gas prices

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

Biden wants Congress to give people a break on the federal gas tax for the summer. But economists say that won't translate into big savings at the pump — and could hurt efforts to curb inflation.

Gas prices are finally dropping a bit after topping $5 per gallon, but the president says he's still considering suspending the federal gas tax, which could save Americans up to 18.4 cents per gallon.

The drop doesn't signal a rapid descent to the low prices of 2021, but drivers could see modest decreases continue in the coming weeks, analysts say.

Across the globe drivers are rethinking their habits and personal finances amid skyrocketing prices for gasoline and diesel.

President Biden says he wants the biggest refiners to do more to increase gasoline supply and lower prices. He says he's ready to use emergency powers to boost capacity — but he didn't give details.

Gas prices could rise even further after hitting an average national price of $5 a gallon for the first time. Here are 4 things to know

Consumers are paying more around the country. No state's average is below $4.28, according to AAA. But in California, drivers are paying $2 more than that amount.

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.