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The Latest Breaking News from Gas Prices

Gas prices likely kept US inflation painfully high in May

The costs of gas, food and other necessities likely shot up in May, giving Americans no respite from the worst outbreak of inflation in four decades

The Independent UK

Biden's inflation crunch: Too much shopping — even at beach

President Joe Biden could have looked out the window of his limousine on his drive last weekend to his beach home and seen firsthand why he's struggled to contain inflation

The Independent UK

Conservatives slam Stabenow for praising electric cars amid high gas prices

WASHINGTON — Sen. Debbie Stabenow, D-Michigan, has come under fire from conservatives on social media for boasting about driving her electric vehicle from her home state capital to D.C. over the weekend amid skyrocketing gas prices.

Tribune News Service

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US Senator says gas prices so high ‘it would be cheaper to buy cocaine’ and run everywhere

Senator John Kennedy’s home state of Louisiana remains one of cheapest places to buy gas in US

The Independent UK

5 tips to save money on rising gas prices

The pain at the pump isn't slowing down, but it's possible to save.

Axios

Commentary: Give drivers a gas tax holiday. Tax windfall profits from oil companies instead

At the gas station near my home in Burbank, California, gas prices last week were an astronomical $6.50 per gallon, much higher than the nationwide average of $4.67, and just above the statewide average of $6.19 per gallon. Filling up the tank can cost a shocking $100. Working families cannot…

Los Angeles Times

Is it ‘election fatigue’? Early voter turnout in California’s primary is dismal so far

LOS ANGELES — Judy Nguyen is frustrated that anyone with enough money or the right connections can run as a candidate in an election. She’s disappointed she hasn’t seen immediate, tangible change under President Joe Biden. And she feels for Americans who are trying to survive in an era when…

Los Angeles Times

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Businesses add fees, fuel surcharges to counter inflation and high gas prices

The next time you get a receipt, take a closer look.

Axios

Treasurer contacts ACCC over gas prices

Treasurer Jim Chalmers says the government is reviewing a number of options to counter rising energy prices as inflationary pressures strain household budgets.

AAP

Biden not at fault for nation’s high gas prices, Pete Buttigieg says

Don’t blame the White House for pain at the pump, Transportation Secretary Pete Buttigieg said Sunday.

Tribune News Service

There's not much more any government could or should do, says Resources Minister on gas prices, while eyeing industry trigger

Madeleine King says she is assured the chief executives of Australia's biggest gas producers are doing "everything they can" to get more supply into the domestic market, but the gas trigger remains an option.

ABC News

No, you aren't automatically saving money by working from home

Working from home may automatically seem like a cheaper solution amid soaring gas prices. But there are a lot of hidden costs involved in remote work.

Fortune

‘Out of control’ gas prices likely to filter down to Australian consumers, food processor says

Industry advocates push for eastern states to establish gas reserves as soaring energy costs put pressure on companies

The Guardian - AU

Explained: Why Australia’s gas prices are so high

Australia’s energy crunch has turned downright nasty this week as retailers begin to pass on huge spikes in gas and power prices.

The New Daily

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Pedestrian.tv

Electricity Prices Are Rising And Now We’re Facing Gas Shortages So Gonna Go Live Under My Doona

Wholesale gas prices spiked this week and market operators have warned Australia is facing a gas shortage as we head into winter.

ABC News

Australia's gas crisis is worse than you might think. Industries warn thousands could lose their jobs and consumers will pay more

Australian manufacturers facing massive increases in gas prices are warning they could be forced to close. Consumers will also pay more, adding to cost-of-living pressures.

Tribune News Service

'Outrageous': Gas prices reach new record high in California, US

WOODSIDE, California — Gas prices in the Bay Area and California broke records again Wednesday, with some stations hitting $7 a gallon for mid- and premium-grade, exacerbating concerns about inflation and the region’s exceptionally high cost of living.

The Independent UK

US pump prices hit record as OPEC+ producers gather

The OPEC oil cartel and allied countries including major exporter Russia are weighing how much oil to send to the world economy as U.S. gas prices hit another record high

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WEKU

Demand at food banks is way up again. But inflation makes it harder to meet the need

High food and gas prices are squeezing working families, sending some to food pantries for the first time. But providers are struggling with high costs, fewer donations and supply chain woes.

The Times of India

As gas prices soar, Joe Biden likely to visit Saudi Arabia

WASHINGTON: President Joe Biden is likely to visit Saudi Arabia later this month as part of an international trip for Nato and Group of Seven meetings, according to people familiar with the matter, with record high US gas prices weighing on his party's political prospects.

ABC News

Australia faces a 'perfect storm' on gas supply, as minister warns problem will not be solved quickly

Surging gas prices and supply shortfalls have put Australia on the edge of a "serious and challenging situation" that will not be quickly solved, the new Energy Minister warns.

Tribune News Service

Biden likely to visit Saudi Arabia as US gasoline prices spiral, sources say

WASHINGTON — President Joe Biden is likely to visit Saudi Arabia later this month as part of an international trip for NATO and Group of Seven meetings, according to people familiar with the matter, with record high U.S. gas prices weighing on his party’s political prospects.

The Independent UK

As gas prices soar, Biden leans toward visiting Saudi Arabia

President Joe Biden is leaning towards making a visit to Saudi Arabia — a trip that would likely bring him face-to-face with the Saudi crown prince he once shunned as a killer

ABC News

Federal government's 'gas trigger' to keep supplies onshore may not be pulled just to put a lid on high prices

As gas prices rocket upwards, the federal government is fielding questions on whether it would use its "gas trigger" powers to force gas exporters to keep supplies onshore. But high prices alone may not be enough to pull the trigger.

The New Daily

Newly installed federal government faces a tough test on gas prices

Long suffering energy consumers who have seen power prices spike now face rising gas prices from July 1, as shortages cause wholesale prices to spike.

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