Trump is frustrated gasoline prices don’t mirror oil’s decline. Experts say it’s not that simple

NEW YORK — U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran. But they’re not falling fast enough for President Donald Trump. Trump, who wants to stave off the economic fallout of the war ahead of midterm elections, … Read more

Trump says he’ll move to suspend federal gasoline tax. He can’t do it on his own

WASHINGTON — President Donald Trump said Monday he will move to suspend the federal tax on gasoline to help Americans shoulder surging fuel prices caused by the Iran war. The president cannot suspend the federal tax on his own. Congress would have to approve the move. Lawmakers from both parties have pushed for a gas-tax … Read more

It’s not just gasoline. U.S.-Iran war could drive prices higher for many products derived from petroleum.

It might be hard to imagine the Iran war weighing on stuffed toys with names like Snuggle Glove, Bizzikins and Wobblies, but even plush playthings aren’t immune when oil shipments from the Middle East are constrained. Like many soft toys, the creatures developed by a manufacturer in Fort Lauderdale, Florida, are made with polyester and … Read more

Gasoline tanker erupts in flames after hitting power lines in Texas

A tanker truck in Texas hauling gasoline erupted into a fiery blaze on Sunday morning after colliding with another vehicle and knocking over power lines, leaving the truck driver in critical condition FORT WORTH, Texas — A tanker truck in Texas hauling gasoline erupted into a fiery blaze Sunday after colliding with another vehicle and … Read more

Trump administration waives summer gasoline regulations to ease fuel prices

The Trump administration will temporarily lift summer gasoline regulations as prices at the pump near $4 a gallon amid the Iran war.  The emergency fuel waiver allows refiners and retailers to sell E15 gasoline, which is blended with 15% ethanol, over the summer, the U.S. Environmental Protection Agency (EPA) announced Wednesday.  Restrictions on selling E10 gasoline, … Read more