Editor's Note

Latest News Today provides comprehensive coverage and analysis of breaking news stories. This article is part of our ongoing coverage of energy, bringing you verified information from trusted sources with added context and expert perspective.

Why This Matters: Understanding the full context of this story helps readers make informed decisions and stay updated on developments that impact our community.

Energy

The newest developments in energy and climate change.


MORE ENERGY NEWS

16d ago

Gas prices hit $4.39 per gallon in biggest one-day jump since Iran ceasefire announced

Since the war started, the average nationwide price of unleaded gas has risen more than 47%.
Image: Vehicles sit parked at fuel pumps as regular gasoline prices above $6 per gallon and diesel prices above $7 per gallon are displayed outside a Mobil gas station
Image: Vehicles sit parked at fuel pumps as regular gasoline prices above $6 per gallon and diesel prices above $7 per gallon are displayed outside a Mobil gas station
18d ago

Gas prices hit $4.23 per gallon, a new high for the year

The grim milestone comes as oil prices have surged higher over the past week amid a dual blockade by the U.S. and Iran of the Strait of Hormuz.
Fuel prices are displayed at a Brooklyn gas station.
Fuel prices are displayed at a Brooklyn gas station.
19d ago

United Arab Emirates quits OPEC as Iran war raises Gulf tensions

The UAE is the third-largest oil producer in OPEC, behind Saudi Arabia and Iraq. Leaving the group is likely to be a precursor to increasing oil production.
Iran Supreme Leader Killed in US-Israel Attack as War Widens
Iran Supreme Leader Killed in US-Israel Attack as War Widens
20d ago
FORSUBSCRIBERS

3 emerging forces that will shape the next phase of oil prices

After initial shocks sent the cost of oil soaring and then tumbling, new dynamics are coming to the fore as the global economy adjusts to high prices.
Vessels in the Strait of Hormuz
Vessels in the Strait of Hormuz
25d ago

Spirit Airlines nears deal with Trump administration for $500 million rescue package

The struggling discount carrier has filed for bankruptcy twice, and now it's under pressure from higher jet fuel costs due to the Iran war.
A Spirit Airlines Airbus A320
A Spirit Airlines Airbus A320

Maine Gov. Janet Mills is undecided on whether to sign a pause on data centers

The state Legislature passed a first-of-its-kind bill to impose a moratorium on data centers amid a heated national debate over the energy-hungry structures that power AI.
Janet Mills
Janet Mills
32d ago

S&P 500 hits all-time high as investors shrug off Iran war oil price spike

The rebound over the past two weeks has been faster than the one following the Covid market crash in 2020 or when tariffs roiled markets last year.
Markets Open Monday Morning, Reacting To Failure Of US-Iran Talks
Markets Open Monday Morning, Reacting To Failure Of US-Iran Talks
33d ago

Oil prices might be starting to come down for a worrisome reason

The largest oil shock in history caused prices to surge. Now they're so high that they may be causing "demand destruction." That would mean slower economic growth.
Iran US Oil Prices
Iran US Oil Prices
38d ago

Oil prices hover around $100 as concerns about ceasefire persist

The national average price per gallon of gas was $4.17, continuing its monthlong climb.
Roy Strohecker fills a red gas cannister
Roy Strohecker fills a red gas cannister
39d ago

Oil plunges on Iran ceasefire news, setting the stage for some relief on gas prices

The S&P 500 jumped 2.2% and could climb even higher "as euphoria returns to markets," analysts at JPMorgan wrote.
Image: *** BESTPIX *** Price Of Gas Continues To Rise As War With Iran Drags On
Image: *** BESTPIX *** Price Of Gas Continues To Rise As War With Iran Drags On
39d ago
FORSUBSCRIBERS

Why the price you pay for oil won't return to pre-war levels — despite the ceasefire with Iran

Global shipping and energy markets may never be the same, as the world grapples with ongoing questions about the Strait of Hormuz.
A dockyard on the Strait of Hormuz
A dockyard on the Strait of Hormuz

LATEST ON NBC NEWS