Biden administration taps emergency oil stockpile

The decision comes amid Louisiana gas crisis

Originally Published: 02 SEP 21 15:17 ET By Matt Egan, CNN Business (CNN) -- The United States will release 1.5 million barrels of crude oil from its emergency stockpile of oil, the Energy Department announced Thursday. The decision to tap…

Gas prices reach a seven-year high just in time for Memorial Day

Here's where gas is most expensive and the cheapest

Originally Published: 30 MAY 21 10:19 ET Updated: 30 MAY 21 12:39 ET By David Goldman and Chris Isidore, CNN Business (CNN) -- Gasoline prices are at a seven-year high, just in time for travelers to hit the road…

California gas prices soar above $4

Gasoline prices have spiked in California, soaring well above what most Americans are paying at the pump. In some locations, Californians are paying $5 for a gallon of gas.

OPEC prepares to extend oil production cuts

OPEC announced on Monday it will restrict the supply of oil for another nine months in a bid to support prices pressured by weakening economic growth and skyrocketing American production.