Watch 3:55
Gas prices surge after Harvey strikes refineries
Gas prices have jumped in the wake of Hurricane Harvey, with about 20 percent of refinery capacity along the Texas Gulf Coast offline. The national average for regular gas is now $2.59 a gallon, 23 cents higher than a week…
Rick Perry releases 500,000 barrels of crude oil to prevent spike in gas prices
The petroleum reserve was created in the wake of the 1970s Arab oil embargo and stores oil at four underground sites in Texas and Louisiana.
Watch 4:41
What caused a gas pipeline leak in Alabama?
The price of a gallon of gas is expected to go up this week along the East Coast, due to a leaky gas pipeline in Alabama. The pipeline delivers more than a million barrels of gasoline every day from Gulf…
Gas prices fall below $1 in one Michigan town
Plunging oil prices and a local bidding war drove gas prices to less than $1 in one central Michigan town Sunday.
For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population.
With gasoline prices at their lowest in years when the new Congress convened, there had been talk that it might be time to raise federal gas and diesel taxes, which haven't budged in more than 20 years.
Since last year’s Detroit Auto Show, gas prices have dropped by nearly a third. With the new lower prices, demand has gone up for big new SUVs and sedans, but automakers have also switched gears to develop more fuel-efficient cars.
Ever since oil prices started falling, experts have predicted that consumers would use the extra money saved to spend more on holiday gifts. Did that happen? Sara Germano of the Wall Street Journal joins Hari Sreenivasan from Albany with the…
Over the last few weeks, the price of oil has dropped dramatically. While this may be good news for consumers, for Wall Street the numbers tell a different story. The Wall Street Journal's Nick Timiraos joins Hari Sreenivasan from Washington,…
