It's depressing standing next to the pump watching the dollar figure climb higher and higher for less and less gas. But one professor explains why he thinks $5 a gallon will be less shocking for consumers than $4 a gallon.

With much of the country paying more that $4 a gallon for gas, Senate Democrats and Republicans are squaring off over whether to cut tax credits for oil companies.

Oil company executives will come before the Senate Finance Committee tomorrow to defend the tax breaks their companies receive from the government. We get a preview of what's to come.

Mississippi floodwaters are heading south to Louisiana. That's home to more than 10 percent of the nation's refining capacity.

The BBC's Andrew Walker explains how the recent slump in commodity prices reflects slow economic growth.

Commodity prices have fallen sharply after disappointing economic news on jobs and growth in the U.S. Without consumer demand, the commodity prices would continue to fall.

Crude oil futures have slipped to $109 a barrel after government reports point to a slowdown in the economic recovery.

Drivers groan when gas prices rise. But what are the actual effects, in comparison to our perceptions?

Today, Exxon Mobile is reporting first quarter earnings close to $11 billion. But that's no surprise due to the cost of gas, both in the U.S. and in Europe.

So did Shell. It's all got politicians teeing up evil-oil rhetoric, except they are leaving one thing behind: the facts.