As California voters prepare to choose their next governor in 2026, energy policy — particularly the future of oil production, refineries and gas prices — has remained a central and complex issue in the race. California gas prices are the highest in the nation and are projected to rise as oil refineries leave the state. For … Read more
TOKYO — Asian markets that were open for trading mostly rose Monday, as investors continued to closely watch the war in Iran, soaring oil prices and what President Donald Trump might say next. Japan’s benchmark Nikkei 225 rose nearly 1.1% to 53,692.42 in morning trading. South Korea’s Kospi gained 1.5% to 5,460.24. Trading was closed … Read more
Flight prices surging amid Iran war – CBS News Watch CBS News The war with Iran is spiking jet fuel prices, prompting airlines around the world to charge more. Shanelle Kaul reports. Source link
Maryland Gov. Wes Moore: The solution to rising gas prices is to “stop fighting foreign wars” – CBS News Watch CBS News Maryland Gov. Wes Moore criticized President Trump’s handling of the Iran war on “Face the Nation.” He told CBS News’ Ed O’Keefe he’s looking for “some clarity” about the war’s goals, and warned … Read more
Amid the war in Iran, the nationwide average price for a gallon of regular is now $4.10. Soaring gas prices are also fueling new questions about the cost of the vehicles we drive. Ali Bauman has more from the New York Auto Show. Source link
NEW YORK — Amazon is slapping a 3.5% fuel and logistics surcharge on third-party sellers using its platform starting later this month amid a spike in fuel prices since the war in Iran started. The temporary charge is effective April 17 for many of the sellers who use Amazon’s fulfillment services, the online behemoth confirmed … Read more
For years, California leaders accused oil companies of price gouging. Instead, a six-month-long CBS News California investigation revealed a complicated reality shaped by state policies, refinery closures, and global supply risks that uniquely impact California’s isolated fuel market. What CBS News California Investigates found: Why California gas costs more: Higher taxes, labor and business costs, … Read more
Oil prices surged again on Thursday after President Trump did not provide a clear timeline for the end of the Iran war or a potential reopening of the Strait of Hormuz during his nationwide address on Wednesday night. CBS News senior business and tech correspondent Jo Ling Kent has more. Source link
American drivers have paid an additional $8.4 billion in fuel costs since the Iran war started, according to a new estimate from the Joint Economic Committee’s Democratic minority. The lawmakers’ calculation is based on daily average gasoline prices as tracked by AAA between Feb. 28, when the U.S. and Israel attacked Iran, through March 31. The … Read more
8m ago Oil prices surge, stocks fall as Trump offers “far less than what the market expected” Oil prices were sharply higher following Mr. Trump’s Wednesday evening remarks. Brent crude, the international standard, jumped 6.9% to $108.15 per barrel before early Thursday. Benchmark U.S. crude rose 6.4% to $106.55 a barrel. While renewed optimism … Read more