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Gas prices

California bill could penalize oil companies for price gouging

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

by Mitchell Hartman
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?

by Sabri Ben-Achour
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
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If you asked Santa for a break at the gas pump, you may get your Christmas wish

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

by Andy Uhler
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
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U.S. oil reserve tumbles to lowest level in 4 decades

by Samantha Fields
Sep 22, 2022
Biden authorized the release of crude from the Strategic Petroleum Reserve to boost supply and ease gas prices after Russia invaded Ukraine.
An oil refinery in Wilmington, California. The Strategic Petroleum Reserve now holds around 427 million barrels, down from nearly 600 million at the beginning of the year.
Allison Dinner/Getty Images
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The price of gasoline is down, but just about everything else is still getting more expensive

by Justin Ho
Sep 13, 2022
Fresh consumer price index data pretty much guarantees a big interest rate hike when the Federal Reserve meets next week.
The cost of gasoline fell by more than 10.5% in August, according to the Department of Labor's consumer price index. But just about everything else was more expensive.
Scott Olson/Getty Images
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High inflation looks different, hits harder, in rural America

by Savannah Maher
Sep 2, 2022
Rising costs and slower-growing incomes cut small town households’ discretionary income by 38% in the last year, pressuring a way of life.
Recent inflation is eating into rural households’ savings and disposable incomes faster than those of urbanites, according to research from Iowa State University.
Mario Tama/Getty Images
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In rural areas, the high cost of diesel is driving up the cost of doing business

by Hugh Cook
Aug 30, 2022
Rural Americans often travel longer distances or use diesel-based equipment, so they are disproportionately affected by fuel prices.
People living in rural areas are feeling the squeeze of higher diesel prices because they often drive longer distances and use diesel-reliant equipment.
Andrew Caballero-Reynolds/AFP via Getty Images
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Gas prices are down, but consumer sentiment is up only slightly. Why?

by Mitchell Hartman
Aug 15, 2022
Fears about a possible recession, as well as still-high prices for food and rent, are making people more cautious in their spending.
A bus driver fills up at a gas station in Brooklyn on August 11, 2022 in New York City. While fuel prices are still historically high, they have fallen below four dollars a gallon in some regions of the country, bringing inflation relief to millions of Americans who depend on their cars for work and other activities.
Spencer Platt/Getty Images
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