EU remains 'deeply divided' on Russia sanctions: Nile Gardiner
Former Foreign Policy Adviser under Margaret Thatcher Nile Gardiner provides insight into the European Union approving a partial Russian oil ban.
Gas prices on the road to $5 nationwide very soon
The national average of regular gasoline jumped four cents overnight, reaching $4.71 per gallon and yet another record high Thursday.
Oil gets a boost: Biden celebrates as OPEC+ agrees to ramp up production
OPEC and its allies said Thursday that the oil producing nations would begin pumping an additional 200,000 barrels of oil a day in July and August.
Gas average hits $4.72 – six months after DCCC thanked Biden for 2-cent decrease
The national average for a gallon of unleaded gasoline hit $4.72 on Thursday, exactly six months after the DCCC notoriously celebrated a 2-cent decrease.
Biden saying he can't flip inflation switch is 'devastating': Energy expert
'Power the Future' founder and CEO Daniel Turner argues the U.S. economy runs on fossil fuels.
Stuart Varney: Root cause of inflation 'disaster' is Biden’s policies
FOX Business' Stuart Varney on the impact of Biden abandoning US energy independence and embracing more spending as the country sees a stark rise in prices
Biden and Democrats must stop ‘reckless spending,’ reverse course in policy to fight inflation: Expert
Heritage Foundation President Kevin Roberts discusses red-hot inflation and the energy market.
US may ‘already’ be in a recession: Expert
Former White House Council of Economic Advisers Chair Tomas Philipson weighs in on inflation and the risk of a recession.
Oil falls as Saudi Arabia ready to pump more if Russian output sinks: report
Saudi Arabia is reportedly prepared to increase oil production if Russia's output falls substantially under the new sanctions imposed by the European Union.
Sanctioned Russian oligarch's megayacht found in UAE creek
Russian oligarch Andrey Melnichenko's megayacht, Motor Yacht A, was found docked at a United Arab Emirates creek after the billionaire's first yacht was seized in March.
Tennessee college going remote on Fridays to save students gas money
A Tennessee community college will be holding classes virtually on Fridays through August in an effort to save students' from paying exorbitant gas prices.
Gas prices soar past $8 per gallon at California gas station
Gas prices have surpassed $8 per gallon at a gas station in California as the country saw the price of gas hit a new record over the Memorial Day holiday weekend.
Italy imports more Russian oil despite impending embargo
Italy has increased its Russian oil imports following the recent European Union embargo to reduce Russian oil imports by 90% as a punishment for invading Ukraine.
US will see higher gas prices if oil production is not increased: Former energy secretary
Former Energy Secretary Dan Brouillette told FOX Business that if we don’t increase oil production in the U.S., Americans will see higher gas prices.
Increasing oil production in US will ‘moderate’ gas prices: Fmr Energy Sec. Brouillette
Former Energy Secretary Dan Brouillette suggests if we don’t increase oil production in the U.S. Americans will see higher gas prices.
US ‘lacking’ oil production: Fmr Energy Sec. Brouillette
Former Energy Secretary Dan Brouillette argues that since the U.S. is ‘lacking’ in oil production, it’s causing high gas prices.
Consumer spending tapering off ‘problematic’ for the economy: Expert
Mayflower Advisors managing partner Larry Glazer and National Taxpayers EVP Brandon Arnold weigh in on record-high gas prices and inflation.
High gas prices causing 'demand destruction,' expert says
"Demand destruction," when motorists reduce fuel due to high prices, "is happening" just ahead of the busy summer driving season, according to Andy Lipow, president of Lipow Oil Associates.
Inflation has not peaked, oil prices will continue to rise: Energy expert
Oil Associates President Andy Lipow said gas prices could approach $5 a gallon if oil continues to rise following the EU’s decision to ban most Russian imports.
Energy expert on the trajectory for oil, gas prices
Lipow Oil Associates President Andy Lipow forecasts gas prices could hit $5a gallon as oil prices continue to rise.