Oil

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.

Colin Parfitt, a vice president of Midstream at Chevron, said a transition to green energy could take decades, and should focus on reliable and affordable energy.

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."

Oklahoma announced sweeping actions to ban 13 prominent financial institutions from doing business in the state after an internal review found the companies engage in energy boycotts.

The World Bank expects much of the fall that has already occurred to now be steady for the remainder of the year, with prices possibly lifting in 2024.

ExxonMobil Senior Vice President of Global Operations Janet Matsushita says the oil producer's new expansion project is providing the economy with "much needed" affordable energy.

Democratic candidate for president Robert F. Kennedy Jr. once argued for big oil companies and conservative groups opposed to climate policies to be handed the "corporate death penalty."

ExxonMobil and Chevron are working together on developing new gasoline formulas that will bring down emissions to compete with electric vehicles.

Economic slowdown, warfare tensions and hurricane season loom over the oil market's horizon, and AAA's Andrew Gross details where U.S. gas prices are heading.

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.

The Biden administration's EV push doesn't give "a tinker's damn" about the cost to taxpayers or the oil industry, former U.S. Energy Secretary Rick Perry told Kudlow.

Food executives and companies won't cut food prices while the cost of oil – and, therefore, transportation – is surging, John Catsimatidis said in reaction to new inflation data.