Biden administration recommends overhaul of US oil and gas leasing
The Biden administration has recommended an overhaul of the nation’s oil and gas leasing program to focus on areas that are most suitable for energy development and raise costs for energy companies to drill on public lands and water.
Biden to release 50M barrels of oil from Strategic Petroleum Reserve to lower prices
The move is an effort to bring down rising gas prices.
Don't expect lower gas prices anytime soon
Phil Flynn from the PRICE Futures Group explains why gas prices are going up and what the fuel cost outlook is going into the holidays.
Illinois GOP calls for hearing on high heating bills
There are bi-partisan calls for public hearings on the giant increases in heating costs that are looming for Illinois residents.
Hurricane Ida brings 'nightmare scenario' for gas prices
Hurricane Ida could create a "nightmare" scenario for national gas prices, according to a market analyst.
Gas prices spiking around Chicago
Gas prices around Chicago keep climbing.
AAA expects air travel to reach pre-pandemic levels this weekend, expect higher gas prices
AAA spokeswoman Molly Hart predicts travel will reach pre-pandemic levels this holiday weekend as millions are expected to be back in airports and on the roads.
Illinois gas taxes increase by half-percent
Illinois drivers will see an increase in the state motor fuel tax rate; gasoline will go from $0.005 per gallon to $0.387 per gallon starting Thursday.
Gas prices rising ahead of July 4th weekend
If you’re taking your car for a holiday getaway this Independence Day prepare for some of the highest gas prices we’ve seen all year.
Hummer bursts into flames just after driver filled up containers of gasoline in Homosassa, firefighters say
An SUV caught fire Wednesday, moments after investigators said the driver filled up several containers of gasoline at a Homosassa gas station.
Gas hits $7 in Virginia
Drivers were shocked when they got to the pump at a gas station in Virginia.
Gas panic spreads to Chicago area
Despite the beginnings of a panic-buy induced shortage, there shouldn't be a problem filling up your gas tank.
AAA: Gas prices to spike nationwide as country thaws from crippling winter weather
AAA says drivers will temporarily see higher gas prices as much of the country thaws out from last week’s brutal winter weather.
Average gas price rises over last 2 weeks
The average U.S. price of regular-grade gasoline increased by 2 cents over the past two weeks, to $2.24 per gallon.
Report: Gas tax revenue drop could delay Illinois road, rail projects
The report from the Illinois Economic Policy Institute concluded that road travel has dropped by nearly half and the state could lose $296 million to $559 million this year as a result.
Gas prices could hit 99 cents in some states due to coronavirus and supplies, expert says
One gas analyst says the national average price could soon dip below $2 a gallon, with some stations potentially charging as little as 99 cents.
Oil plunges 20% as another virus-fueled trading week begins
Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday after earlier touching its lowest price since 2016. Benchmark U.S. crude fell $8.64 to $32.64.