gas prices

Michigan gas prices surge to $4.86/gallon amid BP refinery outage, creating regional supply crisis beyond Iran-related global pressures.

Rising gas prices from Iran tensions could boost 2027 Social Security COLA to 4%, highest since 2023, though retirees face immediate inflation pressures.

Rising fuel prices pressure consumer discretionary spending, but Chipotle and Home Depot offer attractive valuations despite near-term headwinds.

Used EV sales jumped 28% in March 2026 as $4.45 gasoline prices fueled demand. Over 44% of sales were sub-$25,000 models. Tesla vehicles dominated in value retention and Q1 sales.

U.S. gasoline prices surge 61% to $4.43/gallon since December, driven by Iran tensions and Strait of Hormuz uncertainty. Crude briefly hit $126/barrel, prompting Fed to signal potential June rate hikes.

Iran tensions drive oil to $96/barrel and gas to $4.23/gallon nationally, creating windfall profits for $CVX and $OXY through elevated crude prices and shareholder returns.

Americans paid $10.53 billion more for gas amid Iran tensions. Democrats blame Trump; national average hit $4.093/gallon.

Illinois Governor Pritzker urges year-round E15 fuel to lower gas prices amid Middle East tensions, as ethanol-blended fuel sales surge 23% despite trade-offs including lower fuel economy.

Bank of America analysis shows gas price spikes accelerate pizza QSR spending to 7.8% versus 5.1% average, as consumers maintain driving but trade down from casual dining.

Illinois Governor Pritzker criticizes Trump over surging gas ($4.11/gallon) and food prices driven by Iran conflict disrupting fertilizer supplies and oil markets.

California Governor Newsom criticizes Trump's Iran policy as gas prices spike to $4.06 nationally, crude oil exceeds $104/barrel, and broader inflation pressures intensify.

U.S. EV sales plunged 28% in Q1 2026, but Tesla captured over 50% market share despite the sector-wide collapse, signaling strong competitive advantages.

Gasoline prices nearly double Trump's $2 pledge amid Iran conflict, boosting energy stocks. SM Energy and PBF Energy surge on refining margins.

Gasoline surged to $3.98/gallon and jet fuel jumped 69% as U.S.-Iran tensions escalate. Senator Warren criticizes Trump's approach amid economic fallout.

Sen. Warren criticizes Trump over $400M White House renovation while gas prices surge 27% amid Iran tensions. Diesel exceeds $5 nationwide, costing Americans $1.5 billion in excess fuel costs.

California Governor Newsom criticizes surging gas prices hitting $3.70 nationally, $5.51 statewide, costing Americans $1.5B extra weekly amid Iran conflict.

Higher gas prices may temporarily boost EV interest, but sustained adoption requires resolving upfront costs, charging infrastructure gaps, and model availability—challenges that price spikes alone cannot fix.

Crude oil climbs to $120/barrel amid Middle East tensions, pushing national gasoline to $3.54/gallon. Higher fuel costs threaten consumer spending and intensify inflationary pressures across the economy.