The Latest Breaking News from Gas Prices

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.

ABC News · Jun 1, 2022

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.

The New Daily · Jun 1, 2022

Why energy bills are increasing

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK · Jun 1, 2022

Why energy bills are increasing

Squeeze on wholesale gas prices around the world driving up household bills

The Independent UK · May 29, 2022

How Gas Prices Are Tracking As Memorial Day Weekend Kick-Starts

Retail gas prices are at a record high in anticipation of increased demand as the summer driving season gets underway. Pain At The Pump: Nationwide, the average price of regular gasoline was at $4.601 a gallon, according to data from the American Automobile Association (AAA). This is much higher than the…

Benzinga · May 28, 2022

Analysts Slash Price Target On American Eagle Outfitters Post Q1 Results

Analysts slashed the price target of American Eagle Outfitters Inc (NYSE:AEO) following the company's Q1 results.  BMO Capital analyst Daniel Stroller lowered the price target to $15 (14% upside) from $23 and kept a Market Perform rating on the shares. Stoller noted that macro-economic problems like inflation and soaring gas prices had amplified the issues in…

Benzinga · May 27, 2022

Why Big Lots Shares Are Plunging Today

Big Lots Inc (NYSE:BIG) reported a first-quarter FY22 revenue decline of 15.4% year-over-year to $1.37 billion, missing the consensus of $1.46 billion. Comparable sales decreased 17% versus an 11.3% increase last year. Ecommerce accounted for 7% of total sales in the quarter. The gross margin for the quarter decreased 350 basis points Y/Y…

Benzinga · May 27, 2022

Google Maps Contract Workers Lock Horns With Management Over Returning To Office Policy

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Maps contract workers are amid a standoff with their vendor Cognizant Technology Solutions Corp (NASDAQ:CTSH) on resuming back office, Bloomberg reports. The workers who are paid an hourly rate of $16 - $28 and do not enjoy the same perks as direct employees are also subject to the company's…

Benzinga · May 27, 2022

Despite pain at the pump, Americans are hitting the road

Heading into the US summer driving season, Americans are fueling up but how long before they have to hit the brakes?

Al Jazeera · May 27, 2022

More Memorial Day travel expected, despite high gas prices

Pandemic-weary U.S. residents are confronting high gas prices as they decide whether to travel this Memorial Day weekend

The Independent UK · May 26, 2022