Soaring cost of diesel ripples through economy
Gas prices continue to rise as inflation surges in the U.S. FOX Business' Madison Alworth with more.
White House won’t name oil and gas companies it’s blaming for high prices
National Economic Council Director Brian Deese declined to specifically name any oil and gas companies that President Biden blamed earlier Thursday for exploiting the rise in energy prices.
Gas prices driving 173% increase in searches for electric cars
From Feb. 24 to March 25, searches for electric cars on Cars.com increased over 170%, with the strongest interest deriving from California, Florida, Texas and Illinois, according to the automotive website.
Dow tumbles 550 points as stocks suffer worst quarter in 2 years
U.S. stocks on Thursday ended the final trading session of March and the quarter lower, while oil prices fell as the Biden administration said the U.S. will release 1 million barrels daily from reserves.
Energy industry slams Biden's Strategic Petroleum Reserve release plan: 'Not a long-term solution'
President Biden is releasing one million barrels of oil per day from the Strategic Petroleum Reserve every day for the next six months.
Biden administration to release 1M barrels of oil daily from US reserves
The Biden administration will release 1 million barrels of oil each day for the next six months from U.S. reserves amid high gasoline prices.
Biden's pivot on US oil production draws ire from progressives, climate advocates
President Biden's plan to ramp up liquefied natural gas shipments to Europe to help the continent ween itself off Russian energy won applause from the oil and gas industry, but risks drawing the ire of progressives who want the White House to focus on combating climate change.
Sen. Kaine: Here's the challenge with the gas tax holiday
Sen. Tim Kaine, D-Va., discusses the gas tax holiday, the value of NATO and his experience with COVID.
The Fed's 'moving too slow': Kevin Hassett
Former Council of Economic Advisers Chairman Kevin Hassett predicts inflation will go on 'for years.'
US energy secretary: ‘Critical’ not to rely on oil, gas from other countries
Energy Secretary Jennifer Granholm notes the importance of U.S. oil and gas independence, but maintains the Biden administration won't change policies and regulations related to the industry.
OPEC refuses to increase oil output as US announces massive release of crude reserves
OPEC and its allies including Russia decided on Thursday to stick with a schedule of gradual production increases as the U.S. weighs an unprecedented release from its national strategic petroleum reserves in an attempt to bring down gasoline prices.
Biden's energy secretary: Admin has no plans to change policies related to industry
FOX Business' Edward Lawrence reports from the White House, where President Biden is tapping into the nation's oil reserve to better control high gas prices.
Biden plan to tap US oil reserve an attempt to 'flail and deflect': Marc Short
Marc Short slammed the Biden administration's energy policies during a Thursday segment of "Mornings with Maria."
Biden restricting US oil, gas drilling a jobs, supply killer: American Petroleum Institute VP
American Petroleum Institute Senior Vice President Frank Macchiarola says Biden's energy policies cost 50K American jobs and 500K barrels of oil per day -- the same amount of oil imported from Russia before its invasion of Ukraine.
Biden oil lease program giving away 50K jobs, 500K barrels
American Petroleum Institute Senior Vice President Frank Macchiarola details a study that found Biden’s five-year offshore oil and gas lease programs cost the U.S. the same amount of oil imported from Russia before its invasion of Ukraine.
Biden must ‘reverse course’ on energy, oil policies: American Petroleum Institute VP
American Petroleum Institute Senior Vice President Frank Macchiarola argues the Biden administration needs to end restrictions on U.S. oil production.
Crude prices fall on reports Biden plans to tap oil reserve
Oil prices fell more than $5 a barrel on Thursday as the United States is considering releasing up to 180 million barrels from its strategic petroleum reserve over several months to calm soaring prices.
Corn could be the answer to high gas prices
Bipartisan lawmakers push to produce ethanol year-round to deter dependence on Russian oil over its invasion of Ukraine.
Stocks edge lower, oil hits $107 ahead of inflation report
U.S. stocks slipped as investors monitored Russia's war on Ukraine along with key US economic data reports on jobs and growth.
Lawmakers call on Biden to expand ethanol use
FOX Business' Grady Trimble reports from Polo, Ill., where corn farmers are showing support for E15 gasoline to be available year-round.