gas prices

A viral image of a 7-Eleven charging $7.11 was taken in 2021, and doesn't reflect the current state of gas prices in the U.S.

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.

In an interview Thursday with The Associated Press, the president says the American people are "really, really down" after two years of pandemic, volatility in the economy and surging gas prices.

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.

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.

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