Energy
Republicans pivot to emergency gas tax holiday, affordability agenda as soaring prices anger voters
Soaring inflation, rising gasoline prices and crushing housing costs have pressured Republicans in Congress to make an emergency pivot to affordability measures as they face an increasingly dissatisfied electorate that could boot them out of the majority after November.
Travel plaza chain Buc-ee’s expanding to Arizona and Arkansas this year, four more states in 2027
Gas station chain Buc-ee's, based in Texas with locations in 11 other states, is opening its first stores in Arizona and Arkansas this year, and four more states next year.
Prices rose at 3.8% for the year ending in April as energy spikes with Iran war
Consumer prices rose at a yearly rate of 3.8% in April, driven by high fuel costs alongside the conflict in the oil-rich Middle East.
Shipping industry fears fuel shortages as Iran war squeezes bunker fuel supply
Ship operators rely on a sludgelike substance known as bunker fuel to keep vessels running. The Iran war's closure of the Strait of Hormuz has choked off the supply of this fuel that powers the global maritime industry and its largest refueling hub in Asia.
Treasury sanctions Iranian oil sales to China that fund the Tehran regime’s military
The Treasury Department said Monday it is sanctioning 12 persons or entities for their roles in helping Iran's Islamic Revolutionary Guard Corps sell and ship oil to China.
Trump pushes for suspension of federal gas tax during war with Iran
President Trump said Monday he would like to suspend the federal gas tax to alleviate costs during the war with Iran.
Venezuela’s leader to defend her country’s claim over mineral-rich Guyana region before U.N. court
Venezuela's acting President Delcy Rodriguez arrived in the Netherlands on Sunday where she will defend her country's claim to a mineral- and oil-rich region in western Guyana before the United Nations highest court in a dispute that has spanned decades.
Venezuela warns of ‘serious’ environmental impact from alleged oil spill in Trinidad and Tobago
Venezuela says an oil spill that originated in Trinidad and Tobago, two islands just off its coast, had caused serious environmental damage along the coastlines of at least two of its states and in a gulf area near the Caribbean nation.
Energy Secretary Wright ‘can’t predict’ when gas prices will come down amid Iran conflict
Energy Secretary Chris Wright said Sunday he cannot predict when gas prices will go down or whether they may increase further, as negotiations to end the conflict in Iran drag on.
Saudi oil giant Aramco sees Q1 profits rise 25% by shifting exports to its East-West Pipeline
Aramco, the world's largest oil company, reported Sunday that its first-quarter profits jumped 25% over last year, as it increased exports by using a pipeline that avoids shipping through the Strait of Hormuz, which has been disrupted by the Iran war.
Florida Gov. DeSantis signs bill to ensure data centers, not consumers, pay their bills
Florida Gov. Ron DeSantis gave his stamp of approval on a law that aims to tighten regulations on large-scale data centers and prevent consumers from picking up their tabs.
Whirlpool Corp. says Iran war caused ‘recession-level’ collapse in consumer confidence
Whirlpool Corp. blamed a first-quarter revenue drop on a collapse in consumer confidence stemming from the war in Iran, an unusually blunt appraisal of the ripple economic fallout from the conflict that extends beyond oil and gas.
Pakistani Foreign Ministry spokesperson: U.S.-Iran peace deal expected ‘sooner rather than later’
Pakistan said Thursday it expects the U.S. and Iran to strike a deal to end the war "sooner rather than later," as President Trump threatens further military action if Washington's demands are not accepted.
Why gasoline costs 52% more in the U.S. than it did before the Iran war
The price of a gallon of regular gasoline in the U.S. climbed 31 cents in the past week, spiking to an average of $4.54 per gallon Wednesday, a price 52% higher than before the war with Iran began, according to AAA data.
Markets cheer signs of a possible U.S.-Iran deal
Oil prices plummeted and Wall Street stocks surged on Wednesday after President Trump pointed to "great progress" in reaching a deal that would end the U.S. war with Iran.
DoorDash plans to spend more than $50 million on gas price relief for its drivers this spring
DoorDash said Wednesday it expects to spend more than $50 million in the second quarter on gas price relief for its delivery drivers.
Trump to Iran: Accept the terms of an emerging deal or face unprecedented bombing
President Trump threatened Wednesday to bomb Iran at a "much higher level" if Tehran does not agree to emerging terms to end the war.
China pushes for ‘comprehensive ceasefire’ to end Iran war in meeting with Iranian FM Araghchi
Chinese Foreign Minister Wang Yi hosted his Iranian counterpart, Abbas Araghchi, for talks in Beijing Wednesday and pushed for an agreement that would end hostilities and reopen the Strait of Hormuz.
Markets cheer signs of a possible U.S.-Iran deal
Oil prices plummeted and Wall Street stocks surged on Wednesday after President Trump pointed to "great progress" toward reaching a peace that ends the U.S. war with Iran.
After brief respite, gasoline prices continue their steady climb
The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA, hitting the wallets of drivers after rising 50% since the war with Iran began.
