gas prices

In a show of continued cooperation, Saudi Arabia and Russia, two of the world’s largest oil exporters, have deepened oil supply cuts in an effort to bolster flagging prices, Reuters reports. Strengthened Alliance The move is part of the OPEC+ alliance, which includes the Organization of the...

GOP presidential candidate Tim Scott believes the best way to reduce gas prices at pumps is by ramping up energy production and not by punishing producers. "The best way to bring down sky-high prices at the gas pump is by unleashing American energy production —not punishing energy producers. I am...

Memorial Day, which signals the start of the summer driving season, is upon us and cash-strapped consumers have an eye on pump prices as they navigate through a tough economic climate. Fortunately, for their relief, gas prices are trading off the levels seen a year ago. What Happened: The...

Due to the Russia-Ukraine war, Europe was witnessing surging electricity prices, making some electric vehicles more expensive than combustion engines. In some cases, the cost difference between driving both types of cars 100 miles had become negligible. According to economists, a higher price...

According to AAA, gas prices continue to plummet, with the previous week marking the largest weekly decline since early August. GasBuddy now predicts that prices will continue to decline and the national average will be below $3 per gallon by Christmas. What Happened: In the previous week, the...

At a time when commodity prices have been extremely volatile globally, President Joe Biden’s plan to use the strategic petroleum reserves (SPR) as a monetary tool is starting to relieve pain at the pump for the American consumer. Following the 2022 midterm election cycle, the price of...

As the market navigates through the lean phase of the September-October period, the recovery seen since Wednesday gave investors some reason to cheer. The weekend discussions were centered mostly around the near-term market outlook and the Fed’s interest rate outlook. Here's a recap of a...

America's first Labor Day was celebrated on Sept. 5, 1882 in New York City, where thousands of factory union workers gathered for a parade to celebrate the contributions they have made to America’s economic strength, according to the U.S. Department of Labor. As travelers prepare for...

Some believe the psychological level in gas price, for now, is $3.99 per gallon — and it seems that’s where it could be headed. According to GasBuddy statistics, the nation's average gas price has decreased for the seventh consecutive week, down 15.9 cents from a...

The national average price of gas is on a steady decline, falling for 35 days in a row. What Happened: With data collated from more than 11 million individual price reports spanning over 150,000 gas stations nationwide, GasBuddy reported that prices have decreased by 20.66 cents from one...

For years, the most popular vehicle in the United States has been the F-150 truck from Ford Motor Company (NYSE: F). With higher gas prices and a high cost to fill up, the F-150 could see less demand and some consumers switching to the all-electric version, the F-150 Lightning. What Happened: While...

Oil stocks were on the move Wednesday as crude oil prices pulled back from recent highs and U.S. President Joe Biden said he will push for a suspension of the federal gasoline tax. WTI crude oil prices dropped 3.4% to around $105.70 per barrel on Wednesday morning, sending the United States...

Joe Biden's spat with American corporate executives intensified this week as he traded barbs with the CEO of Chevron Corp (NASDAQ: CVX), while Target Corp's (NYSE: TGT) chief executive slammed the U.S. President's idea of a gas tax holiday.  What...

In a letter to top oil executives this week, President Joe Biden criticized oil companies as gas prices hover around the $5 mark in the U.S.  What Happened: “At a time of war, refinery profit margins well above normal being passed directly onto American families are not...

The effects of the Russia-Ukraine war are still sending ripples globally, even with crude oil prices falling $19 off the early March highs of $123 per barrel. In an effort to help lower fuel prices, U.S. President Joe Biden recently announced the use of E15, a type of gasoline that uses a...