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The Latest Breaking News from Gas Prices

Beer demand across the US is plunging - and the Iran war could be to blame

California saw the largest drop in beer sales nationwide, followed by Arizona and Texas, according to data

The Independent UK

Republican rep brushes off rising gas prices because that’s ‘the world we live in’

IN FULL

The Independent UK

Current price of oil as of May 15, 2026

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

Fortune

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read the most diverse news in one place.

Alabama man goes through Walmart self-checkout. Then he uses a scanning trick to dramatically alter the price

If there was ever a need for “hacks” to save on groceries, the time may be right now. As grocery and gas prices continue to rise, along with inflation, Americans are definitely feeling it. According to a report by The Economist, the United States is facing a “grocery-price shock,” partly…

The Mary Sue

Republican gives stark message to Americans reeling over rising gas prices: ‘That’s life’

Jim Jordan argued the higher prices were worth paying if it meant tackling Tehran, despite the lack of regime change.

The Independent UK

The blind spot in Europe’s energy strategy: almost all of its building data is based on approximations and averages

Europe is once again eyeing international energy markets with unease. The war in Ukraine, geopolitical tensions in the Middle East and the extreme volatility of gas prices are all stark reminders of a painful truth: the continent’s energy security is still at the mercy of external factors.

The Conversation

Summit Midstream Partners Q1 Earnings Call Highlights

Summit Midstream Partners (NYSE:SMC) said first-quarter 2026 results were broadly in line with expectations, as strength in its Rockies business helped offset weaker volumes and lower realized residue gas prices in its MidCon segment. President, CEO and Chairman Heath Deneke said Summit reported fi

MarketBeat

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At the Races: Hitting the gas

Welcome to At the Races! Each week we bring you news and analysis from the CQ Roll Call campaign team. Know someone who’d like to get this newsletter? They can subscribe here. By Niels Lesniewski, Mary Ellen McIntire and Daniela Altimari As the Iran war continues to roil global oil markets, rising…

Roll Call

American consumer spending slowed in April as soaring gas prices hits households

March had marked the largest monthly surge in retail spending in over three years, largely driven by a rapid spike in gas prices

The Independent UK

Europe’s household energy prices surge after Iran war: Which capitals were hit hardest?

Household gas prices rose across EU capitals between early February and early April, reflecting the impact of Middle East tensions. However, electricity prices fell on average, highlighting diverging trends in Europe’s energy markets.

Euronews

US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome Powell

Kevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are rising. The Fed faces internal disagreements. President Trump has pressured the Fed for lower interest rates. Warsh promises independence. He faces challenges in managing…

The Economic Times

Why Pennsylvania’s low-income residents are feeling the squeeze as gas prices rise

When gas prices rise, not everyone feels the pain equally. For low-income and rural Pennsylvanians, a trip to the gas station can mean choosing between a full tank and groceries. Many factors, such as crude oil costs, distribution and marketing, and to some extent Pennsylvania gas taxes all add up…

The Conversation

Congress has an approval problem. Does it matter?

The last time Americans overwhelmingly approved of Congress, the U.S. had recently gone to war and was still reeling from the Sept. 11 terrorist attacks. Gas prices were $1.31 a gallon and “Fallin’” by Alicia Keys was the top song on the Billboard Hot 100 chart. The year was 2001,…

Roll Call

Why are oil prices down and gas rates steady today, and will Brent crude, US WTI futures, Dutch and British natural gas prices rise or decline in near future? Oil dips as markets watch Iran ceasefire, Trump-Xi China summit and Strait of Hormuz risks

Why are oil prices down and gas rates steady today, and will Brent crude, US WTI futures, Dutch and British natural gas prices rise or decline in near future? Oil slipped after a three-day rise while gas stayed stable as markets tracked Iran ceasefire risks and the Trump-Xi China summit.…

The Economic Times

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The Independent UK

Trump promise of gas tax relief hits roadblock in Congress: ‘End this damn war’

Democrats on the campaign trail side with Trump, but many Democrats and Republicans on the Hill are not as sure, Eric Garcia writes

We Got This Covered

‘$150 and it’s not even full’: Kentucky man’s gas station meltdown goes viral after he calls out stay-at-home MAGA moms

Gas prices are hitting regular Americans hard.

The Independent UK

Trump brushes off Iran war’s cost at home: ‘I don’t think about Americans’ financial situation’

President’s stunning admission comes as American struggle with surging inflation and record gas prices as a result of the continued blockade of the Strait of Hormuz

Kiplinger

Congress Is Talking About a Federal Gas Tax Holiday: How Much Will Drivers Really Save?

As calls grow to suspend the federal gas tax, analysts say drivers may see only limited relief at the pump.

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The Guardian - UK

The Bahamas goes to polls in three-way battle with immigration a key issue

Rising cost of living such as high gas prices also a concern in election that will have record number of voters

We Got This Covered

Minneapolis lifted trucks targeted in fuel theft scheme amid soaring gas prices: ‘thinking about getting cameras’

The popular mod leaves them vulnerable.

The Independent UK

The gap between America’s wealthiest and everyday citizens is the biggest it has been in generations

The U.S. economy is increasingly bifurcating, with high gas prices and employment issues hitting lower-income households, while the richest Americans enjoy tax cuts and a soaring stock market

We Got This Covered

‘Brutally out of touch’: Transportation Secretary Sean Duffy launches a road trip reality show while gas hits $4.50 a gallon

Turned out to be a PR disaster.

The Mary Sue

Rachel Scott asked Trump why he’s polishing monuments while gas prices soar. His meltdown revealed a truth about his priorities

President Donald Trump lost his cool during a press Q&A on May 7 when ABC News correspondent Rachel Scott asked why he was focusing on monument renovations while gas prices continued to climb. His explosive reaction, calling her question “stupid” and a “disgrace to our country”, sparked another round of…

The Guardian - US

Spiritless summer: Americans feel squeeze of costly fuel amid busy travel season

Soaring oil prices have left many Americans with higher costs and fewer options for travel amid the Iran war

The Independent UK

Trump claims doubled gas prices are ‘way down’ as his transport chief tells Americans to take road trips

Sean Duffy boasted that oil prices had dipped below $100 a barrel after Trump’s war in Iran caused the cost of gas to more than double

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