The average price of gasoline in the U.S. has topped $4 a gallon, a multiyear high, as war in the Middle East roils the oil market and slams drivers.
Category: Oil (Petroleum) and Gasoline
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The Trump Effect at the Pump as Gas Hits $4 a Gallon
The New York Times – Business: -
Oil and Gas Prices Continue to Rise in Choppy Trade
The New York Times – Business:Investors weighed the news that the owner of a Kuwaiti tanker loaded with oil said it had been hit in an Iranian attack near Dubai.
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Fresh Food Distributors Add Surcharges as Fuel Costs Rise
The New York Times – Business:Delivering salmon, fruits and other perishable foods has become more expensive as the war with Iran pushes up diesel prices.
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U.S. Gas Prices Hit $4 a Gallon on Average
The New York Times – Business:A month since the first U.S.-Israeli attacks and Iran’s response effectively shut off Persian Gulf oil, drivers are paying significantly more to fill up.
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Iran War’s Latest Economic Toll: Oil at $115 a Barrel
The New York Times – Business:Economists and investors are increasingly pricing in a slowdown, or even a global recession, if the fighting drags on.
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Oil Jumps to $116 a Barrel on Signs of Escalation of Middle East War
The New York Times – Business:Investors digested increasing signs of escalation of the U.S.-Israeli war in Iran, which has led to a blockage of critical energy supplies.
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Why the Iran War May Force Countries to Rely Less on Natural Gas
The New York Times – Business:The U.S. and other exporters are poised for a windfall, but disruptions to Persian Gulf supplies are also pushing gas-buying countries to consider alternatives like coal, solar and nuclear energy.
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As Stocks Keep Falling, Investors Are Losing Patience With the War in Iran
The New York Times – Business:The S&P 500 is on course for its fifth straight week of losses and its worst weekly losing streak in roughly four years.
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Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists
The New York Times – Business:Fertilizer prices are climbing as a result of disruptions in the Middle East, putting global food supplies at risk.
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Spiking Diesel Prices Mean Everything Will Get More Expensive
The New York Times – Business:Diesel has climbed faster than gasoline this month, directly hitting businesses, from brewers to trucking companies. Those higher costs are likely to make their way into consumer prices.
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How the Iran War Is Costing the Economy Its Buffers
The New York Times – Business:As the U.S.-Israeli campaign enters a second month, analysts see a growing toll. One forecast predicts oil hitting $200 a barrel.