Apr 30 Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices By Christopher Rugaber, Associated Press A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve. Continue reading
Apr 21 Retail sales up a sharp 1.7% in March from February driven by a spike in gas prices due to the Iran war By Anne D'Innocenzio, Associated Press Excluding gas prices, the growth was a slim 0.6%, helped in part by government tax refunds and warm weather. Continue reading
Apr 11 Tribally owned gas stations offer cheaper fuel as Iran war drives up prices By Mead Gruver, Associated Press Tribes exempt from state fuel taxes can sell for much less than competing stations nearby. Continue reading
Apr 10 Soaring gas prices leads to biggest monthly inflation spike in four years in March By Christopher Rugaber, Associated Press It’s the first read on inflation to capture the effects of the Iran war. Continue reading
Apr 02 With Iran war address, Trump urges increasingly skeptical electorate to give him a bit more time By Aamer Madhani, Associated Press President Donald Trump finds himself not only negotiating with an enemy that refuses to throw in the towel but also dealing with an American tolerance for a conflict that's being stretched. Continue reading
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 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 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