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 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 22 Trump touted bigger tax refunds, but higher gas prices are likely to eat them up By Christopher Rugaber, Associated Press The large jump in tax refunds from President Donald Trump’s tax cut legislation was meant to boost the U.S. economy, but surging gas prices are on track to eat them up, leaving Americans with little extra to spend. Continue reading
Mar 13 Key inflation gauge worsened in January, before Iran war lifted gas prices By Christopher Rugaber, Associated Press Prices rose 2.8% in January compared with a year earlier, the Commerce Department said Friday. Continue reading
Mar 12 Trump suggests high oil prices are a positive after bragging about low gas prices last month By Josh Boak, Associated Press The about-face comes as Trump's team has struggled to offer a clear plan for opening up the critical Strait of Hormuz so that tankers full of oil and natural gas are no longer stranded. Continue reading
Mar 12 Should drivers turn to EVs as the war spikes gas prices? Here's what to know By Alexa St. John, Tammy Webber, Associated Press Drivers of gas-powered vehicles are much more vulnerable to fluctuating prices that result from global conflict than those who charge their cars. Continue reading
Mar 11 The Iran war and surging oil prices are affecting consumers. Here's how By Cathy Bussewitz, Mae Anderson, Christopher Rugaber, Associated Press You don't have to drive a car to be affected. Continue reading
Mar 10 Divided on so many things, Americans find unity in frustration at higher gas prices By Hannah Fingerhut, Mike Householder, Michael Schneider, Michael Catalini, Bill Barrow, Associated Press The national average gas price was $3.48 a gallon on Monday, up from $2.90 a month ago, before the war, according to tracking by AAA. Continue reading
Mar 09 Watch 6:23 Oil expert warns of 'nightmare scenario' Iran war could spark By Geoff Bennett, Courtney Norris It was a day of major volatility in global energy markets and a moment of real concern for consumers. Oil prices surged overnight, coming close to $120 a barrel, but by the end of the trading day prices had fallen… Continue watching
Mar 09 Oil prices soar to levels not seen in years as war in Iran intensifies By Alex Veiga, Elaine Kurtenbach, Associated Press Supply concerns have driven crude and gasoline higher prices as the war ensnares major oil-producing countries and hinders exports from the Persian Gulf. Continue reading