Camila Domonoske

The U.S is planning its largest-ever release from its Strategic Petroleum Reserve. Here's what to know about the country's emergency oil stash.

Automakers want to sell you an electric vehicle, but to do that, they'll need the world to dig a lot more minerals out of the ground. The challenge is transforming both mining and the auto industries.

As automakers move to expand electric vehicle production, not enough raw materials — such as lithium — are being mined for batteries. Automakers are now directly sourcing raw materials from mines.

The national average for a gallon of regular gasoline is now 4.17 according to AAA. That surpasses the previous record set in the summer of 2008, when not accounting for inflation.

The global benchmark topped $115 briefly on Wednesday, just days after it crossed the triple-digit mark for the first time in seven years.

The American automaker is going to split its auto business into two units — Ford Blue and Ford Model E. They will be housed under the same corporate umbrella.

The American oil and gas giant is "beginning the process to discontinue operations" at the Sakhalin-1 project off Russia's eastern coast. The company also says it won't make new investments in Russia.

BP, Equinor and Shell have all announced they are terminating their ties to the Russian oil industry — a move that will cost them billions of dollars.

Oil-consuming nations will bring 60 million barrels of crude out of storage and onto global markets. It's supposed to calm oil prices down, but global crude went up on the news.

The ongoing crisis in Ukraine has created volatility on global oil markets. The oil cartel OPEC+ has a meeting this week to discuss their output.

Oil surged past triple-digit prices for the first time since 2014. The breach of the psychologically significant milestone is bound to reinforce fears about inflation.

The Russian military buildup that's threatening Ukraine is also driving up global energy prices. Oil has come close to $100 per barrel, a price not seen since 2014.

The threat of war between Russia and Ukraine is driving prices sharply higher, but there's more at play than just geopolitical tensions.

The entire auto industry is making a massive pivot to electric vehicles. The world is going to need a lot more batteries. And China dominates the supply chain.

A California state agency has sued Tesla, alleging that the automaker allowed "rampant racism" to run unchecked for years. The company says the lawsuit is "unfair and counterproductive."

Car makers are canceling some production shifts as protests over public health measures in Canada shut a key bridge that connects Detroit to Ontario.

Car buyers today continue to face fewer choices and much higher prices — and cheap vehicles are especially hard to find. It's not just that there are fewer cars; the ones being made are fancier, too.

Thanks to supply chain delays, car shoppers are finding fewer choices and higher prices. But low supply and high demand is paying off handsomely for auto makers and dealers.

The OPEC oil cartel holds its monthly meeting Tuesday amid high prices driven by supply shortages and geopolitical tensions. Some analysts predict prices could go up to a $100 a barrel soon.

Big automakers are planning to introduce several new models of electric vehicles in the coming year, though the demise of a hoped-for subsidy may keep sales sluggish in the short term.