Oil

The average price for a gallon of gasoline in the U.S. is about $3.41, with California getting hit hardest. The average price for a gallon of gasoline in "Golden State" is $4.69, according to AAA.

The Biden administration has asked some of the world’s largest oil-consuming nations to consider releasing some of their crude reserves in a coordinated effort to lower prices and stimulate the economic recovery, according to several people familiar with the matter.

A slim 32% of Americans plan to travel for turkey day this year, which is a 35% decline from the last November, during the height of the coronavirus pandemic, according to GasBuddy's 2021 Thanksgiving Travel Survey.

The U.S. Department of Interior announced that new oil and gas leasing within 10 miles of Chaco Culture National Historical Park will be prohibited for the next two years as officials consider a proposal to withdraw federal land in the area from development for a 20-year period.

Prices in California, according to AAA, have been on an uphill swing, increasing from the $4.625 per gallon mark a week ago. About a month ago, prices were $4.466 per gallon, according to AAA. However, prices were hovering at $3.176 per gallon a year earlier.

White House press secretary Jen Psaki on Friday declined to specify how the Biden administration plans to tackle soaring gas prices, despite assurances from the president that addressing the matter is a "top priority."

Sen. Roger Marshall responds to U.S. Energy Secretary Jennifer Granholm, saying gas prices are 'no laughing matter.'

Energy experts are slamming a group of Senate Democrats who sent a letter to President Biden urging him to ban the U.S. crude oil exports in a move they say would lower gas prices for everyday Americans.

House Speaker Nancy Pelosi raised eyebrows with her comments about the U.S. military being a larger polluter than 140 countries combined.

Prices for meat, gasoline skyrocketing as Americans cope with rising inflation