Economy Dec 23 U.S. drivers are seeing lower gas prices this holiday season, according to AAA By Wyatte Grantham-Philips, Associated Press
Economy Apr 10 Before Trump ramped up tariff threats, inflation was cooling Consumer prices rose just 2.4 percent in March from a year earlier, the Labor Department said Thursday. Economists warned that the data is mostly backward-looking and likely to be overtaken by the impact of the tariffs that President Donald Trump… By Christopher Rugaber, Associated Press
Politics May 21 Biden administration releasing 1 million barrels of gasoline from reserve in bid to lower prices Energy Secretary Jennifer Granholm says the move is intended lower costs for American families and consumers in time for the summer driving season. By Matthew Daly, Associated Press
Economy Jan 24 Americans' economic outlook brightens as inflation slows and wages outpace prices After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden's political fortunes. By Christopher Rugaber, Associated Press
Nation Dec 28 Watch 7:14 How U.S. oil production reached an all-time high in 2023 As the year comes to a close, gas prices in the U.S are at their lowest point of 2023. And not coincidentally, domestic oil production is at a record level. But it comes at a time when the U.S. is… By William Brangham, Shoshana Dubnow
Dec 18 BP joins list of companies halting Red Sea shipments due to Houthi attack fears By Courtney Bonnell, Associated Press Houthi rebels have targeted container ships and oil tankers passing through a narrow waterway that connects to the Red Sea and Suez Canal, where an estimated 10% of the world’s trade passes through. Continue reading
Sep 25 How oil price hikes boost Russia's war as drivers pay more for gas By David McHugh, Associated Press Behind the recent bump in price is Saudi Arabia's decision to slash how much oil it sends to global markets through the end of the year. Russia also is cutting back, and less supply means higher prices. Continue reading
Sep 13 August inflation rises due to higher gas prices, yet underlying core measures cooled By Christopher Rugaber, Associated Press Excluding the volatile food and energy categories, so-called core prices rose 4.3 percent, down from 4.7 percent in July and the smallest increase in nearly two years. Continue reading
Mar 27 California lawmakers approve potential fines for high gas prices By Adam Beam, Associated Press California lawmakers have approved the nation's first penalty for price gouging at the pump. The state Assembly passed a bill on Monday that would empower state regulators to punish oil companies for profiting from price spikes. Continue reading
Mar 23 California proposes bill that may punish oil companies for high gas prices By Adam Beam, Associated Press A bill to punish oil companies for profiting from price spikes at the pump has passed the California Senate. Continue reading