The Latest Breaking News from Gas Prices

Inflation May Be Cooling, But Many Workers Still Aren't Feeling Richer. Salaries' Data Show Why

Lower gas prices helped ease inflation in June, but many Americans say rising costs for housing, food and other essentials continue to strain household budgets.

International Business Times · Jul 16

Mohamed El-Erian Predicts Gas Prices Will Hit $4 a Gallon by the End of the Month as GOP Blames Democrats' Clean Energy Strategy

Economist Mohamed El-Erian has warned that the national average price of gas in the U.S. will hit $4/gallon by the end of July amid escalations between the U.S. and Iran, as well as uncertainty over the Strait of Hormuz.

Benzinga · Jul 15

Trump's Strait of Hormuz Blockade Could Push Oil Higher, Gas Prices Could Reach $4 a Gallon, Analyst Says

GasBuddy analyst Patrick De Haan on Monday cautioned against gas prices in the U.S. likely spiking as tensions between Washington and Tehran escalate over the Strait of Hormuz.

Benzinga · Jul 14

US gas prices see their biggest one-day jump in months as Iran war spooks market

Gas prices began to decline steadily after the U.S. and Iran agreed to the Memorandum of Understanding in June

The Independent UK · Jul 9

White House Promotes ‘Freedom Fuel’ Gas Stations Offering $3.47 Gas As Trump Pushes Retailers to Cut Prices

The White House promoted the launch of 25 "Freedom Fuel" gas stations in Pennsylvania and New Jersey this week, framing the privately run network as a cheaper option for drivers amid elevated fuel prices during the summer travel season.

Benzinga · Jul 9

Oil Surges Again as US-Iran War Escalates: Top Economist Justin Wolfers Explains the ‘Hidden Pattern’ Driving Gas Prices

Fresh military strikes in the Middle East have shattered a fragile ceasefire, sending crude oil prices surging and guaranteeing an immediate spike in fuel costs. This rapid increase, contrasted with sluggish price drops during periods of relief, is driven by a “hidden pattern” that economists have long tracked.

Benzinga · Jul 9

The Sindex: Gas Prices Rose 29% in 2 Months After Trump Went to War With Iran

The Reason Sindex tracks the price of vice: smoking, drinking, snacking, traveling, and more.

Reason · Jul 9

Hakeem Jeffries Slams Trump Over Iran 'Ceasefire' Collapse—Patty Murray Says Gas Prices Are Surging Again: 'What a Total Failure…'

Democratic Party lawmakers, including House Minority Leader Hakeem Jeffries, have criticized President Donald Trump as tensions escalate with Iran and gas prices surge.

Benzinga · Jul 9

Fuel prices got so high that people stopped going to the drive-thru as much: report

Even the likes of the Big Mac and Whopper didn’t stand a chance against soaring gas prices, with fast-food drive-thru customers falling 6.8 percent in May, according to research from data analysis firm Placer.ai.

The Independent UK · Jul 6

Gary Black Says Tesla's Q2 Delivery Beat Was Fueled by Iran War-Driven Gas Price Spike, Expects TSLA to Rebound Ahead of Earnings

Investor Gary Black of The Future Fund LLC has reiterated that Tesla Inc.‘s (NASDAQ:TSLA) second-quarter 2026 delivery beat came due to elevated gas prices amid the war in Iran.

Benzinga · Jul 6