Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.

There is no short-term fix for the quagmire in Iran and high oil prices. Add uncertainty about jobs and inflation and there might be a recession in the near future.

Consumers could continue to see lower gas prices if oil prices decrease in the new year. The U.S. Energy Information Administration is projecting lower oil prices in the first quarter of 2026, though ...

Oil prices jumped on Thursday after the U.S. imposed sanctions on major Russian oil companies over Russia's war in Ukraine. Brent crude futures were up 5%, while West Texas Intermediate crude futures ...

Global energy markets are in turmoil as Iran disrupts oil flows through the Strait of Hormuz. This chaos is proving ...

The U.S.-Israeli attacks on Iran have intensified and the conflict has widened, shaking global energy markets.

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge can ...

President Trump wants to drive down oil prices to $50 a barrel. Getting to that price appears doable with Venezuela, though keeping it there comes with risks. The good news for the administration is ...