WASHINGTON — Soaring gas prices are expected to produce a spike in inflation when the government reports consumer prices for March on Friday, likely unnerving the inflation fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House. Inflation probably rose to 3.4% in March compared with a year … Read more
How Middle East tensions impact prices in U.S. – CBS News Watch CBS News Kelly O’Grady breaks down why the prices Americans pay in the U.S. often depend on what is happening in the Middle East. Source link
Oil prices rise as questions linger about the Strait of Hormuz – CBS News Watch CBS News Oil prices are rising again after a brief drop following news of a U.S.-Iran ceasefire. CBS News’ Jill Schlesinger has some advice for those watching the markets. Source link
The price of oil rebounded on Thursday, as doubts began to set in about the state of the Iran ceasefire announced just two days earlier by President Donald Trump. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Chief among them was that fewer than a half-dozen ships had … Read more
Despite the ceasefire with Iran, gas prices in the U.S. remain high. The national average is $4.17 per gallon, according to AAA. Kelly O’Grady explains what to expect. Source link
HONG KONG — Oil rose again and world shares were mostly down Thursday on skepticism over a fragile ceasefire between the U.S. and Iran. Investors were closely watching whether a two-week ceasefire between the United States and Iran was already slipping after a round of intense Israeli strikes on Lebanon that killed and injured hundreds. … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Skip to Content news Alerts There are no new alerts at this time 01:30 Consumers wait for relief as oil prices drop 00:0000:00 Source link
Stocks rally and oil prices drop following ceasefire announcement – CBS News Watch CBS News Stocks jumped and oil prices fell on Wednesday following President Trump’s announcement of a two-week ceasefire in the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more. Source link
Although an eleventh-hour truce between the U.S. and Iran immediately eased tensions between the warring countries, it could take some time for Americans to see relief from the soaring fuel costs that have pushed gasoline prices to their highest level in years, energy experts and economists said. Patrick De Haan, a petroleum expert at GasBuddy, … Read more
Average gas prices have increased more than a dollar since the U.S. and Israel first attacked Iran. In five states — California, Hawaii, Nevada, Oregon and Washington — average gas prices are more than $5 per gallon, the highest nationally. States toward the middle of the country are paying the least, according to AAA data. … Read more