Mar 03 The U.S. economy is already unsteady. A war in Iran could add to that uncertainty By Christopher Rugaber, Associated Press A longer war that pushed oil past $100 a barrel for an extended period would likely boost inflation, at least temporarily. Continue reading
Mar 03 Live Updates: Trump says Iran war could last weeks By Associated Press As the war in the Middle East intensifies, President Donald Trump said the U.S. has “the capability to go far longer" than its projected four-to-five-week time frame for its military operations against Iran. Continue reading
Mar 02 Watch 7:17 How the war in Iran is impacting global energy markets By William Brangham, Jackson Hudgins Oil and gas prices spiked on Monday as the Iran conflict escalated and shipping was disrupted in the Strait of Hormuz. About 20% of the world’s oil and liquefied natural gas flows through the strait every day, making it one… Continue watching
Feb 13 Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool By Christopher Rugaber, Associated Press Friday's report suggests inflation could be cooling, but it comes after the cost of food, gas, and apartment rents have soared since the pandemic. Continue reading
Dec 23 U.S. drivers are seeing lower gas prices this holiday season, according to AAA By Wyatte Grantham-Philips, Associated Press The national average for unleaded gasoline has stayed below the $3 mark since Dec. 2, falling to its lowest level of about $2.85 a gallon on Monday. Continue reading
Apr 10 Before Trump ramped up tariff threats, inflation was cooling By Christopher Rugaber, Associated Press Consumer prices rose just 2.4 percent in March from a year earlier, the Labor Department said Thursday. Economists warned that the data is mostly backward-looking and likely to be overtaken by the impact of the tariffs that President Donald Trump… Continue reading
May 21 Biden administration releasing 1 million barrels of gasoline from reserve in bid to lower prices By Matthew Daly, Associated Press Energy Secretary Jennifer Granholm says the move is intended lower costs for American families and consumers in time for the summer driving season. Continue reading
Jan 24 Americans' economic outlook brightens as inflation slows and wages outpace prices By Christopher Rugaber, Associated Press After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden's political fortunes. Continue reading
Dec 28 Watch 7:14 How U.S. oil production reached an all-time high in 2023 By William Brangham, Shoshana Dubnow As the year comes to a close, gas prices in the U.S are at their lowest point of 2023. And not coincidentally, domestic oil production is at a record level. But it comes at a time when the U.S. is… Continue watching
Dec 18 BP joins list of companies halting Red Sea shipments due to Houthi attack fears By Courtney Bonnell, Associated Press Houthi rebels have targeted container ships and oil tankers passing through a narrow waterway that connects to the Red Sea and Suez Canal, where an estimated 10% of the world’s trade passes through. Continue reading