NEW YORK — The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA, hitting the wallets of drivers after rising 50% since the war with Iran began. The main reason drivers are paying more at the pump is ...
NEW YORK — U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 on Tuesday, as the Iran war continues to push fuel prices higher worldwide. According to AAA, the national average for a gallon of regular gasoline is now $4.02 — over a dollar more expensive than it was before the war began on Feb. 28. That’s the largest monthly jump the motor club has seen on record. And the last time U.S. drivers were collectively paying this much at the pump was nearly four years ago, following Russia’s invasion of Ukraine. The price is a national average, ...
WASHINGTON — The war with Iran is doing collateral damage to the world economy. The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizing fragile states such as Pakistan; and complicating options for the inflation fighters at ...
WASHINGTON — Democrats and the White House struck a deal to avert a partial government shutdown and temporarily fund the Department of Homeland Security on Thursday as they consider new restrictions for President Donald Trump’s surge of immigration enforcement. As the country reels from the deaths of two protesters at the hands of federal agents in Minneapolis, the two sides have agreed to separate homeland security funding from a larger spending bill and fund the Homeland department for two weeks while they debate Democratic demands for curbs on the U.S. Immigration and Customs ...
NEW YORK — Stocks slumped on Wall Street Tuesday after President Donald Trump threatened to hit eight European countries with new tariffs as tensions escalate over his attempts to assert American control over Greenland. The losses were widespread, with nearly every sector losing ground. Major indexes in the U.S. extended losses from last week in what has been a wobbly start to the year. The S&P 500 fell 143.15 points, or 2.1%, to 6,796.86. It is the steepest drop for the benchmark index since October. The Dow Jones Industrial Average fell 870.74 points, or 1.8%, to 48,488.59. The ...
U.S. soybean farmers and lawmakers said the Chinese purchase of several shiploads of U.S. soybeans indicated a positive step in trade negotiations between the two counties. Reuters reported Wednesday that COFCO, a Chinese state-owned food processing company, purchased about 180,000 metric tons of soybeans from the U.S. The reported purchase, which Reuters attributed to “two trade sources” is the first purchase China has made since harvest season began on the latest U.S. soybean crop. The country has also bought soybeans from Argentina and continues to purchase from Brazil, ...
