Soaring energy prices due to the Iran war could provide a massive windfall for U.S. oil companies. Rystad Energy, a market research firm, estimates that shale oil producers in the U.S. could earn an additional $63 billion in sales as prices soar past $100 a barrel. If oil prices averaged $70 a barrel — their approximate level before … Read more
Gasoline prices inched higher on Monday with Brent crude remaining above $100 per barrel, as the Strait of Hormuz, a vital shipping lane for the global energy supply, remains paralyzed amid the Iran war. The average price for a gallon of gas rose to $3.72 on Monday, up from $3.70 on Sunday and representing an increase … Read more
The war with Iran continues to impact energy prices globally with Americans seeing another rise on prices at the pump. Patrick De Haan, head of petroleum analysis for Gas Buddy, joins CBS News to discuss. Source link
Oil prices soared again Friday, putting them on track to record their biggest jump since early 2020 as the escalating Iran war threatens global energy supplies. Source link