gas prices
48 stories related to this topic, newest first.
Los Angeles TimesNewsom Urges Californians to Avoid Chevron Stations Over Holiday Weekend
California Gov. Gavin Newsom's office posted on X advising drivers to skip Chevron stations during Memorial Day weekend, citing higher prices than unbranded alternatives. Chevron attributes elevated costs to state policies and taxes.
nypost.comCalifornia Governor’s Office Urges Drivers to Skip Chevron Stations Over Memorial Day Weekend
Newsom’s office posted that unbranded gasoline meets the same standards and costs 60 to 80 cents less per gallon than Chevron fuel. Chevron and an oil industry group responded by blaming state policies for high prices and questioning the governor’s travel habits.
nypost.comCalifornia Governor Advises Drivers to Avoid Chevron Stations Over Memorial Day Weekend
The California governor's office posted guidance for drivers to avoid Chevron-branded gas stations during the holiday weekend. The post highlighted price differences between branded and unbranded fuel.
rte.ieU.S. Retail Sales Remain Resilient Despite Higher Inflation and Gas Prices
Consumer spending continues to support the U.S. economy even as inflation reached 3.8 percent in April and households face higher fuel costs. Retailers including Walmart reported strong sales growth while polls show many Americans feel financial stress.
Washington ExaminerNational Average Gasoline Price Reaches $4.56 per Gallon
Every U.S. state now reports average regular gasoline prices above $4 per gallon. AAA data released Wednesday showed the national average at $4.56, with seven states above $5 and California above $6.
cnbc.comU.S. Energy Secretary Says High Gas Prices Are a Cost Everyone Pays
U.S. Energy Secretary Wright stated that elevated gasoline prices represent a necessary burden for consumers and affirmed that fuel supplies will remain stable.
cnbc.comEnergy Secretary Testifies Before Senate Panel on Nuclear Security and Defense Authorization
The Energy Secretary appeared before the Senate Armed Services Committee on May 13, 2026, to discuss the U.S. atomic energy defense and nuclear security program ahead of the 2027 Defense Authorization Request. The hearing began at 9:30 a.m. as gas prices have risen amid the war w…
Average New Vehicle Listing Price Hits $50,400 in April as Used-Car Prices Reach Highest Level Since Mid-2023
CarGurus data shows average new vehicle listing prices rose 1 percent from a year earlier while used car prices reached nearly $30,000. Gas prices have surged from $2.98 per gallon in late February to $4.52, boosting shopper interest in hybrids and EVs. Moody's analysis indicates…
benzinga.comRocket Lab Shares Surge 14 Percent as Backlog Hits Record $2.2 Billion
Rocket Lab stock rose for a second straight day Monday, climbing 14 percent to a new all-time high after the company reported strong first-quarter results and a surge in launch contracts. The firm added 31 Electron and HASTE missions in the quarter, the most ever signed, pushing…
rediff.comTrump Approval Rating Steady at 36% in Reuters/Ipsos Poll
President Donald Trump’s approval rating stood at 36% in polling conducted May 8-11, 2026, with 63% disapproving. Multiple surveys show disapproval ratings between 55% and 62% amid widespread criticism of his handling of the war with Iran and rising gasoline costs.
al-monitor.comTrump Rejects Iran Ceasefire Proposal
President Trump told reporters Monday the U.S.-Iran ceasefire is on "massive life support" after dismissing Tehran's counteroffer on nuclear talks as "a piece of garbage." He voiced support for temporarily suspending the federal gas tax amid fuel prices that have climbed above $4…
The HillEnergy Secretary Wright Declines to Predict Gas Prices as National Average Hits Record High
Energy Secretary Chris Wright said he cannot make predictions about oil or gasoline prices during a Sunday interview. The average cost of gas has reached its highest point amid the war in Iran. Wright stated the U.S. remains in a tremendous position despite the rise.
theconservativetreehouse.comTrump Administration Considers Suspending Federal Gas Tax
Energy Secretary Chris Wright said the administration is open to all ideas to ease high gasoline prices, including a suspension of the 18.3-cent-per-gallon federal tax. Average U.S. gas prices reached $4.52 per gallon as the 10-week conflict with Iran has throttled traffic throug…
abcnews.go.comPoll Finds Half of Americans Expect Higher Gas Prices Over Next Year
An ABC News/Washington Post/Ipsos poll released last week found that 50% of Americans expect gas prices to rise further in the coming year. Four in 10 respondents said they are not as well off financially as when the current administration took office in January 2025, with nearly…
benzinga.comShake Shack, McDonald's, Domino's and Papa John's Report Positive but Slower Quarterly Sales Growth
Shake Shack joined McDonald's, Domino's and Papa John's in reporting weaker quarterly sales growth. The slowdown signals pressure on customer spending from rising gas prices driven by the Iran war. Reuters reported the development on May 7, 2026.
New York PostGas Prices Rise After Iran Conflict Disrupts Oil Markets
Higher gasoline prices stemming from the Iran conflict are forcing lower-income households to drive less and allocate more of their budgets to transportation. Fast-food chains including McDonald's reported strong earnings but warned of potential pressure on future profits from re…
usatoday.comDoorDash to Spend Over $50 Million on Gas Price Relief for Drivers
DoorDash said it expects to spend more than $50 million in the second quarter to provide gas price relief for its delivery drivers. The company announced the plan on Wednesday as fuel costs remain a factor for independent contractors using personal vehicles. The expenditure cover…
rte.ieEquinor Posts Q1 2026 Profits Above Expectations Driven by High Oil and Gas Prices
Equinor announced profits exceeding expectations for the first quarter of 2026. The results were driven by higher oil and gas prices linked to the Iran war. @business reported the details in its coverage of energy sector earnings.
abcnews.go.comOil Tanker Arrives in Long Beach as Three Refineries Shut Down
The last oil tanker from the Middle East arrived in Long Beach on Monday amid California's ongoing oil supply challenges. President Trump signed an executive order to restart a Santa Barbara pipeline, prompting a state lawsuit and court injunction. Gas prices in the state average…
Nbc NewsU.S. Gas Prices Rise to $4.46 per Gallon Amid Oil Futures Increase
The national average price of gas increased to $4.46 per gallon as oil futures rose following a decline. This follows a 49% rise since the Iran war began in late February. Analysts noted higher costs for consumers, with potential for further increases if disruptions continue.
insideevs.comUsed EV Sales Rise 28% in March 2026, Coinciding with Higher Gas Prices
Demand for used electric vehicles surged in the U.S. amid rising gas prices linked to the U.S.-Israel and Iran war. Sales increased nearly 28% in March 2026, with prices dropping 6.1% year-over-year. Over 44% of sales involved models under $25,000, driven by lease returns floodin…
New York PostCalifornia Faces Oil Supply Challenges Amid Iran War and Local Production Phase-Out
California has received its last shipment of Middle Eastern oil since the start of the Iran War, arriving at the Port of Long Beach. The state relies on imports due to policies phasing out local oil production. Gas prices may rise further as a result.
dnaindia.comUS Gas Prices Rise 47%, Q1 Economy Grows 2%
US gasoline prices have risen sharply to $4.30 per gallon since the Iran war began on February 28, marking a 47% increase. The economy expanded at a 2% annual rate in the first quarter of 2026, though inflation accelerated. Gulf states are reassessing security ties, with some dee…
thehindubusinessline.comTrump Hosts Oil Executives to Discuss Production and Blockade Amid Iran Conflict
President Trump hosted oil and gas executives at the White House to discuss the ongoing Iran war and rising energy costs. Topics included maintaining the naval blockade and minimizing impacts on consumers. Gas prices have surged 44% since the war began, hitting levels not seen si…
CnbcWestern Digital Beats Earnings Expectations; Shares Fall 8% After-Hours; Apple Reports Strong Quarterly Results
Western Digital's stock declined after the company exceeded earnings expectations, amid investor caution following a year-long rally. Apple reported its strongest quarterly start on record, driven by iPhone and services demand. Separately, Corn Belt lawmakers proposed year-round…
Substrate placeholder — needs reviewU.S.-Iran Talks Stall Over Nuclear and Strait of Hormuz Issues
Negotiations between the U.S. and Iran hit an impasse over the weekend, driving oil prices higher and boosting U.S. Treasury yields. President Trump discussed Iran's proposal to reopen the Strait of Hormuz but vowed not to lift the blockade until a full deal is reached. Global ma…
Substrate placeholder — needs reviewSpain Advances Renewable Energy Shift One Year After Major Blackout
One year after a widespread blackout affected Spain and parts of Portugal on April 28, 2025, investigations attributed the event to voltage-related governance failures rather than renewable energy sources. Spain increased solar capacity additions in 2025 and has integrated renewa…
Substrate placeholder — needs reviewConsumers Explore Electric Vehicles as Gas Prices Hit $4 per Gallon
Gas prices have reached $4 per gallon in various U.S. regions, prompting some consumers to consider electric vehicles. Key factors include total ownership costs, charging infrastructure, and vehicle range. This interest occurs amid fluctuating energy prices.
slashgear.comU.S. Gas Price Forecasts Rise to Near $4.20
Forecasts for U.S. gas prices have increased to near $4.20, up from about $4.05 in recent periods. This shift follows a steady weekly uptrend that accelerated into April 24, 2026. The change is attributed to supply concerns and geopolitical risks, after initial volatility.
livemint.comTrump Says Higher Gas Prices Expected Due to Iran War
President Donald Trump stated that Americans should expect higher gas prices for a short period due to the ongoing war with Iran. He indicated no rush to reach a peace deal with Tehran and noted that the impact on stocks and oil prices has been less than anticipated. This comes a…
slashgear.comU.S. Gas Prices Stay Above $4/Gallon for Three Weeks, Survey Shows Changes in Consumer Fuel and Shopping Habits
High gasoline prices are prompting U.S. consumers to buy less fuel and trade down on in-store items, according to a Goldman Sachs survey of convenience stores. A separate survey shows similar downtrading among nicotine users. ZeroHedge reported on the analysts' notes highlighting…
slashgear.comRising Gas Prices Unlikely to Yield Major Car Insurance Savings, Insurify Reports
A report from Insurify indicates that even if drivers reduce mileage due to higher gas prices, car insurance savings would be minimal. Gas prices have increased to around $4 per gallon amid conflict in the Middle East and a U.S. military blockade of the Strait of Hormuz. The anal…
Substrate placeholder — needs reviewPoll Shows Potential Republican Messaging on Tax Refunds Amid High Gas Prices
A poll of 1,000 registered voters indicated that many received higher-than-expected tax refunds, potentially offering Republicans a positive economic message ahead of midterms. The survey compared refunds to increased gas costs, with equal shares saying refunds exceeded or fell s…
fastcompany.comOBBBA Tax Refunds Total $75-90 Billion; Gas Prices Rise 40% in Iran Conflict
Wall Street analyses indicate that surging gasoline prices due to the U.S.-Israel strike on Iran and the Strait of Hormuz closure have neutralized much of the consumer boost from the One Big Beautiful Bill's tax refunds. Goldman Sachs and Morgan Stanley project diminished househo…
vancouversun.comU.S. Retail Sales Rise 1.7% in March 2026, Boosted by Gas Prices, Tax Refunds and Weather
U.S. retail sales rose 1.7% in March 2026 from February, largely driven by a 15.5% increase at gas stations amid the ongoing Iran war. Excluding gas, sales grew 0.6%. The report, released on April 21, 2026, reflects the war's impact on consumer spending.
rnz.co.nzBofA Card Spending Data Indicates Stronger Retail Sales Than Consensus Estimates
Data from BofA credit and debit card spending suggests retail sales may exceed consensus estimates despite rising gas prices. The consensus estimates include 1.4% headline growth, 1.4% ex-auto, and 0.2% for the control group. This trend is attributed to higher year-to-date tax re…
middleeasteye.netU.S. Energy Secretary Predicts Gas Prices Above $3 Until 2027 Amid Ongoing Iran Conflict
The U.S. Energy Secretary stated that gas prices may not fall below $3 per gallon until next year due to disruptions from the war with Iran. The president rejected this timeline, saying prices will drop once the conflict ends. Average U.S. gas prices currently stand at $4.04 per…
Substrate placeholder — needs reviewU.S. Consumers Reduce Entertainment Spending Amid War and High Gas Prices
U.S. consumers continue spending despite the U.S.-Iran war and gas prices reaching $4, but data shows a decline in visits to entertainment and dining venues. Industry leaders report impacts on local economies, with some businesses maintaining investment plans. Recent developments…
Substrate placeholder — needs reviewPresident Trump Addresses Gas Prices in Reporter Exchange
In a recent interaction, a reporter questioned President Trump on the duration of high gas prices for Americans. President Trump stated that prices are not very high and have decreased, while noting the stock market's rise. The reporter cited $4 per gallon as the current price.
Substrate placeholder — needs reviewEnergy Share of GDP Has Dropped in Recent Decades, Hassett States
Kevin Hassett, director of the National Economic Council, stated that the energy share of GDP has dropped in recent decades. He added that the global economy's ability to recover quickly from higher gas prices is documented. Hassett acknowledged stress from elevated gas prices.
Substrate placeholder — needs reviewUS Oil & Gas Association Opposes Proposed Tax on Fuel Producers in California
The US Oil & Gas Association has criticized a proposed federal bill to tax fuel producers, stating it would not reduce gas prices in California. The group attributes high gas prices to state taxes and environmental regulations. It urges suspension of state-level taxes to align pr…
Substrate placeholder — needs reviewHigh Gas Prices in B.C. Linked to Increased Interest in Biking and Bike Shares
Gas prices in British Columbia remain among the highest in Canada, potentially driving more residents toward active transportation options. Biking groups in Vancouver state that this trend is boosting demand for bicycle services and programs. A local bike shop reported a 10 per c…
Substrate placeholder — needs reviewGas Prices Decrease in Maritime Provinces for First Time Since Late February
Gas prices in the Maritimes fell on Saturday for the first time since late February. Minimum prices dropped by up to 8.4 cents per litre across Nova Scotia, New Brunswick, and Prince Edward Island. The decline occurs amid stalled shipping in the Strait of Hormuz due to the war in…
Substrate placeholder — needs reviewWall Street Journal Reports Rising Gas Prices Impact US Household Incomes
The Wall Street Journal reported that increasing gasoline prices are reducing Americans' real incomes by offsetting wage gains. The analysis highlights how higher fuel costs affect household budgets amid ongoing economic pressures. This development occurs as energy prices fluctua…
Substrate placeholder — needs reviewMorning Consult Poll Shows 48% of Americans Blame Trump for Rising Gas Prices
A Morning Consult poll indicates that 48% of Americans hold former President Donald Trump responsible for recent increases in gas prices. The survey reflects public perceptions amid ongoing economic pressures. Additional details on the poll's methodology and context are not speci…
Substrate placeholder — needs reviewGas Prices Exceed $4 Per Gallon Nationwide, Prompting Driver Adjustments
Gas prices have surpassed $4 per gallon across the United States, affecting drivers from New York to Los Angeles. Many are reducing driving, canceling trips, and modifying budgets in response. CNBC.com reported these changes based on driver accounts.
Substrate placeholder — needs reviewHigh Gas Prices May Persist Through US Midterm Elections in November 2022
Voters in the United States may face elevated gasoline prices extending into the midterm election period. According to David M. Drucker, this situation could affect Republican candidates. The analysis appears in an opinion piece referenced by @business.
Substrate placeholder — needs reviewUS Lawmakers Consider Regulatory Rollbacks to Address Rising Gas Prices
US lawmakers are examining proposals to roll back energy regulations amid increasing gasoline prices. Experts indicate that such measures may not effectively reduce consumer fuel costs. The discussions occur against a backdrop of economic pressures and ongoing debates over energy…