Economic Indicators

Consumers should gear up for higher gasoline prices as a result of foreign oil production cuts and a series of domestic factors that are limiting supplies, according to energy analysts.

Oil industry leaders wrote a letter to Energy Secretary Jennifer Granholm on Tuesday, urging her to take an oil export ban off the table amid high energy prices.

Oil prices climbed as much as 4% Tuesday, topping $86 per barrel level. Meanwhile, the national average gas price is currently sitting at $3.80 per gallon, according to AAA.

A slowing housing market could bring a recession as soon as the first quarter of 2023, according to Fannie Mae. Here's what that means for you.

Nearly a week after Hurricane Ian made landfall, more than 435,000 Florida customers are still without power. Damage from the storm knocked out power for millions.

A pair of lawmakers in New Jersey want to make Costco gas accessible to everyone, not just members. The warehouses are known for offering gas at cheaper prices than other retailers.

The "October effect" has historically garnered fears that fall's first full month will be bad for markets, having historically seen some of the country's largest crashes.

California implementing a windfall tax on oil companies would be harmful, FOX Business contributor and Price Futures Group senior market analyst Phil Flynn said.

United Refining Company CEO John Catsimatidis explained why Russia and the OPEC nations are pushing for higher oil prices and how much Russia stands to gain.

Exxon Mobil CEO Darren Woods is pushing back against Energy Secretary Jennifer Granholm's and the Biden Administration's misguided energy and trade policies.

GDP contracted in the second quarter of 2022, according to the final estimate from the Bureau of Economic Analysis (BEA). Here's what that means for you.

A key measure of inflation that is closely monitored by the Federal Reserve rose faster than expected in August as prices remain near a four-decade high.

GasBuddy's Patrick De Haan addressed the impact of U.S. oil refinery shutdowns and explained why gas prices in some parts of the country are rising again.

Freddie Mac data shows the 30-year fixed-rate mortgage averaged 6.70 percent with an average 0.9 point as of Sept. 29, up from last week when it averaged 6.29 percent.

The Commerce Department said its final reading of second quarter gross domestic product data on Thursday shows the economy shrank 0.6% in the spring, indicating the start of a recession.

Energy expert and FOX Business contributor Phil Flynn says President Biden's warning to gas companies about price gouging ahead of Hurricane Ian is "mind-boggling."

President Biden, speaking at the White House, warned energy industry executives not to raise the price of oil or gas in the aftermath of Hurricane Ian.

Biden once again took aim at oil and gas companies on Monday, accusing them of squeezing consumers with high gas prices despite a drop in the price of oil.

The Seattle coffee giant said it sent letters to stores in 36 states and the District of Columbia offering a three-week window to start negotiations.

The British currency has taken a plunge, sliding against the U.S. dollar to touch an all-time low. The currency chaos is playing out against the dollar’s rally.