Energy in America

Where could gas prices drop below $2 per gallon?

One thing to remember about all of this predicted doom and gloom is the last time Brent crude dipped into bear market territory, it was a lot closer to the bottom than the top.

The United States also responded to a decline in China's yuan on Monday by branding the country a currency manipulator.

The news agency reported the ship was seized near Farsi Island, where a Revolutionary Guard naval base is located. The island sits in the Persian Gulf between Saudi Arabia and Iran, north of the Strait of Hormuz.

Musk hopes to increase production of Tesla's Solar Roof by year's end.

GasBuddy's head of petroleum analysis, Patrick Dehaan, thinks gasoline prices will lower by 50 cents per gallon until the end of the year.

U.S. crude inventories fell by 8.5 million barrels.

If the Fed cuts rates, it could increase what you pay for gas and even impact the cost of goods.

The market was up on optimism over U.S.-China trade talks, which could boost oil demand around the world.

The price is 10 cents lower than what it was a year ago.

Iran stopped complying in May with some commitments in the 2015 nuclear deal that was agreed with global powers.

U.S. economic growth slowed less than expected strengthening the outlook for oil consumption.

Prices were also supported by a fall in U.S. crude stocks by nearly 11 million barrels.

Discussions between California and the White House are at a standstill.