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gasoline and diesel usage and pricing

UK inflation jumps as Mideast war propels energy prices

UK inflation jumps as Mideast war propels energy prices

Britain's annual inflation rate jumped to 3.3 percent in March as the Middle East war sent oil and gas prices surging, official data showed Wednesday. The Consumer Prices Index (CPI) increased from 3.0 percent in the 12 months to February, the Office for National Statistics said

Mideast war lights fire under energy transition plans

Mideast war lights fire under energy transition plans

Painful surges in oil prices are spurring countries to quickly rethink how to reduce dependence on fossil fuels, as shortage risks from war in the Middle East grow greater by the day. Britain's government on Tuesday was the latest to unveil its plans, vowing to "massively expand

America's motor fuel prices up, still below rest of the world

(The Center Square) – American prices for transportation fuels gasoline and diesel remained at four-year highs on Tuesday as the war with Iran moved into the 53rd day and the Strait of Hormuz remained mostly closed to vessel traffic. The national average price of a gallon of unleaded regular gasoline

US official says gas prices have peaked despite Iran war

US official says gas prices have peaked despite Iran war

US Energy Secretary Chris Wright said Tuesday that gasoline prices appeared to have peaked after a surge linked to the Iran war -- a marked shift in tone a day after President Donald Trump publicly rebuked his earlier, more cautious outlook. "I don't know the future of energy

Iran economic fallout is temporary, Hassett says

(The Center Square) – The economic fallout of the U.S. conflict in Iran will be temporary, National Economic Council Director Kevin Hassett said on Wednesday. Hassett touted the Trump administration’s policies to reduce prices for items like eggs and said the economy can bounce back from a temporary increase

U.S. considers gas tax holiday as Canada moves ahead

(The Center Square) – Americans could soon pay more at the pump as the U.S.-Iran conflict disrupts oil markets, while lawmakers debate suspending the federal gas tax, a move Canada has just taken. Similar plans have been discussed in the U.S., but have yet to advance. In early

Germany unveils 1.6 bn euro fuel price relief to tackle energy shock

Germany unveils 1.6 bn euro fuel price relief to tackle energy shock

Germany on Monday unveiled 1.6 billion euros ($1.9 billion) in fuel price relief for households and businesses struggling with the energy shock unleashed by the Middle East war. The announcement came after oil prices surged again following the collapse of US-Iran peace talks and US President Donald