The Biden administration is encouraging U.S. oil companies to increase their production to help curb record-high gasoline prices. Turns out, however, that boosting output is easier said than done.
From cutting highway speed limits to launching car-free Sundays in big cities, the International Energy Agency proposes to cut the demand for oil by as much as 2.7 million barrels per day.
Gasoline prices hit record highs last week, so politicians in both parties proposed suspending state and federal gas taxes. But some warn such tax "holidays" may cut funding for needed road repairs.
Gov. Brian Kemp says he'll quickly sign a bill suspending Georgia's fuel tax through May. The state Senate voted 55-0 on Thursday to give final approval to the measure.
The central bank raises its benchmark rate by a quarter percentage point in an effort to tamp down inflation. Additional rate hikes are likely in the months to come.
As of Monday, the average cost of a gallon of regular fuel is now $4.325, according to AAA. Both ride-share companies say they're adding surcharges to deal with the spike in gas prices in the U.S.
Gas prices have soared just as workers who have been remote for two years return to their commutes. Some are asking for companies to wait until prices come down to bring people back.
Monday on Political Rewind: As the deadline for bills to pass at least one chamber in the General Assembly looms, legislation aimed at suspending the state's gas tax, mental health reform and "constitutional carry" move forward. Plus, The Atlanta Journal-Constitution reveals new info on U.S. Senate candidate Herschel Walker's businesses. Finally, we talk of the death of respected Atlanta Mayor Sam Massell.
National gas prices hit a record high average this week. Now, Georgia drivers are turning to the internet to find the most affordable way to fill their tanks.
Wednesday on Political Rewind: Leaders on both sides of the aisle are working to relieve pain at the pump. Gov. Brian Kemp and Sen. Raphael Warnock want to halt gas taxes as prices climb. Plus, Abrams sticks to her 2018 messaging after qualifying. Also: More updates from under the Gold Dome.
As U.S. gas prices hit record highs, it's an especially good time to improve your car's fuel economy. Keeping windows closed, avoiding high speeds and getting routine tuneups can all help.
