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Updated November 23, 2021 at 3:35 PM ET WASHINGTON, D.C. (NPR) — The United States plans to draw 50 million barrels of oil from its emergency oil reserves in coming months, a widely anticipated step aimed at trying to take the edge off high gas prices that have been hurting consumers at the pump —… Read More
WASHINGTON, D.C. (NewsHour) — Gasoline prices are on the rise, along with the cost of home-heating oil and natural gas. But international energy officials at the Russian Energy Week event on Thursday warned of a global energy crunch that could slow the economic recovery from the pandemic. NewsHour’s Nick Schifrin has more.
Gasoline prices have been dropping steadily for months; they’re averaging right around $2.25 per gallon nationally. Enjoy, but don’t get used to them, analysts say.