Although gasoline prices have tumbled to four-year lows, that isn’t stopping lawmakers on Capitol Hill from exploiting concerns about high energy costs ahead of the mid-term elections. More »
Former White House economic adviser Larry Summers on Tuesday insisted that the U.S. should lift its decades-old ban on exporting crude, arguing that the policy is a relic of the1970s that is holding back the United States’ potential. More »
Drivers hitting the roads during the upcoming holiday weekend will likely encounter good news: the cheapest Labor Day weekend gasoline prices since 2010.
The U.S. Energy Information Administration is on track next month to issue two highly anticipated reports that will shape the debate over exporting crude, including an analysis of how the price of oil around the globe affects gasoline costs inside the United States. More »
Drivers across the country are experiencing their lowest Aug. 1 gasoline prices in four years as traders’ concerns about instability in Iraq and Ukraine start to ease, analysts at GasBuddy said. More »
An estimated 36.1 million Americans will travel at least 50 miles this holiday weekend, the highest total since the recession, AAA forecasts. More »
Gasoline prices have fallen to a five-month low in advance of the busy July 4 travel weekend, but pump prices on Independence Day will still be the third highest recorded on the holiday, AAA said Tuesday.
Drivers paid $3.42 for a gallon of regular unleaded gasoline in Houston Friday, up one cent from a week ago but down 12 cents from last Memorial Day. More »
The U.S. Energy Information Administration projects the retail price for regular gasoline will average $3.63 per gallon during this summer’s driving season, slightly below average prices over the last two summers. More »
To understand why it’s important, look no farther than the nearest gasoline pump. More »
Some lawmakers and regulators pin the blame on financial speculators trading futures contracts for oil. Or it could be a collision of planned maintenance and unexpected outages at some of the nation’s refineries, which are keeping gasoline supplies low, despite a boon in domestic crude production. More »
Republicans are tapping into anger over rising gasoline prices by launching a fresh attack on congressional Democrats for failing to offer a “serious solution” to the problem. More »