U.S. Economy

The Federal Reserve is expected to raise interest rate this week by an estimated three-quarters percentage point which puts the target range between 2.25% to 2.5%.

Power The Future, a group that advocates for cheap energy, announced a six-figure ad buy Monday targeting President Biden over his similarities to former President Jimmy Carter.

Former White House Chief of Staff Mick Mulvaney calls out the Biden admin.'s video on gas prices and argues the drop in cost is due to Americans getting poorer.

Department of Transportation Secretary Pete Buttigieg touted declining gas prices after suggesting that pain at the pump was good for transitioning to electric vehicles.

Biden administration officials have said a return to the Iran nuclear deal could help drive down gas prices as frustration at the pump continues.

Senate Candidate Adam Laxalt, R-Nev., slams the Biden administration's inconsistent narrative on gas prices and inflation and argues Americans are still 'struggling.'

Summer food trucks are heading into their busy season, and owners are feeling the pinch of rising costs of supplies and ingredients while also grappling over fuel to keep the fryers going.

Patrick De Haan, GasBuddy's head of petroleum analysis, explained what factors could prevent the price of gas from continuing to fall, warning that markets "are extremely tight.”

FOX Business' Lauren Simonetti interviews two Texas oil producers on their business despite President Biden's war on fossil fuels and trip to Saudi Arabia.

Gas prices dipped slightly over the past week, even as more Americans were on the road for the July 4th holiday, according to AAA.

American Petroleum Institute CEO Mike Sommers ripped President Biden's approach to energy policy Thursday, saying his administration's agenda has contributed to inflation.

Food banks across the country are seeing a surge in demand once again as the U.S. feels the impact of record-high inflation. More than 53 million got aid in 2021.

The European Union is seeking an oil deal with Azerbaijan as it attempts to cut oil dependence on Russia amid its war in Ukraine.

Advance Auto Parts, Inc. has launched a "Drive of Your Life" contest that'll give drivers a chance at winning free gas for a year as Americans have faced higher gas prices in 2022.

Gas prices have spiked in the United Arab Emirates since the beginning of this year, a different reality in a region where fuel had been cheap in recent years.

Maintenance begins Monday on the Nord Stream 1 pipeline, the biggest single pipeline carrying gas from Russia to Europe. Companies fear the war in Ukraine will delay reopening.

Multiple House Republican leaders slammed the Biden administration Thursday after reports showed that emergency oil supplies have been sent to nations including China.

The U.S. Oil and Gas Association replied to President Biden's tweet on high gas prices, saying the "intern" who wrote the president's post should attend an economics class.

New Jersey drivers will have to show proof of Costco membership in order to purchase gas at their pumps as the company changes their policy after 18 years.

Former Interior Secretary David Bernhardt took aim at a Biden administration proposal released last week that gutted a Trump-era framework boosting offshore oil and gas production.