The national average for a gallon of diesel fuel reached it's all-time high on Monday according to the latest data from AAA that also showed unleaded gas is nearly tied with its record-high price reached earlier this spring.
The U.S. trade deficit rose an astonishing 22 percent in March to $109.8 billion as prices of oil and imported products rose due to soaring inflation, according to data released Friday by the Census Bureau and the Bureau of Economic Analysis.
Democrats on Capitol Hill are increasingly anxious about how to show voters they are taking aggressive action to deflate swelled gasoline prices, even if that means voting on legislation that would likely not bear results.
issued a waiver on Friday designed to expand the sale of ethanol-blended gasoline as part of President Joe Biden's strategy to bring down high fuel prices.
The Labor Department’s March inflation numbers released this month skyrocketed past February’s, hitting a 12-month increase of 8.5 percent and the steepest annual increase since 1981.