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US gasoline futures held above $3.50 a gallon, its highest level since May 21st, following President Trump's remarks at the UN on the conflict with Iran. The US President stated that a deal with Iran could be reached with Tehran after the US midterm elections. Earlier in the session, Iran had proposed reopening shippin
Main US indexes mixed; Nasdaq, S&P 500 up slightly, Dow slips Tech leads S&P 500 sector gainers; materials weakest group Dollar ~flat, gold up ~1%, US crude falls >2%; bitcoin rallies ~6% US 10-year Treasury yield rises to ~5.0% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
Gasoline increased to 3.37 per gallon, the highest since July 2026. It rose 7.1% over the past four weeks and gained 70.57% over the past 12 months.
Casey's General Stores reported first-quarter diluted EPS of $7.37, up 28% year over year, net income of $274 million and revenue of $5.68 billion, up 24.3%. EBITDA rose 17% to $485 million.
The United States Oil Fund rose 1.2% to $143.69 after diesel prices hit a Labor Day record national average of $5.87, with expectations for further gains as the Iran war continues.
Gasoline increases to $3.36 per gallon, the highest since July 2026, after falling 1.68% over the past four weeks and rising 55.6% over the last 12 months.
The July consumer price index rose 0.1% month-over-month and 3.4% year-over-year