Apr 01 Stopgap measures aren't enough to halt rising gas prices in the face of the Iran war By Cathy Bussewitz, Associated Press Hoping to ease some pain for consumers, President Donald Trump and other heads of state have been pulling on various levers, launching more oil on the market in a bid to calm the chaos. Continue reading
Mar 31 Watch 8:18 How the spike in gas prices could ripple through the global economy By William Brangham, Sonia Kopelev, Maea Lenei Buhre The steep rise in gas prices amid the Iran war is the second-largest spike in three decades, and it's hitting Americans' wallets. We hear from people scrambling to fill their tanks and William Brangham discusses how bad a shock this… Continue watching
Mar 31 National average for gas tops $4 a gallon, the highest since 2022 By Wyatte Grantham-Philips, Associated Press According to motor club AAA, the national average for a gallon of regular gasoline is now $4.02 — over a dollar more than before the war began. Continue reading
Mar 31 Trump's Endangered Species Committee exempts oil and gas drilling in the Gulf from rules By Matthew Brown, Associated Press Critics say the move could doom a rare whale species and harm other marine life. Nicknamed the “God Squad” by groups who say it can decide a species’ fate, the committee comprises several Trump administration officials. Continue reading
Mar 30 WATCH: Fed Chair Powell addresses energy price spikes, challenging job market in Harvard conversation By Michael Casey, Associated Press Federal Reserve Chair Jerome Powell said Monday that it is important to closely monitor inflation amid a spike in energy prices from the Iran war. Continue reading
Mar 28 Soaring gas prices and supply chain disruptions drive up costs across the economy By Vidya Mani, The Conversation U.S. consumers, already feeling pain at the gas pump, can expect higher prices and prolonged shortages for goods of all sorts, including food, as additional consequences of slowed oil production. Continue reading
Mar 27 'The planting season is now,' but war in Iran has sparked a global fertilizer shortage By Aniruddha Ghosal, Allan Olingo, Associated Press The fertilizer shortage is putting the livelihood of farmers in developing countries — already troubled by rising temperatures and erratic weather systems — further at risk, and could lead to people everywhere paying more for food. Continue reading
Mar 25 EPA approves sale of a higher-ethanol fuel to try to lower gas prices By Melina Walling, Associated Press The Environmental Protection Agency has announced it would allow gas stations to continue selling slightly cheaper E15 this summer in a move that may be good for drivers and corn growers but will likely contribute to air pollution. Continue reading
Mar 24 Epic Games lays off more than 1,000 employees as Fortnite engagement slows By Barbara Ortutay, Associated Press The North Carolina-based video game publisher said in a memo to employees that the job cuts are not related to artificial intelligence. Rather, they stem from industry-wide challenges such as slower growth, weaker spending and tougher cost economics. Continue reading
Mar 24 Watch 7:05 Chicago Fed president breaks down economic risks of Iran war By Geoff Bennett, Karina Cuevas Oil prices are hovering near $100 a barrel and it's raising new questions for the Federal Reserve as it tries to navigate between high inflation and a cooling job market. Chair Jerome Powell said last week the central bank is… Continue watching