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The Latest Breaking News from Gas Prices

Though gas prices dropped by a cent last week experts warn another spike could be coming ahead of Memorial Day

Oil markets are sensitive to the ever-shifting geopolitical tensions between the US and Iran, thus making gas prices volatile

The Independent UK

Trump’s trip to China doesn’t move the needle on low approval ratings

President Donald Trump returned from China with few concrete wins, and his refusal to owe Xi Jinping a favor in return for the Chinese president’s help reopening the Strait of Hormuz highlights his lack of a plan to ease Republicans’ gas prices concerns as Democrats hammer his 79-day-old conflict. After…

Roll Call

The Iran war is now changing your Social Security check; here's the new 2027 COLA number

Social Security COLA update 2027: Gas prices in America have surged above $4.10 per gallon, up sharply from $3.17 last year, and the impact is now reaching Social Security checks. The latest inflation spike, fueled by global oil tensions and the Iran conflict, is increasing pressure on millions of retirees…

The Economic Times

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Lindsey Graham rants about Churchill and Nazis when asked to defend Trump’s comments on Americans’ finances

Graham compares Trump to Winston Churchill amid the war in Iran causing gas prices to spike

The Independent UK

India must push solar, grid reforms to navigate oil price rise: Ex-NITI Aayog member Arvind Virmani

The Economic Times

3 Stocks to Own If Gas Prices Keep Rising

With gas prices topping $4.50 per gallon, Par Pacific, Diamondback Energy, and Scorpio Tankers are positioned to benefit from rising energy costs.

MarketBeat

Major Auto-Insurance Rule Changes in 2026: Could Your Premium Jump? Here’s the State-by-State Breakdown

Gas prices already spark enough road rage, but 2026 is delivering another expensive surprise straight to American drivers’ wallets. States across the country continue rewriting auto-insurance rules, raising minimum coverage requirements, tightening claim regulations, and forcing insurers to recalculate risk in ways that could hit monthly premiums hard. Drivers who…

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Iranian Hackers May have Infiltrated Into US Gas Station Systems: Report

Gaining access to automatic tank gauge (ATG) systems may result in a hacker exploiting the system to cause detection of gas leaks go unnoticed

International Business Times

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’

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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

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

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MarketBeat

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

Roll Call

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…

The Independent UK

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

Euronews

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.

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The Economic Times

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 Conversation

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…

Roll Call

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,…

The Economic Times

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 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

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