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
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
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
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
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.
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
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
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
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.
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