Gas Prices

Consumers are growing more pessimistic as inflation expectations tracked by the Federal Reserve Bank of New York increased across all horizons, while unemployment expectations deteriorated.

President Biden touted his administration's policies and approach to lifting the economy. He said Americans are 'seeing results' and that he would continue to combat inflation.

Republican Govs. Ron DeSantis of Florida and Brian Kemp of Georgia both won re-election, receiving major support among voters concerned about inflation.

Phillips' investor-return plan comes at a time President Biden has demanded that energy companies invest their profit into boosting production before considering shareholder returns.

Gas prices will remain elevated despite the results of the midterm elections due to a variety of factors including OPEC+ production cuts and Russian's invasion of Ukraine, experts say.

Organizations representing the oil industry and workers ripped President Biden after he vowed to block new fossil fuel drilling, saying he should focus on policy, not politics.

President Joe Biden's tweet about the "most common" gas prices was slapped with a fact check Sunday to provide some more clarification.

A family-owned small business in central Virginia tells FOX Business inflation has been detrimental to their livelihood and has forced them to raise the price on their goods.

Largest U.S. refiner Marathon Petroleum Corp aims to operate its system at 93% of combined oil processing capacity, a cooler pace as it completes maintenance work at some plants.

Oil industry groups are reacting to President Joe Biden on Monday threatening a potential windfall profit tax or other repercussions against oil companies.

Former Treasury Secretary Larry Summers on Tuesday questioned a potential windfall tax on oil company profits, arguing it would discourage investment.

Moldovan leaders are warning that the Russian invasion of Ukraine has created an energy crisis that could mean Molova runs out of gas and electricity this winter.

The White House has scrambled to reframe several economic indicators ahead of the midterm election next week, arguing the economy will make a "soft land."

President Joe Biden criticized the recent earnings of major oil companies, urging them to invest profits in increasing production or face possible penalties.

The comments at an Abu Dhabi Petroleum Conference shows the divide between the US and Gulf Arab countries it supports militarily in the wider Middle East.

FOX Business host Larry Kudlow laid out the price surge under the Biden Administration and the impact it's having on the midterms on 'Kudlow.'

Energy experts criticized President Biden on Friday after he claimed a day earlier that gasoline prices were more than $5 a gallon when he took office.

While the White House has done a victory lap on falling gasoline prices, federal energy agencies and independent consumer groups have sounded the alarm on heating costs this winter.

Conservation and recent unseasonably warm weather have eased fuel supply concerns in the wake of Russian President Vladimir Putin's invasion of Ukraine

Consumer confidence dropped in October after rising the past few months as inflation — and particularly the cost of gas and groceries — has taken a toll.