gas
Gas prices aren’t just causing headaches at the pump — they’re also worsening a growing economic divide. Loading audio narration… A new report from the Federal Reserve Bank of New York finds that spending on gas mirrors — and deepens — the chasm between America’s higher and lower earners. While…
Consumers are in for a rude awakening from the what one expert is calling the second wave of inflation caused by the Iran war.The impact of the war on consumers’ wallets has been relatively limited, with inflationary pressures showing up in high gas prices and pricier flights. Market watchers warn…
General Motors is making a fresh $340 million investment in its US plants. Loading audio narration… The latest investments will help ramp up production of gas-powered vehicle components amid a nationwide slowdown in demand for EVs. They’ll go toward two propulsion facilities — in Romulus, Michigan, and Toledo, Ohio —…
Americans are feeling despondent about gas. Loading audio narration… It’s a dour time for consumers — in April, the University of Michigan’s Consumer Sentiment Index, which surveys consumers on how they feel about current and future economic conditions, hit an all-time low.It turns out that one small (or not-so-small) number…
“Hey, I’m Bobby from Gas Index, I’m an AI. What’s regular goin’ for today?” Loading audio narration… “Say it again?” an attendant from Manhattan responded — before telling the bot the sign above the station was flashing a $3.89 price for a gallon of regular.”Perfect, thanks,” Bobby said before hanging…
Crude futures are tumbling thanks to the US-Iran ceasefire, but don’t expect the price of a tank of gas to plunge overnight. Loading audio narration… West Texas Intermediate futures for May fell about 16% to below $95 a barrel early Wednesday, as investors cheered President Trump’s two-week truce with Iran.Wholesale…
BYD’s global expansion was already accelerating. Now, it’s getting a new shot in the arm: high global gas prices. Loading audio narration… Executives at the Chinese automaker, which overtook Tesla as the world’s most popular EV seller in 2025, said on Monday it is “highly confident” it will hit or…
Americans are feeling the effects of the ongoing war in Iran at the gas pump.Since the conflict started at the end of February, gas prices have been rising across the US, with a gallon of gas surpassing $3 in all 50 states for the first time since 2023. A dozen…
Uber, Lyft, and DoorDash are rolling out new incentives as surging gas prices hit the gig economy where it hurts. Loading audio narration… The three companies have introduced expanded discounts and cashback schemes over the past few days, as drivers and delivery workers have said they’re getting more selective about the routes…
Iran’s blockade of the Strait of Hormuz, through which a quarter of global seaborne oil and a fifth of global liquefied natural gas is shipped, has had sweeping implications worldwide.Rising gas prices amid the Iran war have sparked panic-buying lines and shortages at gas pumps. Other supply chains, such as fertilizer and seafood,…
