Gas Prices

President Donald Trump made light of concerns about rising oil prices, saying his priority is ensuring the "evil" Iranian regime doesn't have nuclear weapons.

Energy Secretary Wright says U.S. Navy may soon escort oil tankers through Strait of Hormuz amid Iran conflict, but military assets focused elsewhere for now.

Iran warns oil could hit $200 per barrel as U.S.-Israel strikes escalate, potentially triggering the worst energy crisis since 1970s. Gas prices could hit $5.

The United Kingdom Maritime Trade Operations Centre noted a report regarding a cargo ship being struck by a projectile in the Strait of Hormuz.

The Iran war is driving oil shock that may reshape consumer spending patterns as businesses face mounting transportation costs and difficult pricing pressures.

Strait of Hormuz reaches near standstill amid U.S.-Israeli strikes on Iran, forcing global shipping to reroute through Panama Canal as traffic drops.

G7 finance ministers weigh emergency oil reserve release as Middle East tensions send crude soaring above $115, threatening global economic stability.

As American drivers face spiking prices at the pump, President Donald Trump asserted that increased oil prices are a "small price to pay" to achieve peace.

Rising tensions with Iran are rippling through global oil markets, sending crude prices sharply higher and pushing U.S. gas prices up at the pump.

Interior Secretary Doug Burgum says the U.S.-Venezuela energy partnership is moving at "Trump speed" toward a "golden age of abundance" as American companies show interest.

Refinery closures including Valero's Benicia facility leave California with six operating refineries, driving gas prices to the highest in nation at $4.58 per gallon.

Plenty of good economic news this week, with an outsize gain in jobs, especially private sector jobs. And a much lower-than-expected report on consumer prices

California fuel market reaches "breaking point" as refinery closures shrink capacity, leaving drivers facing higher prices and volatility at pumps.

President Donald Trump is reportedly considering a state fuel tax cap, a policy he says would ease the high prices at the pump for California fuel consumers.

Major U.S. oil companies will invest $100 billion to rebuild Venezuela's energy sector after Maduro's capture, Trump announced at a White House meeting.

Economists take note: Mr. Trump knows the economy better than you do

Oil and gasoline prices could rise slightly due to Venezuelan export losses and geopolitical uncertainty, though pump prices remain at COVID-19 lows.

Oil and gas prices are set to drop by 2026, with Brent crude falling to $55 per barrel and retail gas reaching $3 per gallon, according to new EIA projections.

Holiday travel gets cheaper as gas prices drop to $2.79 per gallon this Christmas, saving Americans over $500 million during the holiday season.

Gas prices drop to cheapest December levels since 2020 as holiday travel surges. National average falls to $2.89 per gallon despite record demand.