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
Mar 24 Chances of Fed cutting interest rates fade as inflation worsens By Christopher Rugaber, Associated Press With inflation measures likely to rise in the coming months, the prospect of interest rate cuts this year by the Federal Reserve is fading. Continue reading
Mar 23 EU says Mercosur free trade deal will start May 1, accounting for 25% of global GDP By Sam McNeil, Associated Press A landmark free trade deal between the European Union and four South American countries will begin on May 1 after more than a quarter-century of negotiations and new global economic uncertainty unleashed by tariffs, critical mineral controls and the war… Continue reading