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The Latest Breaking News from Gas Prices

Plus: Platner fallout, gas prices hit $4 per gallon, it's Kamala Harris' world (and we're just living in it), and more...

Reason

European gas prices surge amid fears US-Iran war will cause winter shortages

Benchmark hits a four-year high as oil briefly breaches $90 a barrel before easing after Tehran says talks ongoing

The Guardian - UK

Iran-US war impact: Gas, oil prices jump big again, check how latest escalation is burning a hole in common Americans' pockets. What to expect in coming days

US Gas Price: Drivers in some states across the U.S have been paying well over USD 4 a gallon for a while now, while others pay less. Affordability is likely to be a key issue for voters in the US midterm elections, and higher gas and oil prices can help…

The Economic Times

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The U.S. And Iran Continue To Escalate In The Middle East. Gas Prices Have Returned Above a Key Level

U.S. gas prices have gone back above $4 a gallon as oil prices climb again amid heavy fighting in the Middle East.

International Business Times

Gas prices spiral over $4 as U.S.-Iran war heats up again, amid warning that 'economic gravity' will soon catch up to American families

"In the Wile E. Coyote scenario, economic gravity eventually exerts itself," wrote UBS's Paul Donovan this morning.

Fortune

US gas prices hit an average of $4 a gallon again as the US and Iran launch attacks

U.S. gas prices have jumped to an average of $4 a gallon again as the U.S. and Iran launch more attacks

The Independent UK

Trump's $3.47 'Freedom Fuel' Promise Backfires? Here's How Much Drivers Are Really Paying

The White House celebrates a drop in inflation to 3.5% in June, citing economic progress, while facing scrutiny over fluctuating gas prices linked to its Freedom Fuel network project.

International Business Times UK

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IRS Raises 2026 Mileage Deduction To 76 Cents Per Mile as Higher Gas Prices Drive First Midyear Adjustment in Four Years

The IRS raised the optional business mileage rate to 76 cents per mile from 72.5 cents for eligible travel on or after July 1, giving self-employed workers and businesses a larger deduction as fuel costs remain elevated.

Benzinga

Current price of oil as of July 17, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Inflation May Be Cooling, But Many Workers Still Aren't Feeling Richer. Salaries' Data Show Why

Lower gas prices helped ease inflation in June, but many Americans say rising costs for housing, food and other essentials continue to strain household budgets.

International Business Times

Mohamed El-Erian Predicts Gas Prices Will Hit $4 a Gallon by the End of the Month as GOP Blames Democrats' Clean Energy Strategy

Economist Mohamed El-Erian has warned that the national average price of gas in the U.S. will hit $4/gallon by the end of July amid escalations between the U.S. and Iran, as well as uncertainty over the Strait of Hormuz.

Benzinga

Trump's Strait of Hormuz Blockade Could Push Oil Higher, Gas Prices Could Reach $4 a Gallon, Analyst Says

GasBuddy analyst Patrick De Haan on Monday cautioned against gas prices in the U.S. likely spiking as tensions between Washington and Tehran escalate over the Strait of Hormuz.

Benzinga

Trump’s inflation problem isn’t over as Iran tensions drive up oil prices

Inflation likely cooled last month as gas prices declined, providing consumers with some welcome relief even as renewed combat with Iran has sent oil prices climbing again

The Independent UK

Hakeem Jeffries Calls Trump's Iran War 'Operation Epic Failure,' Says It Wasted Over $100 Billion in Taxpayer Money

House Minority Leader Hakeem Jeffries on Sunday slammed President Donald Trump, saying that the war with Iran has cost ordinary Americans over $100 billion and caused gas prices to surge.

Benzinga

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Barchart

Is it Time to Put Natural Gas on Your Radar?

Now that we are in the heart of summer, the shoulder season in natural gas is over, as cooling demand increases natural gas requirements. While the energy commodity that generates electricity tends to peak during winter and the heating season, above-average temperatures during summer can push prices higher.

Fortune

Current price of oil as of July 10, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

The Independent UK

US gas prices see their biggest one-day jump in months as Iran war spooks market

Gas prices began to decline steadily after the U.S. and Iran agreed to the Memorandum of Understanding in June

Benzinga

White House Promotes ‘Freedom Fuel’ Gas Stations Offering $3.47 Gas As Trump Pushes Retailers to Cut Prices

The White House promoted the launch of 25 "Freedom Fuel" gas stations in Pennsylvania and New Jersey this week, framing the privately run network as a cheaper option for drivers amid elevated fuel prices during the summer travel season.

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Benzinga

Oil Surges Again as US-Iran War Escalates: Top Economist Justin Wolfers Explains the ‘Hidden Pattern’ Driving Gas Prices

Fresh military strikes in the Middle East have shattered a fragile ceasefire, sending crude oil prices surging and guaranteeing an immediate spike in fuel costs. This rapid increase, contrasted with sluggish price drops during periods of relief, is driven by a “hidden pattern” that economists have long tracked.

Reason

The Sindex: Gas Prices Rose 29% in 2 Months After Trump Went to War With Iran

The Reason Sindex tracks the price of vice: smoking, drinking, snacking, traveling, and more.

Benzinga

Hakeem Jeffries Slams Trump Over Iran 'Ceasefire' Collapse—Patty Murray Says Gas Prices Are Surging Again: 'What a Total Failure…'

Democratic Party lawmakers, including House Minority Leader Hakeem Jeffries, have criticized President Donald Trump as tensions escalate with Iran and gas prices surge.

The Independent UK

Fuel prices got so high that people stopped going to the drive-thru as much: report

Even the likes of the Big Mac and Whopper didn’t stand a chance against soaring gas prices, with fast-food drive-thru customers falling 6.8 percent in May, according to research from data analysis firm Placer.ai.

Benzinga

Gary Black Says Tesla's Q2 Delivery Beat Was Fueled by Iran War-Driven Gas Price Spike, Expects TSLA to Rebound Ahead of Earnings

Investor Gary Black of The Future Fund LLC has reiterated that Tesla Inc.‘s (NASDAQ:TSLA) second-quarter 2026 delivery beat came due to elevated gas prices amid the war in Iran.

Benzinga

Gavin Newsom Slams Chevron, Says Gas Prices Still 'Elevated' Due to Trump's 'Reckless' Iran War: 'Skip the Brand Names'

Gov. Gavin Newsom (D-CA) has reaffirmed his call to snub energy giant Chevron Corp‘s (NYSE:CVX) gas stations, accusing oil companies of profiting from high costs as ordinary Americans continue paying more at the pump amid the Iran war.

Barchart

Why the Current Selloff in Big Tech Stocks Is a Springboard for a New Rally

The recent Big Tech correction is a healthy reset, not a market crash. Big Tech capex remains the S&P 500's core engine. With falling gas prices driving down headline CPI and an impending dovish Fed pivot, current market levels offer an ideal entry point for a new historic rally.

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