Category: Oil (Petroleum) and Gasoline

U.S. Inflation Surged in March as Iran War Pushed Up Prices

The New York Times – Business:
Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
Iran War Drives Deeper Oil Shock Than Prices Reveal

The New York Times – Business:
The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.
A Record Jump in U.S. Gasoline Prices Is Squeezing Consumers

The New York Times – Business:
The cost at the pump made its biggest monthly percentage increase in decades amid lingering tensions over the war in Iran.
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.
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.
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.
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.
How the Strait of Hormuz Stifled a Market Rally

The New York Times – Business:
Questions about how freely ships can pass through the waterway have pushed up oil prices and weighed on stocks.
Fed’s Inflation Woes Preceded the War With Iran

The New York Times – Business:
An energy shock stemming from the fighting has added a layer of complexity to the Federal Reserve’s decision-making around interest rates.
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.
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.
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.