Jun 15 Biden calls for more production and lower profits in letter to U.S. oil refiners By Josh Boak, Associated Press President Joe Biden wants U.S. oil refiners to produce more gasoline and diesel. Continue reading
Jun 11 Watch 3:03 News Wrap: Thousands attend ‘March for Our Lives’ rallies, demand action on gun control In our news wrap Saturday, thousands of people in cities across the U.S. gathered for "March for Our Lives" rallies to demand action on gun control, President Biden visits New Mexico as firefighters battle wildfires and a heatwave hits the… Continue watching
Jun 11 Nationwide average for gasoline tops $5 per gallon, AAA says By Associated Press Auto club AAA said the average price on Saturday was $5.00. Motorists in some parts of the country, especially California, are paying far above that. Continue reading
Jun 09 Average gas prices close in on $5 a gallon in the U.S. By David Koenig, Associated Press Pump prices have been rising steadily for months, as global oil prices rise and demand for gas increases. Prices range from an average $6.40 a gallon in California to $4.41 in Georgia. Continue reading
May 11 U.S. prices see smallest rise in eight months, spurring hopes that inflation may be peaking By Christopher Rugaber, Associated Press Inflation slowed in April after months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Continue reading
Apr 28 Watch 6:13 A divided Congress grapples with rising gas prices, COVID relief and immigration By Lisa Desjardins, Tyriana Evans, Saher Khan Lawmakers returned to Capitol Hill this week and were met with a growing list of legislative items to tackle. From funding for Ukraine to more COVID relief, there’s a lot they’re hoping to accomplish before the legislative calendar is upended… Continue watching
Apr 28 Top Democrats push for federal crackdown on price gouging By Matthew Daly, Kevin Freking, Associated Press Democratic leaders have announced an effort to give the Federal Trade Commission increased authority to crack down on oil and gas companies that engage in price gouging. Continue reading
Apr 18 Watch 5:35 Why both climate activists and the oil industry are unhappy with Biden’s new drilling leases By Stephanie Sy, Courtney Norris, Ryan Connelly Holmes Facing rising prices, the Biden administration is forging ahead with a plan to sell new leases for oil and gas drilling on a small portion of federal land. Some climate activists say President Biden is breaking his campaign promise to… Continue watching
Apr 12 Watch 7:38 Inflation hits new historic high, painting a bleak economic picture Inflation numbers released Tuesday by the U.S. Labor Department show prices are up in nearly every consumer category, but especially energy costs. President Biden traveled to the midwest to explain how his administration is going to ease the pain at… Continue watching
Apr 12 U.S. inflation rises 8.5 percent, sharpest increase since 1981 By Paul Wiseman, Associated Press Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. Continue reading