Economic Indicators

Central Park visitors shared how price hikes and supply shortages have impacted their everyday life after the inflation rate reached a 40-year record high.

In two states, New Jersey and Oregon, there's a ban on self-service gas pumping. Here's what the states' legal codes say about gas pump limitations and why they exist.

The Bureau of Land Management delayed three oil and gas lease sales for the second time this month to complete environmental reviews and "allow time for protest resolution."

President Biden is considering pausing the federal gas tax, but critics say the suspension could ultimately cause already red-hot inflation to spike even higher.

Oil analyst Stephen Schork argued on Tuesday that gas prices are at “unprecedented” levels that Americans “simply cannot afford” and that he believes a recession is inevitable.

President Biden said he is considering a federal gas tax holiday, although his ex-boss, former President Obama, called such a move a “gimmick” in 2008.

Z's Buddies food truck chef Hector Pliego of San Diego joined "Fox and Friends" on Monday to discuss how high gas prices are impacting his small business.

In a Sunday interview, Treasury Secretary Janet Yellen said she does not believe that record-high gas prices are a result of the Biden administration's policies.

Two Virginia thieves stolen fuel from a gas station over several days using an unspecified device in an effort to resell the gas through an app, cops say

The Federal Reserve's massive rate hike this week has fueled speculation on Wall Street that the U.S. economy is headed for a recession soon as inflation roars.

The White House is considering a plan to issue gas rebate cards to residents in order to temper inflation and keep families afloat despite record gas prices.

Nevadans blamed a number of issues including President Biden, COVID-19 and Russia's invasion of Ukraine for why Americans are feeling pain at the pump.

FOX Business host Larry Kudlow calls out President Joe Biden for going after the oil and gas industries as Americans see rising gas prices on "Kudlow."

A closely watched Federal Reserve tool showed economic growth in the second quarter may have stalled, raising the possibility that the economy is already in a recession.

Wallethub, a personal finance website, found that Washington, D.C. has the the worst economic racial equality between white and black people in the United States.

The White House on Wednesday appeared to shift from blaming Russia's invasion of Ukraine to oil companies' profits for record-high high gas prices.

The Federal Reserve may consider another super-sized, 75-basis point rate hike in July as the central bank races to catch up with inflation, Chairman Jerome Powell said Wednesday.

The Federal Reserve on Wednesday approved the largest interest rate hike since 1994 as officials try to tame runaway inflation, which surged to another 40-year high in May.

Retail sales unexpectedly dropped in May as consumers – confronted with the hottest inflation since 1981 – pulled back on spending.

A majority of investment fund managers are forecasting sluggish growth and soaring inflation, the result of the Federal Reserve raising interest rates at the fast pace in decades.