Gas prices are surging across the U.S., with motorists paying about 20% more per gallon than before the start of the U.S. war with Iran. Experts say one option that could help tame prices at the pump is tapping the Strategic Petroleum Reserve, the nation’s emergency oil stockpile designed to cushion supply shocks. The average price per … Read more
Trump says he “knew oil prices would go up” but it’s been less than he anticipated – CBS News Watch CBS News President Trump said he “knew oil prices would go up,” but it’s been less than he anticipated after oil prices hit more than $100 per barrel on Monday. CBS News’ Kelly O’Grady has … Read more
NEWYou can now listen to Fox News articles! President Donald Trump, who rode promises of affordability back to the White House, is now confronting Iran-driven volatility that’s undermining that message as fuel costs rise nationwide — and putting fresh pressure on Republicans heading into the midterms. With the Iran conflict rattling oil markets and raising … Read more
Trading steadied early Tuesday and crude prices eased after wild swings this week with investors trying to figure out how long the war with Iran will continue. Futures for the Dow Jones Industrial Average rose 0.2% before the opening bell, while S&P 500 futures inched up 0.1%. Futures for the Nasdaq were up 0.2%. On … Read more
How the Strait of Hormuz impacts oil prices amid the conflict in the Middle East – CBS News Watch CBS News About 20% of the world’s oil goes through the Strait of Hormuz, which is a crucial waterway south of Iran. Kelly O’Grady explains how it impacts the oil market worldwide. Source link
Gas prices rose 14% during the first week of the joint U.S.-Israel war with Iran, according to AAA. CBS News contributor J.D. Durkin joins from the New York Stock Exchange with analysis. Source link
Americans react to rising gas prices: “Very frustrating” – CBS News Watch CBS News The reality of the war in Iran is showing up at gas stations nationwide. Jo Ling Kent spoke to consumers at the pump. Source link
As the war with Iran causes the price of oil to skyrocket, the CEO of United says that it could soon affect airline prices. Clint Henderson, managing editor for travel website The Points Guy, joins to discuss. Source link
The White House said it was also “in constant coordination with the relevant agencies on this important issue.” “President Trump and his entire energy team have had a strong game plan to keep the energy markets stable well before Operation Epic Fury began, and they will continue to review all credible options,” White House spokeswoman … Read more
Gasoline prices in the U.S. continued climbing on Monday after the U.S.-Israeli war with Iran pushed oil prices above $100 per barrel, the highest since 2022. The average national cost of gas is now $3.48 per gallon, up 48 cents since last week and 58 cents from a month ago, according to data from AAA. That remains … Read more