President Biden called the worst U.S. inflation reading in almost 41 years “out of date” on Wednesday because it doesn’t reflect the recent decline in gasoline prices, but don’t expect Read more
Tag: gasoline
Opinion: Is Biden making a mistake by going to Saudi Arabia?
Any successful energy transition policy for the U.S. will involve political as well as economic considerations. U.S. President Joe Biden clearly understands this. He recognizes that, for many Americans, soaring Read more
Biden oil reserve release was ‘single handedly responsible’ for halting increase in gas prices, advisor says
Biden administration officials are taking solace in recent declines in gasoline prices, which have fallen by an average of 21 cents per gallon over the past month, according to GasBuddy. Read more
Don’t give up on a road trip yet—consider renting an electric car
Soaring gas prices have made road trips more expensive, while also contributing to increasing costs for airfares. And while you’ll likely not fly in an electric plane anytime soon, this Read more
U.S. energy companies troll Biden over tweet telling them to cut prices at the gas pump
The U.S. Oil & Gas Association took a hit at President Biden after he tweeted on Saturday that “companies running gas stations” should simply “bring down the price you are charging at Read more
Gas prices edge down just in time for July Fourth travel — here’s why
It’s a cool breeze during a hot moment, but it’s not the summer weather. As record-breaking numbers of Americans pack their cars and travel to Fourth of July barbecues that Read more
Fourth of July travel: 42 million people to hit the road, despite gas prices
Millions of Americans will be driving from sea to shining sea over the Fourth of July weekend, historically high gas prices be damned! That’s according to AAA’s Independence Day travel Read more
Gas prices edge down just in time for July Fourth travel — here’s why
It’s a cool breeze during a hot moment, but it’s not the summer weather. As record-breaking numbers of Americans pack their cars and travel to Fourth of July barbecues that Read more
Gasoline prices have fallen, but probably haven’t peaked yet
Drivers have paid record prices for gasoline this year, but costs for the fuel may not have peaked, given strong demand and the potential for disruptions to Gulf Coast refineries Read more
Oil lower on rising gasoline, distillate supplies
Oil futures traded lower early Thursday as investors focused on storage data released a day earlier showing a rise in inventories of gasoline and distillates. Price action West Texas Intermediate Read more