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.
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.
Gas prices have recovered somewhat nationwide, but they have continued to spike in California, hitting an average of $6.39 per gallon on Friday.
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.
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.
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.
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.
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.
Oil refineries have lost capacity over recent years, making it nearly impossible to increase supply and stabilize gas prices at the pump.