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Why Relief at the Pump Is Nowhere in Sight

Several factors are at play, but it boils down to high demand and low supply.

United statesAndrew grossTom klozaEnergy information administrationMemorial dayLabor dayGas tax reliefConvenience mattersTipping pointConvenience storeConvenience storesC storeC storesPrice increasesPrice decreasesPumping gas

OPEC+ Raises Oil Output More Than Anticipated

The higher amount marks the end of the historic output cuts OPEC+ had implemented during the COVID-19 pandemic.

United statesAl iskandariyahWhite houseDistrict of columbiaSaudi arabiaBruxelles capitaleMatt simpsonKarine jean pierreOrganization of the petroleum exporting countriesEuropean unionWall streetTexas intermediatePetroleum exporting countriesFinancial timesCity indexGas tax relief

EU to Ban Most Russian Oil Imports

Crude oil prices soar in response, as Russia says it will find other importers for its oil.

Vologodskaya oblastAl iskandariyahCzech republicBruxelles capitaleCharles michelMikhail ulyanovEuropean councilEuropean unionEuropean commissionGas tax reliefConvenience mattersTipping pointConvenience storeConvenience storesC storeC stores

What Consumers Should Know When Gas Prices Soar

Many think station owners are profiting amid record-high gas prices, but the industry knows that’s not the case.

United statesAl iskandariyahDave ellardJohn howellJeff lenardAuto repair associationBoston globeNorth attleboroughSanjay patelNew england service stationGas buddyGas tax reliefConvenience mattersTipping pointConvenience storeConvenience stores

Congress Considers Energy Price-Gouging Legislation

NACS and other fuel retail groups are concerned the House bill singles out motor fuel for legal scrutiny.

United statesAl iskandariyahPaige andersonSenate majority leader chuck schumerConsumer fuel price gouging prevention actFederal trade commissionConvenience storeConvenience storesC storeC storesPrice increasesPrice decreasesPrice gougingPrice gougePumping gasFuel retailing

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