The average price of a gallon of gasoline hit $4 Tuesday for the first time since mid-2022, as the cost of oil surges due to the Iran war. In the month since the U.S and Israel attacked Iran, the average price of unleaded gas has spiked more than a dollar a gallon. On Tuesday morning, … Read more
2m ago Water desalination plant on Iran’s Qeshm island in Strait of Hormuz reportedly offline after strike Iranian media said Tuesday that an Israeli or U.S. airstrike had taken a water desalination plant on the Persian Gulf island of Qeshm offline. According to the Iranian government affiliated Borna News, the head of the Ministry … Read more
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The war with Iran is pushing up oil and gas prices, creating widespread financial strain on U.S. motorists, food delivery drivers, farmers as well as the U.S. Postal Service. Analysts say prices are likely to remain elevated until shipping resumes in the Strait of Hormuz, a key waterway between the Persian Gulf and the Gulf of Oman through … Read more
The price of gold per ounce has dropped by hundreds of dollars this month. alfexe/Getty Images The price of gold has been rising so fast and consistently for so long that investors could be forgiven for assuming its rise would never end. After all, the price of gold was comfortably under $3,000 per ounce at the … Read more
The price of gold has declined in recent weeks, creating new, more affordable opportunities for investors. FRAME STUDIO/Getty Images A gold investment is famous for functioning as many things – a hedge against inflation, a portfolio diversification and a tangible asset that can be held in the palm of your hand. Still, exponential price growth … Read more
How rising diesel price may affect inflation amid Iran war – CBS News Watch CBS News For American drivers, the cost of the war with Iran is already showing up at the pump. But there’s a bigger warning light flashing for the economy: diesel. Kelly O’Grady explains. Source link
As consumers cope with lingering cost-of-living pressures and the potential impact of tariffs, CBS News is tracking the change in prices of everyday household expenses — from food to utilities and rent. Use the tool below to explore price changes in dozens of items across different categories. About the data The categories in this tracker … Read more
NEWYou can now listen to Fox News articles! Republicans sharply criticized former President Joe Biden over rising prices at the gas pump, but a spike in energy prices amid the U.S.-Israeli conflict in Iran threatens to scramble the party’s affordability messaging. The Iran conflict has led to a surge in gas prices for Americans, leading … Read more
Energy Secretary Chris Wright said Sunday that the “period of elevated energy prices” will be temporary, “but it will not be long,” as the Iran war continued into a second week. Oil and gas prices “shouldn’t go much higher than they are here because the world is very well supplied with oil,” Wright said on … Read more