gas prices

Sacramento police had to cut Saturday's event short because of the "overwhelming response." Meanwhile, a buyback event in Brooklyn gave iPads to people who dropped off certain types of firearms.

Gas prices surged to a national record, not adjusted for inflation, surpassing the previous milestone hit around two months ago. It comes just ahead of the key summer driving season.

The EU ban on Russian oil imports will likely lead to higher crude and gasoline prices, further upending energy markets.

E15 fuel is normally banned from sale in the warmer summer months because of concerns about air pollution. Biden said the U.S. will invest $100

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.

The proposal also includes transit cards that will help Illinois residents paying an average of $4.46 per gallon at the pump, compared to a national average of $4.23.

Also included in the proposed package is $750 million to give Californians free rides on public transit for three months.

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.

From cutting highway speed limits to launching car-free Sundays in big cities, the International Energy Agency proposes to cut the demand for oil by as much as 2.7 million barrels per day.

Gasoline prices hit record highs last week, so politicians in both parties proposed suspending state and federal gas taxes. But some warn such tax "holidays" may cut funding for needed road repairs.

The central bank raises its benchmark rate by a quarter percentage point in an effort to tamp down inflation. Additional rate hikes are likely in the months to come.