United States: Local gas stations across multiple states reported mixed pump price movements this week, with central Ohio and Toledo seeing recent increases while Indiana and parts of Wyoming registered notable declines, according to weekly GasBuddy and AAA surveys released this week. Reported averages varied widely across markets and station-to-station...
Americans are paying an average of $4.51 per gallon for gasoline on Sunday, May 25, 2026, making this Memorial Day weekend the most expensive at the pump in four years, according to AAA. Prices are being driven by the ongoing U.S.-Israel war with Iran and the near-total closure of the...
The average U.S. price of regular gasoline reached $4.55 per gallon on Friday, May 22, 2026, the highest level for the Friday before Memorial Day since 2022. Prices have risen more than 50 percent since February 28, 2026, when U.S. and Israeli forces began military operations against Iran. The conflict...
Federal Reserve officials signaled that interest rate increases may be necessary if inflation pressures linked to the Iran war persist, according to minutes released Wednesday from the latest Federal Open Market Committee meeting in Washington. The FOMC kept the benchmark federal funds rate unchanged in a 3.5%-3.75% target range, but...
United States: Gasoline prices rose sharply this week as reports linked the increase to the Iran conflict and disruptions in the Strait of Hormuz, pushing the national average to about $4.55 per gallon on Wednesday, May 22, according to AAA figures cited by international and local outlets. Local averages vary,...
Speaking at an economic forum in Frankfurt on Friday, Federal Reserve Governor Christopher Waller said the U.S. central bank should remove its “easing bias” from its policy statement, signalling that future rate cuts are off the table for now and that a rate increase may need consideration. Waller stressed he...
Global oil markets tightened sharply on Friday, May 22, 2026, as crude shipments through the Strait of Hormuz fell to 95 percent below normal levels amid an ongoing military conflict and stalled peace talks between the United States and Iran. The disruption to one of the world’s most critical maritime...
Washington: Kevin Warsh was sworn in as Federal Reserve chair on May 22 at a White House ceremony, taking office after a year-long public audition and prior criticism of his predecessor. Supreme Court Justice Clarence Thomas administered the oath, and Warsh pledged to lead a 'reform-oriented' Fed while emphasizing independence...
Washington, United States – Minutes from the US Federal Reserve’s April Federal Open Market Committee (FOMC) meeting show policymakers have put the option of further interest rate increases back under active consideration, reflecting concern that inflation is not easing sufficiently. The committee voted to hold the benchmark federal funds rate...
United States – U.S. mortgage rates have climbed again, adding pressure to households already struggling with housing costs. The average rate for a 30-year fixed mortgage has risen to 6.56%, the highest level in nearly two months, according to new data from the Mortgage Bankers Association. The increase, linked to...
