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The Latest Breaking News from Gas Prices

Price impact uncertain from gas reservation scheme

Households have not be guaranteed how much gas prices in east coast markets will come down under a reservation scheme.

AAP

Hoping a possible peace deal will quickly bring down gas prices? It might take up to a year

Trump’s war in Iran has seen average gas prices rocket from $3 before the conflict to $4.54 per gallon

The Independent UK

As Gas Prices Climb, Hybrid Sales Are Booming

You’ve probably driven past a gas station recently and noticed that prices are climbing—and quickly. While large swathes of Americans still refuse to drive electric vehicles, hybrids are having a bit of a moment.

Motor1

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McDonald's posts better-than-expected first quarter sales. But higher gas prices threaten demand

“Clearly, when you have elevated gas prices... that is going to disproportionately impact low-income consumers," McDonald's Chairman and CEO Chris Kempczinski said.

Fortune

British Gas owner buys gas-fired power station for £370m for energy ‘security’

The household energy business said it has completed the acquisition of the Severn gas turbine power station.

Evening Standard

Australian gas exporters will be forced to set aside local supply for domestic users

Producers of liquefied natural gas (LNG) on Australia’s east coast will have to set aside 20% of their gas exports to be sold to domestic users from July next year.

The Conversation

Trump has a ‘nuclear option’ to bring down gas prices - will he use it and will it work?

The national average cost for a gallon of gas stood at $4.53 Wednesday - up from $2.98 two days before the conflict erupted February 28

The Independent UK

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‘Tax on every hardworking American’: Ohio man watches his fill-up cost jump from $40 to $75 and does not hold back on Donald Trump

The pain is very real at the pump.

We Got This Covered

Trump-backed candidate Steve Hilton accused of lying to voters in fiery California governor debate

The punishing cost of living in California, particularly soaring gas prices, dominated the discussion, highlighting deep partisan divisions

The Independent UK

Trump news at a glance: Marco Rubio, in White House press room, puts a spin on rising gas prices

Secretary of state says US is ‘very fortunate’ as Trump’s Iran war pushes gas price near $4.50 a gallon – key US politics stories from Tuesday, 5 May at a glance

The Guardian - US

The 10 British towns and cities most affected by rising energy costs

The price of energy has risen since as a result of the war in Iran and the closure of the Strait of Hormuz

The Independent UK

Teslas And Hybrids Were Some Of The Fastest-Selling Used Cars In March

Want to buy a used EV or hybrid to battle high gas prices? You may need to act fast as fuel efficient cars fly off of dealer lots.

InsideEVs

Car Maintenance Mistakes Could Be Costing You Up to 10% in Fuel Economy

Gas prices might rise and fall, but one thing stays constant—drivers hate wasting money at the pump. What stings even more? Losing fuel efficiency because of simple, avoidable maintenance mistakes. Many vehicles quietly burn more fuel than necessary, not because of age or design, but because of overlooked basics that…

Clever Dude

Seth Meyers on Trump’s poll ratings: ‘His disapproval is higher than Covid and January 6’

Late-night hosts discussed Trump’s disapproval ratings hitting a record high and the closure of Spirit Airlines

The Guardian - US

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Roll Call

Trump shrugs off high gas prices, creating political headwinds for GOP

President Donald Trump has mostly shrugged off rising gasoline prices since his conflict with Iran began over two months ago, giving Republicans political heartburn ahead of the midterm elections as prices are up again this week amid new tensions over the Strait of Hormuz. As gas prices continue to tick…

The Independent UK

Filling up the gas tank of America’s most popular cars just got more expensive. Here’s by how much

Trump administration insists prices will drop whenever Iran war ends

The Guardian - US

‘We’re a perfect example of being lied to’: Democrats vie to flip Ohio in a battle for trust

Trump’s war in Iran and gas prices dominate messaging as state prepares for special election to fill Senate seat

The Independent UK

Trump’s approval ratings plummet amid Iran war and sky-high gas prices, poll finds

A new poll found that 66 percent of Americans disapprove of Trump’s handling of the Iran war

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news in one place.

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The Independent UK

Chevron CEO warns Trump’s oil crisis could get even worse

Two in three Americans blame Trump for high gas prices, according to Quinnipiac poll

The Independent UK

Here’s how Americans say they are dealing with record-breaking gas prices

IN FULL

The Independent UK

Nearly half of Americans say they are cutting daily expenses to deal with spiking gas prices from Trump’s Iran war

Americans are pulling back on household expenses, altering travel plans and driving less as a result, the poll found

Saving Advice

$100 Oil Shock: 3 Ways This Week’s Price Spike Could Hit Your Retirement Budget Fast

If you’ve noticed gas prices climbing again, you’re not imagining it, and it’s not just about what you pay at the pump. Recent global tensions...

The Independent UK

Gas prices jumped 9 cents overnight. These states have the highest cost per gallon

Prices around the country soared this week, with one state eclipsing $6 per gallon

The Independent UK

US fast-food chain launching a new loyalty program after drop in customers due to Iran war

Wingstop's CEO, Michael Skipworth, attributed an 8.7 percent decline in first-quarter same-restaurant sales to rising gas prices caused by the war in Iran.

Fortune

Current price of oil as of May 1, 2026

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

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