Gas Prices

Climate protesters were carried out of Shell's annual general meeting in London on Tuesday after they attempted to rush the stage shouting, "Shut down Shell!"

The average price for a gallon of gas was $3.53 for the week ending May 18, 2023, according to AAA data. Low oil prices and a decline in demand for gas kept prices at the pump low, as more people are projected to travel for the Memorial Day weekend this year, AAA reported.

Average gas prices dipped to $3.53 per gallon for the week ending May 11, 2023, AAA reported. The low cost of oil has kept gas prices on the decline despite a rise in gas demand, AAA said.

Gas prices decreased last week, but rising interest rates have raised concerns of a recession, according to AAA.

The head of one of America's biggest oil producers argues the Biden administration's restrictions on the industry has been the "dumbest thing" done "for political reasons."

Gas prices increased by nine cents to $3.64 per gallon as oil prices rise. And although gas prices have dropped year-over-year, Americans have been facing high inflation in 2023.

Just four in 10 Americans report that they would at least be somewhat likely to buy an electric vehicle the next time they want to purchase a car, per a new poll.

The Biden administration "did nothing" to refill the U.S. Strategic Petroleum Reserve when oil prices were low, Canary CEO Dan Eberhart warns about energy insecurity.

After OPEC announced it intends to decrease production starting in May, gas prices increased, according to AAA’s latest gas prices report.

The potential sales come as lawmakers and regulators across the U.S. debate the future of natural gas for home heating and cooking as more towns and cities look to phase it out.

Oil prices eased in early Thursday trading after Asian markets opened as weak U.S. labor market data indicated economic demand may slow and impact demand.

Market analysts said the oil production cut announcement Monday from a powerful oil-rich Saudi-led coalition will drive U.S. gasoline prices higher ahead of peak driving season.

GasBuddy head of petroleum analysis Patrick De Haan says OPEC's surprise production cut served as a "wild card" to gas prices, warning the Midwest and Florida will see spikes first.

Treasury Secretary Janet Yellen said that the decision by OPEC+ to reduce oil production isn't a positive move for global growth amid persistent inflation.

Gas prices may surge as we head into the summer driving season due to the latest productions cut from OPEC+, according to experts.

Surprise oil production cuts announced by OPEC+ on Sunday sent oil prices soaring higher, with Brent crude surging to more than $83 a barrel on Monday.

Gas prices decreased this week to $3.49 per gallon, AAA reported. And prices could hold steady as the price of oil remains low, despite a rise in demand for gas.

Saudi Arabian Oil Co., also known as Aramco, announced it earned a record-high profit of $161.1 billion during 2022 following higher crude oil prices that soared mostly during Q3.

Gas prices increased for the week ending March 9, 2023. But global oil costs, low demand and other factors may lead to a drop in gas prices.

Gas prices decreased this week. But several factors ranging from the Federal Reserve’s actions to lower inflation and the war between Russia and Ukraine could push prices higher in the coming weeks.