How high could oil and gas prices go if the Strait of Hormuz remains closed?

President Trump’s comments to reporters on Tuesday that he expects the U.S. to end its war with Iran in two or three weeks is buoying investors by easing global oil prices and boosting stocks. Yet such optimism is certain to fade quickly unless Iran agrees to reopen the Strait of Hormuz soon, according to economists, who warn that crude prices … Read more

Gas prices hit $4.06 a gallon before Trump’s prime-time address

U.S. gasoline prices continue to inch higher, hitting $4.06 a gallon after crossing $4 on Tuesday, as the Iran war continues to drive up costs for American drivers. The average cost of a gallon of gas has jumped 36% since the war started, according to AAA. Gas climbed above $4 yesterday for the first time since August … Read more

DoorDash driver feels the squeeze as gas prices top $4 a gallon in many states

DoorDash driver feels the squeeze as gas prices top $4 a gallon in many states – CBS News Watch CBS News Drivers in at least 13 states across the country are paying an average price of $4 a gallon or more for gas. Jason Allen spoke to a man who’s feeling the strain with his … Read more

Trump advisers fear GOP midterm losses as gas prices spike

White House officials have privately discussed their concerns about recent internal and public polling on the economy and President Trump and have been trying to drum up new strategies to prevent GOP losses in the midterm elections, sources briefed on the conversations told CBS News.  Senior aides, including chief of staff Susie Wiles and deputy … Read more

Gas prices rise above $4 a gallon amid Iran war

IE 11 is not supported. For an optimal experience visit our site on another browser. Demi Lovato reflects on starting as a child star 01:03 Supreme Court rules against state conversion therapy ban 00:41 Celine Dion announces return to the stage 00:43 Questions remain over possibility of troop deployment 00:32 Now Playing Gas prices rise … Read more

Gas Prices Top $4 a Gallon as Iran War Sends Price of Oil Soaring

IE 11 is not supported. For an optimal experience visit our site on another browser. King Charles and Queen Camilla to Make State Visit to US in April 00:21 Popular Weight-Loss Drug Wegovy Unveils Subscription Service 02:38 Countdown Underway for Long Awaited Artemis II Moon Launch 03:09 Army Investigates Helicopter Fly-By at Kid Rock’s Nashville … Read more

Stocks end mixed as crude oil prices rise and stay over $100 a barrel

Stocks end mixed as crude oil prices rise and stay over $100 a barrel – CBS News Watch CBS News Wall Street had a shaky start to the week on Monday, as U.S. stocks ended mixed and crude oil prices stayed above $100 a barrel. Yahoo Finance senior reporter Brooke DiPalma joins to discuss. Source … Read more