Oil

U.S. crude prices cratered on Tuesday and are now down 27% from the $130 per barrel peak.

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, warned that food inflation could rise by 20 percent this summer.

Biden has recently made a concerted effort to blame Russia's ongoing invasion of Ukraine as the main source of economic turmoil in the U.S., pointing to disrupted markets.

Oil prices fell more than 5% on Monday to the lowest in nearly two weeks amid hopes for progress toward a diplomatic end to Russia's invasion of Ukraine - a development that would boost global supplies - while a pandemic-linked travel ban in China cast doubt on demand.

The Biden administration tapped teenage TikTok influencers last week to coordinate messaging on Russia’s invasion of Ukraine and blame Vladimir Putin for rising gas prices, according to a recording of a call between White House officials and the social media stars.

It's never been more expensive for volunteer food drivers to make deliveries for nonprofits. The cost of gas in Georgia is more than $4 per gallon, an all-time high.

British Prime Minister Boris Johnson met with oil and gas industry leaders on Monday to discuss his country’s energy security as it looks to move away from Russian hydrocarbons following Russian President Vladimir Putin’s invasion of Ukraine.

Nonwhite voters have been most impacted by inflation and their growing frustration poses a threat to Democrats ahead of the 2022 midterms, according to the findings of a recent poll.

Rideshare company Lyft has followed its competitor, Uber, in adding a fuel surcharge to customers due to soaring gas prices.

Rep. Ro Khanna and Sen. Sheldon Whitehouse are pushing a plan that would tax energy companies for half of the difference in the current price for each barrel they sell and the average price from 2015 through 2019.

As gas prices in the U.S. continue to surge, there are a number of actions the federal government could take to bring them back down to earth.

Joe Petrowski, former CEO of Cumberland Farms Gulf Oil Group, told "Mornings with Maria" that he has "never seen anybody as inept in energy as the Biden administration."