Psaki pressed on how long 'temporary' inflation actually will be
White House press secretary Jen Psaki was pressed Friday about just how long Americans can expect high inflation to continue.
Russia-Ukraine war shows world 'very dependent on carbon,' renewables 'not ready yet,' Rubenstein says
Carlyle Group co-chairman David Rubenstein told FOX Buiness that the major lesson of the Russia-Ukraine war for the energy industry is that carbon energy sources are here to stay.
Gas prices surpass $4, leading Americans to make lifestyle changes: AAA
According to an AAA survey, two-thirds of Americans said gas prices were already too expensive when the national average hit $3.53 per gallon a few weeks ago.
Despite sanctions amid war with Ukraine, Russia's economy not likely to collapse, experts say
Despite the punishing financial sanctions, Russia has built "an economy that’s geared for conflict," said Richard Connolly, an expert on the Russian economy at the Royal United Services Institute in Britain.
US barreling toward recession, experts say, as inflation hits 40-year-high
Experts tell FOX Business the U.S. economy is barreling toward a recession, or may already be in one.
Rep. Gimenez slams US working with 'dictator' for oil
Rep. Carlos Gimenez, R-Fla., says he's wary of potential oil deal talks with Venezuela.
Tanker owners are steering clear of Russian oil cargo
Tanker freight rates have tripled since Russia invaded Ukraine, but most big operators aren’t hauling Russian oil and gas even though many governments haven’t halted imports of fuel from the country.
Oil analyst warns gas prices will continue to rise amid 'very ugly' inflation, fuel shortage looming
The Schork Group principal Stephen Schork warned that gas prices will continue to soar amid “very ugly” inflation and that a recession is “unavoidable at this point.”
Oil analyst warns recession currently 'unavoidable'
The Schork Group principal Stephen Schork warns that the average price for gas 'is going to remain high' and notes that 'as offshoot, food prices have to remain high.'
Gas prices increased the most in these states
In the first week of March, 10 states saw prices at the pump increase more than 50 cents, according to AAA.
Stuart Varney: Democrats have ‘no answer’ to inflation, record gas prices
FOX Business’ Stuart Varney argues the Biden administration have ‘no answer’ to the inflation problem which they ‘largely created.’
US drifting toward 'enormous danger of nuclear war', Newt Gingrich says
Former Speaker of the House and Fox News contributor Newt Gingrich weighs in on the Russia-Ukraine war and the U.S. looking to foreign countries for oil.
How high will gas prices go? Experts weigh in
The worst is yet to come for American consumers, experts say, as gas prices hit a national average of $4.28 per gallon on Wednesday.
Virginia Gov. Youngkin pushes gas tax holiday as surging prices ‘steal America’s income’
Virginia Gov. Glenn Youngkin joins Georgia's governor in suspending their respective states' gas tax.
Inflation 'very ugly situation right now': Stephen Schork
The Schork Group principal Stephen Schork says oil and gasoline are already 'at crazy levels' and warns that prices will only continue to rise as travel demand increases over the summer.
Virginia looks to halt state gas tax for one year
Virginia Republican Gov. Glenn Youngkin gives an update on the state's effort to alleviate surging oil prices.
Inflation, Biden policy ‘steals America’s income’: Gov. Youngkin
Virginia Gov. Glenn Youngkin says the Biden administration has sapped the US’ greatest advantage: energy independence.
US crude rises 4% as market looks at how to fill supply gap
The price of oil resumed its move higher on Thursday morning after a sharp drop on Wednesday.
Consumer price inflation expected to keep climbing
The consumer price index hit a 40-year high in January, and economists expect the surge to continue.
Lawmakers call for 100-year-old law that makes US gas shipping more expensive to be waived
After Biden banned Russian oil imports this week amid Putin's invasion of Ukraine, lawmakers are calling for the president to waive the Jones Act, a century-old law that critics deride as protectionist because it requires all oil and cargo shipped between U.S. ports to be on American built vessels with an American crew.