Gas Prices | featured news

More Americans will hit the road this holiday weekend than a year ago. And they'll have a bit more money to spend thanks to lower gas prices....

What only weeks ago was seen as a serious threat to the economic recovery could now turn into a stimulus everyone can love. Oil and gasoline prices are sinking, giving relief to businesses and consumers who a few weeks ago seemed about to face the highest fuel prices ever.

Even though there's been little change in gas prices recently, drivers could soon see changes in the look of the pumps they use to fill up. The Obama administration and the Environmental Protection Agency announced Thursday they intend to phase out the rubber boots on gas pump handles now used to capture harmful gasoline vapors while refueling cars.

A few years ago, rising gasoline prices pretty much destroyed the market for the big trucks, but they have become popular again.

The price of oil suffered its biggest one-day decline in nearly six months Friday, falling below $100 per barrel for the first time since February. A drop in gasoline prices can't be far behind.

Chevron Corp, the second-largest U.S. oil company, reported a slightly higher-than-expected quarterly profit as rising oil prices and refining margins made up for a decline in oil and gas production.

Two pro-Obama groups slam Mitt Romney as a tool of the oil industry in a TV ad that plays up high gas prices.

America's soaring pump prices seem to defy the laws of supply and demand, except for one fact: It's increasingly not just about us.

The worst is over, for now. Gasoline prices are starting to fall. After a four-month surge pushed gasoline to nearly $4 per gallon in early April, drivers, politicians and economists worried that gasoline prices might soar past all-time highs, denting wallets, angering voters and dragging down an economy that is struggling to grow.