Despite the ceasefire with Iran, gas prices in the U.S. remain high. The national average is $4.17 per gallon, according to AAA. Kelly O’Grady explains what to expect. #Iran #ceasefire #hasn039t #lowered #gas #prices #long #stay #elevated
Although an eleventh-hour truce between the U.S. and Iran immediately eased tensions between the warring countries, it could take some time for Americans to see relief from the soaring fuel costs that have pushed gasoline prices to their highest level in years, energy experts and economists said. Patrick De Haan, a petroleum expert at GasBuddy, … Read more
As consumers cope with lingering cost-of-living pressures and the potential impact of tariffs, CBS News is tracking the change in prices of everyday household expenses — from food to utilities and rent. Use the tool below to explore price changes in dozens of items across different categories. About the data The categories in this tracker … Read more
Gasoline prices in the U.S., which have risen $1.16 a gallon since the start of the Iran war in February, could top $5 a gallon as soon as later this month if the Strait of Hormuz remains closed through mid-April, according to J.P. Morgan energy analysts. Higher prices at the pump could also consume “much or all” of … Read more
More US households anticipate they’ll be financially worse off in the year ahead as gas and food prices creep higher, according to the New York Federal Reserve’s March survey of consumer expectations. Across the board, consumers’ feelings soured last month as the US-Israel war on Iran began to rip through the global economy and sent … Read more
The Iran war will continue to disrupt global oil supplies even if a ceasefire in the region leads to a swift reopening of the Strait of Hormuz, according to a new analysis. Henning Gloystein, managing director of energy, industry and resources at geopolitical risk consultancy Eurasia Group, said it would take several months to … Read more