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
Apr 06 Watch 3:34 U.S. lawmakers grill oil executives about sharp rise in gas prices By Amna Nawaz, Courtney Norris, Tommy Walters Since Russia’s invasion of Ukraine, fuel prices have shot up and stayed high. Lawmakers on Capitol Hill Wednesday were laying blame for rising gas prices on executives from BP, Chevron, Shell, ExxonMobil and others. Meanwhile, everyday Americans are feeling the… Continue watching
Apr 01 Watch 12:45 Brooks and Capehart on Biden's shifting immigration policy, the Jan. 6 investigation New York Times columnist David Brooks and Washington Post columnist Jonathan Capehart join Judy Woodruff to discuss the week in politics, including President Biden's decision to tap the country's strategic petroleum reserve, a return to pre-pandemic border policies and the… Continue watching