Topic
Energy prices
60 stories related to this topic, newest first.
dallasfed.orgfinance1 hr ago
U.S. Inflation Rate Hits Three-Year High in May
Federal data showed the annual inflation rate reached its highest level in three years during May. Surging oil prices contributed to broader price increases during ongoing Middle East conflict.
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investopedia.comfinance1 day ago
Airline Industry Net Profit Forecast Falls to $23 Billion
The International Air Transport Association projects airline net profit will fall to $23 billion this year from $45 billion in 2025. Higher fuel costs linked to the Iran conflict account for most of the decline.
rediff.comfinance1 day ago
British Airways Chief Executive Says Higher Jet Fuel Prices Will Raise Airfares
British Airways chief executive Sean Doyle stated that sustained high fuel costs will require the airline to increase ticket prices. Jet fuel now costs $1,710 per metric tonne, more than double last year's price. The Strait of Hormuz, which supplies about 40 percent of Europe's j…
equitablegrowth.orgworld3 days ago
U.S. Households Spent $750 More on Average After 100 Days of Iran Conflict
Energy and food prices rose after U.S. and Israeli strikes on Iran began February 28. Average regular gasoline reached $4.22 per gallon on June 6, up from $2.98 before the strikes.
foxnews.comworld3 days ago
U.S. Recreational Boaters Face Higher Fuel Costs Ahead of Summer Season
Gasoline and diesel prices remain elevated compared with last year, prompting some boat owners to shorten trips or alter plans. Industry groups report that most boaters still intend to use their vessels this season.
Washington Examinerpolitics4 days ago
Trump Approval Rating Hits 35% as Gas Prices Fall and Markets Hit Records
The Economist’s polling tracker shows President Trump 25 points underwater, the lowest at this stage since 2009. Gasoline prices eased for a second week while Congress moved to restrict war powers.
Fortunefinance4 days ago
S&P 500 Falls 2.6% as Tech Stocks Drop on Jobs Data
The S&P 500 posted its largest one-day decline since October after technology shares fell and a May jobs report raised expectations the Federal Reserve may keep rates steady or raise them later this year. The Nasdaq composite dropped 4.2% while the Dow Jones Industrial Average de…
realitytea.compolitics4 days ago
President Trump Reports 172,000 Jobs Added in May During Iran Conflict
The president highlighted May employment gains and pledged lower fuel and fertilizer prices within 90 days. He spoke at a farmer roundtable in Chippewa Falls, Wisconsin, while campaigning for Republican midterm candidates.
ibtimes.compolitics4 days ago
Trump Holds Farming Roundtable in Wisconsin, Vows Lower Fertiliser and Fuel Prices Ahead of Midterms
President Trump held a farming roundtable in Chippewa Falls on Friday to support Republican Representative Derrick Van Orden ahead of November midterms. He pledged lower fertiliser and gas prices after the Iran conflict raised input costs.
jpost.comworld4 days ago
Israel-Hezbollah Clashes Continue as U.S.-Iran Ceasefire Talks Stall
Fighting between Israel and Hezbollah continued Friday after Hezbollah rejected a proposed truce. U.S. and Iranian officials reported no progress toward reopening the Strait of Hormuz.
thehindubusinessline.comfinance5 days ago
Indian shares fall after central bank holds rates steady
Benchmark Indian equity indexes declined on Friday after the central bank left its benchmark interest rate unchanged. The move coincided with higher global crude prices and continued foreign investor selling.
nbcnews.compolitics6 days ago
Administration to nominate attorney for top Justice Department post
The administration plans to name a lawyer for attorney general. Senate Republicans have expressed reservations about the choice.
Benzingafinance6 days ago
U.S. Drivers Paid $53 Billion More in Fuel Since Start of Iran Conflict
A Democratic senator stated that U.S. households have spent $53 billion more on gas and diesel since the Iran war started. Treasury officials described the added inflation as a short-term blip. A separate congressional committee put the extra cost at $43 billion.
upi.comfinance7 days ago
Lawmaker Proposes One-Month Pause in U.S. Aid to Israel
A member of Congress said a temporary halt in assistance would produce immediate effects on regional conflict and domestic fuel costs. The statement followed reports of a tense exchange between U.S. and Israeli officials.
thehindu.compolitics8 days ago
Israel-Hezbollah Ceasefire Takes Effect; Trump Says Iran Talks Continue
President Trump reported Monday that Israel and Hezbollah agreed to halt fighting in Lebanon. The assurance came hours after Iran threatened to suspend nuclear talks over Israeli strikes near Beirut.
freepressjournal.inpolitics9 days ago
Oil Prices Rise Above $93 After Israel Advances in Lebanon
Brent crude futures climbed more than 2 percent in early Asian trade on Monday. The increase followed Israeli orders for deeper troop movements into Lebanon despite a six-week-old ceasefire.
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indiatoday.intoday.inbusiness9 days ago
Iran war raises jet fuel costs and cuts flights to Southeast Asia
Elevated fuel prices and route changes linked to the Iran conflict have prompted airlines to cancel flights and increase fares to tourism-dependent countries. Tourism revenue supports millions of jobs and contributes up to 13 percent of GDP in Thailand.
Semaforworld9 days ago
China Manufacturing Activity Slowed in May Amid Higher Oil Prices
Official data showed Chinese factory output declined in May. Rising oil prices linked to the Iran conflict contributed to the slowdown, while exports stayed above last year's levels.
realitytea.compolitics10 days ago
Trump Weighs 60-Day Ceasefire Extension With Iran as U.S. Officials Push to Reopen Strait of Hormuz
President Trump told Fox News his forces spared Iran's ground forces to avoid chaos, while talks continue on extending the three-month-old ceasefire and reopening the Strait of Hormuz.
koreaherald.comfinance10 days ago
South Korea Marks One Year of Lee Jae Myung Presidency
President Lee Jae Myung reaches one year in office this week with the KOSPI at record highs, yet faces external shocks from Middle East tensions and domestic housing concerns.
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upi.comfinance11 days ago
U.S. Stock Indexes Reach Record Highs as Oil Prices Decline
Major U.S. stock indexes closed at new highs on the same day oil prices fell. The S&P 500 extended a nine-week winning streak. Reports linked the moves to developments in Middle East energy markets.
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thestreet.comfinance11 days ago
Kansas City Fed President Says Oil Price Shock Is Not Transitory
Federal Reserve Bank of Kansas City President Jeffrey Schmid stated that elevated baseline inflation makes it difficult for the central bank to look through surging oil prices. He spoke at a conference in Iceland on May 29, 2026.
Benzingaai12 days ago
Nic Carter Says Data Shows No Clear Link Between AI Data Centers and Higher Residential Power Rates
Castle Ventures partner Nic Carter reviewed government and industry reports and found no evidence that AI data centers have driven up residential electricity prices. He noted that states with the most data centers currently have the lowest rates.
Fortunefinance12 days ago
China Export Prices Rose 5 Percent in April
Chinese export prices increased 5 percent in April from a year earlier, the largest gain since April 2023. The rise followed higher oil prices that raised costs for manufacturing inputs.
asiaone.comfinance12 days ago
Central Bank Official Says Policy Response to Energy Costs Will Be Timely and Measured
A central bank official stated that officials will respond to energy price increases to prevent them from becoming ongoing inflation. The remarks addressed how policy actions would be calibrated.
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The Independentfinance12 days ago
U.S. inflation data shows 3.8 percent annual rise in May 2026
The Commerce Department reported that the Personal Consumption Expenditures Price Index rose 3.8 percent from a year earlier. Core PCE, excluding food and energy, increased 3.3 percent over the same period.
Benzingafinance12 days ago
TIPS ETFs Draw Inflows as April Inflation Data Shows Energy Price Rise
Inflation data released this month showed the Federal Reserve's preferred gauge rising to a nearly three-year high. Energy prices contributed to the increase, prompting some investors to add to TIPS funds.
finance.yahoo.comworld12 days ago
Survey Finds One in Four Americans Delaying Car Maintenance Over Gas Prices
A new survey reports that 25 percent of American drivers are postponing vehicle maintenance because of higher fuel costs. The poll also measured related changes in driving habits and spending priorities.
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order-order.compolitics12 days ago
UK Electricity Prices Locked in Through 2040 Under Current Contracts
A University of Oxford economist stated that fixed-price renewable contracts will keep UK electricity costs elevated until at least 2040. The Ofgem price cap rose 13 percent this week, adding £221 annually to average household bills.
rte.iefinance13 days ago
April Consumer Prices Reach Highest Level in Nearly Three Years
A government report released Thursday showed consumer prices rose to their highest level in almost three years. The data arrived during the first month under the new Federal Reserve chief.
news.sky.comfinance13 days ago
Britain's Energy Price Cap to Rise 13 Percent From July 1
The energy price cap will increase 13 percent on July 1, lifting the annual bill for a typical household to £1,862. Gas unit rates are set to rise 24 percent under the new cap.
focustaiwan.twfinance13 days ago
S&P 500 Reaches Record High in May Amid Higher Gasoline Prices
The S&P 500 set a new record on Wednesday after nine record closes in May. The index rose despite higher gasoline prices and lower consumer confidence readings.
thestreet.comworld13 days ago
Swing Voters Report High Gas Prices Affecting Household Budgets
Voters in swing states say rising fuel costs are influencing their personal finances. NPR's Swing Shift project found these voters divided on responsibility for the price increases.
247wallst.comworld14 days ago
Americans Cut Car Use as Fuel Prices Rise
Rising gasoline costs have prompted some drivers to seek alternatives. One reported case involves switching to a battery-powered toy vehicle for short trips.
Bloombergfinance14 days ago
US and Iran Reach Accord
Benchmark oil prices dropped to their lowest levels in more than a month after reports of progress toward ending the US-Iran war. Treasury prices advanced in response to the potential easing of inflationary pressure.
thehindu.compolitics14 days ago
Iran War Updates Include Energy Price Changes and Lebanon Strikes
Energy regulators and companies adjusted price caps amid global supply disruptions. Israeli strikes in Lebanon killed at least 31 people over the past day.
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jpost.comworld14 days ago
Iranian Guard Official Says Renewed U.S. War Unlikely, States Readiness
An Islamic Revolutionary Guard Corps official told Tasnim news agency that renewed war with the United States is unlikely. The same official stated Iran is prepared to repel any attack and would turn its southern coast into a graveyard for aggressors.
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rte.iefinance14 days ago
Sweden Says Russian Economy Contracted 8 Percent From 2020 to 2024
Swedish officials presented data showing Russia's economy shrank while official figures reported growth. The analysis used nighttime luminosity and interest-rate signals to assess inflation and output.
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world15 days ago
Australian Energy Regulator Cuts Default Power Prices Up to 10 Percent
The Australian Energy Regulator lowered the default market offer for households and small businesses in New South Wales, south-east Queensland and South Australia. Benchmark prices will fall between 1.1 and 10.7 percent for households and up to 20.9 percent for small businesses.…
The Independentpolitics15 days ago
Trump Says Wind Power Is Most Expensive Energy Source
President Trump stated that wind energy is the most expensive form of energy and linked UK Prime Minister Keir Starmer's unpopularity to support for wind farms. The Independent reported that offshore wind in the UK averages around £97 per megawatt-hour and onshore wind around £77…
financialpost.comworld15 days ago
Energy Cost Rise Shows No Second-Round Effects in Euro Area
A recent increase in energy prices has not produced measurable follow-on effects across the broader euro-area economy. Officials at the European Central Bank have noted the absence of these secondary impacts so far.
Fox Newspolitics16 days ago
Gas Prices Rise as Conflict Affects Oil Shipments Through Strait of Hormuz
Gasoline prices increased following developments in the Iran conflict. Officials stated the price spike would be temporary. The average price per gallon in the United States remained lower than in France and the United Kingdom.
Semaforworld16 days ago
African Development Bank Opens Annual Meeting in Brazzaville
The African Development Bank began its week-long annual meeting on May 25, 2026, in Brazzaville. The gathering occurs against the backdrop of an Ebola outbreak in central Africa and higher fuel prices linked to the Iran war.
The Independentworld16 days ago
UK Energy Price Cap Expected to Rise £209 from July
Ofgem will announce the new energy price cap for July to September on Wednesday. Forecasts show an increase of £209 for a typical dual fuel household.
New York Postworld16 days ago
California Gas Prices Reach Highest in U.S. at $6 per Gallon
California drivers paid the nation's highest gasoline prices over Memorial Day weekend. State policies and taxes were cited as contributing factors by industry representatives.
Nbc Newsbusiness17 days ago
Higher Fuel Prices Expected for U.S. Summer Travel
Disruptions linked to conflict near the Strait of Hormuz are raising fuel costs for American drivers and airline passengers. NBC News reported that millions of travelers face elevated prices this summer season.
The Guardianpolitics17 days ago
Oil prices near $100 after Strait of Hormuz closure, IEA reports record stock draw
Crude prices have risen about $100 per barrel since Iran closed the Strait of Hormuz three months ago. The International Energy Agency said oil inventories are declining at a record pace, with some analysts warning of critically low levels by June.
rte.ieworld17 days ago
Higher Gas Prices Limit Memorial Day Travel for Some Americans
AAA projects more than 45 million Americans will travel over 50 miles for Memorial Day weekend. Several individuals told ABC News that increased fuel and living costs have restricted their plans and daily activities.
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finance18 days ago
30-Year Mortgage Rate Rises to 6.51 Percent This Week
The average U.S. 30-year fixed mortgage rate increased to 6.51 percent from 6.36 percent, Freddie Mac reported Thursday. The rate remains below the 6.86 percent level recorded one year earlier.
rte.iepolitics18 days ago
U.S. Gasoline Prices Remain Elevated After Iran Conflict
National average gasoline prices reached $4.55 per gallon as of May 22. The increase follows the closure of the Strait of Hormuz during the third month of the U.S.-Iran conflict.
rte.iepolitics18 days ago
Gasoline prices rise ahead of Memorial Day weekend
Average U.S. gasoline prices increased ahead of the Memorial Day holiday. The rise coincides with the traditional start of summer driving season.
Los Angeles Timesbusiness18 days ago
California Governor Advises Drivers to Avoid Chevron Stations
Gov. Gavin Newsom posted on X urging Californians to skip Chevron stations over the holiday weekend. Chevron has posted signs at some stations attributing high prices to state policies.
Benzingafinance18 days ago
Federal Reserve Chairman Sworn In as Inflation Data Shows April Rise
The new Federal Reserve chairman was sworn in Friday. Officials stated a preference for independence while inflation data for April reached 3.8 percent.
japantimes.co.jpworld18 days ago
UK Chancellor Announces Summer Cost of Living Measures
Chancellor Rachel Reeves unveiled a package of temporary measures aimed at easing financial pressures for families during the summer holidays. The steps include reduced VAT on attractions, free bus travel for children, and a delay in fuel duty increases.
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swissinfo.chfinance18 days ago
U.S. Consumer Sentiment Falls to Record Low in May
The University of Michigan index dropped to 44.8, its lowest level on record, as consumers cited rising gasoline prices tied to supply disruptions in the Strait of Hormuz.
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New York Postbusiness19 days ago
U.S. gasoline prices hit $4.55 per gallon
The national average for regular gasoline rose to $4.55 a gallon on Friday, up more than 50 percent since late February. Researchers estimate Americans have paid nearly $45 billion in additional fuel costs since the conflict began.
rediff.compolitics19 days ago
California Governor Urges Drivers to Avoid Chevron Stations Over Gas Prices
The governor's office posted advice on social media directing drivers to unbranded stations for Memorial Day weekend travel. Chevron has placed signs at its stations attributing high prices to state climate policies.
The Independentworld19 days ago
EU Officials Project Higher Oil and Gas Prices Through 2027
European Union officials stated Friday that oil and gas prices are expected to stay above pre-conflict levels at least until the end of 2027. The projections also include higher inflation and slower economic growth for the eurozone.
financialpost.comworld19 days ago
Oil Traders Create Acronym for Strait of Hormuz Outlook
Oil market participants have coined the acronym NACHO to describe expectations that the Strait of Hormuz will remain open. Brent crude prices fell 6 percent during the week despite the outlook.
ansa.itworld19 days ago
UK Consumer Confidence Falls in May as Energy Costs Rise
A survey found that confidence among Britain’s lowest earners dropped sharply in May. Average-income households also reported using savings for daily expenses amid higher energy prices.