How rising fuel prices could impact costs of everyday goods – CBS News Watch CBS News The price of gas and diesel continue to rise as the war with Iran continues. The increased prices could impact the cost of other goods from groceries to airline tickets. Kelly O’Grady explains. Source link
Motorists are paying sharply higher fuel prices since the outbreak of the Iran war, despite the U.S. being the world’s largest oil producer. Why? After all, as of 2023 (the latest data available), the U.S. churned out roughly 13 million barrels of crude a day, according to the Energy Information Administration (EIA). That compares with roughly 10 … Read more
NEWYou can now listen to Fox News articles! President Donald Trump’s suggestion that Iranian oil infrastructure could be a U.S. target sent oil and gasoline prices higher on Monday, as traders weighed the risk of a deeper confrontation that could further exacerbate global energy supplies. On Friday, Trump ordered strikes on military assets on Iran’s … Read more
The war in Iran has caused oil and gas prices to spike, but it’s not just affecting cars on the road. A recent Deutsche Bank analysis shows that rising oil prices are also leading airlines to hike ticket prices. CBS News MoneyWatch reporter Megan Cerullo has the details. Source link
Trump asked about how long gas prices will be high – CBS News Watch CBS News President Trump took questions on the Iran war at the White House Monday, at one point being asked if his advisers had told him anything about how long gas prices would be as high as they are right now. … Read more
As the war in the Middle East drives up energy prices, Americans are feeling the pinch at the gas pump. With elevated prices likely to stick around in the near future, experts say there are some practical steps drivers can take to stretch their fuel a little farther. Gas prices hit $3.72 per gallon on Monday, an … Read more
The stock market appears optimistic that the war in Iran will end soon and that oil prices will drop. Joy Wiltermuth, a reporter for MarketWatch, joins CBS News with more details. Source link
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
Americans remain concerned about rising prices and conflict abroad as the Iran war enters its third week. Political strategists Kevin Sheridan and Hyma Moore join CBS News with their take on the latest moves by the Trump administration. Source link
DETROIT — When gas prices spike, filling up gets more painful. But consumers can do something to stretch their fuel just a little farther: Change the way they drive. “It’s a hard one to swallow, right? You gotta put gas in to go about your day and get to work and pick the kids up … Read more