The cost at the pump made its biggest monthly percentage increase in decades amid lingering tensions over the war in Iran.
Category: Oil (Petroleum) and Gasoline
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A Record Jump in U.S. Gasoline Prices Is Squeezing Consumers
The New York Times – Business: -
The Iran War Has Prompted Some Companies to Raise Prices
The New York Times – Business: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.
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Consumer Spending, Engine of the U.S. Economy, Is Under Strain
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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.