Oil

Although the national average is about 1.8 cents higher compared to a week ago, De Haan, head of petroleum analysis for GasBuddy, projects that prices will "start declining gently" because oil prices are $3 a barrel lower than their peak a few weeks ago.

The Biden administration has a range of tools to combat rising energy prices, but the reality is that it won't use most of the effective and simplest ones.

Line 5 transports up to 22.68 million gallons, or 540,000 barrels per day, of light crude oil, light synthetic crude, and natural gas liquids through Michigan’s Upper and Lower Peninsulas—originating in Superior, Wisconsin, and terminating in Sarnia, Ontario, Canada.

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Energy Secretary Jennifer Granholm has revealed President Biden may this week announce details on a long-term response to rising oil and gas prices.

As utilities prepare for a surge in demand, the U.S. is exporting a larger share of its natural gas than it ever has and shale producers aren’t quickly ramping up in response to high prices.

President Biden’s $1.7 trillion Build Back Better Act is expected to receive little to no GOP support in Congress, but Republicans have grown increasingly concerned about how the spending package could affect prices at the pump.

Larry Kudlow reacts to President Biden's radical tax and spending policies.

Energy Secretary Jennifer Granholm on Friday laughed at a question about boosting America's domestic oil production, calling it “hilarious.”

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, who is also in the oil industry, argued that oil will hit $100 a barrel “before you blink your eyes.”

The White House is exploring its options after OPEC+, a group of the world’s largest energy producers, moved ahead with planned production increases, ignoring President Biden’s plea to pump out more oil.

The Indian government is cutting taxes on fuel in an effort to boost its economy as it recovers from COVID-19 shutdowns

It may come as a relief for the nation which has been grappling with sky-high oil and gas prices, ultimately forcing the Biden administration to ask OPEC+ to help out America instead of going directly to U.S. oil producers.

Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in the United States, the world's largest oil consumer, and as pressure mounted on OPEC to increase supply.

Larry Kudlow shares his thoughts on President Biden's failed presidency

The Biden Administration is asking OPEC+ to pump more oil to lower skyrocketing U.S. energy costs.