gas price news News Updates

The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon on May 5, according to AAA.

A key inflation measure jumped in March as gas prices soared. Compared with a year ago, prices rose 3.5%, the biggest increase in almost three years.

Gas prices “have likely peaked” and are certain to decline once there’s a “resolution” to the war with Iran, Chris Wright said on CNN.

National average diesel prices sat at $5.65 a gallon on April 13, more than 60 cents above their previous high-water mark for this time, set in 2022.

Some 605 public, high-speed EV fueling stations switched on in the first quarter, a 34% increase over the year-earlier period.

Experts say differences in price aren’t typically decided by any individual gas retailer, and most of them aren't pocketing the extra pennies when prices rise.

The last time U.S. drivers were collectively paying this much at the pump was nearly four years ago, following Russia’s invasion of Ukraine.

The company will run additional hours at its Flint, Mich., factory starting in June, but doesn’t plan to add more workers.

Democratic Gov. Gavin Newsom’s office blasted the lawsuit, noting it comes as gas prices climb amid the Iran war and as some drivers consider going electric.

Record-breaking summer heat is forcing fuelmakers to cut back operations, just as dwindling supplies are causing gasoline prices to surge around the world.