Gas prices coming down but inflation will likely stay high
Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months.
OPEC, allies agree to boost oil production by slower pace than previous months
As a result, experts said the amount of oil on the market might not keep up with demand, so high oil prices may persist for some time.
Average US gasoline price falls 32 cents to $4.54 per gallon
The average U.S. price of regular-grade gasoline has plunged more than 30 cents in the last two weeks.
US inflation reached 9.1% in June, a new 40-year high
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
Gas prices: Phoenix station selling fuel for $3.99 per gallon
The owners of CK Food Mart are selling gas for $3.99 per gallon in Phoenix. “We don’t care about the money right now. People need help right now.”
'It's worth it': Georgia gas station loses nearly $12K selling discounted gas
The Georgia gas station dropped the price to less than $2 a gallon for customers on the Fourth of July. The owner says he lost nearly $12,000 in just three hours, but it was worth it to see the smiles on his customers' faces.
Falling gas prices welcome news for Fourth of July travelers looking to avoid airport delays
Flight delays and cancellations may push more people to drive for the Independence Day holiday.
Arizona business moves closer to clients to avoid increasing gas prices
How far would you be willing to go to save on gas money? What would you change in your life? One couple decided to move, and it’s already saved them hundreds of dollars. FOX 10's Steve Nielsen has the story.
Gas Tax holiday: What you should know as calls continue for relief amid high inflation
As discussions continue over President Joe Biden's proposal for a federal gas tax holiday that he claims can provide relief for drivers, here's what you should know about the gas tax, what it's used for, and why some say a gas tax holiday might not work.
Biden calls for 3-month suspension of gas and diesel taxes
Biden wants to suspend the 18.4 cents-a-gallon tax on gas and 24.4 cents-a-gallon on diesel fuel, administration officials say. Prices are averaging about $5 a gallon nationwide.
Map: Which states have the highest and lowest gas tax?
The national gas tax average is 57.09 cents per gallon, but some drivers are paying a lot more than that, while others pay much less.
Gas station that fired manager who sold gas for 69 cents declining GoFundMe money: report
The man who was fired for mistakenly selling gas at 69 cents a gallon in Rancho Cordova said the company is declining thousands of dollars raised to repay for the error.
'Breaking Bad' actor says Americans should 'stfu' about gas prices if they 'love capitalism so much'
The national average for a gallon of gas sits at more than $4.98.
Phoenix gas station selling fuel way below the average: 'We are helping our community'
The owners of a gas station who practice the Sikh religion have decided to help people when they need it most, and they're doing it by lowering their gas prices in Phoenix.
Biden to consider a gasoline tax holiday
The administration is increasingly looking for ways to spare Americans from higher prices at the pump.
Gas prices soar around the world amid Russia-Ukraine war, rebound from COVID-19
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
The average price for an EV has surpassed $60K; here are some affordable options
Soaring fuel prices prompted skyrocketing demand for EVs. Here are the most affordable options, for now.
Biden hosts international climate change meeting amid high gas price pressure
Friday's meeting comes as Biden has been focused on boosting fossil fuel production to reduce high gas prices.
California gas station manager fired after accidentally selling fuel for 69 cents a gallon
A gas station manager in California is out of a job after he mistakenly set his pumps to just 69 cents a gallon instead of $6.99.
Biden tells oil refiners: Produce more gas and diesel, fewer profits
In a draft letter to refiners, Biden said their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record-high gas prices.