Gasoline prices

Gasoline prices in annexed Sevastopol rose 30% in a week, reaching $5.80 per gallon by June 29, according to Rosstat data.

Rising food and gasoline prices, driven by tariffs and the war in Iran, are making the upcoming July 4 celebration the most expensive in the U.S. as the country marks its 250th birthday.

Crude oil prices have fallen 36% from their April peak, while gasoline prices have dropped only 22% from their May high. The article highlights the disconnect between the two prices, noting that refined gasoline comes from crude oil but their prices do not move in lockstep.

A Moody's Analytics economist estimated that the US-Israel war with Iran has cost the average American household $1,000, driven by higher gasoline and diesel prices. Gasoline prices peaked at $4.56 per gallon in May, while increased transport costs pushed grocery prices up by $200 per household. US inflation reached a three-year high in May.

Consumer confidence in the U.S. rose in June to 49.5 from 44.8 in May, driven by lower gasoline prices and eased U.S.-Iran tensions, though it remains below pre-conflict levels. Inflation and high prices continue to strain households, with over half reporting financial stress and adjusted spending habits.

U.S. President Donald Trump pressured oil companies to lower gasoline prices after oil prices declined. Trump accused the firms of 'gouging' consumers.

Trump stated that the Justice Department will investigate high gasoline prices. A driver in Florida is shown refueling a vehicle with regular gasoline.

Gasoline prices have officially dropped below $4 per gallon, marking the smallest possible decrease. The change is described as 'barely' significant.

Retail sales increased by 0.9% in May as warmer weather and lower gasoline prices encouraged higher consumer spending.

Retail sales increased by 0.9% in May, driven by improved weather and lower gasoline prices. Sales at clothing, home furnishing, and online retailers rose, while electronics stores saw a decline. Gas prices fell 11% from $4.51 to $4.02 per gallon, though a tentative Iran war deal remains uncertain about long-term recovery.

Retail sales increased by 0.9% in May as warmer weather and lower gasoline prices encouraged higher consumer spending.

Retail sales increased 0.9% in May, driven by warmer weather and lower gasoline prices, with a 0.7% rise excluding gas stations. Tax refunds in April and May contributed to the growth, though their impact is waning. The Iran war peace deal may ease gas prices, but analysts caution about lingering supply issues and shifting consumer habits.

Analysts predict that US petrol prices will not decrease before 2027, and US drivers may need to wait until 2027 for gasoline prices to drop.

Rising energy costs accounted for over 60% of May’s 0.5% increase in U.S. consumer prices, with gasoline prices surging 7% monthly and 40.5% annually. Energy prices rose 23.5% over the past year, outpacing slower food price increases (3.1% annually), while disruptions at the Strait of Hormuz raised concerns about fertilizer supply chains.

A tentative U.S.-Iran peace deal is expected to increase traffic through the Strait of Hormuz, potentially easing gasoline prices at the pump, but prewar levels may remain unattainable.

The U.S. inflation rate is currently at 4.2%, but it is expected to decrease by the end of 2026 due to lower gasoline prices and the fading effects of tariffs.

Inflation reached 4.2% in May 2026, the highest in over three years, driven by soaring gasoline prices linked to the U.S.-Iran war. Energy costs accounted for over 60% of the monthly rise in consumer prices, while wages increased 3.4%, reducing workers' real spending power. Core inflation, excluding food and energy, rose 2.9% annually.

President Trump’s approval rating remains near the lowest level of his political career, with 35 percent of Americans approving of his job performance. The low approval is linked to expectations of rising gasoline prices due to the Iran war.

U.S. President Donald Trump vowed to end the Iran war quickly and address high prices during a campaign event in Chippewa Falls, Wisconsin, as Republicans aim to retain control of the U.S. House of Representatives in the midterm elections amid voter concerns over rising living costs and gasoline prices linked to the conflict.

The article discusses how permanent supply shocks are increasing grocery and gasoline prices, highlighting that the Federal Reserve cannot control these inflationary pressures. It argues that Congress must take action to protect consumers' financial well-being.

A key inflation gauge accelerated in April to the highest level in three years, driven by rising gasoline and food prices, which are straining American households.

India has increased diesel and gasoline prices for the third time in eight days, impacting fuel costs nationwide. A fuel station in Ahmedabad was photographed on May 15, highlighting the ongoing price adjustments.

Americans have spent an additional $45 billion on fuel costs since the Iran war began on February 28, with the national average for regular gasoline reaching $4.55 per gallon on Friday. This represents more than a 50% increase in gas prices since the conflict started, with projections suggesting prices could reach $5 per gallon.

U.S. gas prices have reached their highest levels in nearly four years amid tensions with Iran, with analysts warning that global oil inventory declines could push fuel prices even higher within 4-6 weeks. The price surge comes ahead of the Memorial Day holiday period.

High gasoline prices at $4.50 per gallon are forcing consumers to reduce discretionary spending, including fewer nights out and increased budget constraints. The article examines the economic impact of elevated fuel costs on consumer behavior and household finances.

Rising global gasoline prices due to the war in Iran are prompting drivers in many countries to switch to electric vehicles (EVs). However, U.S. buyers are not following this trend, partly due to a lack of affordable EV options.

U.S. inflation rose to 3.8% in April, the highest level since May 2023, driven by surging gasoline prices, higher air fares, and housing costs. Gas prices increased $1.50 per gallon since the U.S.-Iran conflict began, while diesel fuel costs rose $1.88, contributing to 40% of the monthly CPI increase. Housing price jumps were partly influenced by a statistical anomaly from a prior government shutdown.

US gasoline prices reached $4.17 per gallon, the highest level in four years, according to AAA data.

Australian gasoline prices have declined for the third consecutive week, attributed to government interventions aimed at stabilizing fuel costs. The drop was observed at petrol stations, including in Sydney, as consumers benefit from reduced expenses.

Gasoline prices are expected to drop below $4 in the coming days, though a return to pre-war levels may take months. This projection depends on sustained peace and resumed traffic through the Strait of Hormuz.

Gasoline prices are expected to drop below $4 soon, but a return to pre-war levels may take months. This depends on maintaining peace and resuming traffic through the Strait of Hormuz.

US gasoline and diesel prices hit seasonal highs, reaching $4 per gallon for the first time since August 2022. The surge is attributed to escalating tensions in the Middle East, impacting global energy markets and consumer costs.

The Iran conflict is causing significant inflation and economic strain in the US, with gasoline prices reaching $4 per gallon, the highest since 2022. The situation has led to record-low consumer sentiment and heightened economic concerns.

Inflation in the US increased due to rising gasoline prices, which surged 21.2% in March and remained above $4 per gallon. The price hike occurred amid ongoing tensions with Iran and the blockade of the Strait of Hormuz, despite a recent truce.

Consumer prices in March rose 3.3% year-over-year, the largest increase in nearly two years, driven by soaring gasoline prices linked to the war with Iran. Energy costs spiked due to the conflict, contributing significantly to inflationary pressures.

The federal government will release a cost-of-living report Friday, indicating inflation is set to reach its highest level in nearly two years due to a spike in gasoline prices caused by the war with Iran. Rising fuel costs are expected to significantly impact overall inflation rates.