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The Latest Breaking News from EIA

Trump officials say gas prices will return to normal in ‘a few more weeks,’ but his own Energy Department says it will be 2027

Government projections don’t see gas prices falling below $3 per gallon until the end of next year.

Fortune

Crude Oil Jumps as Iran Said it Will Target Middle Eastern Oil Infrastructure

April WTI crude oil (CLJ26 ) today is up +2.83 (+2.94%), and April RBOB gasoline (RBJ26 ) is up +0.0907 (+2.90%). Crude oil and gasoline prices recovered from early losses and are sharply higher, with gasoline soaring to a 3.5-year high. Escalation of the Iran war is pushing energy prices...

Barchart

Trump Administration Eliminated Energy Experts Who Model Oil Market Shocks Ahead Of Iran Strikes — Elevates Risk Of Price Surges

Cuts to US energy offices under the Trump administration are under scrutiny as Iran war strikes rattle oil markets and complicate efforts to manage the global energy crisis.

International Business Times UK

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US Gasoline and Diesel Prices Surge: National Averages Hit $3.84 for Regular Gas, $5.07 for Diesel

Pump prices for gasoline and diesel fuel continued their sharp upward climb across the United States on Wednesday

International Business Times

Corn Comes Back to Close with Slight Gains on Tuesday

Corn futures rounded out Tuesday trade, with contracts steady to 2 ¼ cents higher, as July slipped ¼ cent. The CmdtyView national average Cash Corn price was steady to $4.11 3/4. Crude was up $2.52 on the day. EIA data will be released on Wednesday morning, showing ethanol production and...

Barchart

Crude Oil Rallies as Iranian Attacks Disrupt Middle Eastern Supplies

April WTI crude oil (CLJ26 ) on Tuesday closed up +2.71 (+2.90%), and April RBOB gasoline (RBJ26 ) closed up +0.1231 (+4.10%). Crude oil and gasoline prices rallied sharply on Tuesday, with gasoline posting a 1-week high. Energy prices are rising amid renewed attacks on key energy infrastructure in the...

Barchart

Nat-Gas Prices Gain as Iran Attacks Key Energy Infrastructure

April Nymex natural gas (NGJ26 ) on Tuesday closed up +0.010 (+0.33%). Nat-gas prices settled slightly higher on Tuesday, gaining on carryover support from a +1% rally in European nat-gas prices on supply concerns after operations were suspended at the Shah gas field in the United Arab Emirates when an...

Barchart

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Crude Oil Prices Gain as Iran Renews Attacks on Middle East Energy Infrastructure

April WTI crude oil (CLJ26 ) today is up +1.41 (+1.51%), and April RBOB gasoline (RBJ26 ) is up +0.0849 (+2.83%). Crude oil and gasoline prices are moving sharply higher today, with gasoline posting a 1-week high. Energy prices are rising amid renewed attacks on key energy infrastructure in the...

Barchart

Crude Oil Prices Retreat as Several Tankers Sail Through the Strait of Hormuz

April WTI crude oil (CLJ26 ) on Monday closed down -5.21 (-5.28%), and April RBOB gasoline (RBJ26 ) closed down -0.0411 (-1.35%). Crude oil prices sold off sharply on Monday in hopes that oil tankers may soon be able to move through the Strait of Hormuz. Several oil tankers safely...

Barchart

Nat-Gas Prices Fall in Sympathy With Declines in Crude Oil

April Nymex natural gas (NGJ26 ) on Monday closed down -0.108 (-3.45%). Nat-gas prices fell sharply on Monday amid negative carryover from a -5% plunge in crude oil prices on hopes that the Strait of Hormuz can soon be reopened to maritime traffic. Also, a mixed US weather report weighed...

Barchart

Crude Oil Prices Slump on Hopes Strait of Hormuz to Soon Reopen

April WTI crude oil (CLJ26 ) today is down -3.35 (-3.39%), and April RBOB gasoline (RBJ26 ) is down -0.0033 (-0.11%). Crude oil prices are sharply lower today on hopes that oil tankers may soon be able to move through the Strait of Hormuz. Several oil tankers safely navigated the...

Barchart

Crude Oil Prices Rally as Iran War Disrupts Global Supplies

April WTI crude oil (CLJ26 ) on Friday closed up +2.98 (+3.11%), and April RBOB gasoline (RBJ26 ) closed up +0.0768 (+2.59%). Energy prices settled sharply higher on Friday amid news headlines that whipsawed prices. Crude prices recovered from early losses and rallied sharply on Friday after the Wall Street...

Barchart

Nat-Gas Sink on Above-Normal US Weather Forecasts

April Nymex natural gas (NGJ26 ) on Friday closed down -0.102 (-3.15%). Nat-gas prices on Friday gave up an early advance and settled sharply lower on forecasts for above-normal US weather, potentially curbing heating demand for nat-gas. Forecaster Atmospheric G2 said Friday that forecasts shifted warmer with widespread above-average temperatures...

Barchart

Crude Oil Prices Underpinned as Iran War Rages On

April WTI crude oil (CLJ26 ) today is up +0.14 (+0.15%), and April RBOB gasoline (RBJ26 ) is up +0.0216 (+0.73%). Energy prices are moving higher today as news headlines whipsaw prices. Today's rally in the dollar index ($DXY ) to a 3.5-month high is weighing on crude prices. Also,...

Barchart

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Barchart

Crude Oil Surges as Strait of Hormuz Remains Closed

April WTI crude oil (CLJ26 ) on Thursday closed up +8.48 (+9.72%), and April RBOB gasoline (RBJ26 ) closed up +0.1763 (+6.32%). Energy prices settled sharply higher on Thursday due to comments from Iran's Supreme Leader Ayatollah Mojtaba Khamenei, who said that Iran's leverage of closing the Strait of Hormuz...

Barchart

Nat-Gas Prices Gain on Carry-Over Support from Crude Oil's Surge

April Nymex natural gas (NGJ26 ) on Thursday closed up +0.024 (+0.75%). Nat-gas prices on Thursday rallied in sympathy with crude oil and European gas prices amid the Iran war, which is dragging on. Iran's Supreme Leader Ayatollah Mojtaba Khamenei said on Thursday that Iran's leverage of closing the Strait...

Barchart

Crude Oil Surges as Iran War Drags On

April WTI crude oil (CLJ26 ) today is up +8.84 (+10.13%), and April RBOB gasoline (RBJ26 ) is up +0.1341 (+4.81%). Energy prices are sharply higher today on comments from Iran's Supreme Leader Ayatollah Mojtaba Khamenei, who said that Iran's leverage of closing the Strait of Hormuz should be used...

Barchart

Nat-Gas Prices Rally as Iran War Drags On

April Nymex natural gas (NGJ26 ) on Wednesday closed up +0.189 (+6.26%). Nat-gas prices on Wednesday rallied in sympathy with crude oil prices and European gas prices as the Iran war drags on. Missiles hit three vessels on Wednesday in the Strait of Hormuz and the Persian Gulf, and new...

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Barchart

Crude Prices Rally Despite IEA Stockpile Release

April WTI crude oil (CLJ26 ) is up +4.62 (+5.54%), and April RBOB gasoline (RBJ26 ) is up +0.14379 (+5.60%). April WTI crude oil on Monday spiked up to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $87-per-barrel area. Crude oil prices spiked higher to...

Barchart

Nat-Gas Prices Fall on Hopes for Near-Term End to the War in Iran

April Nymex natural gas (NGJ26 ) on Tuesday closed down -0.100 (-3.21%), adding to Monday's -2.07% decline. Nat-gas prices have given back part of last week's overall +11.44% rally. Nat-gas prices fell on Tuesday due to milder weather and President Trump's insistence that the war in Iran will soon end....

Barchart

Crude Prices Plunge on Hopes for a Quick End to Iran War or at least a G-7 Oil Stockpile Release

April WTI crude oil (CLJ26 ) on Tuesday closed down -11.32 (-11.94%) at $83.45, and April RBOB gasoline (RBJ26 ) closed down -0.1681 (-5.99%). April WTI crude oil on Monday rallied to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $83-per-barrel area. Crude oil prices...

Barchart

Crude Prices Plunge as President Trump Insists War Will End Soon

April WTI crude oil (CLJ26 ) is down -10.78 (-11.37%), and April RBOB gasoline (RBJ26 ) is down -0.1752 (-6.24%). April WTI crude oil on Monday rallied to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $84-per-barrel area. Crude oil prices spiked higher to $119.48...

Barchart

Nat-Gas Prices Fall Back on Trump Comments

April Nymex natural gas (NGJ26 ) on Monday closed down -0.066 (-2.07%), giving back part of last Friday's rally of +6.09%. April nat-gas prices on Monday rallied to a 5-week high but then fell back and closed the day lower. Nat-gas prices initially rallied on Monday as crude oil soared...

Barchart

Crude Prices Surge after Israel Bombs Iranian Fuel Depots

April WTI crude oil (CLJ26 ) today is up +5.49 (+6.04%), and April RBOB gasoline (RBJ26 ) is up +0.0878 (+3.25%). Crude oil and gasoline prices today are sharply higher after Israel on Saturday bombed 30 Iranian oil depots. In addition, Saudi Arabia became the latest Middle East oil producer...

Barchart

Crude Prices Surge as Iran War Halts Middle East Crude Shipments

April WTI crude oil (CLJ26 ) on Friday closed up by +9.89 (+12.21%), and April RBOB gasoline (RBJ26 ) closed up +0.0757 (+2.83%). Crude oil and gasoline prices extended this week’s sharp rally on Friday, with crude soaring to a 2.5-year nearest-futures high and gasoline posting a 1.75-year high. The...

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