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High oil prices may hurt poorest Americans most

Sep 27, 2023
Tight global supply raises costs for industry and motorists, but for now, the pain is milder than it was during price spikes decades earlier.
Gasoline prices in Burbank, California, last week.
Mario Tama/Getty Images

Uptick in gas prices could threaten consumers' confidence

Aug 10, 2023
Inflation at the pump is in the pipeline for August. It would likely show up right before the Fed’s September interest rate meeting.
The recent uptick in gas prices can largely be attributed to intense heat in oil refining areas.
Brandon Bell/Getty Images

Oil refiners have added capacity. That should reduce the risk of sticker shock at the gas pump.

Jun 29, 2023
Last year's price spike was largely the result of a shortage of refining capacity.
Capacity at oil refineries seems to be going up.
Patrick T. Fallon/AFP via Getty Images

Saudis cut oil production — but that might not lead to higher gas prices

Jun 5, 2023
Cutting production usually leads to an increase in prices. Here's why that might not be the case this time.
This time last year, gas was averaging $4.85 a gallon, according to AAA. Average prices at the pump are now down more than a dollar.
Stefani Reynolds/AFP via Getty Images

Next car may be electric, about 4 in 10 people say in poll

Apr 11, 2023
Saving money on gas is the main reason they would buy an EV, according to experts. But cost is still a deterrent.
New battery requirements could prevent some EVs from qualifying for the full tax credit offered by the federal government, says Leah Stokes at UC Santa Barbara.
Saul Loeb/AFP via Getty Images

California bill could penalize oil companies for price gouging

Mar 28, 2023
The law aims for transparency in a state known for high gasoline prices.
Prices at a San Bruno, California, gas station in October. Prices in the state are lower today but remain higher than in other states.
Justin Sullivan/Getty Images

Consumer sentiment inched up in December — from all-time lows

Dec 23, 2022
The University of Michigan consumer sentiment index rose 5% from November, but was still 15% lower than one year ago.
Gas prices falling from their summer peaks have helped lift consumer sentiment — if only slightly.
Brandon Bell/Getty Images

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Inflation slows again. What now?

Dec 13, 2022
Prices rose 7.1% in November compared to a year ago — less than expected.
The gas prices drivers paid at the pump dipped 2% in November.
Michael M. Santiago/Getty Images

If you asked Santa for a break at the gas pump, you may get your Christmas wish

Dec 7, 2022
It's not the most wrappable holiday gift, but it's a popular one. Here's why we're seeing a dip in oil prices.
Brandon Bell/Getty Images

Strategic oil release comes with guaranteed buybacks, but will anyone do the drilling?

Oct 20, 2022
Oil companies have been hampered by labor and capital costs and $70 a barrel may not be enough to lure them.
The White House plans to buy oil to refill the strategic petroleum reserve at roughly $70 per barrel — a break-even point for most on-shore U.S. oil producers.
Frederic J. Brown/AFP via Getty Images