tag | gas prices

Refining capacity in the U.S. is about one million barrels a day below what it was prior to the COVID-19 pandemic.

The drop doesn’t signal a rapid descent to the low prices of 2021, but drivers could see modest decreases continue in the coming weeks.

Average national prices rose to $5.004 on Saturday, according to AAA

Biden suspended new leasing just a week after taking office in January 2021. A federal judge in Louisiana ordered the sales to resume, saying Interior officials had offered no “rational explanation” for canceling them.

What does it mean now that President Biden is planning the largest-ever release from its emergency oil stash as the U.S. reels from a surge in gasoline prices?

Electric cars and gas-electric hybrids are in short supply, and prices have been climbing rapidly.

…getting U.S. producers to drill for more oil is easier said than done.

A growing number of governors and state lawmakers are calling for the suspension of gas taxes to provide relief to motorists from record high prices. Legislative leaders in Pennsylvania announced proposals to suspended or reduce state gas taxes.