Many American motorists travel across the border to fill their tanks with cheaper gas in Mexico. So, here's how to get gas for under $1 per gallon in Mexico.
President Joe Biden said the U.S. is going through an "incredible transition" away from being dependent on fossil fuels with the nation's high gas prices.
Mexico has suspended its gasoline subsidies as more U.S. citizens are crossing the U.S.-Mexico border for cheaper gas prices, draining the country's supply.
U.S. President Joe Biden has announced that he will be releasing one million oil barrels per day from the country's Strategic Petroleum Reserve for the next six months in an attempt to put a stop to high gas prices.
U.S. President Joe Biden demands an investigation on oil companies over the increasing gas prices. He called for the Federal Trade Commission to do the probe through a letter addressed to the head of FTC.
Oil prices continued to fall again on Monday as concerns of weak demand continued to worry investors. Since the end of last year, U.S. oil futures are down 30 percent.
US gas prices keep going down and the lowest rate in six years has been recorded last week. As of Dec. 14, regular gasoline was priced at only $1.953 per gallon which is lower than in January when it was at $1.982 per gallon.
National average is now $2.66. Oil prices continue to drop to historic lows, but gas prices nationwide continue to rise, especially in the Midwest, USAToday reports.
The U.S. Iran nuclear deal, which President Obama announced Tuesday, could add 1 million barrels of crude oil to global markets and bring gas prices in the U.S. down to $2 a gallon.
Crude oil prices are expected to remain low for the rest of 2015 and that could mean that drivers in the U.S. could see the lowest summer gas prices in 10 years.
For the first time in nine months, drivers across the United States saw the cost of fuel rise over the past two weeks, a Lundberg survey released Sunday showed. A gallon of regular-grade gasoline on average cost $2.20 across the nation.
Oil could be headed back to "normal" prices per barrel according to Secretary-General of Organization of the Petroleum Exporting Countries (OPEC) Abdullah al-Badri said Wednesday.
Gas prices continue to fall sending more drivers to the pumps to fill up. The national average of $2.09 per gallon, according to data from AAA, is well over a dollar lower than the price of $3.31 a year ago. With gas prices falling and temperatures mild around the lower 48 states, consumers might want to hit the roads a little more than in the past.
Global crude prices have dropped by 50 percent just June, and gas prices around the world are plummeting as the barrel reaches a price not seen since after the 2008 recession.
