Oil

Prices in California are still the highest in the country and have far surpassed the national average which has fallen slightly from its highs earlier this month.

Mark Zandi argued the risk of recession is “uncomfortably high” amid Russia’s invasion of Ukraine and the spike in oil prices.

Rep. Dan Meuser argues President Biden's "assault" on domestic energy is causing record-high gas prices.

U.S. gas prices dropped by a penny overnight with the average cost of a gallon of gasoline now standing at $4.242 as lawmakers around the country attempt to ease the pain at the pump.

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 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.

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.

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.

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.