gasoline prices

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Biden Making Another Move to Keep Gas Prices From Skyrocketing

President will announce he's authorizing the release of 15M more barrels, sources say

(Newser) - President Biden is authorizing the release of another 15 million barrels from the Strategic Petroleum Reserve and will announce the move Wednesday, sources say. The release, expected sometime in December, will complete the White House's planned release of 180 million barrels, which was announced earlier this year and is...

Gas Is on the Path to Less Than $3 per Gallon

Though experts warn that's not a guarantee

(Newser) - For 62 days straight, the average national price for a gallon of gas has fallen, reaching $3.96 on Monday. That's around a 21% drop—$1.06 per gallon—since the $5.02-a-gallon high reached on June 14, reports CNN Business . In nearly 30 states, a gallon now costs...

Average Price for Gas in US Hits $5 a Gallon
Gas Prices Hit
a Nationwide First
Jun 11, 2022 5:30 AM CDT

Gas Prices Hit a Nationwide First

Average cost per gallon in the US is now $5, according to AAA

(Newser) - The nationwide average price for a gallon of gasoline has topped $5 for the first time ever. Auto club AAA said the average price on Saturday was $5.00. Motorists in some parts of the country, especially California, are paying far above that. The national average price has jumped 19...

Biden to End Summer Ban on 15% Ethanol Gas

New strategy to lower gas prices to be announced Tuesday

(Newser) - President Biden on Tuesday will announce plans to allow the sale of gasoline containing 15% ethanol this summer in a bid to further lower prices at the pump , according to reports. Most gasoline sold contains up to 10% ethanol. The 15% ethanol blend, E15, costs 10 cents less per gallon...

As Prices Spike, Biden to Tap Oil Reserve: Sources
It's the Biggest
Drawdown 
of US Oil
in History
UPDATED
Mar 31, 2022 11:40 AM CDT

It's the Biggest Drawdown of US Oil in History

President orders release of 180M barrels from US reserves over six months

(Newser) - Update: This summary has been updated with new developments throughout. President Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, the White House said Thursday, in a bid to control energy prices that have spiked since...

US Sees an Unwanted First on Gas Prices

For first time, average price of a gallon goes over $5 in one city

(Newser) - Russia's invasion of Ukraine has pushed gas prices sky-high. For the first time in any US city, the average price of a gallon of gas hit $5 in San Francisco on Thursday. The rest of California, the state where gas is the priciest at a current average of $4....

Some Gas Stations Are Running Out of Gas

As the July 4 holiday weekend looms

(Newser) - Not only are gas prices their highest in nearly seven years—in some parts of the US, you might struggle even to be able to get gas at all. Stations are running out of fuel, CNN reports, due to a tank truck driver shortage and rising demand leading to supply...

Guy in Hummer Fills Up 4 Gas Containers. Then, Flames

Vehicle burst into flames shortly after

(Newser) - The latest in the US gasoline panic: A Hummer burst into flames at a Florida gas station moments after the driver filled up four 5-gallon gas containers Wednesday morning. Citrus County Fire Rescue crews were called to an intersection near the Homosassa gas station around 11am to find the vehicle...

Promotion With 1959 Prices Causes Long Lines in LA

Police shut down jammed gas station

(Newser) - A city-wide promotion in Los Angeles for a popular Amazon television series caused chaos when drivers lined up for hours to cash in on 1950s gas prices, the AP reports. Amazon partnered with nearly 30 businesses to roll back prices Thursday in honor of The Marvelous Mrs. Maisel, which is...

This Will Be the Priciest Driving Season Since 2014

US daily national average for regular gasoline hits $2.81 per gallon

(Newser) - Get ready for a little bit more pain at the pump this summer. Crude oil prices are at the highest level in more than three years and expected to climb higher, pushing up gasoline prices along the way, the AP reports. The US daily national average for regular gasoline is...

'Dramatic Turnaround' Projected for Gas Prices

Prices projected to be lower July 4 than on Jan. 1

(Newser) - In what USA Today calls a "stunning" moment for analysts, gas prices are projected to be lower on the Fourth of July than they were on New Year's Day. That's the first time consumer data tool GasBuddy has made such a projection in its 17 years (the...

Rumors Swirl as Gas Shortage Hits N. Korea

Beijing may have tightened supply

(Newser) - An acute shortage of gasoline in the North Korean capital of Pyongyang that has sparked price hikes and hoarding is raising fears of potentially crippling pain at the pumps if things don't get better soon—and driving rumors that China is to blame. The shortage, which is extremely unusual...

Southeast Braces for Gas-Price Spike
Southeast Braces
for Gas-Price Spike
Sep 16, 2016 12:17 PM CDT

Southeast Braces for Gas-Price Spike

Thanks to major spill that shut down part of Texas-to-NY pipeline

(Newser) - In what's being called a supply "red alert," a part of the Colonial Pipeline that transports gas from Houston to New York—serving about 50 million people in 13 states daily, per CNN and the Wall Street Journal —has been shut down since Sept. 9, when...

Gas Hasn't Been This Expensive in 6 Years

Happy July 4, all!

(Newser) - Getting to your town's fireworks display will cost you a little more than it has in years past: As of yesterday, a gallon of unleaded gas clocked in at an average $3.67. That's the highest it's been on the July Fourth weekend since 2008. What you...

$4.66: Calif. Gas Hits Twin High Notes

Refinery outage spikes prices to more than $5 a gallon in places

(Newser) - California gas prices hit a four-year record $4.61 yesterday, reports the LA Times , but for those who blinked and missed it, prices hit another all-time high of $4.655 today, according to AAA. Yesterday's average of $4.6140 was the highest since June 19, 2008, when it was...

Obama May Tap Oil Reserves
 Obama May Tap Oil Reserves 
Aug 17, 2012 1:19 PM CDT

Obama May Tap Oil Reserves

White House wants to reduce prices to help consumers, hurt Iran

(Newser) - Think the price of gas is getting too high? The Obama administration agrees. It's currently "dusting off old plans" to potentially tap the Strategic Petroleum Reserve, a source tells Reuters . Driving down the price of oil would help consumers and the US economy while also hurting Iran, ensuring...

Illinois Mayor to Residents: Leave Town to Buy Gas

Prices are too high; Tim Baldermann encourages boycott

(Newser) - An Illinois mayor has an odd request for residents of his town: Don't buy gas here! New Lenox Mayor Tim Baldermann is annoyed, as are many residents, that New Lenox gas stations tend to charge more than those in neighboring areas. At a New Lenox Speedway, the price is...

Gingrich: Romney Too Rich to Get Gas Prices

Mitt doesn't understand importance of lowering prices, Newt says

(Newser) - Mitt Romney recently panned Newt Gingrich's promise of $2.50-per-gallon gasoline if he's elected president, and Gingrich fired back today on Fox & Friends , claiming Romney just doesn't understand the importance of lowering the price. "If you’re Mitt Romney and you’re rich enough, maybe...

US Drivers Set to Spend Most Ever on Gas in 2011
US Drivers Set to Spend
Most Ever on Gas in 2011
depressing records
Sep 13, 2011 10:27 AM CDT

US Drivers Set to Spend Most Ever on Gas in 2011

Total tab could hit $491B

(Newser) - The average price for a gallon of gas at a US pump was at a not-too-pretty $3.66 yesterday. The good news: That's significantly lower than the $4.11 all-time high hit in 2008. The bad news: We'll likely have 2008 beat when it comes to a stat...

Oil Falls Below $100 a Barrel, and Gas Prices Expected to Drop as Well

 Gas Prices  
 Expected to ... Drop 
in case you missed it
May 8, 2011 12:13 PM CDT

Gas Prices Expected to ... Drop

Oil falls under $100 as Americans start driving less

(Newser) - It looks like gas prices will start heading down for once. Both AP and the New York Times quote experts saying the price has probably peaked and will begin ticking downward from the national average of just under $4. Skeptics can look to oil prices, which dropped below $100 a...

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