The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
The New York City police officer who used a chokehold on Eric Garner in an encounter that ended with Garner's death has been fired, New York City Police Commissioner James...Politicsread more
The president said the Fed has been hampered by a "horrendous lack of vision" and said it should institute 100 basis points worth of reductions in its benchmark rate.Marketsread more
"I think if yields roll over and start slipping, we may see renewed pressure on stocks," UBS' Art Cashin says.Marketsread more
These are the stocks posting the largest moves midday.Market Insiderread more
Buckle up, America. Gas prices have a hit a level not seen in three years and are expected to continue their upward trajectory.
The national average for a gallon of gas reached $2.82 this week, a level not seen since summer 2015, according to online gas station database GasBuddy.com.
Californians are paying the most: $3.61 per gallon. By contrast, Oklahoma has the lowest state average, at about $2.50.
While gas prices typically head higher every spring due to increased driving demand, the current average is 48 cents more per gallon — an increase of about 20.5 percent — than the $2.34 consumers paid a year ago before prices inched downward. For most of summer 2017, the average price hovered around $2.30 or trended lower.
The summer months will likely bring even higher prices.
"While it won't cost motorists as much as it did during 2011 to 2014 [when national averages ran $3 to $4], it will cost them millions more every day versus last year," said Patrick DeHaan, senior petroleum analyst for GasBuddy.com.
If the higher prices pinch your budget or affect your vacation plans, there are ways to save money on gas.
For starters, shop around.
Depending on where you live, there can be big price swings between gas stations. For instance, a recent review of the Los Angeles area found a difference of about $1 per gallon between the highest- and lowest-price stations, DeHaan said.
While the difference in price per gallon may only be a few pennies, it still adds up.
"Even if it's a difference of a nickel or dime, that could become a couple hundred dollars in savings," DeHaan said.
Also, if you cross state lines in your driving, be aware that there can be stark differences in average prices from one state to the next, in part due to varying gas taxes.
"Sometimes the difference can be 40 cents or even 80 cents a gallon," DeHaan said.
Additionally, if you can plan ahead by using an app to find the best prices along your route, do it, DeHaan said. Some gas stations also offer discounts if you pay with cash.
AAA offers these tips for saving on gas as you drive:
More from Personal Finance:
3 ways to get other people to pay off your student loans
Meghan Markle could be in for a wedding gift she doesn't want: A bigger tax bill
How to join the ranks of money-savvy independent workers