Biden planning to tap oil reserve to control gas prices

President Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation's strategic petroleum reserve in a bid to control energy prices.

Could gas prices start dropping in Arizona?

An industry analysis says gas prices could drop in Arizona within the next few weeks.

Who's responsible for setting high gas prices

Oil prices have moderated a bit since Russia's invasion of Ukraine, but gasoline prices have remained at near-record levels. For those who wonder why, it's because there's money to be made. Those profits though may not be going where you imagine.

Newsmaker Saturday: Jacqui Heinrich, Court Rich
video

Part 1: White House reporter Jacqui Heinrich has the latest on Russia's invasion of Ukraine and Presient Biden declaring Vladimir Putin a war criminal. Part 2: With the urgency to bring down gas prices, FOX 10's John Hook talks to Court Rich, co-founder of the Rose Law Group, about where does that leave the push for green energy.

Pain at the pump: Gas prices rising to levels not seen for over a decade; here's what you need to know

Gas prices, according to AAA officials, have risen to levels not seen for over a decade amid the ongoing Russian invasion of Ukraine. Here's what you need to know about the latest developments.

What are gas prices around the world?

Gas prices are also high around the world. Here is the average price of gas in other countries.

Gas prices turning long commutes into financial nightmares

Skyrocketing gas prices have made things especially difficult for people with extended commutes. One person even said they're putting off having children because it's just too expensive.

Filling a gas-powered vehicle may still be cheaper than charging an electric one

As gas prices reach record highs across the U.S., electric car owners are reveling in their purchases -- but the cost to fill up a gas-powered vehicle might actually still be cheaper than charging an electric one.

US inflation soared 7.9% in past year, a fresh 40-year high

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

US gas price average hits $4.17, an all-time high, AAA says

The price of regular gasoline on average across the U.S. hit an all-time high on Tuesday at $4.173, surpassing a record previously set in 2008.

President Biden bans Russian oil imports over Ukraine war

The move follows pleas by Ukrainian President Volodmyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission the massive sanctions put in place on Russia over the invasion.

What does a US ban on Russian oil accomplish?

Amid rising gasoline prices in the U.S. — the average price has topped $4 a gallon for the first time since 2008 — the Biden administration has faced growing pressure to impose further sanctions on Russia, including a ban on oil imports.

Shell to stop buying Russian oil, natural gas amid Ukraine invasion

Shell says it will stop buying Russian oil and natural gas, and that it will shut down its service stations and other operations in the country.