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.
oil prices
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.
We're Barreling Toward An Epic Glut Of Oil
The supply of oil has surged as the coronavirus pandemic has destroyed demand. Prices have plummeted and analysts are starting to ask if the world will have enough space to store all the extra oil.
Trump Steps In To Help Oil Industry Facing Its Own Coronavirus Crisis
The oil industry has faced reduced demand from coronavirus, made worse by a global price war. The Trump administration says it will help by buying up cheap oil for the nation's strategic reserve.
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.
Oil Prices, Stocks Plunge After Saudi Arabia Stuns World With Massive Discounts
Oil prices dropped as much as 30% following the unexpected Saudi decision to cut prices and boost production. The move reflects the uncertainty surrounding the coronavirus and its economic effects.
Oil Prices Reflect Concern, Not Panic, After Airstrike On Iranian General
Global oil prices rose by about 4% — a modest increase by historical standards — after the U.S. military killed Qassem Soleimani, the leader of Iran's Quds Force, in an airstrike in Baghdad.
What's Driving Low Gas Prices? A Global Oil Glut
Gasoline prices have been dropping steadily for months; they're averaging right around $2.25 per gallon nationally. Enjoy, but don't get used to them, analysts say.
Oil Prices Jump After OPEC Agrees To Bigger-Than-Expected Production Cut
Ignoring pressure from President Trump to keep the oil flowing, OPEC, Russia and other producers have agreed to cut production. They hope to stem a 30 percent drop in oil prices in recent weeks.