Americans have long used gas prices as a way to gauge the country’s economy. Falling fuel costs typically lift presidential approval rates along with the standing of whoever’s in the White House – while rising costs have the opposite effect.
gas prices
US inflation reaches lowest point in 3 years, though some price pressures remain
Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race.
Falling gas prices give Maine drivers a break heading into summer
The downward trend is a reversal of the typical bump in prices following Memorial Day and the start of vacations for millions of Americans.
U.S. gas prices falling. Experts point to mild demand ahead of summer travel
If there are no major unexpected interruptions, prices could keep trending down.
Biden releasing 1 million barrels of gas from Northeast reserve in bid to lower prices at pump
Tapping reserves is one of the few actions a president can take by himself to try to control inflation.
Congressional leaders discussing Iran oil sanctions
That legislation could increase crude prices by as much as $8.40 a barrel, which would add 20 cents per gallon for gasoline if the sanctions were passed into law and enforced.
Mainers are paying less to heat homes and fill vehicles this winter. Here’s why.
Weak global demand and higher domestic oil production have led to energy savings for consumers so far this winter.
Maine gas prices rise about 3 cents per gallon
Two Livermore gas stations recorded the lowest gas prices in the state, according to online gasoline price tracker GasBuddy.
Gasoline is surging all over the world in fresh inflation blow
Gasoline prices are often a topic of contention as those costs can be an essential daily expense for many, alongside food and rent.
What is the strategic oil reserve, and can it lower gas prices?
With Election Day on the horizon and gas prices rising, President Biden proposes releasing another 15 million barrels of oil.