U.S. Economy

Americans can expect to pay higher energy prices as a result of Democrats' massive climate and tax spending package, which President Biden signed into law on Tuesday, experts said.

JPMorgan CEO Jamie Dimon says that boosting natural gas production in the United States does not equate with being against climate change.

Schork Report principal Stephen Schork called out the Biden administration for claiming they are responsible for falling gas prices, stating it's due to a lack of demand.

Industry representatives, Sen. Joe Manchin and others are still debating competing claims on how Democrats' spending and tax bill will affect U.S. energy.

Gas prices continue to decline from a record-high national average of over $5 per gallon last month, dipping just before $4 per gallon for the first time since March.

Hungarian inflation rose at the fastest rate in nearly twenty-five years as consumer food prices continue to soar amid hikes in interest rates.

Major energy traders are losing hundreds of millions of dollars as they scramble to plug a liquefied natural gas supply gap after serval outages prevented efforts to fill storage.

Costco is a retail warehouse that allows customers to purchase items at discounted prices as long as they sign up for an annual membership.

Labor Secretary Marty Walsh explained the moves the Biden administration has taken to try and lower costs for Americans as inflation sits at a four-decade high.

Gas prices fell last week as consumer demand dropped from last year, and this downward trend could continue in the coming weeks, according to AAA.

Republican states are preparing policies seeking to hit back at banks and financial institutions that have pledged to boycott fossil fuel investments as part of their green agenda.

The Port of Los Angeles said Tuesday that operations are much better right now than earlier this year. The U.S was hit by supply chain disruptions in November.

Uber's CEO, Dara Khosrowshahi, announced a new feature that allows drivers to see how much they can make from a trip before accepting it.

Former CEO of Cumberland Farms Gulf Oil Group Joe Petrowski forecasted on Monday that "retail gasoline prices will exceed $5" by the end of the summer.

Billionaire investor Ray Dalio analyzes the U.S. economy and the Federal Reserve's role as the Biden admin. tries to alleviate soaring inflation rates.

GasBuddy head of petroleum analysis Patrick De Haan noted that there is a downtrend in gas prices and explained what could cause them to come back up.

Federal Reserve Chairman Jerome Powell said Wednesday that the strong labor market likely means the U.S. economy is not in a recession, despite growing fears.

For nearly a decade, China has been targeting Federal Reserve employees in an attempt to undermine American monetary policy, according to a Senate report.

Experts slammed President Biden after he touted a modest decrease in gas prices, a change of tune from when the president said there was little he could do about surging costs.

The Department of Energy is issuing a notice to sell 20 million additional barrels of oil from the Strategic Petroleum Reserve, as part of an effort to lower gas prices.