gas prices

The people and equipment they need are already hard at work.

Bus and train ridership has dipped since the start of the pandemic. High fuel prices, spurred in part by the war in Ukraine, may change that.

And they’re passing the cost on to their customers.

The savings would average about $100 a year for drivers, and that’s assuming all the savings would get passed on to consumers.

If several Democratic lawmakers have their way, consumers could soon get a break from a tax of 18.3 cents per gallon.

Biden’s ban on Russian oil may raise already high fuel prices. Though recessions followed past runups, this time may be different.

Gas prices are based on oil prices, and traders are getting nervous about a potential ban on imported Russian oil.

Europe and the U.S. have not ruled out bans on oil and gas purchases. For some countries, ending imports would be harder than for others.

“It is ultimately about supply and demand,” one expert says. And COVID-19.

President Biden has released 50 million barrels of oil from strategic reserves, but oil production hasn’t caught up to pre-pandemic levels.