The price of oil plunged and markets surged early Wednesday after a new report that the U.S. believed it was nearing a deal to end the war with Iran and eventually reopen the Strait of Hormuz. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Officials in Washington and … Read more
Trump argues rising gas prices are worth war with Iran – CBS News Watch CBS News Iran’s leverage depends on President Trump feeling political pressure at home. Gas prices are up and support for the war is not. Ed O’Keefe reports on domestic pressure on the Trump administration. Source link
NEW YORK — The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA, hitting the wallets of drivers after rising 50% since the war with Iran began. The main reason drivers are paying more at the pump is … Read more
Gas prices are up across the country, but nowhere are they up as much as in northern Kentucky’s Kenton County, where an average gallon of gas will run you $4.92 a gallon, nearly double the price it was at the start of the Iran war. Subscribe to read this story ad-free Get unlimited access to … Read more
Spirit Airlines said in court papers filed Monday that it was forced to ground its fleet for good over the weekend because “recent geopolitical events resulted in a massive and sustained increase in fuel prices.” Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. While the court papers did … Read more
The national average price of gas pushed higher Monday to $4.46 per gallon, as oil futures rose again after three days of declines, increasing the direct cost to consumers of the war with Iran. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. U.S. crude oil rose over 4% … Read more
President Trump said on Sunday the U.S. “will guide” trapped ships from countries not involved in the war with Iran through the Strait of Hormuz while maintaining the U.S. blockade on Iranian ports. It comes as the key waterway continues to impact gas prices in the U.S. with costs up 35 cents in just the … Read more
Passengers dealing with fallout from Spirit shutdown; fuel prices plaguing other airlines – CBS News Watch CBS News Spirit Airlines’ abrupt closure on Saturday has left passengers scrambling. And the skyrocketing fuel prices that helped bring about Spirit’s end are wreaking havoc on the rest of the industry. Shanelle Kaul reports. Source link
Trump’s poll numbers tank as Iran war continues to jack up gas prices – CBS News Watch CBS News Prolonged uncertainty about the war in Iran coupled with rising energy and grocery prices are pummeling pocketbooks and President Trump’s polling numbers. Olivia Gazis reports. Source link
Fuel prices making wildfire battles more expensive – CBS News Watch CBS News Aircraft used to fight wildfires are getting more expensive as fuel prices rise. Carter Evans reports. Source link