Gas Prices | featured news

Retailer rolls back by 10 cents a gallon for users of its branded credit cards and gift cards.

With gas prices 80 cents a gallon higher than they were a year ago, fewer Washington area residents plan to drive when traveling over the coming holiday weekend. But AAA’s annual survey of Fourth of July weekend travel found a 22 percent jump in the number of area residents who said they plan to fly somewhere.

For the first time in a year, Americans have stopped spending more....

The International Energy Agency says 28 countries have agreed to release 60 million barrels of crude to the market to offset disruptions prompted by Libya's war.

The average price of a gallon of regular gasoline in California drops 4 cents to $3.90. Nationally, the average declines 6.1 cents to $3.652, up 91 cents from a year earlier. Pump prices fell again during the last week in California and nationwide, the Energy Department said Monday, but an analyst warned that the decline may level out substantially above last summer's averages.

Americans are finally getting some relief from high gas and food prices. Wholesale food prices fell last month by the most in nearly a year, and gas prices keep dropping after peaking in May. A separate survey suggests CEOs are feeling more optimistic and will hire more in the second half of this year.

With gas, airline and hotel prices soaring, American travelers may not be able to afford much when they reach their destinations.

Consumer spending rose less than expected in April as high gasoline prices continued to squeeze household budgets, according to government data on Friday which also showed annual inflation accelerating at its fastest pace in a year.

Congress should take steps to limit speculation in oil markets, which has boosted prices as much as 30 percent, a new report from the Democratic staff of a House of Representatives oversight committee said on Monday.

With gasoline prices hovering at $4 a gallon nationally, many Americans are making tough choices: scaling back summer vacations, driving less or ditching the car altogether. Some seniors are choosing a tank of gas over their prescriptions....