Nov 23 U.S. to release 50 million barrels of oil from reserve to alleviate energy costs By Josh Boak, Colleen Long, Associated Press The move is aimed at global energy markets, but also aimed at voters who are coping with higher inflation and rising prices ahead of Thanksgiving and winter holiday travel. Continue reading
Nov 21 Watch 3:38 Inflation a major issue facing the Biden administration By PBS NewsHour Inflation, now running at more than 6%, is the number one concern for many Americans as prices rise, from the gas pumps to the grocery shelves. It’s also a looming threat to President Joe Biden’s administration. A complex mix of… Continue watching
Aug 11 WATCH: Biden talks gas prices as he pushes domestic agenda By Associated Press Fresh off back to back Senate victories on both his infrastructure plan and budget blueprint, Biden pitched his domestic agenda, insisting they're already "working" to deliver for the American people. Continue reading
May 23 Average US price of gas jumps 8 cents per gallon to $3.10 By Associated Press The highest average price in the nation right now is $4.23 a gallon in the San Francisco Bay Area. The lowest average is $2.53 in Houston. Continue reading
May 13 Gas crunch continues across much of U.S. after pipeline hack By Tom Foreman Jr., Jeff Martin, Ben Finley, Associated Press Georgia-based Colonial Pipeline says the gas is flowing again but it could take days before it's totally back to normal. A cybersecurity attack forced a temporary shutdown and panic-buying that drained supplies. Continue reading
Jan 14 Why the U.S.-Iran conflict should be driving gas prices higher, but isn't By Scott L. Montgomery, The Conversation Oil traders therefore have much reason to be nervous. But they aren’t. Continue reading
Nov 16 Protests grip major Iran cities over gas prices; 1 killed By Jon Gambrell, Associated Press Protesters angered by Iran raising government-set gasoline prices by 50% blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person. Continue reading
Oct 16 U.S. retail sales dip 0.3 percent in September By Martin Crutsinger, Associated Press Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending. Continue reading
Nov 29 Why lower oil prices won't necessarily boost the U.S. economy By Thomas Maxwell Despite lower prices at the gas pump -- welcome news for the millions of travelers hitting the road during the holiday season -- the drop is unlikely to be a net gain for the U.S. economy. Continue reading
Sep 02 Watch 3:55 Gas prices surge after Harvey strikes refineries By PBS News Hour, Nick Schifrin 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… Continue watching