Record gas prices hit working class Americans with inflation already surging
With each passing day the disruption of oil markets related to Russia's invasion of Ukraine pushes up gas prices in the U.S. to a new record.
gas prices
Oil prices surge as fears about Russian crude supplies intensify
The global benchmark topped $115 briefly on Wednesday, just days after it crossed the triple-digit mark for the first time in seven years.
Oil prices are surging toward $100 a barrel. Here's what that means for you
The threat of war between Russia and Ukraine is driving prices sharply higher, but there's more at play than just geopolitical tensions.
Gasoline prices are surging. Can Biden actually do something about it?
Presidents don't set the gas price you pay at the pump, but they're often blamed for it. And right now, high energy prices are helping send inflation to an over 30-year high.
Americans Could Feel Ida's Impact At The Gas Pump
At least four of the nine oil refineries in Ida's path are believed to have paused their operations ahead of the storm. AAA says it's too early to know the full impact until power is restored.
An Extended Pipeline Shutdown Could Impact Gas Prices In Southeast U.S.
Colonial Pipeline has not set a timetable for restoring full service. If the shutdown continues several days, it could affect gas prices in the Southeast, experts say.
Average Gas Prices Are Below $2. A Few Stations Are Even Selling For Under $1
AAA says the national average is $1.997 per gallon and it's expected to drop further in the coming weeks. In a few places it's less than half that, but most Americans aren't driving much these days.
Gas Prices Are Approaching $2
Drivers are saving money at the pump, but that's a small silver lining in the big gray cloud of coronavirus-related economic turmoil. AAA says the national average could dive to $2 per gallon soon.
Gas Prices Continue To Drop In North Carolina
As concerns grow about the spread of coronavirus in North Carolina, there is one bright spot. Gas prices remain among the lowest in the country and are expected to go even lower.
Gas Prices On The Rise As Holiday Travel Approaches
More than a million North Carolinians are expected to travel as part of the July 4th holiday, and they'll face higher gas prices.