Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and end Moscow’s brutal war on Ukraine.

Orlando gas stations are averaging $2.89 per gallon, an 18.8-cent drop in the last week, GasBuddy announced.

Iran launched missiles at a U.S. military base in Qatar on Monday, threatening to stoke a wider conflict in the Middle East, a region that supplies the world with about a third of the oil used globally every year.

Gasoline prices have increased by just a few cents compared to this time last month, but the cost to fill up the tank has declined by nearly 40 cents per gallon since last year.

President Donald Trump is emphasizing that targeting Russia’s oil revenue is the best way to get Moscow to end its nearly three-year war against Ukraine.

President-elect Donald Trump is angling to reverse an offshore oil and gas drilling ban along U.S. coastlines, a policy recently implemented by the Biden administration, as soon as he takes office in late January.

Gasoline prices are dropping to multiyear lows as more Americans opt to travel less in the cooler temperatures.

Gasoline prices have continued their downward trend toward three-year lows as the U.S. election nears.

Gasoline prices haven't changed much in several weeks, and on average they sit about 45 cents lower than this same time last year.

Higher oil prices have pushed up costs at the pump this week ahead of the Fourth of July holiday weekend.

Gasoline prices have held steady over the past week even as the price of oil has climbed above $80. And it could stay that way — for now.

Gasoline has maintained its relatively low price this past week compared to the same time in 2023.

Gas prices are once again on the decline across the U.S. That's bringing some relief to drivers now paying a little less to fill up their tanks.

Gasoline prices are up slightly this week after drivers enjoyed a Memorial Day weekend in which the average cost for a gallon of gas was just below the average seen a year ago.

The national average price for a gallon of gasoline is declining for a fourth straight week as the country gears up to open swimming pools for the summer season this Memorial Day weekend.

The average cost for a gallon of gasoline is up 6 cents from a month ago but has dropped by about 1 cent over the past week, according to AAA and GasBuddy data.

Gasoline prices continue to rise this week in line with seasonal trends. It's the third-straight week prices at the pump have risen on average, according to a GasBuddy analysis.

Drivers in Florida are getting a reprieve as prices there have come down some from the record high for the year they notched last week.

It’s not just you.

This is the fifth week in a row that American drivers have seen prices drop.

The cost of oil has hovered above $90 a barrel since early September, keeping prices at the pump stubbornly higher.

Average gasoline prices in Florida went up 10 cents a gallon during the past week, and an anticipated spring increase could be exacerbated by a surprise move by OPEC to cut production.

As the national average price per gallon nears $5, Central Florida gas prices have jumped in the last 24 hours.

Gas prices continue to soar and Florida’s average price per gallon is now a penny short of the national average.

Despite record-high gas prices, millions of people are still expected to hit the road this Memorial Day weekend.

Even with inflation reaching its highest point in 40 years, it seems the high price of gas — at its highest level in eight years — is frustrating Americans the most.

After a brief dip, gas prices in the U.S. are on the rise again, hitting an average $3.09 per gallon.