Oil

The average price for a gallon of regular gasoline in the U.S. hit a record high this week. Automobile club AAA shows Tuesday's national average at $4.17, up from $4.06 on Monday and $2.77 a year ago.

If Western nations ban Russia's oil imports, they threatened to close the main gas line to Germany which would skyrocket gas prices.

Canadian politician in Alberta wants U.S. to revived Keystone XL pipeline supported by Trump to offset Russian oil imports during war in Ukraine.

Former Vice President Mike Pence on Tuesday did not rule out a run in 2024 while speaking during an exclusive interview with “Mornings with Maria.”

Rep. David Kustoff, R-Tenn., slammed the Biden administration for its unwillingness to ramp up domestic energy production to help combat America's energy crisis.

Oil giant Shell apologized on Tuesday for its purchase of Russian crude oil last week and announced it will withdraw from involvement in all Russian hydrocarbons.

Record gas prices and creeping inflation will cost the average American family $3,000 more per year, according to Yardeni Research.

While the U.S. considers lifting sanctions in Venezuela, the country's oil infrastructure is no longer in place to resume the 3.2 million barrels a day production the country had in the 1990s.

Energy industry representatives said the reason so many drilling permits sit unused is more complicated than White House Press Secretary Jen Psaki suggested.

Talks of a natural gas pipeline from Israel to Europe could be rekindled to provide the continent with an alternative to Russian gas amid Putin's invasion of Ukraine, Chevron CEO Michael Wirth said at the CERAWeek conference in Houston on Monday.

Officials from the Organization of the Petroleum Exporting Countries on Monday met with executives of several top U.S. shale oil companies at a top U.S. energy conference as energy prices soared over supply concerns.

White House press secretary Jen Psaki suggested during Monday's press briefing that claims the Biden administration's policies are preventing domestic drilling are inaccurate, which echoed an assertion she made last week that the industry “is literally sitting on stockpiled leases and permits.”

Transportation Secretary Pete Buttigieg on Monday said the American people stand to benefit from having more electric vehicles on the road but failed to elaborate on how they could become more affordable.

Gas prices across the U.S. reached their highest levels in over a decade Monday as Russia’s invasion of Ukraine compounded problems beset by lingering supply chain issues.

White House press secretary Jen Psaki suggested Monday that the Keystone XL Pipeline, the construction of which President Biden canceled on his first day in office, would not have made a difference in the nation's skyrocketing gas prices.

Exxon Mobil CEO Darren Woods told the CERAWeek energy conference Monday that producers are trying to ramp up production, but that doing so was tough even before the Ukraine crisis.