prices

Why gas prices have risen despite record U.S. oil production

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IE 11 is not supported. For an optimal experience visit our site on another browser. Goats named Cosmo and Comet help kids learn how to read 00:46 Now Playing Why gas prices have risen despite record U.S. oil production 01:48 UP NEXT Chris Wright addresses concerns over surging energy prices 00:56 Energy secretary: Strait of … Read more

Chris Wright addresses concerns over surging energy prices

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IE 11 is not supported. For an optimal experience visit our site on another browser. Goats named Cosmo and Comet help kids learn how to read 00:46 Why gas prices have risen despite record U.S. oil production 01:48 Now Playing Chris Wright addresses concerns over surging energy prices 00:56 UP NEXT Energy secretary: Strait of … Read more

Use the stairs, work from home: Asia is already making big changes as oil prices spike

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HONG KONG — The fallout from the U.S.-Israeli war with Iran and the effective closure of the Strait of Hormuz is being felt sharply in Asia, with authorities from New Delhi to Manila implementing emergency measures to shield consumers from mounting shortages and surging oil prices. On Friday, people in Nepal lined up at gas-filling … Read more

War in Iran squeezing U.S. oil supply, driving up gas prices

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War in Iran squeezing U.S. oil supply, driving up gas prices – CBS News Watch CBS News The economic risks of the war in Iran are getting real for Americans at home. Stock markets ended the week down again as the conflict dragged on. This as U.S. crude oil costs are pumped up. Andres Gutierrez … Read more

Jet fuel prices are rising. That could make summer flights more expensive

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Jet fuel prices are rising as the war in the Middle East disrupts global oil supplies, putting cost pressure on airlines as the busy summer travel season approaches. Experts say it’s not a question of if airfares will go up, but when, for how long and by how much. The impact may be felt most … Read more

The Iran war’s looming economic threat: Higher food prices

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The ongoing war in Iran is driving up more than just the cost of oil. With essential crop fertilizers also caught in the crossfire, U.S. food prices could be next. About one-third of the world’s fertilizer ingredients — key inputs farmers rely on to grow the crops that become everyday food items — transit through … Read more

Airfares are lifting off because of rising oil prices. These tips could save you money.

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The cost of taking a flight in the U.S. is starting to take off because of rising oil prices stemming from the Iran war, which has already sharply boosted the cost of driving a car. A recent analysis of U.S. airline ticket prices by Deutsche Bank analysts found that average domestic airfares for travelers booking flights later this … Read more

Trump eases Russian oil sanctions as Iran war sends prices spiking

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The United States has temporarily lifted sanctions on Russian oil, a boost to the Kremlin as Washington tries to contain energy prices sent soaring by the American-Israeli assault on Iran. President Vladimir Putin’s team welcomed the move to ease penalties that were imposed over Russia’s invasion of Ukraine, and pushed Friday for the U.S. to … Read more