Americans have long used gas prices as a way to gauge the country’s economy. Falling fuel costs typically lift presidential approval rates along with the standing of whoever’s in the White House – while rising costs have the opposite effect.
gas prices
Posted inBusiness, Local & State
Falling gas prices give Maine drivers a break heading into summer
The downward trend is a reversal of the typical bump in prices following Memorial Day and the start of vacations for millions of Americans.
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Posted inBusiness, Nation & World
U.S. gas prices falling. Experts point to mild demand ahead of summer travel
If there are no major unexpected interruptions, prices could keep trending down.
Posted inBusiness, Nation & World
Biden releasing 1 million barrels of gas from Northeast reserve in bid to lower prices at pump
Tapping reserves is one of the few actions a president can take by himself to try to control inflation.
Posted inBusiness, Nation & World, News
Congressional leaders discussing Iran oil sanctions
That legislation could increase crude prices by as much as $8.40 a barrel, which would add 20 cents per gallon for gasoline if the sanctions were passed into law and enforced.
Posted inNews
Crews respond to early morning fire at Panda Market in Buxton
A popular Buxton market known for its Chinese food and low gas prices is a total loss after an early morning fire. Buxton Fire-Rescue responded to a call at Panda Market just before 1:20 a.m. Sunday. Crews found heavy fire from the middle section of the store, assistant fire chief Jeremy Redlon said. They were […]
Posted inBusiness, Local & State, News
Mainers are paying less to heat homes and fill vehicles this winter. Here’s why.
Weak global demand and higher domestic oil production have led to energy savings for consumers so far this winter.
Posted inBusiness, Nation & World, News
Gasoline is surging all over the world in fresh inflation blow
Gasoline prices are often a topic of contention as those costs can be an essential daily expense for many, alongside food and rent.
Posted inBusiness, Nation & World, News
Oil giants rake in steep profits amid high energy prices
Gasoline eased somewhat towards the end of the quarter, but customers were still paying more than $3.79 a gallon of regular, on average, in late September.
Posted inBusiness, Nation & World, News, Politics
What is the strategic oil reserve, and can it lower gas prices?
With Election Day on the horizon and gas prices rising, President Biden proposes releasing another 15 million barrels of oil.