The US economy is under strain, and the oil price shock could tip it over into recession. “People are preparing themselves for the fact that we are already in a recession now or
President Donald Trump made an ALL-CAPS reversal on Iran strikes Monday morning. That sent oil prices plunging. Sadly, your gas prices aren’t about to follow suit. The average price of US gas is
Stocks rose and oil prices fell sharply after President Donald Trump on Monday said the United States would postpone further strikes on Iran’s energy infrastructure, pending the outcome of negotiations. The Dow was
Looking out his shop window, across the street, just to the right, Paloma Clothing co-owner Mike Roach sees one of Portland, Oregon’s, most expensive gas stations. His customers can see the price, too:
In normal times, the Federal Reserve would more or less ignore an oil price shock like the one we’re in now. Oil is notoriously volatile, and high prices inevitably come down to earth
Iran’s effective shutdown of the Strait of Hormuz has locked up 20% of the world’s oil. But there’s more to the story. Oil and gasoline have gotten all the headlines in recent weeks
The war with Iran is complex, but the reason why the Middle East conflict matters to your financial well-being comes down to three simple facts. Oil prices will remain high until the Strait
Dozens of countries have done the unprecedented, releasing an historic amount of crude from emergency reserves to prevent high oil prices from crippling the economy. If that doesn’t work, there’s only one serious
President Donald Trump has a sales pitch for Americans worried about high oil and gas prices: Rising fuel prices are a temporary but necessary sacrifice, and they will fall quickly back to earth
A historic disruption to the world’s oil production sent crude prices smashing through the $100 barrier Monday for the first time in nearly four years, before prices settled just below $100. As the
