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Higher gas prices are likely here to stay through the holidays

Nov 25, 2021
President Biden has released 50 million barrels of oil from strategic reserves, but oil production hasn't caught up to pre-pandemic levels.
Gas prices are nearly 60% higher than this time last year, according to AAA.
Andrew Caballero-Reynolds via Getty Images

Biden administration considers its options as gas prices rise

Nov 18, 2021
Officials are considering releasing oil from the strategic reserve. They’re also pushing the FTC to investigate possible price gouging.
With consumers feeling inflation-fueled pain at the pump, the government has more options than dipping into oil reserves.
Justin Sullivan via Getty Images