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The Latest Breaking News from Gas Prices

Drivers Are Seeing Higher Prices at the Pump—But the Reasons Aren’t What You Think

Gas prices are climbing faster than a car racing off at a green light, leaving drivers squinting at the pump in disbelief. Conventional wisdom points to supply shortages or global tensions, but the real story has layers far beyond the obvious. Experts highlight a mix of market dynamics, seasonal shifts,…

Clever Dude

EPA approves sale of higher ethanol fuel to try to lower gas prices

The Environmental Protection Agency has announced it would allow gas stations to continue selling slightly cheaper E15 this summer in a move that may be good for drivers and corn growers but will likely contribute to air pollution

The Independent UK

Iran war energy shock puts ECB on alert — Lagarde says this is no repeat of 2022

The Iran war has sent oil and gas prices surging and rate hike bets rising, but ECB chief Christine Lagarde says the eurozone is far better placed to absorb the shock than it was when Russia invaded Ukraine.

Euronews

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Oil prices fall back and global stocks rally amid hopes of Iran war ceasefire

Brent crude fell back below 100 US dollars a barrel, down 6% at 98.23 dollars in morning trading on Wednesday, while UK natural gas prices tumbled 8%.

Evening Standard

Europe has survived 3 energy shocks in 4 years. The only way out is to stop buying power from its enemies

Oil above $100. Gas prices up 70%. Every crisis has a different trigger—and the same vulnerability. Europe must become the world's first Electro-Continent.

Fortune

Chances of a Federal Reserve rate hike fade as inflation worsens

The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans’ finances: Higher interest rates

The Independent UK

DoorDash does what the president of America can’t

Donald Trump should take notes.

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Oil reserves last for weeks. Solar panels last for decades

Oil and gas prices are shooting up as war in the Middle East cuts down the supply of fossil fuels available, in what has been described as “the largest supply disruption in the history of oil markets”.

The Conversation

Small comforts fade and big worries grow as fuel prices surge globally

People around the world are cutting back on spending as high gas prices stretch household budgets

The Independent UK

DoorDash offers added payments to US and Canadian drivers as gas prices soar

DoorDash is offering extra compensation to U.S. and Canadian drivers as part of a temporary program to help offset rising gas prices

The Independent UK

Portugal edges closer to declaring energy crisis as gas prices surge

An existing energy crisis scenario allows the government to act directly in limiting prices, but this can only happen after an EU-level decision.

Euronews

DoorDash announces payments for drivers to combat rising gas prices

US drivers with a DoorDash debit card will earn 10% cash back on gas

The Independent UK

Current price of oil as of March 23, 2026

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

Fortune

US-Iran war latest: Tehran calls US peace talk claims ‘fake news’ as Trump sets new deadline to end war

Donald Trump says the US and Iran have held talks about a ‘total resolution of hostilities’

The Independent UK

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Fortune

Natural gas prices in Texas plunge deep into negative territory and producers are burning it off, while the rest of the world braces for shortages

Over the past week, spot prices at the Waha gas trading hub in the Permian Basin fell as low as -$9.75 per million British thermal units.

The Independent UK

Soaring gas prices threaten to wipe out Trump’s tax refund gains

Gas prices are likely to remain elevated for some time, as shipping and production disruptions will take time to recover

Fortune

'Almost exactly offsetting the boost': Higher gasoline prices this year could wipe out tax refunds from Trump's One Big Beautiful Bill Act

Prices at the pump are almost a dollar more per gallon than a month ago following the U.S. strike on Iran and are poised to tick up even higher as the Strait of Hormuz remains closed.

International Business Times

Trump Gives Iran 48-Hour Ultimatum: Open the Strait of Hormuz or Face Strikes on Power Plants

Trump threatened Saturday to "hit and obliterate" Iran's power plants if Tehran does not fully reopen the Strait of Hormuz within 48 hours. The ultimatum came as the U.S.-Israel war with Iran entered its fourth week and gas prices hit a nationwide average of $3.91 per gallon.

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MarketBeat

3 Natural Gas Names to Watch as a Global Supply Shock Builds

Natural gas prices may be set to rise due to LNG supply shocks; here are two stocks and an ETF positioned to benefit from tightening global supply

The Guardian - US

US interest in electric vehicles surges as gas prices jump amid Iran war

Online searches for electric and hybrid cars increase as war-linked fuel prices hit highest levels in nearly three years

The Independent UK

Trump ‘considers risky ground offensive to free Strait of Hormuz’ after branding Nato ‘cowards’

Oil and gas prices have spiked due to Iran’s blockade of the Strait of Hormuz - and the US president has attacked Nato for not helping end it

The Independent UK

GOP Senate hopeful suggests Americans drink less Starbucks to help Iran war

IN FULL

InsideEVs

This Is Why So Many EVs Are Getting Canceled

On this week's Plugged-In Podcast, we dive into the EV apocalypse, the BMW i3, and high gas prices.

We Got This Covered

‘I’ll have to put a limit on lake days!’: Trump supporter despondent as ‘skyrocketing’ gas prices affect jet ski plans

First, they came for the jet ski owners.

GOBankingRates

3 Invisible Car Costs that Will Spike with Your Gas Prices Right Now

The United States and Israel surprised the world when it ended February with military air strikes launched against the oil-rich country of Iran in an attempt to end the country’s nuclear program and missile and drone capabilities. With approximately 20% of the world’s oil traffic passing through the Iran-adjacent Strait…

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