Gas price dip is a head fake
A key gasoline contract is signaling more pain at the pump for Americans. Andy Lipow, the president of Lipow Oil Associates, estimates that the rebound of gasoline futures, up over 30 cents per gallon, will end the recent pullback of pump prices.
Oil prices higher in early Asian trading as EU-wide ban of Russian oil considered
Oil prices were higher in early Asian trade, on reports that support for a European Union-wide ban on the purchase of Russian oil is growing inside the bloc.
Biden says economic strategy working after inflation rises to 40-year high and oil prices skyrocket
President Biden on Monday touted his administration's achievements in improving the economy, but noticeably failed to address key developments that have bit into the pocketbooks of many Americans.
Louisiana oil companies face challenges trying to ramp up production: 'We're doing all we can'
The White House has banned all Russian oil and gas imports, but ramping up U.S. production is not that simple. Companies not only need hundreds of thousands of dollars to get equipment back up and running, they also need the manpower.
Saudi Arabia says it won't take blame for oil shortages after facilities hit by Houthi rebels
The Saudi Arabian government issued a statement Monday saying it will not "bear any responsibility" for global oil shortages after several of their facilities were targeted by Yemen's Iran-backed Houthi rebels over the weekend.
Trump: US has natural resources that 'crazies' don't want to use, and it makes us non-competitive
Former President Trump argues that Biden is responsible for 'destroying' the country and 'may also be responsible for destroying the world.'
Trump says US needs to get off the sidelines in Ukraine’s fight for survival
The former president argues in an exclusive interview with 'Varney & Co.' that what the U.S. can do to help Ukraine survive is 'enormous' and that the war would have never started if he was president.
Oil causing 'a lot of pain under the surface' in consumer sector: Investment expert
The Bear Traps Report founder Larry McDonald argues that the longer inflation sticks around, the more it forces people out of financial assets and into hard assets.
Gas prices slightly lower, but no sign of significant relief in future
The price of gasoline slipped over the weekend after setting a record high a week ago, and any signs of longer-term relief are very hard to find.
Biden's pursuit of Venezuelan oil while shunning US energy and Keystone XL slammed: 'climate craziness'
The Biden administration has flirted with lifting oil sanctions on once-shunned Venezuela to temper surging oil prices yet it appears unwilling to encourage investment in domestic energy production.
Russia, Ukraine crisis will hit global economy: NABE Survey
The Russia, Ukraine conflict is becoming a bigger headwind for the global economy as it recovers from the COVID-19 pandemic.
With little progress in Russia-Ukraine talks, oil prices rise in Asia Monday
Oil prices rose in Asian trade Monday after talks between Ukraine and Russia showed little signs of progress, Dow Jones Newswires reported.
Gas prices spent weekend lower
The price of gasoline continued moving lower over the weekend after setting a record high a week ago.
Gas prices: Diesel nears $7 per gallon in California
California's drivers know that gas in the Golden State is much more expensive than the rest of the nation
GOP launches voter registration initiative at gas stations amid surging pain at the pump
The Republican National Committee is launching an initiative to register voters at gas stations in response to the record surge in gas prices that has Americans paying over $6 per gallon in some areas.
Progressive leader Jayapal blames corporate America for rising gas prices, not Biden
House Democrats are turning up the pressure on oil companies as high gas prices continue to hurt drivers, with a congressional hearing planned for April to question oil executives.
Baker Hughes joins oil rivals in pausing Russian operations
U.S. oil field services company Baker Hughes said Saturday that it was suspending new investments for its Russia operations.
Ukrainian Parliament member says Europe should 'cut all trade ties with Russia'
A member of the Ukrainian parliament told FOX Business that Europe should end all trade relations with Russia amid the Russian invasion into Ukraine.
IEA proposes 10 ways to lower oil demand globally as gas prices surge
The International Energy Agency has released a report detailing 10 actions governments and consumers could take now to reduce oil demand, warning that gas prices could continue to surge.
High gas prices spark struggle for food truck vendors: 'You really have to roll the dice'
Food truck vendors who cover their own gas are desperately trying to stay afloat amid record gas prices.