Business

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Why Gas Prices Rose Despite Record U.S. Oil Output

U.S. crude output has hit record highs, but that alone does not determine what drivers pay at the pump. Gasoline prices are the result of a chain of factors—many outside domestic production levels—that can push prices...

Wright Outlines Plan to Ease Rising Energy Costs

At a press briefing, Chris Wright addressed mounting public concern about sharply higher energy prices, acknowledging the strain on households and businesses and describing a set of short- and long-term responses...

Hormuz Paralysis Keeps Gas Prices Elevated

Gasoline costs edged up as the conflict with Iran continued to squeeze shipping through the Strait of Hormuz, keeping Brent crude above $100 a barrel and maintaining pressure on consumers and markets. AAA reported the...

Iran conflict could trigger U.S. gas price surge

The conflict involving Iran is already disrupting global oil markets and is likely to push U.S. gasoline prices higher, Sahar Razavi, director of the Iranian and Middle Eastern Studies Center at California State...