US inflation slips from 40-year peak but remains high at 8.5%
Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year jump in June.
Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year jump in June.
BP earnings triple to $8.5 billion as prices soared during Russia-Ukraine war
The good news for the London-based BP was bad news for consumers, as soaring energy prices contribute to the cost-of-living crisis in Britain and around the world.
The good news for the London-based BP was bad news for consumers, as soaring energy prices contribute to the cost-of-living crisis in Britain and around the world.
US inflation reached 9.1% in June, a new 40-year high
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
North Bay leads trend on banning new gas stations
A trend that began right here in the Bay Area is likely to speed up the acceptance of electric cars nationwide. The trend? Banning or placing moratoriums on new gas stations or the expansions of current ones.
A trend that began right here in the Bay Area is likely to speed up the acceptance of electric cars nationwide. The trend? Banning or placing moratoriums on new gas stations or the expansions of current ones.
California inflation relief refund: Here's who's eligible for payment
California residents who filed their 2020 taxes are eligible to receive a one-time payment of up to $1,050 as part of the state's inflation relief package.
California residents who filed their 2020 taxes are eligible to receive a one-time payment of up to $1,050 as part of the state's inflation relief package.
'It's worth it': Georgia gas station loses nearly $12K selling discounted gas
The Georgia gas station dropped the price to less than $2 a gallon for customers on the Fourth of July. The owner says he lost nearly $12,000 in just three hours, but it was worth it to see the smiles on his customers' faces.
The Georgia gas station dropped the price to less than $2 a gallon for customers on the Fourth of July. The owner says he lost nearly $12,000 in just three hours, but it was worth it to see the smiles on his customers' faces.
Gas prices take slight dip due to fear of a global recession
On Tuesday, the price of crude oil dropped 9%, the largest drop since March. Trading for natural gas, gasoline and heating oil have also recently declined.
On Tuesday, the price of crude oil dropped 9%, the largest drop since March. Trading for natural gas, gasoline and heating oil have also recently declined.
Bezos calls out Biden after president's appeal for lower gas prices
A Twitter war between two giants broke over gasoline prices. But, it may already be over because the combatants can't agree on the basic facts. In one corner, President Joe Biden. In the other, Amazon mega billionaire Jeff Bezos.
A Twitter war between two giants broke over gasoline prices. But, it may already be over because the combatants can't agree on the basic facts. In one corner, President Joe Biden. In the other, Amazon mega billionaire Jeff Bezos.
Road travel likely at pre-pandemic levels this Independence Day
Nearly fifty million Americans are predicted to travel on the roads this weekend nationwide, which would make this Independence Day weekend the second busiest ever according to AAA.
Nearly fifty million Americans are predicted to travel on the roads this weekend nationwide, which would make this Independence Day weekend the second busiest ever according to AAA.
California's gas tax goes up July 1: What you need to know
California’s gas tax increased July 1 after legislative leaders rejected Gov. Gavin Newsom’s proposal to suspend the hike to help drivers cope with sky-high prices at the pump.
California’s gas tax increased July 1 after legislative leaders rejected Gov. Gavin Newsom’s proposal to suspend the hike to help drivers cope with sky-high prices at the pump.
Falling gas prices welcome news for Fourth of July travelers looking to avoid airport delays
Flight delays and cancellations may push more people to drive for the Independence Day holiday.
Flight delays and cancellations may push more people to drive for the Independence Day holiday.
US officials return to Venezuela amid gas price hike
Senior Biden administration officials have quietly traveled to Caracas in the latest bid to rebuild relations with the South American oil giant as the war in Ukraine drags on, driving higher gas prices and forcing the U.S. to recalibrate other foreign policy objectives.
Senior Biden administration officials have quietly traveled to Caracas in the latest bid to rebuild relations with the South American oil giant as the war in Ukraine drags on, driving higher gas prices and forcing the U.S. to recalibrate other foreign policy objectives.
Californians could get up to $350 in gas refund: tentative deal with Newsom, lawmakers say
Governor Gavin Newsom and state lawmakers have tentatively agreed on a $9 billion deal to give eligible Californians some money back.
Governor Gavin Newsom and state lawmakers have tentatively agreed on a $9 billion deal to give eligible Californians some money back.
Biden calls for 3-month suspension of gas and diesel taxes
Biden wants to suspend the 18.4 cents-a-gallon tax on gas and 24.4 cents-a-gallon on diesel fuel, administration officials say. Prices are averaging about $5 a gallon nationwide.
Biden wants to suspend the 18.4 cents-a-gallon tax on gas and 24.4 cents-a-gallon on diesel fuel, administration officials say. Prices are averaging about $5 a gallon nationwide.
Gas station that fired manager who sold gas for 69 cents declining GoFundMe money: report
The man who was fired for mistakenly selling gas at 69 cents a gallon in Rancho Cordova said the company is declining thousands of dollars raised to repay for the error.
The man who was fired for mistakenly selling gas at 69 cents a gallon in Rancho Cordova said the company is declining thousands of dollars raised to repay for the error.
'Breaking Bad' actor says Americans should 'stfu' about gas prices if they 'love capitalism so much'
The national average for a gallon of gas sits at more than $4.98.
The national average for a gallon of gas sits at more than $4.98.
Fundraiser for California gas station employee who messed up at pump
John Szczecina said this last week has been a nightmare for him after accidentally charging 69 cents a gallon for gas at a station in Rancho Cordova.
John Szczecina said this last week has been a nightmare for him after accidentally charging 69 cents a gallon for gas at a station in Rancho Cordova.
Phoenix gas station selling fuel way below the average: 'We are helping our community'
The owners of a gas station who practice the Sikh religion have decided to help people when they need it most, and they're doing it by lowering their gas prices in Phoenix.
The owners of a gas station who practice the Sikh religion have decided to help people when they need it most, and they're doing it by lowering their gas prices in Phoenix.
Gas prices soar around the world amid Russia-Ukraine war, rebound from COVID-19
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
Thieves steal thousands in fuel from Virginia Beach gas station; resell at a discount: cops
Authorities say they have charged two men with stealing thousands of dollars in gasoline from a Virginia Beach gas station and reselling it to drivers at a discount.
Authorities say they have charged two men with stealing thousands of dollars in gasoline from a Virginia Beach gas station and reselling it to drivers at a discount.