Energy Information Administration

Florida Gov. Ron DeSantis stated Nov. 22 that he would seek a $1 billion reduction in gas and fuel taxes during the next January...

Gas prices continue to rise, and are now at their highest level in seven years, according to the AAA Gas Price Index.

The CEO of United Airlines has warned that prices for flights during the busy holiday season will spike. United Airlines CEO Scott Kirby said surging fuel prices are to blame for the upcoming travel prices that are expected to balloon.

Gas prices rose to the highest levels since 2014, amid increased demand and concerns about supply.

US gasoline prices, retailing at seven-year highs above $3.15 per gallon due to peak seasonal demand and outages from Hurricane Ida, are expected to fall to under $3 by the fourth quarter of this year, the Energy Information Administration (EIA) said on Wednesday.

In a notable break with progressives, Sen. Joe Manchin (D-W.Va.) said in an interview that the coal industry “will be saved, has to be saved, because the country can’t survive without it.”

Gas prices have surged to a new seven-year high and while some experts predict predict they’ll come down soon, others expect more pain at the pump if crude oil prices rise.

Crude oil approached multi-year highs last week as the velocity of the demand recovery narrative nullified negative short-term data points.

While experts say the current gas price spike is mostly driven by demand recovering faster than the winter storm-squeezed supply, others warn “hostile” White House policies are likely to drive them even higher in the long term.