European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.
Category: Prices (Fares, Fees and Rates)
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Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes
The New York Times – Business: -
Crop Undercount Raises Questions About Reliability of U.S.D.A. Data
The New York Times – Business:Corn estimates were off by 4.5 million acres last year. A lack of survey responses, not job cuts, led to the miss, the Agriculture Department said.
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U.S. Economy Grew 2 Percent in Early 2026 Even as War in Iran Began to Hit Energy Prices
The New York Times – Business:Gross domestic product expanded at a 2 percent annual rate in the first three months of the year, a period including first weeks of conflict in the Middle East.
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Behind Powell’s High-Stakes Decision to Stay at the Fed
The New York Times – Business:Jerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank’s independence.
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Oil Prices Soar as Iran Standoff Shows No End in Sight
The New York Times – Business:Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran’s ports would persist.
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Rising Fuel Prices Could Force Excruciating Choices on Economic Policies
The New York Times – Business:The European Central Bank and Bank of England were expected to hold interest rates steady on Thursday while searching for signs of possible longer-term damage.
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Ford Reports Higher Profit Thanks Partly to Tariff Refund
The New York Times – Business:Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
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United Airlines CEO, Rebuffed by American, Says He’s Skeptical of Other Deals
The New York Times – Business:The chief executive, Scott Kirby, said that buying a smaller airline might not be worth the effort.
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U.S. Gas Prices Climb Further as Effects of War Reverberate
The New York Times – Business:The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.
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Loss of Emirates Further Weakens OPEC’s Influence
The New York Times – Business:The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
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Starbucks Reports Strong Store Traffic and Rise in Quarterly Sales
The New York Times – Business:The chain’s chief executive credited its turnaround plan for improved U.S. same-store sales, but said higher gas and utility costs were a concern.
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What Is OPEC, and How Does the Oil Cartel Influence Petroleum Prices?
The New York Times – Business:The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members have influenced energy markets through the years.