What is the strategic oil reserve, and can it lower gas prices?

gas prices

Published
October 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.
Published
October 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.
Published
September 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.
Published
August 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.
Published
August 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.
Published
July 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.
Published
July 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.
Published
July 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.
Published
June 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?
Published
June 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.