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Stories Tagged as

Gas prices

Biden administration considers its options as gas prices rise

by Justin Ho
Nov 18, 2021
Officials are considering releasing oil from the strategic reserve. They’re also pushing the FTC to investigate possible price gouging.
There are several factors that go into why the price for gas can be so different from country to country.
Justin Sullivan via Getty Images
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The first great shock of the energy transition

by David Brancaccio and Daniel Shin
Nov 4, 2021
Vijay Vaitheeswaran, editor at The Economist, on what energy shortages and rising fuel prices mean for the transition to clean energy.
An aerial view of a crude oil storage facility is seen on May 5, 2020 in Cushing, Oklahoma. Rising demand for crude oil along with rising gas prices has led to an "energy shock" as the world attempts to transition to clean energy.
Photo by JOHANNES EISELE/AFP via Getty Images
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Labor Day gas prices are the highest in years

by Caroline Champlin
Sep 6, 2021
Demand shot up this summer as people hoped to get out. Then Hurricane Ida stopped some production.
In 2012, gas prices in Los Angeles were over $5 a gallon.
Frederic J. Brown/AFP via Getty Images
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Why politicians have little sway over gas prices

by Andy Uhler
Aug 12, 2021
In an attempt to moderate gas and oil prices, Biden has asked OPEC to increase production, despite it being a function of market forces.
Gas prices near $6 a gallon at a Shell station on July 12 in San Francisco.
Justin Sullivan via Getty Images
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Americans are hitting the roads again for July 4th

by Caroline Champlin
Jul 2, 2021
But will high gas prices make a difference in what they drive and where they go?
Fourth of July weekend gas prices for 2021 are expected to be the highest since 2014.
Scott Olson/Getty Images
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Starting up the gas grill may cost you a bit more this year

by Andy Uhler
Jul 1, 2021
Heating your home too. Propane futures are trading at roughly twice what they were the past two summers and retail prices are up as well.
Elevated propane prices are making cookouts less affordable and might do the same to home heating when the winter comes.
Johannes Simon/Getty Images
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Pain at the pump? Think Iran.

by Scott Tong
Jun 21, 2021
Yes, the economy is reopening globally. But gasoline prices are also affected by Iran's latest election.
The price of crude oil has risen $3 to about $75 per barrel since Iran elected Ebrahim Raisi president last week.
Justin Sullivan via Getty Images
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Fuel shortages at gas stations following pipeline hack

by Andy Uhler
May 12, 2021
Many people are running out to top up ... just in case.
Gas stations begin to run out of gasoline after drivers rushed to fill up on May 11, 2021 in Atlanta, Georgia.
Megan Varner/Getty Images
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How Texas weather disruptions will ripple through oil supply chain

by Justin Ho
Feb 17, 2021
Even after the weather starts improving, this crisis' effects are likely to linger and be felt far beyond the Lone Star State.
The Gulf Coast handles roughly half of the U.S.'s oil refining capacity.
Andrew Caballero/Reynolds
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COVID-19

Will rock-bottom gas prices spur holiday travel despite pandemic?

by Justin Ho
Dec 21, 2020
AAA estimates that 34 million fewer people will travel Christmas week than last year at this time.
One industry analyst predicts that Christmas Day gas prices are likely to be at their lowest levels since 2015.
Chris Delmas/AFP via Getty Images
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