gas price news News Updates

Fluctuations in gas prices remain across the country. In California, gas prices are averaging $5.64 per gallon, while in South Carolina it’s $3.58 per gallon.

Sales got a boost from generous government tax refunds in both April and May, though economists say that cash cushion is starting to fade.

Most cars lose value the moment they leave a dealer’s lot. The Toyota RAV4 hybrid gains it.

The PCE jumped to 3.8% in April compared with a year ago, the Commerce Department said May 28, up from 3.5% in March and the highest since May 2023.

Gov. Gavin Newsom's office is urging drivers not to fill up at Chevron stations over Memorial Day weekend.

Brent crude, the international standard, fell 5.2% to $105.45 per barrel. But gasoline rose 3 cents overnight to $4.56 a gallon, according to AAA. 

Democrats had raised the state gas tax by 6 cents a gallon. Republicans responded by launching a referendum campaign to refer the tax and fee increases to voters.

Officials are considering language that gradually restores the taxes on gasoline and diesel, potentially over more than a year, to avoid shortages.

American Trucking Associations, Truckload Carriers Association and National Tank Truck Carriers released a statement detailing their position on the proposal.

California’s fuel watchdog has issued subpoenas to gasoline stations across the state that are charging anomalously high prices.