Crude Oil

GasBuddy analyst Patrick De Haan has predicted that it would take more than a year and a half for countries to refill oil inventories if the Strait of Hormuz reopens following its closure amid the U.S., Israel and Iran war. 78 Weeks To Refill Oil Inventories In a post on X on Monday, De Haan shared...

GasBuddy analyst Patrick De Haan dismissed talks of the average price of gas in the U.S. reaching $7/gallon as tensions escalate in the Middle East amid the U.S.-Israel and Iran war. National Average Wouldn’t Reach $6-7/Gallon In a post on X on Saturday, De Haan quoted a post by a user who...

Governor Jay Robert “JB” Pritzker (D-IL) called President Donald Trump a “liar” on Tuesday, accusing the administration of causing a surge in fuel costs amid the war with Iran. Donald Trump Is A Liar In a post on X, Pritzker quoted a post by GasBuddy analyst Patrick De Haan...

The Trump administration announced that it would loan 53.3 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to energy companies to counteract high crude oil prices amid the Iran war. The loan is part of a global agreement aimed at stabilizing the oil...

Economist Peter Schiff, who is also the co-founder of Echelon Wealth Partners, cautioned against eliminating the Federal gas tax on Monday, as it could weaken the dollar and lead to higher oil prices. Higher Oil Prices In a post on X, Schiff weighed in on surging oil and gas prices, saying that...

As the U.S.-Iran war enters its 11th week with no clear end in sight, analysts warn that global markets will remain on high alert due to the ongoing closure of the Strait of Hormuz. The lack of significant military action for over a month suggests a strong U.S. inclination towards a...

President Donald Trump‘s Energy Secretary Chris Wright on Sunday declined to make predictions on gas prices falling below $3/gallon in the U.S. amid the Iran war. Can’t Make Predictions In an interview with NBC, Wright was asked when he thought gas prices could fall in the U.S. after he...

Governor Gavin Newsom (D-CA) delivered sharp criticism of President Donald Trump‘s Transportation Secretary, Sean Duffy, as the latter released a reality TV show called “The Great American Road Trip” to commemorate the U.S.’s 250th Independence Day. Total Disgrace “...

Investor and co-founder of Echelon Wealth Partners, Peter Schiff, thinks that the current oil prices may not return to pre-Iran war levels any time soon amid escalating tensions between Washington and Tehran. Trump Could Decide To Break Deal In a post on the social media platform X on Wednesday,...

Leading cryptocurrencies took a breather on Wednesday, while stocks closed at new records as investors weighed the report of a potential U.S.-Iran deal to end the war. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:20 p.m. EDT) Bitcoin (CRYPTO: BTC) -0.32% $81,050.02 Ethereum (...

The U.S. is reportedly close to finalizing a memorandum of understanding (MOU) with Iran, which aims to terminate the ongoing war and lay the foundation for extensive nuclear negotiations. The Trump administration is in the final stages of negotiating a 14-point, one-page MOU with Iran. The...

Governor Gavin Newsom (D-CA) on Tuesday defended California’s tax on gasoline, saying that the high prices at the pump were a result of President Donald Trump‘s handling of the Iran war. Trump Surcharge On Gas In a post on X, Newsom’s official Press Office compared the per-gallon...

Sen. Bernie Sanders (I-VT) on Monday accused oil companies of profiting from the war in Iran amid an oil and gasoline price surge in the U.S. Ripping Off Americans Sanders, in a post on X, drew comparisons between crude oil and gasoline prices from 2026 and 2011. The Vermont independent outlined...

Leading cryptocurrencies extended their gains, while stocks declined on Monday as Iranian attacks on UAE oil facilities unsettled investors. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:40 p.m. EDT) Bitcoin (CRYPTO: BTC) +1.77% $80,244.39 Ethereum (CRYPTO: ETH)   ...

Demand for used EVs surged in the U.S. as gas prices continue to rise amid the U.S.-Israel and Iran war, with sales seeing double-digit increases on the used market. A Surge In Demand Used EV sales jumped nearly 28% in March this year, CNBC reported, citing data from Cox Automotive on Sunday. One...