GPB Passport icon GPB Passport icon Passport
GPB donate icon GPB donate icon Donate
Sign Up For Our Newsletter

News Articles: crude

A gas pump is seen at a Chevron gas station on June 9 in Houston, Texas. Gas prices nationally hit an average of $5 a gallon, according to AAA.

Gas hits $5 a gallon for the first time. Here's how it got here and what's ahead

Gas prices could rise even further after hitting an average national price of $5 a gallon for the first time. Here are 4 things to know

|
By:
  • Brittany Cronin
Gas prices are seen at a gas station in Vernon Hills, Ill., on June 11, 2021. Crude prices continued to gain on Thursday even after the U.S. and 30 other countries announced a coordinated release of oil from their reserves.

The U.S. and 30 other nations are releasing oil from reserves to try to calm markets

Oil-consuming nations will bring 60 million barrels of crude out of storage and onto global markets. It's supposed to calm oil prices down, but global crude went up on the news.

|
By:
  • Camila Domonoske
A customer prepares to pump gas into her car at a Shell station on Wednesday in San Rafael, Calif. A surge in gas prices this year is leaving the Biden administration looking for options to do something about it. One that's getting recent attention is tapping the country's emergency oil stockpile.

The U.S. emergency oil stash is in the spotlight as gas prices surge. What to know

President Biden is looking at options to bring down high prices. One possibility attracting a lot of attention is releasing crude oil from the country's emergency reserves.

|
By:
  • Camila Domonoske