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US gasoline futures fell below $3.50 a gallon after touching $3.53, its highest level since May 20th, as improving flows through the Strait of Hormuz and renewed diplomatic prospects eased immediate supply concerns. Fears over prolonged disruptions to Saudi Arabia's East-West pipeline also abated following reports the
Gov. Gavin Newsom (D) has announced that California will clear regulatory hurdles to allow retailers to sell E15 gasoline to combat high fuel costs amid rising tensions between Washington and Tehran. Trump’s Disastrous War in Iran In a post on X on Sunday, Newsom criticized President Donald Trump. “With Trump’s disastr
Middle East crude benchmarks Oman and Dubai extended their decline on Monday, sliding toward premiums of $20 a barrel. This comes as traders eyed a partial recovery in shipments from Saudi Arabia and stronger than usual flows through the Strait of Hormuz.
The U.S. 10-year Treasury yield broke above 5% on Tuesday, and crude oil stormed past $105 a barrel, a combination that left every major U.S. equity index in the red at midday. President Donald Trump said on Truth Social that “the world’s diesel price rise is mostly caused by the Russia/Ukraine War, not Iran.” West Tex
examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks ended the week lower despite a Friday rebound, as surging oil prices, rising Treasury yields and growing expectations for a Federal Reserve rate hike pressured equities. The S&P 500 fell
WTI Crude Oil futures pull back after an eight-session rally, dropping roughly 2.5% to trade near the $100 mark. The selling pressure follows news of potential negotiations among Middle East nations regarding shipping in the Strait of Hormuz, which has helped ease short-term supply concerns. Despite the daily decline,
U.S. annual inflation was unchanged at 3.4% in August, matching expectations, while core inflation eased to 2.4% year over year. The monthly CPI rose 0.4%, with gasoline the biggest driver.
US gasoline futures eased to around $3.35 a gallon after topping $3.45 earlier in the session, while remaining elevated.
US gasoline futures rose to around $3.35 a gallon, the highest level since late July. Tehran stated it would continue counterstrikes if attacks from the US military persist, while Saudi crude output in August plunged to its lowest since 1990.
August producer prices rose 5.4% year over year, above the 5.3% consensus, and the monthly rate accelerated to 0.4% from 0.1% in July. Gold, precious metals miners and freight names fell after the report, with spot gold near $4,342 an ounce and the 10-year Treasury yield at 4.90%.
President Donald Trump said oil prices will fall "precipitously" once the U.S. wins its war with Iran, saying gasoline could drop to $3 a gallon and then below $2.
Energy Secretary Chris Wright said U.S. gasoline prices are "more likely to go down than go up" despite record Labor Day fuel costs, citing futures, seasonal demand and regulatory changes.
Crude oil and ULSD futures were lower Friday morning, while gasoline futures rose ahead of the long Labor Day holiday weekend. Despite declines, crude contracts were on track for weekly gains.
US gasoline futures fell to around $3.26 per gallon, trimming prior-session gains. EIA data showed inventories dropped 2.536 million barrels in the week ending August 21, leaving stocks 6% below the five-year average.
US Q2 core PCE price index increased by +3.6%, according to TradingView News.
U.S. stock futures were mixed early Wednesday as traders awaited Nvidia’s earnings report, July PCE inflation data and other releases, while developments around the Strait of Hormuz continued to sway risk sentiment.
US gasoline futures fell below $3.30 per gallon, tracking lower benchmark crude prices, while markets await Washington’s announcement of new sanctions on Iran.
The Bureau of Labor Statistics reports U.S. PPI was unchanged in July, with annual producer inflation easing to 4.7% from 5.5% and core PPI rising 0.2% month over month.
The US Consumer Price Index rose 3.4% year-over-year in July, down from June's 3.5% increase
As the U.S. and Iran pause hostilities after weeks of continuous strikes, oil prices in the global markets fell sharply. However, gas prices could remain elevated at the pump despite the decline in crude oil prices. Refining Remains ‘Limiting Factor’ On Monday, GasBuddy analyst Patrick De Haan posted on the social medi
Fresh military strikes in the Middle East have shattered a fragile ceasefire, sending crude oil prices surging and guaranteeing an immediate spike in fuel costs. This rapid increase, contrasted with sluggish price drops during periods of relief, is driven by a “hidden pattern” that economists have long tracked. The Roc
WTI Crude Oil futures retreated as indirect talks between the U.S. and Iran in Doha indicated positive diplomatic progress. Meanwhile, tanker traffic through the Strait of Hormuz is recovering following last week's strikes, though volumes remain below pre-war levels as the market awaits a more durable resolution. The l
Chevron CFO Eimear Bonner says the company is doing everything it can to lower gas prices as the situation in the Middle East stabilizes
Iran's IRGC warns ships to use designated Hormuz passage only, threatening action on unauthorized transit
August WTI Crude Oil futures fell over 4.67% as tensions eased following the U.S. and Iran peace deal
President Trump demands a federal investigation into why retail gas prices aren't plummeting as rapidly as crude oil costs
Brent crude futures fall to lowest level since February 27 as concerns over shipping disruptions ease
Brent crude futures fall to lowest level since February 27 as concerns over shipping disruptions ease
Brent crude falls to its lowest level since the day before the U.S.-Iran war as concerns over shipping disruptions ease
Oil prices fell as concerns over disruptions to shipping through the Strait of Hormuz eased and Trump accused oil firms of 'gouging' consumers