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The Latest Breaking News from Gas Prices

Gas prices hit their highest mark ever for mid August as Trump’s Iran war drags on

Gas prices have hit a historic high as the president insists that the U.S. is in control of the Strait of Hormuz and has crippled Iran’s military

The Independent UK · Aug 12

The Trump Administration's Hormuz Oil Numbers Don't Add Up

Energy Secretary Chris Wright claims that more oil left the Middle East in a day than before the war. But the industry isn’t buying it—and gas prices are still high.

Reason · Aug 12

Inflation slowed last month as gas prices fell but costs remain elevated

Cost increases continue to outpace average wage growth, maintaining financial pressure on American households managing higher bills for groceries, fuel, and healthcare

The Independent UK · Aug 12

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Nat-Gas Prices Slip on the Outlook for Robust US Storage

September Nymex natural gas (NGU26 ) closed down -0.027 (-0.97%) on Tuesday. Nat-gas prices fell from a 2-week high on Tuesday and settled lower. Gas prices gave up early gains and turned lower on Tuesday after the US Energy Information Administration (EIA) projected US nat-gas storage levels to swell to...

Barchart · Aug 11

Trump extends Jones Act waiver with some limitations, White House official says

US President Donald Trump has approved a Jones Act waiver extension. This waiver aims to reduce gas prices by increasing shipping flexibility. The Jones Act requires U.S.-built ships and American crews for domestic cargo. The approved extension includes specific limitations on its application. This decision addresses transport bottlenecks and shipping…

The Economic Times · Aug 10

Analyst Warns Iran’s Push for ‘Concessions’ Puts Hormuz Agreement at Risk, Says Gas Prices Could Rise Again—Expects US Oil Reserves to Stay Above 275 Million Barrels

GasBuddy analyst Patrick De Haan has warned that Iran’s demands for concessions from the U.S. over the Strait of Hormuz‘s reopening risk sending oil and gas prices climbing again as tensions continue between Washington and Tehran.

Benzinga · Aug 10

Natural gas loses momentum despite geopolitical risks: Will prices recover?

Natural gas prices remain subdued despite Middle East tensions, as abundant U.S. production, rising LNG supplies and healthy inventories outweigh geopolitical concerns. Weather-driven demand has also weakened following the winter rally. While near-term prices may remain rangebound, growing LNG exports, Asian demand, power generation and natural gas’s role in the…

The Economic Times · Aug 8

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New LPG subsidy strains fuel fund

The Energy Ministry has announced an increase in the subsidy for liquefied petroleum gas (LPG) to keep domestic cooking gas prices unchanged, though the move adds financial pressure on the state Oil Fuel Fund.

Bangkok Post · Aug 7

'You Can't Afford to Breathe': Trump Voter Brought to Tears Over Gas Prices as President Claims Golden Age

A Trump voter emotionally describes her struggle with rising petrol costs, highlighting a disconnect between her experience and the president's optimistic economic claims.

International Business Times UK · Aug 7

Current price of oil as of Aug. 7, 2026

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

Fortune · Aug 7

4 Oil and Gas ETF Plays as Prices Stay Sky-High

With oil and gas prices elevated amid the Iran conflict, investors can consider ETFs like UGA, USOY, OILU, and PXJ, each offering distinct risk levels and strategies for energy exposure.

MarketBeat · Aug 6

Drought and the war in Ukraine changed what families in Kenya could afford to eat – research tracked food and cooking gas use

Russia’s invasion of Ukraine in February 2022 had an almost immediate impact on global energy markets and the movement of food around the world. During the first year of the conflict, international crude oil and natural gas prices rose sharply. Disruptions to exports of wheat, maize, sunflower oil and fertilisers…

The Conversation · Aug 5

Chuck Schumer Says Iran War a 'Gift' to Trump's 'Big Oil' Friends Who Bankrolled His Campaign: 'One Promise He Actually Delivered On' (CORRECTED)

Editor’s Note: The headline of this story has been updated to correct an error in the original version.

Benzinga · Aug 4

Average Gas Prices Remain Above $4. Trump Is Again Calling On Major Gas Companies To Lower Prices

Average gas prices continue above $4 a gallon in the U.S., according to AAA.

International Business Times · Aug 3

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Barchart · Aug 3

Chevron Stock Moves Higher on Strong Results -Shorting CVX Puts and Calls Works Here

Chevron stock rose Friday on strong Q2 results. If oil and gas prices stay elevated, CVX stock could be undervalued. Shorting out-of-the-money CVX puts and calls is an attractive play here.

The National (Scotland) · Aug 3

Scots shouldering extra £25m every week amid war in the Middle East

SCOTS are shouldering £25 million in extra costs for every week that the war in the Middle East continues, according to new analysis ...

International Business Times · Jul 31

Economic Uncertainty Persists As Stocks Whipsaw And The Iran War Flares Up Again. Consumer Sentiment Improved Still

Consumer sentiment improved for the second month in a row in July even though gas prices climbed again as the war between the U.S. and Iran flares up.

Fortune · Jul 31

Current price of oil as of July 31, 2026

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

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news in one place.

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Benzinga · Jul 31

Robert Reich Says Americans Are 'Getting Charged Twice' as Trump's Iran War Raises Gas Prices, Boosts Big Oil Profits

Economist Robert Reich says the ongoing Iran war, which has induced sharp hikes in gas prices across the U.S., has handed a boost to the oil industry’s profits, slamming President Donald Trump‘s pro-oil stance.

The Independent UK · Jul 30

Shell’s profits have more than doubled while Americans keep paying more at the gas pump

‘When wars make oil companies richer, something’s seriously messed up in the world,’ one social media user noted

Benzinga · Jul 30

Adam Schiff Hits Sable Offshore Over Oil Spill Risk, Then Blasts Trump's Washington Airport Makeover as Gas Prices Climb: 'Cost Is No Object...'

Sen. Adam Schiff (D-CA) accused Sable Offshore Corp. (NYSE:SOC) of risking causing another oil spill following the 2015 oil spill that led to the California pipeline’s shutdown and caused significant damage to the ecosystem.

The Guardian - UK · Jul 30

Shell’s profits more than double after jump in oil and gas prices

Environmentalists renew calls for windfall tax to support households after Q2 earnings rise to almost $10bn

The Economic Times · Jul 29

CNN SSRS Poll: Trump's approval ratings crash to one of the lowest in his political journey, why?

CNN SSRS Poll: President Trump's approval rating has fallen to a career low of thirty-four percent. Americans are increasingly dissatisfied with his handling of the Iran war and economic issues. A record seventy-three percent believe he ignores the nation's most important problems. His approval among Republicans has also weakened significantly,…

Benzinga · Jul 29

Top Analyst Predicts Gas Prices Are About to Hit a Record High By This Date— And Iran's Latest Missile Attack Won't Help

Patrick De Haan warned U.S. gasoline prices could stay above $4 per gallon beyond August 8 for the first time on record, calling the potential milestone concerning.

The Independent UK · Jul 28

Americans’ confidence in the economy falls as worries over food and grocery prices grow

As fighting in the Middle East escalated, the average price of a gallon of gas in the U.S. started to rise again

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