Tag: Gas Prices
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Gas Is Under $4. Diesel Prices Are Still Stuck Above $6.
Regular gas fell to $3.995 a gallon, its first reading under $4 since July. Diesel prices are still $6.13, and diesel’s premium over gas just hit a record. U.S. diesel stocks are at their lowest late-October level on record. Tax holidays, export bans and Russian barrels won’t fix a supply shortage. More American refining and…
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Iran Says It Can Reopen Hormuz in Two Days. Read the Fine Print.
Iran says it can reopen the Strait of Hormuz in two days if Washington meets its demands. The timeline got shorter, but the demands did not. Here is the catch, why peace through strength still matters, and what it means for your gas tank.
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Exxon Doubled Its Profits. A Windfall Tax Won’t Lower Your Gas Bill.
Exxon doubled its quarterly profit to $15.4 billion and Chevron earned $9.9 billion, and Democrats want a windfall profits tax. America tried that in 1980. It raised a fraction of what was promised and may have cut US oil output. The fix is more supply.
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Bombs on a Tanker Hull in Hormuz. Now Trump Has to Decide.
A small boat attached two explosive devices to a tanker’s hull in the Strait of Hormuz, a new tactic in the eight-month Iran conflict. A Saudi-led coalition says it downed a Houthi drone near Mecca, and CENTCOM briefed Trump on Iran options. Here’s what it means for his decision and your gas prices.
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Gas Fell 21 Cents. Consumer Confidence Jumped. Washington, Take the Hint.
Consumer confidence jumped 7.5 points to 91.7 in October, and the Conference Board tied the rebound to easing gas prices. But families still expect 5.8% inflation and plan to spend less. Here’s what the survey says about your wallet, and why more American energy and less federal borrowing matter.
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Inflation Is Back at 3.7%. The Fed Can’t Blink for the Election.
Inflation is back at 3.7%, wages are falling behind, and the Fed decides on rates Oct. 28, six days before the election. Why a hold is defensible, why the message matters more, and where the real fix lies.
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Oil Just Hit $117. Iran Is Betting You’ll Blame Washington.
Brent crude briefly topped $117 after Iran claimed hits on seven tankers in Hormuz. Tehran is using the gas pump as a weapon two weeks before Election Day.
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Trump Just Drafted American Oil Into National Defense
Trump signed a memo using the Defense Production Act to boost U.S. oil production, refining, and pipelines. Here’s what it does and what to watch.
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