What Europe's ban of Russian oil could mean for energy markets – and your gas prices
The EU ban on Russian oil imports will likely lead to higher crude and gasoline prices, further upending energy markets.
oil prices
31 countries plan a big release of emergency oil to ease gasoline prices at the pump
The International Energy Agency plans to release 120 million of barrels of oil from their emergency reserves, including 60 million from a previously announced U.S. drawdown.
Here are 3 reasons why Big Oil can't just drill more to ease the pain at the gas pump
The Biden administration is encouraging U.S. oil companies to increase their production to help curb record-high gasoline prices. Turns out, however, that boosting output is easier said than done.
Oil prices are surging toward $100 a barrel. Here's what that means for you
The threat of war between Russia and Ukraine is driving prices sharply higher, but there's more at play than just geopolitical tensions.
Average Gas Prices Are Below $2. A Few Stations Are Even Selling For Under $1
AAA says the national average is $1.997 per gallon and it's expected to drop further in the coming weeks. In a few places it's less than half that, but most Americans aren't driving much these days.
We're Barreling Toward An Epic Glut Of Oil
The supply of oil has surged as the coronavirus pandemic has destroyed demand. Prices have plummeted and analysts are starting to ask if the world will have enough space to store all the extra oil.
Trump Steps In To Help Oil Industry Facing Its Own Coronavirus Crisis
The oil industry has faced reduced demand from coronavirus, made worse by a global price war. The Trump administration says it will help by buying up cheap oil for the nation's strategic reserve.
Gas Prices Are Approaching $2
Drivers are saving money at the pump, but that's a small silver lining in the big gray cloud of coronavirus-related economic turmoil. AAA says the national average could dive to $2 per gallon soon.
Gas Prices Continue To Drop In North Carolina
As concerns grow about the spread of coronavirus in North Carolina, there is one bright spot. Gas prices remain among the lowest in the country and are expected to go even lower.
Oil Prices, Stocks Plunge After Saudi Arabia Stuns World With Massive Discounts
Oil prices dropped as much as 30% following the unexpected Saudi decision to cut prices and boost production. The move reflects the uncertainty surrounding the coronavirus and its economic effects.