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Iran War Pushes Global Fuel Prices Higher
energy20 days ago

Iran War Pushes Global Fuel Prices Higher

Rising fuel prices driven by the Iran war are lifting costs worldwide, squeezing consumers and stretched budgets in both rich and developing countries, with crude markets and Ukrainian strikes pushing diesel and gasoline higher and governments weighing caps, subsidies, or demand-reduction measures. The IMF warns that many relief steps lack clear expiration dates or fiscal cost estimates, while nations from Kenya to Pakistan face inflation and debt pressures as they navigate the shock with no near resolution in sight.

via Axios|
#energy#fuel-prices#gasoline
Gasoline spike keeps U.S. inflation hotter in August
economy28 days ago

Gasoline spike keeps U.S. inflation hotter in August

U.S. consumer prices rose 0.4% in August, with the core CPI up 0.3%, leaving annual inflation at 3.4%. A sharp 3.9% jump in gasoline prices helped drive the monthly increase, while food costs were largely flat. Core inflation remains elevated at about 2.4% year over year, and the report fed bets that the Federal Reserve will raise rates next week, with markets pricing roughly a 90% likelihood of a move. Economists also note potential methodological changes in the upcoming PCE inflation release that could nudge core inflation lower by a few basis points.

via Yahoo Finance|
#august#cpi#economy
Hedge Funds Bet Big on Fuels Amid U.S. Supply Crunch
energy1 month ago

Hedge Funds Bet Big on Fuels Amid U.S. Supply Crunch

Funds have turned bullish on fuels as a U.S. supply squeeze tightens markets, with hedge funds holding a net long of about 177 million barrels in gasoline and diesel as of Sept. 1. Diesel prices have surged above $5.90/gal and gasoline around $4.15/gal, while inventories remain tight and refinery maintenance looms. Disruptions to Middle East and Russian flows, plus fewer U.S. refiners, suggest relief is unlikely and fuel markets may stay tight as Brent nears $100 and WTI sits in the low-to-mid $90s.

via Crude Oil Prices Today | OilPrice.com|
#diesel#energy#fuels
Iran hikes gasoline prices for heavy users as economy tightens
world1 month ago

Iran hikes gasoline prices for heavy users as economy tightens

Iran rolled out a second gasoline-price hike this year, charging the heaviest users about 100,000 rials per liter (about 7 cents) for more than 110 liters a month, affecting roughly 15% of consumers. Officials say the extra revenue will go to households, even as the rial weakens, inflation runs around 67%, and domestic consumption hits record levels, potentially fueling further price pressures.

via NBC News|
#economy#gasoline#inflation
Lawsuit Alleges Unpaid Fuel Linked to Trump-Praised Discount Network
business1 month ago

Lawsuit Alleges Unpaid Fuel Linked to Trump-Praised Discount Network

A federal lawsuit claims Mansfield Oil is seeking about $4 million for roughly 1.1 million gallons of gasoline purchased by KRSM/Syed Kazmi, with some of the fuel allegedly sold to Freedom Fuel Network stations; the network had drawn national attention after President Trump praised its July discounted prices. KRSM disputes the allegations as an invoicing/pricing dispute and the suit does not name Freedom Fuel as a defendant. A judge ordered KRSM to maintain at least $2.75 million in a bank account, and several Freedom Fuel locations in New Jersey are reportedly managed by Shamikh Kazmi; the White House says it has had no contact with the defendants, and Freedom Fuel Network did not comment.

via CNBC|
#business#freedomfuelnetwork#gasoline
Russia turns to Indian gasoline as war disrupts its refineries
world1 month ago

Russia turns to Indian gasoline as war disrupts its refineries

Russia has begun importing gasoline from India after Ukrainian strikes damaged refineries and depots, with Moscow imposing purchase limits and seeking additional imports from Belarus and Kazakhstan; Ukraine reports missile strikes on Kyiv and other cities, while broader war-related and political developments continue—including a corruption probe in Ukraine, Nord Stream investigations, and ongoing prisoner exchanges alongside a UN aid mission to Kherson.

via The Guardian|
#gasoline#imports#india
Iran weighs gasoline rationing as fuel deficit widens
economy-and-environment1 month ago

Iran weighs gasoline rationing as fuel deficit widens

Iran is weighing three gasoline-rationing options to curb consumption as a daily shortfall grows beyond production (about 121 million liters) and demand (about 135 million), driven by war damage and import hurdles: cap station supplies at 121 million liters per day, impose stricter vehicle quotas with market-rate top-ups, or shift quotas to individuals (roughly 30 liters per person per month) while reserving some for public transport; no immediate subsidized-price changes have been announced, and a halted Kerman test underscores political risk. If production cannot rise, the deficit could widen to around 70 million liters per day within three years, implying costly investments and ongoing policy battles between hardliners and reformists.

via Iran International|
#economy-and-environment#energy-policy#gasoline
Mid-August gas shock hits wallets as prices surge to fresh highs
oil-gas-and-consumable-fuels1 month ago

Mid-August gas shock hits wallets as prices surge to fresh highs

Gasoline prices rose to a mid-August high, with the national regular-gas average at $4.03/gal (AAA), about 16 cents higher than a month ago, and 103 days this year at or above $4.00—the most since 2022. WTI near $82/bbl and Brent near $88, keeping prices volatile amid tensions over the Strait of Hormuz and attacks in the Red Sea. The July gasoline index fell 2.9% from June but remains up about 24.6% year over year; analysts say pump prices could stay elevated into fall, potentially $3.60–$3.90/gal if hurricanes stay away.

via Yahoo Finance|
#gas-prices#gasoline#inflation
July inflation cools in the US as food and energy costs ease
business1 month ago

July inflation cools in the US as food and energy costs ease

US inflation eased in July, rising 3.4% from a year earlier (down from 3.5% in June) with a 0.1% monthly increase driven mainly by housing costs. Gasoline prices fell 2.9% from June but were up 24.6% year over year, while food prices rose only modestly and energy prices fell. Core inflation excluding food and energy rose 0.2%. Analysts say inflation is decelerating rather than rebounding, keeping the Federal Reserve on a cautious path, with markets largely calm as expectations align with steady rates. The report notes energy volatility and rent effects on the headline figure, underscoring the ongoing challenge for price stability.)

via BBC|
#business#energy-prices#fed-policy
Gas price relief hints at modest July CPI gain, inflation still above target
economy1 month ago

Gas price relief hints at modest July CPI gain, inflation still above target

July US consumer prices likely rose modestly as gasoline costs eased, with the CPI seen up about 0.1% for the month and roughly 3.4% higher year over year; core CPI is expected to rise 0.2% month-over-month (about 2.5% YoY). The softer energy backdrop, including gasoline around $4.06/gal in July, keeps inflation above the Fed’s 2% target and maintains debate over potential rate moves later this year.

via Yahoo Finance|
#cpi#economy#fed
Refining bottleneck turns oil surplus into a gasoline crisis
business2 months ago

Refining bottleneck turns oil surplus into a gasoline crisis

Despite ample crude supply, the global risk now lies in refining capacity for fuels like gasoline. War-related damage to refineries, strikes, and production shifts have constrained processing, with global refineries output about 8.4 million barrels per day below prewar levels. China’s reduced refinery activity, U.S. and Russia energy moves, and ongoing Hormuz traffic disruptions mean gasoline and diesel shortages persist even as crude can flow to where it’s needed, keeping fuel prices higher for longer.

via CNN|
#business#gasoline#iran
Ukraine strikes push Russia’s gasoline crunch into a market squeeze, data shows
business3 months ago

Ukraine strikes push Russia’s gasoline crunch into a market squeeze, data shows

Meduza analyzes SPIMEX trading data from January–early July 2026 to quantify Russia’s gasoline shortage driven by Ukrainian strikes on refineries. About 35 refineries are operating of 39 commissioned; strikes damaged primary processing units, sharply reducing delivery-base volumes (e.g., Moscow ~4,400–400 tons/day; Taneco ~56% drop; Norsi ~63%; Kinef ~80%), while overall exchange volumes for gasoline and diesel fell from ~118–150k tons/day early 2026 to ~80k in June and prices rose about 146% from January. Russia has begun importing gasoline (at least 60,000 tons from India) and is tightening export restrictions; the exchange quota was cut from 15% to 10% in July 2026. Repairs are slow due to sanctions and parts shortages, and the crisis shows no immediate end.

via Meduza|
#business#gasoline#refineries
U.S. drivers fuel growth as global oil demand cools
business3 months ago

U.S. drivers fuel growth as global oil demand cools

Global oil demand is easing, but U.S. gasoline consumption rose in the second quarter, even as pump prices exceed $4.50 per gallon. Analysts say driving remains strong in the U.S. due to a shrinking share of household income spent on fuel and more people returning to in-office work, while refinery damage in Russia and the Middle East helps keep refined-product prices high.

via AP News|
#business#gas-prices#gasoline