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The Latest Breaking News from Gas Prices

Costco’s Secret Growth Engine May Be Running Out of Gas

Costco's gas-driven comp growth topped 12% in May, but with gas prices down more than 20% from their high, COST is losing a key tailwind ahead of Q4 results.

MarketBeat

Current price of oil as of June 26, 2026

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

Fortune

Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging

Crude prices are back to prewar levels. Gas prices aren’t. Now Trump is pointing fingers at his own biggest donors.

Fortune

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Key inflation gauge jumps to 3-year high in latest sign of affordability challenges

The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Trump as midterm elections near

The Independent UK

Chevron CFO Says 'It's Going To Take Time' For Gas Prices To Go Down Despite Oil Plunging

Chevron CFO Eimear Bonner said "it's going to take time" for gas prices to go down despite the plunge of oil, following criticism of President Donald Trump.

International Business Times

Trump is frustrated gasoline prices don't mirror oil's decline. Experts say it’s not that simple

U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran

The Independent UK

Trump says he’s ordered investigation into oil companies over alleged price gouging

Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict

The Guardian - US

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Trump’s gas price promise hits a roadblock as he turns on oil companies

IN FULL

The Independent UK

So it’s not under $2? Trump loses it in late-night post about high gas prices he promised would drop

Trump previously assured Americans that they would ‘soon’ see $2 gas prices, which would ‘drop like a rock’ as soon as the war in Iran is over

The Independent UK

Only a quarter of Americans believe Trump’s war with Iran was worth the cost, new poll finds

The war cost the Pentagon around $40 billion and sent gas prices soaring

The Independent UK

NCDOT Data Suggest Combined State and Federal Gas Taxes Cost the Average NC Driver About $331 per Year—Among the Top 5 Tax Burdens in the US

Gas prices rarely tell the full story when drivers swipe their card at the pump. Behind every gallon sits a quiet layer of taxation that adds up faster than most people realize. In North Carolina, recent federal transportation data highlights a surprising reality that places the state among the highest…

Clever Dude

California drivers accuse gas station operators of using AI to boost pump prices — lawsuit seeks damages for antitrust violations

Californians pay the highest gas prices in the U.S. and a proposed class action says that the issue has been exacerbated by an AI-tool that smartly squeezes customers for the best profits.

Tom’s Hardware

Iran war could affect UK energy supply over winter months as warning issued over ‘tight days’

Gas prices for winter are more volatile than in recent years following the conflict in the Middle East and the effective closure of the Strait of Hormuz

The Independent UK

America In Focus: US gas prices dip below $4 and more evidence Americans keep spending

U.S. gas prices fell below $4 a gallon on average this past week, but just barely

AAP

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The Independent UK

Democrats won’t let dropping gas prices stop them from hammering Trump on affordability

ANALYSIS: President’s opponents are hoping voters remember who caused prices to go up in the first place, Eric Garcia writes

AAP

US gas prices dip below $4 for 1st time since March but remain 25% higher than last year

U.S. gas prices have fallen to just below $4 a gallon on average, bringing some relief to drivers who have seen soaring costs amid Washington's war with Iran

The Independent UK

Trump’s economic approval rating keeps falling - and is now three points worse than Biden’s all-time low

Many Americans described gas prices as a ‘major strain’ and said they’re skipping summer vacations

The Guardian - US

Gas prices fall below $4 on average after Trump’s signing of Iran deal to end war

Drivers feel some relief but prices still a dollar more per gallon overall since before US-Israel attack on Iran

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news in one place.

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AAP

US gas prices below $4 for 1st time since March, but remain 25% higher than last year

U.S. gas prices have fallen to just below $4 a gallon on average, bringing some relief to drivers who have seen soaring costs amid Washington's war with Iran

The Independent UK

Why gas prices are going down as fuel drops below $4 a gallon for first time in months

IN FULL

The Independent UK

Gas drops below $4 a gallon after Trump signs Iran peace deal

Gas prices may not dip below the pre-war $3 mark until 2027 because inventory levels remain low

International Business Times

U.S. Gas Prices Drop Below $4 a Gallon After Deal To Reopen Strait Of Hormuz

U.S. gas prices have dropped below $4 a gallon as oil prices continue to drop following the agreement between the U.S. and Iran to end the war.

The Independent UK

The Latest: US and Iran sign initial deal to end war, ease sanctions and open strait

According to details released by both countries, President Donald Trump has signed an agreement with Iran that calls for Tehran to dilute its stockpile of highly enriched uranium and waives U.S.-backed sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington

AAP

US gas prices fall below $4 for 1st time since March, but still 25% higher than last year

U.S. gas prices are just barely below an average of $4 a gallon nationwide on Thursday, shortly after President Donald Trump signed an agreement with Iran that calls for Tehran to dilute its stockpile of highly enriched uranium and waives U.S.-backed sanctions on the country

AAP

US gas prices now average less than $4, but still 25% higher than last year

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