The president is threatening gas companies and retailers over prices his own Iran policy helped create, while demanding that prices drop to a level the market hasn't seen since 2020.
Prices are now rising faster than wages, just like during much of the Biden years. The war in Iran is largely to blame.
Direct military costs have exceeded $70 billion by one estimate, and Americans have paid more than $37 billion in higher energy costs since the war began.
Plus: FISA reauthorization passes the House, a very capitalist museum, escalation in the redistricting wars, and more...
Plus: Mamdani vs. self-driving cars, blue state wealth and exit taxes, Hillary Clinton's awful affordability agenda, and more...
The administration claims we're a "net oil exporter," but unfortunately that's not quite true.
Plus: A seventh American has been killed in the Iran conflict, the U.S. is almost certainly responsible for school strike, how Lindsey Graham helped start the war, and more...
You can have low gas prices or war in the Middle East, but not both.
Plus: Entitlement reform, gas prices, the Reason SOTU drinking game, robo-vac spies, and more...
Meanwhile, Trump is touting low gas prices, which are due in part to the lack of tariffs on oil and gasoline.
The Reason Sindex tracks the price of vice: smoking, drinking, snacking, traveling, and more.
The president says the affordability crisis is over, but he's also promising huge government checks. And he doesn't know how much gas costs.
Taxes and regulations pinch supply and hike prices at the pump.
CAFE standards try to accomplish a reasonable goal but in an ineffective way.
The Jones Act keeps energy-hungry Alaskans from using their own natural gas.
The Trump administration’s math on Middle Eastern energy supplies just doesn’t add up.
The incoming administration is grappling with uncomfortable political consequences of the tariffs Trump wants to impose.
And higher gas prices will make it more expensive to move goods around the country.
Gas prices in California are exceptionally high because of the state's high taxes and anti-oil regulations, not because gas station owners there are greedier.
Growth of regulation slowed under former President Trump, but it still increased.
Opening night of the Republican National Convention programmed a central issue with a Trumpian twist: "Make America Wealthy Again."
Congress forced the government to sell gasoline from the Strategic Petroleum Reserve, an obligation the Biden administration is now bragging about fulfilling.
The president has tried to shift blame for inflation, interest rate hikes, and an overall decimation of consumers' purchasing power.
The Reason Sindex tracks the price of vice: smoking, drinking, snacking, traveling, and more.
Lawmakers should consider a user-fee system designed to charge drivers by the mile.
Mark Mills and Rosario Fortugno debate the future of electric vehicles.
Will electric cars disappoint environmentalists? Mark Mills and Rosario Fortugno debate.
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
Overall inflation rose 0.6 percent in August leading to an annualized rate of 3.7 percent.
The Colorado governor finds common ground with many libertarians. But does he really stand for more freedom?
We once ranked No. 4 in the world, according to the Heritage Foundation. Now we're 25th.
"If you don't trust central authority, then you should see this immediately as something that is very problematic," says the Florida governor.
"When we look at solar and wind around the world, it always correlates to rising prices and declining reliability."
"It's very easy for politicians to legislate freedom away," says Northwood University's Kristin Tokarev. "But it's incredibly hard to get back."
Election betting markets are often more reliable than pundits. Did the site steal user funds? No. Did they lie to people? No. Harm anyone? No.
The Strategic Petroleum Reserve is supposed to insulate the U.S. from oil embargoes and foreign wars. More often, it has been used like an insurance policy for private companies.
The maritime industry inserted some protectionism into the National Defense Authorization Act.
Food prices were up 0.5 percent during November, even as energy prices fell by about 1.6 percent.
"Engineers are really good at making things better, but they can't make them better than the laws of physics permit."
California's governor is following Carter's disastrous energy policies at a time when the state's residents are suffering from already high prices.
Prices rose by 0.4 percent in September, faster than economists expected and indicating that rising interest rates aren't getting the job done.
Saudi Arabia snubs Biden by advocating OPEC cut oil production by 2 million barrels per day.
It's the economics of energy production that make petrostates more trigger-happy, Emma Ashford argues in Oil, the State, and War.
Even as gas prices continued to tumble, rising prices for food and housing pushed inflation higher in August and proved that prices aren't cooling off yet.
If the Golden State wants to convert to electrical vehicles, it better start embracing nuclear power.
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