"Demand needs to meet supply." Drivers throughout the U.S. could see higher gas prices as global oil supplies tighten, Chevron CEO warns.

With geopolitical risk fading, oil benchmarks turn lower on profit-taking and technical breakdowns. WTI confirms bearish channel break, Brent tests lower support, while NatGas faces continued pressure from mild weather and strong storage builds.

Why are oil and gas prices up now, and will US WTI, Brent crude futures, British and Dutch gas rates continue to rise or drop again? Oil and gas markets moved higher after reports of gunfire attacks on container ships in the Strait of Hormuz.

U.S. drivers are heading into what could be a costly summer at the pump, with gasoline prices hovering near $4.50 a gallon and little relief in sight, according to a May 6 report from Bank of America Securities.

U.S. natural gas futures were lower as oil prices fell on a report the U.S. and Iran were close to a deal.

As gas prices surge in Georgia and the US, analysts predict more increases ahead. Here's what's fueling the spike and when prices may drop.