Oil

This marks the most expensive Labor Day weekend gas prices since 2014, although some areas will hit consumers' wallets harder than others.

Hurricane Ida, which made landfall Sunday afternoon in Port Fourchon with winds of 155 miles per hour, knocked out a hefty majority of the offshore Gulf of Mexico oil and gas production.

Oil prices extended losses on Monday after the world's top exporter Saudi Arabia slashed crude prices for Asia over the weekend, signalling that global markets are well supplied.

French energy giant TotalEnergies SE plans to invest $27 billion in Iraq in a 25-year deal, according to people familiar with the matter, boosting its position in the country at a time when other Western companies have been rethinking their exposure.

Divers at the site of an ongoing oil spill in the Gulf of Mexico have identified the source as a one-foot diameter pipeline displaced from a trench on the ocean floor and sheared in half by Hurricane Ida.

Energy companies have worked to assess the extent of damage in the post-Ida Gulf landscape as over a million residents remain without power.

The U.S. Coast Guard said Saturday that cleanup crews are responding to a sizable oil spill in the Gulf of Mexico following Hurricane Ida.

California drivers will pay more this Labor Day weekend for gas than they ever have in the past.

Over the past week, gas prices around the nation have already increased 5 cents to about $3.18 per gallon, with the Great Lakes region seeing the largest increases.

U.S. Energy Secretary Jennifer Granholm on Thursday authorized the country's emergency oil reserve to loan 1.5 million barrels of crude to an Exxon Mobil refinery in Louisiana to relieve fuel disruptions in Hurricane Ida's wake.

As Post-Tropical Cyclone Ida moves northeastward toward Cape Cod on Thursday, the national average gas price has risen slightly to $3.18 per gallon.

John Catsimatidis, the owner of New York City supermarket chain Gristedes Foods and CEO of United Refining Company, blasted the Biden administration's energy policies on Wednesday calling them an “attack on America” and warned that those policy decisions will lead to higher prices.

The Biden administration plans to make federal lands cheaper to access for solar and wind power developers after the clean power industry argued in a lobbying push this year that lease rates and fees are too high to draw investment and could torpedo the president's climate change agenda.

Louisiana is experiencing major gas shortages in several areas, leading to long lines at the gas stations that still have fuel.