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The true reason gas prices are so high (the federal tax is only part of it)

The true reason gas prices are so high (the federal tax is only part of it)

There’s a lot of chatter surrounding the federal gas tax lately. Some people think that President Trump has already done away with it. Others feel that the recent executive order aims to reduce prices significantly and quickly. Americans are curious about the wide disparity in gas prices across states. The situation is, in fact, more […]

Popular gas price app unveils grim forecast for a tough summer in California

Popular gas price app unveils grim forecast for a tough summer in California

California drivers might be in for a challenging summer with rising gas prices, as GasBuddy has indicated that this season could be the most unpredictable one in years. Analyst Patrick de Haan from GasBuddy expressed concerns about the potential volatility of gas prices due to a mix of global tensions and local supply issues. “The […]

Oil industry cautions Trump about a sudden increase in gas prices: Report

Oil industry cautions Trump about a sudden increase in gas prices: Report

Oil Executives Warn of Rising Energy Prices Executives in the oil industry have cautioned the Trump administration that energy prices may surge even more, particularly as reserves approach critical low levels. Gas prices have already seen a notable rise, prompted by the blockade of the Strait of Hormuz by both the U.S. and Iran, a […]

Costco reports record-high fuel sales as shoppers look for cheaper gas

Costco reports record-high fuel sales as shoppers look for cheaper gas

Costco Sees Surge in Gas Demand Amid Rising Prices Costco’s gas stations experienced a significant increase in demand during the last quarter, as consumers sought more affordable fuel options, leading to sales that surpassed market predictions. CEO Ron Vacris noted that consumers are actively searching for budget-friendly alternatives due to tight household finances, especially amid […]

Gas prices fall as oil heads for a 20% drop — biggest monthly decline since 2020

Gas prices fall as oil heads for a 20% drop — biggest monthly decline since 2020

Expected Drop in Oil Prices Oil prices are anticipated to decline by around 20% this May, marking the steepest monthly fall since 2020. This shift comes as gasoline prices begin to decrease and investors express optimism about a potential resolution to the ongoing conflict in Iran. According to AAA, the national average for gasoline has […]

Demand for Costco gas reaches all-time high as shoppers look for cheaper fuel options

Demand for Costco gas reaches all-time high as shoppers look for cheaper fuel options

Costco Sees Surge in Gas Sales Amid Rising Prices Demand for gas has significantly increased recently as consumers search for lower prices, leading Costco to exceed expectations in its third-quarter sales. According to CEO Ron Vacris, many shoppers are actively seeking affordable options due to the strain on household budgets, which has resulted in more […]