Lilia Luciano traveled to Chevron’s largest oil refinery on the Mississippi coast and spoke to Andy Walz, a president of the company, about what people at home can do to avoid high gas prices. #Chevron #executive #consumers #quotshould #drive #lessquot #save #money #gas
Global energy prices remain elevated, and Americans continue to feel the pain of paying at the pump amid ongoing tensions in the Middle East. The latest CPI data showed a 21.2% month-over-month increase in gasoline prices in March — the largest monthly increase since the CPI was first published in 1967. The national average price … Read more
Inflation rose by 3.3% in March compared to one year ago, the Labor Department reported Friday, the highest such increase since May 2024. That rise was driven by a 21% spike in gas prices in March from the previous month. Jo Ling Kent has details. #Inflation #rises #highest #mark #years #fueled #Iran #war
Reports that Iran is planning to charge ships a toll to traverse the Strait of Hormuz are raising concerns about the potential economic impact on oil and fuel prices. Iran’s Islamic Revolutionary Guard Corps “has imposed a de facto ‘toll booth’ regime in the Strait of Hormuz, requiring vessels to submit full documentation, obtain clearance codes and accept … Read more
Only about a dozen ships passed through the Strait of Hormuz in the first two days of the ceasefire agreement between the United States and Iran, far below the normal traffic level before the war, marine transit data shows. As part of the agreement, which President Trump announced late Tuesday, Iran would allow vessels to … Read more
How Middle East tensions impact prices in U.S. – CBS News Watch CBS News Kelly O’Grady breaks down why the prices Americans pay in the U.S. often depend on what is happening in the Middle East. #Middle #East #tensions #impact #prices #U.S
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. After years as stock market heavyweights, Big Tech shares are looking a lot like an early Rocky Balboa: beaten up and on the ropes. The beat-down has been such that even members of the Magnificent … Read more
Wall Street appeared optimistic on Wednesday about the ceasefire with Iran, but the situation is delicate. Kelly O’Grady has more. #Stocks #oil #prices #ceasefire #news