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Gasoline Costs

All articles tagged with #gasoline costs

markets1 hour ago•130 min saved

Tech Sell-Off Drags US Markets as Oil Spikes on Middle East Tensions

US stock markets are under pressure from a prolonged decline in the technology sector, even as oil prices surge due to geopolitical risks. Brent crude jumped 3.7% to $109.86 per barrel, its first time above $100 since July, driven by concerns over oil flows in the Strait of Hormuz and Middle East instability. This spike has pushed the national average gasoline price to $4.33 per gallon, up sharply from $3.06 a year ago. The tech sector's weakness continues to weigh on broader market performance, reflecting ongoing investor caution.

via AP News|

#gasoline-costs #markets #middle-east

business2 days ago•2 min saved

Oil Jumps Past $105 as Houthi Strikes Kill 13 in Riyadh and Ukraine Denies Ceasefire

Brent crude surged past $106 per barrel on October 12, 2026, driven by a deadly Houthi attack on a Riyadh airport and disputes over a Russia-Ukraine energy ceasefire. The strike killed at least 13 people and prompted major oil executives to cancel attendance at a Saudi energy conference. Simultaneously, Ukrainian President Volodymyr Zelensky accused Russia of continuing attacks on energy facilities, contradicting President Trump’s announcement of a truce. US gasoline prices remain above $4 per gallon, while Hurricane Isaias forces production shutdowns on the Gulf Coast, further tightening global supply.

via New York Post|

#business #gasoline-costs #houthi-attacks

energy-and-markets1 month ago•1 min saved

Oil Rebounds to Six-Week Highs as Hormuz Strikes Escalate

Brent crude has rebounded toward $100 per barrel, while West Texas Intermediate trades above $93, marking a six-week high. This surge follows fresh attacks on Saudi Aramco facilities and US strikes on Iranian tankers in the Strait of Hormuz. US gasoline prices have exceeded $4 per gallon, hitting a record high for the Labor Day holiday. Meanwhile, European AI firm Mistral raised $3.5 billion at a $24 billion valuation, and Canadian tariffs on US goods took effect.

via CNBC|

#energy-and-markets #gasoline-costs #mistral-ai