Gas Prices

Gas prices slid back below $4 per gallon last week as demand continues to fall, according to AAA.

A federal judge struck down the federal oil and gas leasing moratorium Thursday evening, potentially ending the policy President Biden has pursued since taking office.

The largest oil and gas industry group outlined its opposition to Democrats' Inflation Reduction Act, arguing that the bill will lead to higher costs for companies and consumers.

President Biden approved a massive Gulf of Mexico fossil fuel lease sale, which his administration chose not to defend in court, when he signed the Inflation Reduction Act on Tuesday.

Sen. Joe Manchin, D-W.Va., admitted Tuesday that it would take some time for prices to come down nationwide following the signing of the Inflation Reduction Act.

Americans can expect to pay higher energy prices as a result of Democrats' massive climate and tax spending package, which President Biden signed into law on Tuesday, experts said.

JPMorgan CEO Jamie Dimon says that boosting natural gas production in the United States does not equate with being against climate change.

Schork Report principal Stephen Schork called out the Biden administration for claiming they are responsible for falling gas prices, stating it's due to a lack of demand.

Industry representatives, Sen. Joe Manchin and others are still debating competing claims on how Democrats' spending and tax bill will affect U.S. energy.

Gas prices continue to decline from a record-high national average of over $5 per gallon last month, dipping just before $4 per gallon for the first time since March.

Hungarian inflation rose at the fastest rate in nearly twenty-five years as consumer food prices continue to soar amid hikes in interest rates.

Major energy traders are losing hundreds of millions of dollars as they scramble to plug a liquefied natural gas supply gap after serval outages prevented efforts to fill storage.

Costco is a retail warehouse that allows customers to purchase items at discounted prices as long as they sign up for an annual membership.

Labor Secretary Marty Walsh explained the moves the Biden administration has taken to try and lower costs for Americans as inflation sits at a four-decade high.

Gas prices fell last week as consumer demand dropped from last year, and this downward trend could continue in the coming weeks, according to AAA.

Republican states are preparing policies seeking to hit back at banks and financial institutions that have pledged to boycott fossil fuel investments as part of their green agenda.

Uber's CEO, Dara Khosrowshahi, announced a new feature that allows drivers to see how much they can make from a trip before accepting it.

Former CEO of Cumberland Farms Gulf Oil Group Joe Petrowski forecasted on Monday that "retail gasoline prices will exceed $5" by the end of the summer.

GasBuddy head of petroleum analysis Patrick De Haan noted that there is a downtrend in gas prices and explained what could cause them to come back up.

Experts slammed President Biden after he touted a modest decrease in gas prices, a change of tune from when the president said there was little he could do about surging costs.