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Stories Tagged as

Gas prices

Public transit could get a boost from high gas prices

by Savannah Peters
Mar 10, 2022
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.
With gasoline prices reaching record highs, many people are on board with public transportation.
Spencer Platt/Getty Images
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Small businesses are feeling the pinch of rising prices at the gas pump

by Justin Ho
Mar 10, 2022
And they're passing the cost on to their customers.
Small business are experiencing the ripple effects of higher fuel costs.
Justin Sullivan/Getty Images
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Why a gas tax holiday likely wouldn't make a big difference at the pump

by Matt Levin
Mar 9, 2022
The savings would average about $100 a year for drivers, and that's assuming all the savings would get passed on to consumers.
Even if the federal gas tax is paused, there's no guarantee those savings would be passed on to consumers.
Scott Olson/Getty Images
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Lawmakers want to suspend the federal gas tax. Is that a good idea?

by Janet Nguyen
Mar 9, 2022
If several Democratic lawmakers have their way, consumers could soon get a break from a tax of 18.3 cents per gallon.
The national average for a gallon of regular gas was $4.252 on March 9, AAA reported, breaking the 2008 record of $4.10.
Stefani Reynolds/AFP via Getty Images
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Has the pandemic made the U.S. less vulnerable to oil price spikes?

by Matt Levin
Mar 8, 2022
Biden's ban on Russian oil may raise already high fuel prices. Though recessions followed past runups, this time may be different.
High oil prices may not affect the U.S. like they used to. We produce a lot of the commodity ourselves, and many households are flush with savings.
David Ryder/Getty Images
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How rising oil prices make gasoline more expensive

by Justin Ho
Mar 7, 2022
Gas prices are based on oil prices, and traders are getting nervous about a potential ban on imported Russian oil.
Gasoline prices have surged along with the price of crude oil. The war in Ukraine has raised the possibility of a ban on imports from Russia, which could squeeze the global supply.
Mandel Ngan/AFP via Getty Images
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Pressure to stop buying Russian energy builds

by Amy Scott
Mar 4, 2022
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.
Europe and the U.S. are facing calls to terminate imports of Russian oil and natural gas. That would be harder for some countries than for others.
Lionel Bonaventure/AFP via Getty Images
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$100-a-barrel oil may soon be a reality — and stick around

by Andy Uhler
Jan 19, 2022
“It is ultimately about supply and demand,” one expert says. And COVID-19.
High oil prices mean high gas prices. The costs at the pump may not go down anytime soon.
Justin Sullivan/Getty Images
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Higher gas prices are likely here to stay through the holidays

by Justin Ho
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
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Biden's release from petroleum reserve probably won't move gas prices

by Andy Uhler
Nov 23, 2021
They're high because oil producers aren't ramping up supply quickly enough.
Oil producers' “incentives are all aligned to keep prices high," an expert says. "And that is going to create some real pain for consumers.”
Andrew Caballero-Reynolds/AFP via Getty Images
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