gas prices

Consumers shop in the produce section of a Walmart store in Burbank, Calif., on August 15, 2022. Produce prices have been rising recently, the latest area hit by inflation.

Economy

Inflation dips in November, as gasoline savings eclipse grocery price increases

12:01pm December 13, 2022

by Scott Horsley

A new government report shows inflation cooled a bit in November. But prices are still climbing and the Federal Reserve is preparing to raise interest rates again.

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A flare to burn methane from oil production is seen in August 2021 on a well pad near Watford City, N.D.

Environment

Biden tightens methane emissions rules, even as the U.S. pushes for more oil drilling

11:53am November 11, 2022

by The Associated Press

Oil and gas production is the nation's largest industrial source of methane, the main component of natural gas, and is a key target for the Biden administration as it seeks to combat climate change.

California Gov. Gavin Newsom said on Friday that he will call a special session of the state Legislature on Dec. 5, to pass a new tax on oil companies in response to high gas prices.

California looks to target oil company profits in a special legislative session

9:43am October 08, 2022

by The Associated Press

Gas prices have recovered somewhat nationwide, but they have continued to spike in California, hitting an average of $6.39 per gallon on Friday.

A tentative deal announced Thursday would avert a strike on the nation's freight lines with the potential to throw supply chains into chaos. Above, a CSX freight train travels through Alexandria, Va.

A deal to avert a rail strike is on track, but it won't fix U.S. supply chain issues

10:22am September 16, 2022

by Scott Neuman

Supply chain disruptions have eased since the height of the pandemic, but concern over a potential rail strike, which appears to have been narrowly averted, highlights how that system remains fragile.

A person goes to the pump at a gas station in Arlington, Va., on July 29. The national average price of gasoline fell below $4 a gallon on Thursday.

Gas prices drop below $4 a gallon. These factors will determine what happens next

9:27am August 11, 2022

by Arezou Rezvani

The national average price of gasoline has fallen below $4 a gallon. These are four key factors that could determine what happens next with prices at the pump.

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A gas pump is seen at a gas station in Houston on June 9. Gas prices have dropped below $4 a gallon in parts of the country, although the national average remains above that level.

Economy

Gas prices are finally dropping. Here are 4 things to know

7:02am August 06, 2022

by Scott Horsley

The average price of gasoline nationwide is expected to drop below $4 a gallon in the coming days as prices continue to fall from the record highs hit in June.

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A combination of factors is pushing some people in rural areas to consider moving closer to cities.

Inflation is crushing rural America and may even drive people to the cities

1:27pm July 25, 2022

by Ben Abrams

Inflation is hitting hard in rural America and could accelerate depopulation in some parts of the country, according to the latest analysis from one expert.

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Then-Sen. Joe Biden is seen with former President Jimmy Carter watching the proceedings at the Democratic National Convention in Denver in 2008 where Biden would be the party's vice presidential nominee.

Politics & Government

When a first-term Democratic president struggles, people talk about Jimmy Carter

5:00am July 10, 2022

by Ron Elving

Biden has been faulted for speeches that do not seem to meet the moment or lack the urgency to compel others to follow. His soothing approach to issues that prompt anger has often failed to soothe.

A photo from Tacos y Birria La Unica's Facebook account.

Also hit by inflation? Your local taco truck

6:34am June 28, 2022

by Sean Saldana

Higher prices for gasoline, meat and vegetables and even cooking oil have put pressure on food trucks as they struggle to balance menu prices with customers' expectations of a low-cost meal.

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Economy

How a massive refinery shortage is contributing to high gas prices

5:00am June 26, 2022

by Brittany Cronin

Oil refineries have lost capacity over recent years, making it nearly impossible to increase supply and stabilize gas prices at the pump.