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PublishedOctober 19, 2022
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.
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PublishedOctober 18, 2022
Biden to release 15 million barrels from oil reserve, more possible
President Biden will also open the door to additional oil reserve releases this winter in an effort to bring prices down.
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PublishedSeptember 27, 2022
U.S. consumers gaining confidence as gas prices keep falling
The back-to-back monthly increases follow three straight monthly declines as American households were hammered by rising prices, particularly at the gas pump.
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PublishedAugust 30, 2022
Maine’s average gas price falls below $4 a gallon for first time since March
The price has dropped by more than a dollar per gallon since peaking in mid-June.
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PublishedAugust 11, 2022
Maine’s gas prices fall, but remain higher than national average
There is no clear reason why Maine's average price is about 40 cents higher than the national average of $3.99, but several industry experts said the Northeast generally has higher gas prices than the rest of the nation.
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PublishedJuly 29, 2022
Oil companies see unprecedented profits as consumer prices soared
On Friday, Exxon Mobil booked an unprecedented $17.85 billion profit for the second quarter and Chevron made a record $11.62 billion.
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PublishedJuly 19, 2022
U.S. gasoline prices fall to 2-month low with pump pain easing
The nationwide average was at $4.495 a gallon, according to data released on Tuesday by the American Automobile Association.
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PublishedJuly 16, 2022
Gas prices decline, but experts unsure if the trend will continue
The average price of regular gasoline in Maine is down 32 cents a gallon from its June peak, with York County reporting the lowest countywide average.
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PublishedJune 23, 2022
Here’s what a pause in the gas tax would mean for prices at the pump
The president wants to give drivers a break from gas taxes. Will it help bring down soaring prices?
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PublishedJune 23, 2022
Why Maine gas prices are slightly higher than the national average
Spiking gas prices have weighed on motorists in every state this year, but the burden has not been evenly distributed.
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