Inflation overall held steady last month, as declining gas prices balanced out higher prices for other items.
The new year has greeted Americans with the highest January gas prices ever, and some analysts say prices could get close to $5 a gallon in some areas during the warm-weather driving season. The average price for a gallon of regular unleaded gasoline in the United States on Monday was $3.39, according to motorist group AAA. That's nearly 30 cents higher than a year ago.
Gas prices in the United States fell more than 5 cents over the past two weeks as crude oil prices dropped, continuing a decline in pump prices that started in late October, according to a survey published Sunday.
A perpetual deadlock in Congress has resulted in eight extensions of the national transportation bill, causing roads to crumble, bridges to fall, and transit to break down.
Gas prices have fallen over the past two weeks, continuing their slide despite an increase in crude oil prices, according to a survey published Sunday.
U.S. gasoline prices dipped by nearly a nickel per gallon ahead of the Thanksgiving holiday as cheaper crude and slumping demand kept pressure on costs, the latest nationwide survey found.
U.S. gas prices dipped nearly 4 cents a gallon over the past two weeks as the slumping economy kept pressure on demand for fuel, according to a survey released Sunday.
U.S. gasoline prices have held steady over the past two weeks and could soon drop due to lagging demand, the latest Lundberg Survey found.
Oil prices are falling once again, and relief at the gas pump is likely on the way too.
Falling prices at the pump pushed inflation lower in June, but consumers are still paying significantly more than they were last summer.
Are gas prices making you want to pull your hair out? CNN's Ali Velshi explains why we're to blame for high gas prices.
Drivers will soon be able to get back an additional 4.5 cents per mile that they rack up for business purposes thanks to a new Internal Revenue Service rule announced Thursday. The rare mid-year decision was fueled by the recent rise in gas prices.
Boosting the nation's oil supply could lower gas prices as much as 50 cents a gallon, but relief at the pump is still weeks away.
Nobody likes soaring gas prices -- not motorists, not consumers, not business owners, not elected officials. Now, even a Saudi prince, whose family's massive wealth is built on oil, is complaining about the high price of gasoline.
The military's innovation lab, Defense Advanced Research Projects Agency, creates the best technology in the world.
General Motors CEO Dan Akerson said his company and his industry would be helped, not hurt, if consumers paid higher gas taxes.
The high price of gas is forcing many Americans to change their travel plans for the Memorial Day weekend, according to a survey released Friday.
Americans aren't canceling their travel plans for Memorial Day weekend, despite gas prices at or near record highs in many parts of the country, according to an annual forecast released Thursday.
Washington lawmakers are kicking around a new idea to help raise funds to fix our highways and infrastructure: a national driving tax charging motorists by the mile.
Rep. Martha Roby discusses the importance of increasing U.S. energy production to lower gas price and increase security.
Despite all the noise coming from Congress over high gas prices, oil company profits or more drilling, in reality there's very little lawmakers can do to bring down the price of fuel.
When gas prices started spiking again this month, President Barack Obama turned to a move that worked in the past: Make noise and talk tough about price gouging, then direct his attorney general to launch an investigation.
The political playbook on gas prices hasn't changed much over the years. Dana Bash takes a look.
The high price of gasoline is changing the driving and spending habits of Americans, and the public blames speculators and oil companies for the price spike, according to a new CNN/Opinion Research Corporation survey.
The average gas price in the United States has hit the $4 mark, just 11 cents shy of the all-time high, according to a survey published Sunday.
The recent surge in gas prices showed some signs of cracking Friday, but economists say consumers shouldn't get their hopes up yet.
We have recently been witnessing political unrest and military conflict in North Africa and the Middle East and a surge in world oil prices. If you have the feeling you've seen this story before, you're right.
Despite higher gas prices, auto sales rose in the Untied States in April, including a larger-than expected gain for General Motors.
At first glance, it seems like a great time to buy a refinery. The price of gas is hovering around $4 and will likely stay high heading into the summer months. (Even news of Osama bin Laden's death hasn't moved prices much.) But a closer look shows refiners are actually trapped between two sets of players in the oil industry -- providers who deliver crude oil to them for refining, and customers who buy their finished products.
After jumping more than 3 cents over the weekend, gas prices across America could top $4 a gallon this week, according to one industry analyst.
Thinking of spending a weekend in Paris this spring? Think again.
Gasoline prices have been rising for months and are within striking distance of their 2008 all-time high of $4.11 a gallon. But while oil prices are above $100 a barrel, they're still 24% below their 2008 all-time high.
Chicago is not your kind of town when you pull into a local gas station.
Gas prices jumped more than 11 cents over the past two weeks, but the pace of higher pump prices has slowed and they may have peaked, according to a survey published Sunday.
Every time gas prices reach record highs the call goes out for more oil drilling. This year it's no different.
One Knoxville church gave back to the community by giving away $10,000 in gasoline.
At a Connecticut gas station, gas prices have climbed up to 4.99 per gallon, though you get a free drink when you pump.
Prodded by growing public frustration over sharply rising gasoline prices, the Justice Department on Thursday announced the formation of a team -- the "Oil and Gas Price Fraud Working Group -- tasked with the goal of ensuring consumers are not victims of price gouging.
It's hard to believe that it was only five months ago that General Motors made a triumphant return to the public markets.
With unrest in many key oil-producing countries, a solution to rising gas prices is a major concern. Liz Shelby reports.
Airlines are experiencing a bad case of déjà vu. Faced with jet fuel prices 50% above their levels just a year ago, the carriers tried to hike ticket prices last weekend for the eighth time this year. The first six went through without a problem, boosting the average fare in major markets by about 14%, according to FareCompare.com. And if you go back to mid-December, airlines were nine-for-nine in fare increases.
Eye-popping gas prices on a weekend trip to Yosemite National Park in California have Damaris Santos-Palmer rethinking a family road trip.
If you're in the market for a new car, but especially if you're looking at a fuel-efficient Japanese model, experts say you're better off buying now because prices will only get higher in coming weeks as the effects of the earthquake in Japan and the unrest in Libya and the Middle East start to be felt.
Peter Beutel correctly predicted the recent rise in gas prices. Now, he's giving his predictions for the coming months.
Anyone who's been behind the wheel of a car in the last few months has experienced a sharp pain when it came time to pay the gas tab. Prices ranging from $3.75 to $4.00 per gallon are not uncommon these days. And according to the United States Department of Energy, consumer fuel prices on average in the U.S. are up 21.8% from one year ago.
Gasoline prices dipped for a second straight day on Wednesday, providing a reprieve to motorists after a 20-day streak of gains, even though they're expected to rise again.
Democratic Sen. Dick Durbin said Sunday that he thinks rising gas prices might hamper the country's economic recovery.
I saw my first $4 gallon of gas since 2008 this week, and it's not a surprise considering all the governmental uncertainty in the oil-producing world. What is surprising is that despite the cost increases, people still get angry when airlines try to raise fares.
An oil spike has a way of making market watchers nervous, and retail investors are no exception. After going on a tear in 2009 and 2010 -- the S&P 500 retail index rose 78% and 37%, respectively, more than doubling the performance of the broader index in both years -- retail stocks have begun to falter. Surging gas prices have cast a pall over the sector, which is up just 0.7% so far this year, while the S&P is up 3.4%.
If you think gasoline is expensive now, just wait. In the weeks to come, you'll be looking back at today's prices with a poignant sense of longing, if the forecasts become reality.
Americans often fret about the price of gasoline, which has surged dramatically in recent days, fueled by turmoil in oil-producing nations in the Middle East and North Africa.
Hey California, stop whining about $4 gas. As gas prices have surged 13% over the last month, Mississippi is feeling the worst pain at the pump.
Gas prices rose Tuesday for the 14th straight day, with drivers in some parts of the United States now paying more than $3.90 a gallon.
CNN's Don Lemon talks to John Davis of PBS' "MotorWeek" about the rise in gas prices and new hybrids and electric cars.
There's perhaps never been a more precarious time for gasoline prices.
Gas prices jumped 4 cents overnight, with the average American driver now paying more than $3.40 a gallon.
Rising gas prices did not keep Americans from buying large pickups and SUVs in February, according to sales results from leading automakers.
Whenever a gas price story is published on this site, astute readers write in to say that gas is in their area is much more expensive than the nationwide average.
Gas prices have increased 17 cents a gallon in the past week. And analysts expect prices to continue higher, following a sharp rise in the price of crude oil.
Gas prices jumped 6 cents overnight, as the recent spike in oil prices begins to hit filling stations across America.
Gas prices are up nearly 6 cents this week and analysts say this is just the beginning, as oil prices soar on political strife in North Africa and the Middle East.
The price that your parents pay to fill up the family car is rising. Ever stop to think about what's behind the price at the pump? Here's a look at where the money goes when you buy a gallon of regular gasoline.
From lifting a lead foot to choosing a more fuel-efficient vehicle, experts believe the price of gasoline is now high enough to change driving habits.
John Hofmeister, former president of Shell Oil, predicts we'll be paying $5 a gallon by 2012 because of global demand.
The U.S. economy is slowly but surely nursing itself back to health.
The Pakistani government has reversed a recent hike in fuel prices, an effort that could help shore up the country's crumbling governing coalition.
Drivers may be bracing for more pain at the pump in 2011 as gas prices continue to head higher.
CNN's Rafael Romo explains how South American countries are struggling with fuel prices.
The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of gasoline by 2012.
Holiday shoppers will need to bump up their budget for one purchase this year, and they can't even put it under the tree: gasoline.
U.S. gas prices increased over a two-week period, but on average stayed below the $3-a-gallon mark.
U.S. gas prices were all but flat over the past two weeks, but rising crude oil prices are likely to result in an increase in fuel costs soon, according to a new national survey.
U.S. gas prices rose by 8 cents over the past two weeks, pushed up by a spike in crude oil prices, according to a new survey of filling stations.
U.S. gasoline prices have decreased by less than a cent in the past two weeks, though some regions saw an increase due to an oil pipeline leak, according to a new nationwide survey.
The price for a gallon of self-serve regular gasoline is up nearly a nickel in the past two weeks, but gas prices aren't expected to continue a dramatic rise, according to a survey published Sunday.
As oil demand jumps to fresh highs and supplies fall, crude prices are climbing and poised for further gains this summer, signaling that higher costs at the pump may also be on the way.
Gas prices have been drifting lower over the past week, which is welcome news for drivers who are gearing up to hit the road for Memorial Day weekend.
Gasoline prices at the pump have climbed more than 7 cents per gallon in the past two weeks, but could plummet soon with declining crude oil prices, according to a survey published Sunday.
Nationwide gasoline prices are not expected to go much above $3 a gallon on average this summer, unless there is a demand surge or severe shock in supply, analysts said Tuesday.
The average nationwide price of a gallon of gas is creeping close to $3 a gallon, bringing back bad memories from the summer of 2008. If gas tops the $3 mark, will that kill the economic recovery? Or will consumers just shrug their shoulders and keep driving and spending?
Bob Lutz is generally not a close ally of environmentalists.
Gas prices continued to climb higher, rising for a fifth consecutive day and coming closer to $3 a gallon.
U.S. average gasoline prices dropped by more than 3 cents per gallon in the past two weeks as the slumping job market takes its toll on consumers, according to a nationwide survey out Sunday.
Gas prices are up slightly from two weeks ago -- despite a decline in the price of oil, according to a survey published Sunday.
Gasoline prices jumped nearly 18 cents over the past two weeks, the first two-week rise since early August, according to a survey published Sunday.
Prices at the pump held steady over the past two weeks, leaving the nationwide average at $2.64 for a gallon of self-serve regular gasoline, according to a survey published Sunday.
Americans are still far too dependent on foreign oil, and states aren't doing enough to change that, according to a study by an environmental group ranking states on an "oil vulnerability" scale.
Gasoline prices, which have surged 19 cents in the past 20 days, are not far from the highest level industry analysts expect this summer, but they remain well below last year's record.
Gasoline prices rose more than 15 cents in the past two weeks, the result of rising crude oil prices, according to a survey published Sunday.
Gasoline prices fell more than 7 cents a gallon over the past two weeks, despite a rise in crude oil prices, according to a survey published Sunday.
It's been one year since drivers across America were stuck paying the highest gas prices on record, and the memory is not a pleasant one for consumers.
In a much needed break for cash-strapped drivers, the national average price for a gallon of gas fell below $2.50 for the first time since May, motorist group AAA said Thursday.
With gas prices rising and car sales in the dumps, Hyundai is offering new car buyers gas at $1.49 a gallon for a year.
Gas prices have risen for 50 days in a row and the pain at the pump is taking a toll on household budgets across the nation.
California became the first state to see gas prices top $3 a gallon since October, according to a daily survey of gas prices.
Prices at the pump went up nearly 17 cents over the last two weeks, according to a survey published Sunday.
The average price per gallon of self-serve regular gasoline is $2.66, up 16.68 cents from two weeks ago, the Lundberg Survey found.
In the auto business, timing really is everything.
Gas prices are creeping towards $3 a gallon and consumers are getting squeezed. That has many analysts worried that another painful summer driving season will stifle an economic recovery.
Gas prices continue to surge nationwide, and are now up more than 27% in the past seven and a half weeks.
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