oil companies made after war-driven oil price surges. It said much of the profit reflected higher prices rather than expanded production, efficiency gains or innovation. The American Automobile Association said average U.S. gasoline prices exceeded $4 per gallon throughout August for the first time. The push comes ahead of a meeting between President Donald Trump and oil company CEOs.

Crypto

Trump family-linked WLFI sells $11 million of bitcoin to avoid DeFi liquidation on Aave

World Liberty Financial (WLFI), a DeFi project linked to U.S. President Donald Trump\'s family, sold about 170 bitcoin to avoid liquidation risk on the Aave DeFi protocol. Arkham Intelligence said the WLFI wallet sold bitcoin worth about $11 million at around $67,000 to repay a loan. WLFI token fell 14 percent, underperforming bitcoin and ether. The token is down to $0.115 from $0.23 at launch in September 2025.