The Latest Breaking News from Gas Prices

SACRAMENTO, Calif. — Gov. Gavin Newsom on Friday announced he is calling a special legislative session in December for lawmakers to consider passing a tax on excessive profits oil companies are making because of the spike in California gas prices.

California Gov. Gavin Newsom will call a special session of the state Legislature to pass a new tax on oil companies

As Californians look down the barrel of gasoline prices just cents away from hitting another all-time record, Gov. Gavin Newsom is quick to blame the oil industry for “ripping you off.” But even as Sacramento considers levying a punitive tax on oil companies, experts say state regulators have woefully little…

With weeks until winter, EU gas storage is almost 90 percent full, a level 15 percent higher than last year.

SAN JUAN CAPISTRANO, Calif. — When Amy Sibley heads to the Costco here from her home in nearby San Clemente, her best friend, Lisa Miller, tags along — to save gas money.

UK wholesale gas prices remain significantly under the peak levels touched in August

Germany’s plan to spend billions of euros to help keep gas prices low for its consumers and businesses is receiving a tepid welcome from fellow European Union members

LOS ANGELES — California is getting another reminder of the volatility of its energy supply as shutdowns at several oil refineries have sent gas prices soaring, including to all-time highs Monday in Los Angeles.

A one-month gas tax holiday that kicked in Saturday helped to push Orlando-area gas prices to their lowest average since January.