gas price

Washington faced unwelcome news this week that the state’s average price for a gallon of gas is the highest in the country.

Oil prices have risen sharply over the last few months. Normally, that's a recipe for a drilling frenzy from U.S. oil producers. But something strange is happening, or rather, not happening.

OPEC and its allies said Thursday they are keeping oil production largely steady, even as crude prices stage a remarkable recovery, betting that a restrained approach will lay the groundwork for prices to climb even more.

Gasoline prices have been dropping steadily for months; they're averaging right around $2.25 per gallon nationally. Enjoy, but don't get used to them, analysts say.

Oil prices dropped below $60 a barrel on Black Friday, the lowest price in a year. While President Trump credits Saudi Arabia for what he says amounts to a "tax cut," the reality is more complicated.