• Average Riverside County Gas Price Rises Slightly

    (CNS) – The average price of a gallon of self-serve regular gasoline in Riverside County rose three-tenths of a cent Monday to $3.143, one day after remaining unchanged. The average price is 1.1 cents more than one week ago and 6.8 cents higher than one month ago, but 41.4 cents less than one year ago, […]

  • Oil crashes by most since 1991 as Saudi Arabia launches price war

    (CNN) — Oil prices suffered an historic collapse Monday after Saudi Arabia shocked the market by launching a price war against onetime ally Russia. US oil prices crashed as much as 34% to a four-year low of $27.34 a barrel as traders brace for Saudi Arabia to flood the market with crude in a bid to recapture market […]

  • Oil prices plunge as Trump speech eases Iran fears

    Oil prices tumbled Wednesday as President Donald Trump signaled tensions with Iran are easing, reducing fears of a deeper conflict between the two nations. The decline in crude marks a stunning reversal from an initial spike caused by Iran’s missile strike on bases in Iraq that house US troops. US crude tumbled 4%, hitting session lows […]

  • Congress weighs response to attacks on Saudi oil facilities

    A few days after the Abqaiq and the Khurais oil facilities in Saudi Arabia were attacked, members of Congress sought information about the culprit and debated whether US military action would be necessary. Vice President Mike Pence told a group of Republican senators at lunch Tuesday in the Capitol that the US goal is to “restore […]

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