Gas Prices

CapMetro powers hundreds of diesel-fueled buses every day for less than $2 per gallon, but those costs are set to multiply in the coming months.

The decision comes as prices have spiked since the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine.

Soaring gasoline prices have fueled increased demand for electric cars, hybrids and smaller gasoline-powered vehicles. But shoppers may not find much to choose from.

The Biden administration is encouraging U.S. oil companies to increase their production to help curb record-high gasoline prices. Turns out, however, that boosting output is easier said than done.

Gasoline prices hit record highs last week, so politicians in both parties proposed suspending state and federal gas taxes. But some warn such tax "holidays" may cut funding for needed road repairs.

As of Wednesday, the average cost of a gallon of regular fuel is now $4.305, according to AAA. Both ride-share companies say they're adding surcharges to deal with the spike in gas prices in the U.S.

Domestic producers say it’s time for more investment in oil and gas, but supporters of clean energy argue it may not drive down consumer costs — and could lock the U.S. into an oil-dependent future.

The prospect that the U.S. and its allies could impose new sanctions on Russian oil pushed energy prices sharply higher. The average price of gasoline in the U.S. hit $4.06 per gallon.

In Texas’ deregulated energy market, high prices during times of scarcity are often considered a sign that the market is working. But many utilities say the high price of natural gas during the winter storm was different. They're calling it price gouging.

Gas prices could hit a 12-year low this summer. That’s as much as 40 cents lower than analysts thought they’d be in some parts of the country.In Austin,…