Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.
Gas prices are at record highs.
AP Photo/Gene J. Puskar
Consumers are feeling pain at the pump and demanding solutions. Some politicians are pushing gasoline tax waivers – but that means less money to fix roads, and often not much economic relief.
Moscow headquarters of Rosneft, Russia’s state-owned oil company.
AP Photo/Mikhail Metzel
Oil revenues are crucial to Russia’s economy. The US only accounts for a small fraction of them, so banning Russian oil imports has mainly symbolic value.
Some motorists are willing to pay more for the price of gas. Others are considering trading in gas-guzzling cars for more efficient vehicles. The price of gas at a Petro Canada gasoline station in Ajax, Ont., on March 7, 2022.
THE CANADIAN PRESS/Doug Ives
Oil supply is very tight, and the current geopolitical crisis involving Russia, one of the world’s largest oil producers, has pushed prices over the edge.
For decades, most gas sold in the U.S. contained a lead additive.
Per Magnus Persson via Getty Images
Burning leaded gasoline releases toxic lead into the environment, and for 100 years people around the world have been dealing with the health effects. How did a century of toxic fuel come to be?
The “Big Inch” oil pipeline at Phoenixville, Pennsylvania, around 1943.
Betttman via Getty Images
Proposals for new oil and gas pipelines can generate intense debate today, but during World War II the US built an oil pipeline more than 1,300 miles long in less than a year.
Ford calls its all-electric F-150 Lightning “the truck of the future.”
Ford
Ford’s electric F-150 pickup won’t roll off assembly lines until early 2022, but the company has received thousands of preorders already for a vehicle aimed at the mass market, not eco-buyers.
Electric cars charging at Washington, DC’s Union Station.
AP Photo/Susan Walsh
Electric cars offer benefits for low-income and minority drivers, including cleaner air and lower maintenance costs. But it will take more than rebates on new models to make EVs accessible for all.
Tesla CEO Elon Musk introduces the Cybertruck – with shattered windows – at Tesla’s design studio in November 2019 in Hawthorne, Calif.
(AP Photo/Ringo H.W. Chiu)
Vehicles made before 2001 could suffer fuel system or engine damage if they’re run on E15.
President Gerald Ford discussing plans for a Strategic Petroleum Reserve with workers in California in 1975.
Gerald R. Ford Presidential Library & Museum
The Trump administration’s move to freeze fuel economy standards reflects a sea change in American energy policy first born during an era of oil shortages and environmental crises.
Many people thought U.S. gasoline consumption had already peaked. They were wrong. What happened?
In 2015, gas prices fell below $2 per gallon in Moscow Mills, Missouri. The trend of low gas prices across the United States delay a signature Obama proposal to reduce emissions from cars and trucks.
Whitney Curtis/Reuters
Faced with stringent fuel economy standards but cheap gas, automakers may seek to delay CAFE rules. What’s the best way to reevaluate these emissions-cutting rules?
Americans like big vehicles – a serious challenge to reducing emissions.
chrisgold/flickr
American consumers just aren’t prioritizing fuel efficiency in a time of low gasoline prices. Is there a way to reverse the trend and make progress on climate change?