Gas prices are surging across the U.S., with motorists paying about 20% more per gallon than before the start of the U.S. war with Iran. Experts say one option that could help tame prices at the pump is tapping the Strategic Petroleum Reserve, the nation’s emergency oil stockpile designed to cushion supply shocks. The average price per … Read more
Markets enter a critical week following last week’s February jobs report that showed the U.S. economy lost around 92,000 jobs, which was a dramatic miss that has intensified recession concerns and raised questions about economic resilience amid escalating geopolitical tensions. The unexpected job losses create a challenging backdrop for Wednesday’s all-important February CPI report at … Read more
Gasoline prices in the U.S. continued climbing on Monday after the U.S.-Israeli war with Iran pushed oil prices above $100 per barrel, the highest since 2022. The average national cost of gas is now $3.48 per gallon, up 48 cents since last week and 58 cents from a month ago, according to data from AAA. That remains … Read more
The S&P 500 Index ($SPX) (SPY) on Friday closed down -1.33%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.95%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.51%. March E-mini S&P futures (ESH26) fell -1.39%, and March E-mini Nasdaq futures (NQH26) fell -1.58%. Stock indexes fell sharply on Friday, with the Dow Jones Industrial Average posting … Read more
Oil prices surge amid war in Iran – CBS News Watch CBS News Jill Schlesinger joins “CBS Saturday Morning” to discuss how the war against Iran is impacting the price of oil and gas. She also breaks down the February jobs report. #Oil #prices #surge #war #Iran
(By Oil & Gas 360) – China continues to deepen its energy ties with both Iran and Latin America, strengthening supply chains while expanding its economic influence across key resource regions. China’s strategic energy play with Iran and Latin America in focus: Oil & Gas 360- oil and gas 360 In Iran, Beijing’s engagement centers … Read more
U.S. oil prices continue to spike amid the ongoing war with Iran. On Thursday, the Dow tumbled almost 800 points, pushing it into negative territory for the year. CBS News business analyst Jill Schlesinger breaks down what to know. #oil #prices #rise #Iran #war
Stocks tumbled Thursday, with the Dow Jones Industrial Average shedding almost 800 points as oil prices jumped amid the war with Iran. Higher energy prices are sparking concerns on Wall Street that they could reignite U.S. inflation. The Dow tumbled 785 points, or 1.6%, on Thursday, after briefly dropping more than 1,000 points. The broad-based … Read more
Mortgage rates are edging up on Thursday amid renewed inflation fears tied to the war in Iran. The average national rate for a 30-year fixed-rate mortgage rose to 6%, up modestly from 5.98% last week, the lowest since September 2022, according to new data from Freddie Mac. Home loan costs remain far lower than a year ago, when … Read more
The Iran war continues to push up prices at the pump, with U.S. consumers now paying about 26 cents more per gallon to fuel their cars than a week ago, according to new data from GasBuddy. As of Thursday morning, the average gasoline price was $3.246 per gallon, the highest level since April 2025. The … Read more