Gas Prices

Gas prices are nearing a record high for this time of year, and they are likely to rise a few cents in the coming week due to rising wholesale prices — but some relief may be coming.

The Labor Department said the consumer price index showed that inflation ticked higher in August as price pressures in the economy remained unusually high.

Oil prices hit their highest levels in 2023 last week following an announcement by Saudi Arabia and Russia that they would deepen their previously announced oil production cuts.

Saudi Arabia and Russia announced a deal to extend oil production cuts until the end of 2023, further constricting supply and sending crude prices soaring.

The national average cost for a gallon of gas dropped by one cent from last week to $3.82 in response to production constraints, according to the latest report from AAA.

Hurricane Idalia slammed Florida as a Category 3 storm on Wednesday. A gasoline contamination issue impacted several filling stations in cities across the state.

The average price of gas dropped this week as oil prices follow a downward trend, according to AAA. Motorists may see some pressure at the pump as they get closer to Labor Day weekend.

Republicans are launching a nationwide campaign targeting vulnerable Democrats in 21 congressional districts over skyrocketing gas prices.

The national average price for a gallon of gas increased this week despite a decrease in oil prices, AAA reported. But severe weather could have a major impact on gas prices in the weeks to come.

Walmart is boosting the discount it and Exxon Mobile offer to those belonging to the retailer's paid membership program on gasoline for a month, the company said Tuesday.

The average price for a gallon of gas was unmoved over the past week, AAA reported. But an increase in oil prices could spike what consumers pay at the pump, even as they deal with record-high vehicle financing costs.

Oil prices jumped to the highest level in months on Monday days after Saudi Arabia announced that it would extended production cuts for another month.

'The Ramsey Show' co-host Jade Warshaw joins 'Mornings with Maria' to share tips on how to cut back on energy costs.

The national average price of gas increased 11 cents per gallon for the week ending August 3, AAA reported. But Americans could soon see lower prices at the pump as summer draws to a close.

Gas prices are climbing – up nearly 30 cents from a month ago – due in part to high temperatures, which is hurting refinery production, according to an industry expert.

Gasoline prices surged as oil prices heated up, and there's room for more increases, according to AAA.

Temps are soaring across the nation, challenging refineries, while the price of oil is rising. The combination may result in higher prices in the middle of the summer travel season.

The national average price for gas rose to $3.58 for the week ending July 20, AAA reported. Gas price bumps can add to overall auto costs, but there are ways to lower these expenses.

The average price for a gallon of gas was $3.52 for the week ending July 6, AAA reported. And overall lower gas prices are encouraging Americans to seek road trips this summer. But inflation, high interest rates and recession fears may hold them back.

Convenience store chain Sheetz is offered customers a patriotic discount at the gas pump for the Fourth of July by selling gas for just $1.776 per gallon.