gasoline News Updates

Gasoline prices have climbed during the Iran conflict, drawing political scrutiny in a midterm election year and intensifying calls for clarity on policy.

Transportation Secretary Sean Duffy revealed April 13 that officials from PHMSA visited the pipeline site to oversee safety operations.

Treasury Secretary Scott Bessent said he was “optimistic” that the price of gasoline will abate over the summer driving season, retreating back to $3 a gallon.

According to earnings filings published last week, 7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year.

The convenience store and gas station operator focused on rural communities in the Midwest and the Southwest is selling 14 million shares for $20 to $23 each.

U.S. oil prices ended March 30 above $100 a barrel for the first time since the U.S. and Israel launched a war against Iran.

Owners of diesel-powered vehicles have seen even steeper fuel price increases since the war started on Feb. 28.

Trump administration officials are examining what a potential spike in oil prices as high as $200 a barrel would mean for the economy, according to sources.

USPS will impose a surcharge to offset rising fuel costs, sources said, a sign that the beleaguered mail carrier is feeling the strain of higher oil prices.

The administration will waive higher-ethanol E15 gasoline from U.S. volatility requirements this summer, delivering a win for corn farmers and biofuels producers.