A customer prepares to pump diesel fuel at a Madison, Miss., Sam’s Club. (Rogelio V. Solis/AP/File) June 18, 2026 8:50 am, EDT | Update: June 18, 2026 12:56 pm, EDT key takeaways: Oil prices continued to fall after the US and Iran signed a preliminary deal to end the war. Due to falling oil prices,
A tanker delivers fuel to a gas station in Miami. (Eva Marie Uzcategui/Bloomberg) June 18, 2026 9:03 am, EDT key takeaways: US gas prices fell below $4 a gallon on June 18 for the first time since March after geopolitical tensions eased following the US-Iran agreement. AAA said prices nationally averaged $3.999 after crude fell
GM executives acknowledge consumers are feeling the impact of higher gas prices. Buyers are moving away from trucks and SUVs. Gas price increases typically take longer to impact consumers. Speaking during a briefing seminar at the Center for Automotive Research in Ypsilanti, Michigan, Duncan Allred, president of General Motors North America, said higher gasoline prices
Jun 17, 2026 8:12 am, EDT | Update: June 17, 2026 1:05 pm, EDT key takeaways: Oil prices rose 1.4% to $80.03 a barrel after international benchmark Brent crude fell more than 5% on June 16. Details of the interim US-Iran deal, which is scheduled to be formally signed at a ceremony in Switzerland on
A containership at the Port of Los Angeles. (Eric Thayer/Bloomberg) June 16, 2026 11:31 am, EDT key takeaways: U.S. import prices rose 1.9% in May, matching April’s increase, with the increase driven by higher costs of plastics, air travel and computer equipment, BLS data showed on June 16. The surge reflects inflationary pressures linked to
A sign displaying the price of regular gasoline and diesel fuel at a Citgo gas station in Brewer, Maine on June 8. (Graeme Sloan/Bloomberg) June 16, 2026 8:44 am, EDT key takeaways: A temporary US-Iran agreement to reopen the Strait of Hormuz has begun to ease oil prices, but consumers are unlikely to see immediate
After a rare dark transit through the Strait of Hormuz in May, the Eneos Endeavor supertanker approaches the Eneos Corp. Negishi oil refinery in Yokohama, Japan, on June 6. (Akio Kon/Bloomberg) June 16, 2026 8:16 am, EDT key takeaways: Oil prices edged lower in early trade after the US and Iran reached a tentative deal
The American flag flies next to a One9 Fuel stop sign displaying diesel and unleaded gas prices in Wilmington, Ohio, on June 10. (Caroline Caster/AP) June 15, 2026 8:13 am, EDT | Update: June 15, 2026 11:40 am, EDT key takeaways: Oil prices fell after Iran announced a temporary deal to end the war and
A small motorboat passes ships anchored in the Strait of Hormuz near Bandar Abbas, Iran, on June 11. (Amirhossein Khorgui/ISNA via AP) June 12, 2026 8:15 am, EDT | Update: June 12, 2026 2:59 pm, EDT key takeaways: Oil prices fell after President Donald Trump claimed success in talks to end the Iran war. SpaceX