Why US Grocery Prices Are Rising Beyond Gasoline Costs: Key Factors Explained
US grocery prices surged 2.9% in April year-over-year, the highest since August 2023, driven by more than just rising gasoline costs from the Iran war...
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Trump Supports Temporary Suspension of Federal Gas Tax Amid Rising Fuel Prices
Former President Donald Trump endorsed suspending the 18.4-cent federal gasoline tax in a CBS News interview, reversing the White House's prior stance...
Shell's Q1 Profits Surge to $6.9 Billion Amid Soaring Gas Prices and Energy Market Disruptions
Shell reported adjusted earnings of $6.9 billion in Q1 2026, more than doubling from the previous quarter. Meanwhile, gasoline prices hit $4.558 per g...
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Oil prices hit their highest levels since the start of the Iran war, with Brent crude briefly surpassing $126 per barrel before retreating. The surge...
Trump Leverages Cold War Law to Boost U.S. Energy Production Amid Fuel and Power Costs
President Trump announced Monday his plan to invoke a Cold War-era national security law to increase domestic production of motor fuels and electricit...
Oil Prices Surge 6% as U.S.-Iran Tensions Threaten Strait of Hormuz Shipping
Global oil prices jumped nearly 6% Sunday evening following escalating U.S.-Iran tensions over the Strait of Hormuz. The surge reverses much of Friday...
Iran Conflict: Could Rising Energy Costs Trigger a Spike in U.S. Grocery Prices?
The Strait of Hormuz blockade has disrupted global energy supplies, raising concerns about rising food prices in the U.S. Agricultural economist Ken F...