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The Latest Breaking News from Gas Prices

How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond

As the price of crude oil surged, consumers were feeling the effects of the Iran war and its damage to worldwide energy production

The Independent UK

California gas prices rise above $5 a gallon amid US war with Iran

West coast state’s average cost per gallon has climbed $0.55 since the conflict in Middle East began over a week ago

The Guardian - US

Oil Prices Surge Above Pandemic-Era Levels As Iran War Tightens Supply Chain

Gas prices have spiked 27 cents a gallon in the last week as the Iran war has caused the price of oil to skyrocket.

International Business Times

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Rising pump prices draw calls to action from Democrats

As oil prices rise in the wake of U.S. military operations in Iran, Senate Democrats have begun calling for a solution to the increasing costs. Senate Minority Leader Charles E. Schumer, in a Sunday post on X, called on President Donald Trump to draw down oil from the Strategic Petroleum…

Roll Call

Why aren’t renewables better protecting the UK from energy price shocks amid Trump’s war on Iran?

How the UK's gas addiction keeps energy bills high despite the rising role of wind and solar

The Independent UK

Why Gas Prices Spike During Middle East Conflicts — And How Long It Usually Lasts

A missile launch thousands of miles away can push the price of gasoline up before the next morning commute even begins. That reality surprises many people, yet global oil markets react with lightning speed whenever tension rises in the Middle East. Traders, governments, and energy companies all watch the region…

Everybody Loves Your Money

Donald Trump dismisses skyrocketing gas prices as ‘little detour’, hopes you’re okay with being poorer

Prepare for hard times ahead.

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What does war in the Middle East mean for my finances?

Here, the Press Association looks at how the conflict could impact people’s finances in different ways.

Evening Standard

Ministers eye new energy support as Iran war sends prices soaring

Derek Lickorish, chairman of electricity and gas firm Utilita, has warned ‘we just don't know’ how high gas prices will go

Evening Standard

European markets dip as oil prices soar and European gas prices jump

Leading European stock market indexes started the week with a big sell-off, following a major drop across Asian markets and surging oil prices, as the Middle East crisis escalates further.

Euronews

Oil Prices Surge Past $100 a Barrel as Dow Futures Crash 900 Points — What It Means for Your Grocery Bill, Petrol, and Savings

How the recent surge in oil prices above $100 a barrel impacts your petrol costs, grocery bills, and household budget in the US, UK, and globally. Learn about the economic ripple effects and market reactions.

International Business Times UK

'A Good Thing' — Leavitt Defends Spiking Gas Prices on Fox News Even as Brent Crude Hits $84 a Barrel

White House press secretary Karoline Leavitt defends rising petrol prices in the US, citing the Iran conflict as a temporary disruption for long-term energy market benefits

International Business Times UK

Schumer calls on Trump to release oil from reserve to lower gas prices

Republicans have been slow to embrace the idea.

Axios

US energy chief says spike in gas prices will fall ‘before too long’ amid Iran war

Chris Wright says price increase would last weeks, not months, and that US would not target Iran’s energy industry

The Guardian - US

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The Guardian - US

White House worries as gas prices jump amid ongoing US-Israel war on Iran

US drivers are largely insulated from higher oil prices caused by Middle East turmoil – but only to a point

The Independent UK

Growing concern as oil and gas prices rapidly rise amid escalating Iran conflict

Prices surged higher and showed no signs of halting as Iran conflict enters second week

The Independent UK

Lousy job growth and sky-high gas: Trump’s economy is in crisis and puts his presidency at risk

Moody’s Mark Zandi tells Eric Garcia that high gas prices will make it ‘very difficult to kind of get Americans back thinking, believing or buying into the idea that things were going at all well’

The Guardian - US

Stephen Colbert on Kristi Noem: ‘A domestic terrorist who deserves to go to Gitmo’

Late-night hosts addressed Trump firing the DHS secretary, rising US gas prices and Robert F Kennedy Jr’s crackdown on Dunkin’

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news in one place.

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Reason

Trump Bragged About Lower Gas Prices. Then He Bombed Iran.

You can have low gas prices or war in the Middle East, but not both.

The Independent UK

Energy markets ‘in turmoil’ due to Middle East conflict as major suppliers ditch fixed-price tariffs

Wholesale gas prices have almost doubled since Saturday

Barchart

Nat-Gas Prices Rally on a Larger-Than-Expected Fall in Inventories

April Nymex natural gas (NGJ26 ) on Thursday closed up by +0.086 (+2.95%). April nat-gas prices rallied on Thursday and settled higher due to a larger-than-expected storage withdrawal. The EIA reported that nat-gas inventories for the week ended February 27 fell by -132 bcf, a larger draw than expectations of...

The Guardian - UK

Stock market falls resume as US-Israel war with Iran drives up oil and gas prices

FTSE 100 and France’s CAC down 1.5%; Germany’s DAX and Italy’s FTSE MIB down 1.6%; the Dow Jones was down 2%

The Independent UK

White House is looking ‘under every rock’ to solve rising gas prices after Trump’s war in Iran spikes costs, report says

Gas prices in the U.S. rose roughly 28 cents per gallon in one week, as a result of U.S. and Israeli strikes in Iran

The Independent UK

Americans lash out at Trump as gas prices rise over Iran war: ‘He promised to bring prices down’

Less than a week into conflict with Tehran and drivers are already noticing higher prices at the pumps

The Guardian - UK

Ministers discuss ways to offset energy price surges caused by Iran war

Government’s claim to have lowered bills in jeopardy as households face £160 rise caused by soaring oil and gas prices

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