Delta Air Lines, Amazon, the United States Postal Service and others have said they are raising prices because of higher energy costs connected to the war in Iran.
Category: Oil (Petroleum) and Gasoline
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Consumer Spending, Engine of the U.S. Economy, Is Under Strain
Higher fuel costs are raising food and travel prices, while a shaky stock market tamps down free spenders.
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Oil Ticks Higher and Stocks Rise Ahead of U.S. Inflation Report
A temporary cease-fire in the war on Iran faces multiple hurdles and investors are watching the release of U.S. government data on inflation.
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Volkswagen to End E.V. Production at Tennessee Plant
The German carmaker is the latest to scale back plans for electric vehicles in favor of gasoline models.
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Markets Have Faced a Year of Chaos and Still Done Awfully Well
Most stock investors have lost money during the Iran war, but returns have been splendid for the year since the “Liberation Day” tariff announcement.
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Oil Prices Edge Higher as Confidence in Cease-Fire Wavers
Investors were in a more sober mood after sharp moves on the previous day.
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Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal
Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.
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Why Gas Prices Won’t Fall as Quickly as Oil Prices
The energy industry refers to the behavior of gasoline prices as “up like a rocket, down like a feather.”
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Why It Could Take Months for Gas Prices to Fall, Even If the Strait of Hormuz Reopens
Some wells can be turned on in days or weeks, but bringing the Gulf’s energy system back to something akin to normal will take months.