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A petroleum expert weighs in on whether the volatile situation in Venezuela is a factor in the lower gasoline prices.

CHICAGO — Peoples Gas on Monday filed a $202.3 million rate hike request with the Illinois Commerce Commission, sparking public outcry and protests from consumer advocates.

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Watch the Video Lee and I discussed a data point that has major economic implications. The national average price for regular gasoline has dropped to about $2.75 per gallon, a level not seen in a long time.

The new fixed-rate system means motorists will pay relatively higher taxes when fuel prices are low, reversing the previous percentage-based model.

Drivers across South Carolina are seeing small changes at the pump this week as global events, including political and economic uncertainty in Venezuela, contin

CheapInsurance.com compiled statistics on gas prices in the U.S. using data from AAA. Gas prices are current as of January 5. U.S. by the numbers - Gas current price: $2.81 - Week change: -$0.01 (-0.5%) - Year change: -$0.25 (-8.1%) - Historical expensive gas price: $5.02 (6/14/22)