Drought in the contiguous United States has reached record levels for this time of year, weather data shows. Meteorologists said it’s a bad sign for the upcoming wildfire season, food prices and western water issues. More than 61% of the Lower 48 states is in moderate to exceptional drought – including 97% of the Southeast … Read more
With word of the Strait of Hormuz reopening, the stock market soared on Friday. Oil prices dropped about 10%, and as a result, gas prices ticked downward. Kelly O’Grady breaks it all down. Source link
Summer travel overseas could hit turbulence amid soaring jet fuel prices – CBS News Watch CBS News The International Energy Agency warned that Europe could be about six weeks from a major shortage of jet fuel due to supply chain disruptions stemming from the conflict in Iran. Kris Van Cleave reports. Source link
Nearly every American consumer staple, from fresh produce and baked goods to household supplies and medical equipment, has been packed at some point in lightweight, flexible plastic sacks, known in the industry as poly bags. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Elevated gas prices have already … Read more
Oil prices plummeted by around 10% on Friday after Iran declared the Strait of Hormuz “completely open” amid a ceasefire between Israel and Lebanon. The West Texas Intermediate, the U.S. benchmark, fell by $10.33, or 10.91%, to $84.36, according to oilprice.com. Brent, the international standard, dropped $8.89, or 8.94%, to $90.05 a barrel. U.S. motorists … Read more
NEWYou can now listen to Fox News articles! Former Vice President Kamala Harris this week blasted President Donald Trump for the surge in gas prices triggered by the U.S. war with Iran. But four years ago, the then-vice president said that soaring gas prices sparked in part by the Russian invasion of Ukraine were the … Read more
Americans react to high prices inflated by the Iran war – CBS News Watch CBS News Americans are grappling with rising prices that are already being driven by inflation. This comes as the war in Iran continues to affect oil and gas costs. CBS News’ Lana Zak reports. Source link
The price of oil plunged sharply and U.S. stock indexes opened at new all-time highs after the Iranian foreign minister said that the Strait of Hormuz was open for commercial vessels. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “In line with the ceasefire in Lebanon, the passage … Read more
After weeks of enduring high gas prices, drivers appear to be seeing some relief at the pump. Patrick De Haan, the head of petroleum analysis for GasBuddy, joins “The Daily Report” with more. Source link
President Trump continues to say the Iran war is “very close to over,” but no new peace talks have been confirmed. Meanwhile, gas prices remain elevated, and while Mr. Trump says they’ll plummet “very soon,” Treasury Secretary Scott Bessent has a different timeline. Weijia Jiang reports. Source link