Obama adviser: Tapping strategic oil reserve still an option
March 25th, 2012
09:41 AM ET
3 years ago

Obama adviser: Tapping strategic oil reserve still an option

Washington (CNN) - A senior White House adviser said Sunday that opening the nation's strategic petroleum reserve to bring down gas prices remains an option.

David Plouffe, the senior adviser to President Barack Obama, told CNN's "State of the Union" that "a lot of factors" go into a decision on tapping the oil reserve.

FULL STORY
Obama defends his policy on oil pipeline
March 22nd, 2012
06:01 PM ET
3 years ago

Obama defends his policy on oil pipeline

Stillwater, Oklahoma (CNN) – President Barack Obama took on critics of his energy policies Thursday, saying in carefully coordinated speeches that they weren't paying attention to increased oil production at home and were misleading the public about the cause of rising gas prices.

"Anyone who says that we're somehow suppressing domestic oil production isn't paying attention," Obama said in Cushing, Oklahoma, on the second day of a four-state tour to tout his policies.

FULL STORY

Filed under: Energy • gas prices • President Obama
Energy secretary hammered on gas prices
March 20th, 2012
01:30 PM ET
3 years ago

Energy secretary hammered on gas prices

Washington (CNN) – A committee hearing Tuesday on the Department of Energy's use of stimulus funding kept returning to rising gas prices as Republicans hammered Secretary Steven Chu over the pain at the pump.

The partisan divide of Washington was on full display at the House Oversight Committee hearing.

FULL STORY

Filed under: Congress • Energy • gas prices • House • Steven Chu
Gas prices climb again, topping $3.76
March 4th, 2012
08:36 AM ET
3 years ago

Gas prices climb again, topping $3.76

New York (CNNMoney) - The nationwide average for gasoline prices rose for the 26th straight day Sunday, topping the $3.76-a-gallon mark, according to the motorist group AAA.

The average price of regular unleaded gasoline climbed 0.7 cent in the latest 24-hour period. The price of gas is up from $3.47 a month ago and $3.69 a week ago. Last year at this time, gas was $3.49 a gallon.

FULL STORY

Filed under: Energy • gas prices
February 27th, 2012
04:04 PM ET
3 years ago

Santorum: High gas prices caused the recession

Lansing, Michigan (CNN) - Rick Santorum argued Monday that it was high gas prices, not dubious lending practices or complex Wall Street trades, which torpedoed the housing market in 2008 and brought on the current prolonged economic slump.

The Republican presidential candidate made the claim at a campaign event in Lansing, Michigan while accusing President Barack Obama of blocking the expansion of domestic energy production.
FULL POST


Filed under: 2012 • gas prices • Michigan • Rick Santorum
Gingrich's $2.50 gas promise
February 24th, 2012
07:44 AM ET
3 years ago

Gingrich's $2.50 gas promise

NEW YORK (CNNMoney) - Gas prices are on the rise, and so like clockwork, a cadre of politicians are now selling the promise of lower prices at the pump.

Newt Gingrich, struggling to regain momentum in the Republican presidential primary, is leading the way, promising to get prices down to $2.50 per gallon.

FULL STORY

Filed under: 2012 • gas prices • Newt Gingrich
Fear of Iran is inflating gas prices
February 23rd, 2012
07:30 AM ET
3 years ago

Fear of Iran is inflating gas prices

New York (CNNMoney) - Tensions with Iran are adding at least 30 cents to a gallon of gasoline in the United States, and experts say gas prices have only just begun to rise.

Gasoline prices have surged over 10% in the last two months, largely tracking the runup in oil prices, which have increased by a similar amount and are now at a 9-month high.

FULL STORY

Filed under: CNNMoney.com • Energy • gas prices • Iran
Bachmann: I'll bring back $2 gas
August 18th, 2011
05:28 AM ET
3 years ago

Bachmann: I'll bring back $2 gas

NEW YORK (CNNMoney) - President Michele Bachmann has a promise: $2 gas.

"Under President Bachmann you will see gasoline come down below $2 a gallon again," Bachmann told a crowd Tuesday in South Carolina. "That will happen."

FULL STORY

Filed under: 2012 • gas prices • Michele Bachmann
U.S. to release oil from strategic reserve
June 23rd, 2011
10:08 AM ET
3 years ago

U.S. to release oil from strategic reserve

New York (CNNMoney) – The U.S. Department of Energy said it will release 30 million barrels of oil from the Strategic National Reserve to alleviate Libyan oil supply disruptions, in the midst of already-plummeting oil prices.

The U.S. release is part of a 60 million barrel increase in supply announced Thursday by the International Energy Agency, which includes the U.S. as one of its 28 member nations, "in response to the ongoing disruption of oil supplies from Libya."

FULL STORY

Filed under: Energy • gas prices
High gas prices change holiday travel plans
May 27th, 2011
03:40 PM ET
4 years ago

High gas prices change holiday travel plans

New York (CNNMoney) – The high price of gas is forcing many Americans to change their travel plans for the Memorial Day weekend, according to a survey released Friday.

Full results (pdf)

A CNN/Opinion Research poll showed that one in four adult Americans have altered their plans for this weekend because of high gas prices, and more than half say they have changed their overall vacation plans.

FULL STORY

Filed under: CNN/ORP poll • gas prices • Polls
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