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Fuel Prices Could Keep Rising for Months After Hormuz Reopens, US EIA Says

Energy Topics & Technology, Gasoline, Latest, US News / By

(Reuters) – Fuel prices could keep rising for months even after the Strait of Hormuz reopens, the U.S. Energy Information Administration said on Tuesday, deviating from President Donald Trump’s assurances that consumers will see immediate relief when he ends the war with Iran. The U.S.-Israeli war with Iran, now in its second month, has sent …

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Trump Speech Unleashes More Pain on US Consumers With $5 Gasoline, Record Diesel in Sight

Diesel Fuel, Energy Topics & Technology, Gasoline, Latest, US News / By

(Reuters) – U.S. President Donald Trump’s address to the nation on Wednesday, in which he vowed more aggressive strikes on Iran, has put consumers on course for record fuel prices at the pumps just ahead of the country’s peak summer travel season, market experts said. Americans expected Trump’s speech to outline a plan to end …

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FED’S BARKIN: Households, Firms Still See Oil Shock Through a “Short-Term Lens”

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

Summary Barkin sees no major shift yet in consumer spending or inflation expectations Fed officials remain cautious, awaiting clarity on oil price impact before policy changes Retailers face consumer pushback on prices, while service firms retain more pricing power (Reuters) – Businesses continue to act as if high oil prices will prove only a short-term …

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US Pump Prices Hit $4 a Gallon as Iran War Wreaks Havoc on Global Energy Supply

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

  Summary Gasoline prices rise due to Iran conflict and Strait of Hormuz closure High fuel costs impact US households and Trump’s political standing Analysts expect crisis to be shorter than 2022 Ukraine conflict NEW YORK, March 30 (Reuters) – The U.S. national average retail ​price of gasoline crossed $4 a gallon for the first …

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Why $100 Oil Won’t Break the American Consumer: McGeever

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

(Reuters) – No one likes expensive oil, especially in the U.S., where driving, spending, and energy-intensive economic activity are on such a vast scale. But despite fears to the contrary, the average U.S. consumer has never been better equipped to deal with $100-a-barrel oil. U.S. households are the richest they’ve ever been in nominal terms. …

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Tanker Carrying Fuel Originally Bound for Cuba Diverts to Trinidad, Shipping Data Shows

Energy Topics & Technology, Gasoline, Latest, US News / By

By Marianna Parraga Vessel Sea Horse had loaded a Russia-origin cargo earlier this year US Treasury said a waiver to Russian ​cargoes does not cover sales to Cuba March 20 (Reuters) – A ‌tanker carrying fuel originally bound for Cuba on Friday changed its destination to Trinidad and Tobago, according to LSEG ship-tracking data, a …

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German Minister Eyes Windfall Tax on Oil Firms to Ease High Energy Costs

CDN and International News, Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil / By

(Reuters) – German Finance Minister Lars Klingbeil is examining additional ways to relieve consumers from rising fuel prices due to the Iran war, including introducing a windfall tax on oil companies, his ministry said on Thursday. The money gained from the tax could be used to finance an increase in the commuter allowance, for example, …

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COMMENTARY: Latest Oil Crisis Readies Hammer for Demand Curve

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

By Robert Cyran NEW YORK, March 18 (Reuters Breakingviews) – It took two Middle East oil shocks for the world to really focus on energy efficiency. The result was a multi-decade, steady reduction in the amount required to produce a certain amount of wealth. If the region’s latest crisis persists, it will accelerate the trend …

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US Drivers Face Long-Term Pain at Pump, Analysts Say; Trump Bets They are Wrong

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

  Summary US EIA lifts forecast for average 2026 crude price by 37% EIA’s average gasoline price estimate for 2026 is up 15% US pump price of $3.79/gallon is up from $2.92 a month ago (Reuters) – President Donald Trump and congressional Republicans are betting the oil-price shock sparked by the Iran crisis will be …

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US Gasoline Prices Surpass $3.50 a Gallon at the Pumps as Iran War Rages On

Energy Topics & Technology, Gasoline, Latest, US News / By

The national average retail price of gasoline crossed $3.50 a gallon this week to hit its highest since May 2024, data from price tracking services AAA and GasBuddy showed, as the Israel-U.S. war with Iran stokes supply concerns. Disruptions to Middle Eastern oil exports through the Strait of Hormuz have caused a surge in fuel …

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