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The Latest Breaking News from Gas Prices

Hakeem Jeffries Slams Trump Over Iran 'Ceasefire' Collapse—Patty Murray Says Gas Prices Are Surging Again: 'What a Total Failure…'

Democratic Party lawmakers, including House Minority Leader Hakeem Jeffries, have criticized President Donald Trump as tensions escalate with Iran and gas prices surge.

Benzinga

Fuel prices got so high that people stopped going to the drive-thru as much: report

Even the likes of the Big Mac and Whopper didn’t stand a chance against soaring gas prices, with fast-food drive-thru customers falling 6.8 percent in May, according to research from data analysis firm Placer.ai.

The Independent UK

Gary Black Says Tesla's Q2 Delivery Beat Was Fueled by Iran War-Driven Gas Price Spike, Expects TSLA to Rebound Ahead of Earnings

Investor Gary Black of The Future Fund LLC has reiterated that Tesla Inc.‘s (NASDAQ:TSLA) second-quarter 2026 delivery beat came due to elevated gas prices amid the war in Iran.

Benzinga

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Gavin Newsom Slams Chevron, Says Gas Prices Still 'Elevated' Due to Trump's 'Reckless' Iran War: 'Skip the Brand Names'

Gov. Gavin Newsom (D-CA) has reaffirmed his call to snub energy giant Chevron Corp‘s (NYSE:CVX) gas stations, accusing oil companies of profiting from high costs as ordinary Americans continue paying more at the pump amid the Iran war.

Benzinga

Why the Current Selloff in Big Tech Stocks Is a Springboard for a New Rally

The recent Big Tech correction is a healthy reset, not a market crash. Big Tech capex remains the S&P 500's core engine. With falling gas prices driving down headline CPI and an impending dovish Fed pivot, current market levels offer an ideal entry point for a new historic rally.

Barchart

Trump Administration Ramps Up Pressure on Oil Industry As Federal Agencies Push States to Investigate Elevated Gas Prices

On Friday, the Donald Trump administration intensified its scrutiny of the petroleum industry by urging state officials to investigate whether oil companies or fuel retailers are unlawfully keeping gasoline prices elevated despite falling crude oil costs.

Benzinga

Ross Gerber Says Tesla's Stock Decline Renews Focus on Other Challenges for Elon Musk: 'They Make Just 3 Models'

Although Tesla Inc.‘s (NASDAQ:TSLA) second-quarter delivery figures massively exceeded Wall Street estimates, the EV giant’s stock sharply declined despite the positive sales milestone and investor Ross Gerber thinks that is the least of Tesla’s problems.

Benzinga

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'Happy Birthday': Ahead of July 4, Trump says he delivered his promise on 'plummeting' oil prices

Former President Donald Trump announced that the Freedom Fuel Network will slash gas prices at 25 Philadelphia-area stations on July 3rd as a "Happy Birthday" gift ahead of America's 250th anniversary. He highlighted falling oil prices, urging other retailers to follow suit and linking the move to his economic agenda.…

The Times of India

Trump Says This 'Very Smart' Retailer Will Cut Gas Prices in the Northeast, Urges Others to Follow: 'They Love the U.S.A'

President Donald Trump reaffirmed his call for lower gas prices following a decline in global oil costs, noting that the Freedom Fuel Network will lower gas prices in the Greater Philadelphia area ahead of the Fourth of July weekend.

Benzinga

‘It’s fair to ask whether it was worth it’: The Iran war has cost Americans $1,000 per household—and that’s a conservative estimate, Mark Zandi says

Gas prices, higher interest rates, and taxpayers covering military costs are adding up to quite the bill for American households.

Fortune

Trump Wants Lower Gas Prices, but Refineries Face Heat Waves, Iran War and a Russia-Ukraine 'Wild Card,' Analyst Says

While President Donald Trump has warned the oil companies to reduce gas prices at the pump to reflect the drop in crude oil costs, GasBuddy analyst Patrick De Haan says reducing fuel costs might be more complicated than it seems.

Benzinga

Primark owner set for weaker profits as high gas prices to hit sugar arm

It said trading has been ‘resilient’ over the latest quarter despite ‘challenging’ retail conditions in most markets.

Evening Standard

US consumer confidence inches up as economic pessimism lingers

Consumer attitudes had significantly deteriorated following the Iran war, which triggered a surge in oil and gas costs

The Independent UK

Gas prices drop after Iran tensions ease, but Trump says retailers must cut more

IN FULL

The Independent UK

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Benzinga

Kevin Hassett Says Gas Prices Will Drop Once Strait Of Hormuz Traffic Returns To Normal—Democrat Senator Calls Recent Price Hike 'Unacceptable'

President Donald Trump‘s top economic advisor, Kevin Hassett, said on Monday that gas prices in the U.S. will come down to pre-Iran war levels once the traffic through the Strait of Hormuz moves normally.

The Independent UK

Trump official claims Americans should drive to red states for cheaper gas

A Trump official told drivers to fill up their gas tanks in "red states," claiming that gas prices there are 53 cents cheaper per gallon than in "blue states."

The Independent UK

Americans prepare Fourth of July weekend plans as gas prices finally drop

IN FULL

The Independent UK

Gas prices plummet ahead of busy July 4 holiday weekend

‘The recent U.S.-Iran framework agreement has helped ease supply fears and pull prices lower,’ one expert said

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Barchart

McDonald's Corp Stock May Have Hit Bottom - Ways to Play MCD Stock

McDonald's Corp. stock has tumbled based on fears about how gas prices have affected sales. But it may have been overdone, especially now that gas prices are falling. This article looks at ways to play MCD.

MarketBeat

Costco’s Secret Growth Engine May Be Running Out of Gas

Costco's gas-driven comp growth topped 12% in May, but with gas prices down more than 20% from their high, COST is losing a key tailwind ahead of Q4 results.

Fortune

Current price of oil as of June 26, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging

Crude prices are back to prewar levels. Gas prices aren’t. Now Trump is pointing fingers at his own biggest donors.

The Independent UK

Key inflation gauge jumps to 3-year high in latest sign of affordability challenges

The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Trump as midterm elections near

International Business Times

Chevron CFO Says 'It's Going To Take Time' For Gas Prices To Go Down Despite Oil Plunging

Chevron CFO Eimear Bonner said "it's going to take time" for gas prices to go down despite the plunge of oil, following criticism of President Donald Trump.

The Independent UK

Trump is frustrated gasoline prices don't mirror oil's decline. Experts say it’s not that simple

U.S. gasoline prices decreased an average of 49 cents a gallon in the last month as expectations rose for an end to the war with Iran

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