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Biden Blames High Gas Prices on Litany of Foreign Factors

Biden Blames High Gas Prices on Litany of Foreign FactorsJoe Raedle/Getty Images(NORFOLK, Va.) -- Vice President Joe Biden promised students at a Virginia high school a quick explanation for why U.S. gas prices are high and still rising, but then went on for 11 minutes, delving into the complexities of the o...

Small Losses for Stocks; Gas Average Stalls

Small Losses for Stocks; Gas Average StallsHemera/Thinkstock(NEW YORK) -- Stocks fell Tuesday on a dim report from the Federal Reserve.  The Dow fell 66 points, while the Nasdaq and the S&P both lost six points.Grim news in the minutes from the Central Bank's March meeting shows that p...

Average Gas Price Reaches Highest-Ever Mark for April

Average Gas Price Reaches Highest-Ever Mark for AprilKevork Djansezian/Getty Images(WASHINGTON) -- Gas prices are up, but at a slower rate than recent weeks.The average price of a gallon of regular gas is now $3.94, up 2 cents from a week ago and 26 cents from a year ago, according to the Department of E...

Gas Prices Spark TV Ad War Over Obama

Gas Prices Spark TV Ad War Over ObamaPriorities USA Action(WASHINGTON) -- The super PAC backing President Obama has joined an intensifying battleground state skirmish over high gas prices and oil company subsidies.A new TV ad by Priorities USA Action links Mitt Romney to the U.S. oil indu...

Gas Efficiency Threatens Highway Trust Fund

Gas Efficiency Threatens Highway Trust FundJupiterimages/Thinkstock(WASHINGTON) -- The federal Highway Trust Fund is being hobbled by politics, but it is also threatened by success. President Obama signed the Surface Transportation Extension Act of 2012 last week, which will ensure 90 more days...

Senate Rejects Obama Call to Strip Oil Company Tax Breaks

Senate Rejects Obama Call to Strip Oil Company Tax BreaksJEWEL SAMAD/AFP/Getty Images(WASHINGTON) -- A last-minute entreaty by President Obama wasn’t enough to convince senators to strip the oil and gas industry of billions in tax incentives.The president said Thursday that Americans are getting fleece...

Obama OKs Oil Exploration Along Atlantic Coast, But Not Drilling

Obama OKs Oil Exploration Along Atlantic Coast, But Not DrillingFile photo. iStockphoto/Thinkstock(WASHINGTON) -- The Obama administration on Wednesday endorsed new oil and gas exploration along the Atlantic Coast, setting the stage for possible future drilling lease sales.The announcement by the Interior Departme...

Gas Prices Reach Record High Again

Gas Prices Reach Record High AgainKevork Djansezian/Getty Images(WASHINGTON) -- Inching closer to the $4 mark, the average price of a gallon of regular gas in the U.S. is now $3.92, up 5 cents from a week ago,and 32 cents from a year ago, according to the Department of Energy.This is t...

In Oil and UFO Country, Obama Says, ‘I Come in Peace’

In Oil and UFO Country, Obama Says, ‘I Come in Peace’JIM WATSON/AFP/Getty Images(MALJAMAR, N.M.) -- President Obama had a simple greeting for his New Mexico hosts when he arrived at a Roswell airfield Wednesday afternoon: “I come in peace,” he said.The words -- a playful reference to the famo...

Sec. Chu Gives Energy Dept. an “A” on Gas Prices

Sec. Chu Gives Energy Dept. an “A” on Gas PricesSecretary of Energy, Steven Chu (US Department of Energy)(WASHINGTON) -- Energy Secretary Steven Chu told a House committee Tuesday morning that his agency deserved at least an “A” grade for its handling of gas prices and fuel standards.Tes...

Gas Prices to Climb Again in April?

Gas Prices to Climb Again in April?iStockphoto/Thinkstock(NEW YORK) -- There seems to be no end in sight for motorists suffering at the pump.On Monday, the Department of Energy reported that the average price of a gallon of regular gas currently stands at $3.87 -- an increase of 4 cents...

Highest Gas Price Recorded for March

Highest Gas Price Recorded for MarchJupiterimages/Thinkstock(WASHINGTON) -- The average price of a gallon of regular gas is now $3.87, up nearly 4 cents from a week ago and over 30 cents from a year ago, according to the Department of Energy.Last week, the average gas price was $3.83 a g...

President Obama to Head to Oklahoma Site of Southern Portion of Keystone Pipeline Project

President Obama to Head to Oklahoma Site of Southern Portion of Keystone Pipeline ProjectJEWEL SAMAD/AFP/Getty Images(CUSHING, Okla.) -- President Obama will visit Cushing, Okla., on Thursday, where he will visit the southern part of the Keystone Pipeline project -- the portion that is proceeding with Obama administration support, as oppos...

Thieves Target Gas Pumps to Skim Credit, Debit Cards

Thieves Target Gas Pumps to Skim Credit, Debit CardsiStockphoto/Thinkstock(LOS ANGELES) -- High gas prices have been putting a dent in people’s wallets in recent months, but a small device planted by thieves at gas pumps could be affecting your wallet in a much bigger way.The thieves are known as ...
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