Drivers around the U.S. have seen some modest relief at the pump lately as gasoline prices retreat toward $4 a gallon. But motorists shouldn’t bank on fuel costs returning to where they were just before the Iran war anytime soon, according to experts. Mark Zandi, chief economist at Moody’s Analytics, doesn’t expect gas prices to drop … Read more
With word of the Strait of Hormuz reopening, the stock market soared on Friday. Oil prices dropped about 10%, and as a result, gas prices ticked downward. Kelly O’Grady breaks it all down. #Stocks #soar #oil #prices #plunge #Iran #Strait #Hormuz #open
Airlines are cutting routes this summer as they face rising jet fuel costs amid the Iran war. Air Canada, Delta, and other airlines said Friday that certain routes will be impacted. “The spike in oil prices is big news in general and the impact on jet fuel prices is pronounced,” Stephen Rooney, lead economist at Tourism … Read more
Oil prices plummeted by around 10% on Friday after Iran declared the Strait of Hormuz “completely open” amid a ceasefire between Israel and Lebanon. The West Texas Intermediate, the U.S. benchmark, fell by $10.33, or 10.91%, to $84.36, according to oilprice.com. Brent, the international standard, dropped $8.89, or 8.94%, to $90.05 a barrel. U.S. motorists … Read more
President Trump went to Las Vegas on Thursday to try to change the subject from war to the economy, downplaying rising gas prices. Caitlin Huey-Burns reports. #Trump #change #conversation #war #economy