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fuel prices
Government, Business, Fuel

Ban on ‘Excessive’ Gas Prices Heading for House Vote

The U.S. president would have the authority to declare an emergency that would make the sale of gasoline at “excessive” prices illegal under legislation House Democrats plan to bring to the floor next week.

Ari Natter and Billy House | Bloomberg News
May 12, 2022
Government, Business, Fuel

Gas Prices Hit Record With Driving Season Looming

Retail gasoline and diesel prices rallied to a record just ahead of the nation’s summer driving season, a challenge for President Joe Biden and the Federal Reserve as they face the fastest inflation in decades.

Alex Longley and Devika Krishna Kumar | Bloomberg News
May 10, 2022
Business, Fuel

At More Than $4.30 a Gallon, Gasoline Nears Its March Record

Gasoline pump prices in the U.S. are rising to within a hair of an all-time record three weeks ahead of the peak driving season.

Chunzi Xu | Bloomberg News
May 9, 2022
Government, Business, Fuel, TCA

New England Copes With Soaring Diesel Prices

Experts worry that a continuing rise in diesel costs will affect prices at your local grocery store, on top of the inflation that has already caused prices to soar. And currently that pain is particularly acute in New England, where diesel prices have vaulted past the $6-a-gallon mark.

Rick Sobey | Boston Herald
May 5, 2022
Government, Business, Fuel

Top Democrats Push for FTC Crackdown on High Gas Prices

WASHINGTON — Citing growing worries about high gasoline prices, Democratic leaders announced an effort April 28 to give the Federal Trade Commission increased authority to crack down on companies that engage in price gouging.

Kevin Freking and Matthew Daly | Associated Press
April 28, 2022
Government, Business, Fuel

Dems Consider Legislative Moves to Cut Gas Prices

House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer met on April 27 to discuss possible legislation to reduce gas prices, according to a Democratic aide.

Erik Wasson | Bloomberg News
April 27, 2022
Business, Technology, Fuel

Amazon Adds 5% Fuel, Inflation Surcharge for Sellers

Amazon.com Inc. will charge businesses that sell products on its website a 5% fuel and inflation fee beginning April 28, according to documents reviewed by Bloomberg, a first for the company.

Spencer Soper | Bloomberg News
April 13, 2022
Government, Business, Fuel

Dems Accuse Oil Execs of Profiteering as War Strains Supplies

Congressional Democrats excoriated executives from some of the world’s biggest oil companies on April 6, accusing them of exploiting the war in Ukraine and a surge in crude prices to secure windfall profits at the expense of American motorists.

Bloomberg News
April 6, 2022
Business, Technology, Fuel

Visa, Mastercard to Ease Rules, Allowing Stations to Raise Pump Limit

Visa Inc. and Mastercard Inc. are planning a raft of changes to rules for gas stations to allow larger transactions after a surge in fuel prices across the U.S. made it hard for some drivers to fill up using credit cards.

Jenny Surane | Bloomberg News
April 1, 2022
Government, Business, Fuel

House Panels Have Mixed Success Getting Oil Execs to Appear

Executives from major oil companies will participate in a House Energy and Commerce Committee hearing next week on skyrocketing gasoline prices, but another House panel didn't have as much success getting witnesses to agree to appear.

Ari Natter | Bloomberg News
March 29, 2022

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