gasoline prices
20 stories related to this topic, newest first.
manilatimes.netU.S. Average Retail Gasoline Prices Fall More Than 3 Cents Overnight
National average prices declined more than three cents per gallon in a single day, the largest one-day drop recorded in roughly 17 and a half years. The data come from the American Automobile Association.
thehindubusinessline.comBill Would Allow 15% Ethanol Blends in Gasoline Year-Round
A proposed bill would permit 15% ethanol blends in gasoline throughout the year. NPR interviewed Bloomberg reporter Elizabeth Elkin about whether the change would reduce pump prices.
MarketWatchU.S. Retail Sales Rise for Third Straight Month in April
Retail sales increased in April, extending a streak of three consecutive monthly gains. Higher gasoline prices contributed significantly to the rise in overall sales figures. MarketWatch reported that the gains were partly driven by inflation effects rather than increased volume…
marketwatch.comCongress Considers Suspending Federal Gas Tax as Prices Rise
President Trump said on Monday he supports suspending the 18.4-cent-per-gallon federal gas tax amid rising prices linked to the closure of the Strait of Hormuz. Senators from both parties have introduced bills to pause the tax for periods ranging from 90 days to October 1. The pr…
nbcnews.comTrump Endorses Suspension of 18-Cent Federal Gas Tax
President Donald Trump said on May 11, 2026, that he intends to suspend the federal gas tax, which stands at 18 cents per gallon. The move would require congressional approval. Energy Secretary Chris Wright voiced administration support for measures to lower pump prices amid pric…
thehindubusinessline.comIran Conflict Complicates Republican Budget Plans Ahead of Midterms
The Iran conflict and related blockade of the Strait of Hormuz are affecting Republican efforts to pass additional budget reconciliation legislation focused on cost-of-living issues. Lawmakers are discussing a second package that could address immigration, defense spending, tax p…
freepressjournal.inSurvey Finds Over 80 Percent of Young U.S. Adults View Economy as Bad or Terrible
A Generation Lab survey conducted in late April found that 84 percent of Americans ages 18-24 and 81 percent of those ages 25-29 rate economic conditions as bad or terrible. The poll results come as foreclosure filings rose 26 percent in the first quarter of 2026 from a year earl…
U.S. Average Gasoline Price Rises to $4.54 per Gallon
The national average price of regular gasoline increased 31 cents over the past week to $4.54, according to AAA. The climb follows Iran's effective closure of the Strait of Hormuz and the U.S. blockade of Iranian ports in April. Oil prices fell below $100 a barrel on Wednesday af…
dailyalert.orgWTI Crude Drops Over 11% to $90 on Reports of U.S.-Iran Preliminary Agreement
ZeroHedge reported WTI futures plunged more than 11 percent following Axios reports of a preliminary U.S.-Iran agreement to end the war. National gasoline averages reached $4.50 per gallon as of Wednesday morning, the highest since July 2022, while the Trump administration seeks…
ForbesEnergy Secretary Wright Says California Energy Policies Threaten National Security
Energy Secretary Chris Wright stated on May 5 that California’s energy policies have created an untenable threat to national security by increasing reliance on imported oil. Average gasoline prices in the state rose above $6 per gallon this week, more than $2 above the national a…
deccanchronicle.comBrent Crude Tops $111 and WTI Exceeds $105 Per Barrel in Morning Trading
Oil prices climbed on May 4 amid escalating tensions in the Strait of Hormuz, where Iran claimed to have forced a U.S. warship to turn back, a claim denied by U.S. Central Command. U.S. gasoline prices reached $4.45 per gallon, up over $1.50 since the Middle East conflict began.…
ibtimes.co.ukU.S. Gasoline Prices Hit $4.23 per Gallon Due to Middle East Supply Issues
The national average price for gasoline in the United States has reached $4.23 per gallon amid rising oil prices. These increases are linked to disruptions in Middle East oil supplies caused by ongoing conflict involving Iran. Higher fuel costs could influence transportation expe…
Steve Morgan / Wikimedia (CC BY-SA 3.0)Phillips 66 and Kinder Morgan Secure Shipper Commitments for Proposed Western Gateway Pipeline
Phillips 66 and Kinder Morgan announced they have obtained sufficient long-term shipper commitments to proceed with the Western Gateway Pipeline project. The pipeline aims to connect Midwest and Gulf Coast fuel supplies to Arizona and California markets. It comes amid refinery cl…
rte.ieUS Retail Sales Rose 1.7% in March Driven by Gasoline Price Surge
US retail sales increased more than expected in March, primarily due to a sharp rise in gasoline prices amid the war with Iran. Tax refunds helped support consumer spending in other areas, though concerns persist about higher fuel costs impacting discretionary purchases. The data…
aoiaio / Wikimedia (CC BY 3.0)Seeking Alpha Comments on Canadian Gasoline Price Shock and Outlook
Seeking Alpha reported on the recent gasoline price shock in Canada, stating it has not been as severe as the post-pandemic period. The report expressed a lack of optimism for the medium-term outlook. This assessment comes amid ongoing inflation discussions in the country.
Substrate placeholder — needs reviewAustralian Gasoline Prices Decline for Third Consecutive Week Following Iran War Disruptions
Gasoline prices in Australia have declined for a third consecutive week. The drop follows government measures that eased pressures from the ongoing war in Iran. This provides some relief to consumers facing higher costs at the pump.
ibtimes.comCar-Shopping Websites See Increased Interest in Electric Vehicles After Rise in Gasoline Prices
Online car-shopping platforms reported a modest increase in interest for electric vehicles in recent weeks following a significant rise in gasoline prices. Data from AAA indicates March saw the largest fuel price shock since the early 2000s. Industry executives noted that higher…
Substrate placeholder — needs reviewGas Station Signs Display Gasoline Prices Amid Iran Conflict Economic Effects
Gas station signs in the United States show gasoline prices prominently, reflecting consumer economy conditions. For several weeks, media have used images of these signs to illustrate economic impacts from the Iran war. The signs provide a visible indicator of market changes for…
Substrate placeholder — needs reviewUS Gasoline Prices Rise Despite Low Reliance on Middle East Oil Imports
Gasoline prices in the United States increased to an average of $4.16 per gallon on April 8 amid the Iran war, despite the country importing only 8% of its oil from the Middle East. The rise occurred due to global oil market dynamics, with crude prices climbing from $67 to $105 p…
Substrate placeholder — needs reviewStrait of Hormuz Disruptions Impact Oil Prices and Energy Production Amid U.S.-Iran Deal
Disruptions in the Strait of Hormuz have driven up oil prices and limited stock market gains. A U.S.-Iran deal has led to falling oil prices, but energy firms hesitate to resume production without confirmed safe passage for ships. Gasoline prices lag behind oil price declines due…