A federation of North American motor clubs and a not-for-profit service organization with over 60 million members.
Bank of America data show US host cities are seeing on-the-ground economic impact from the World Cup, with restaurants and bars leading spending gains and hotel revenues rising in several markets, though results vary by city and broader inflation weighs on sentiment.
Brent crude has climbed near $90 a barrel after renewed US strikes on Iran and retaliatory attacks have disrupted shipping through the Strait of Hormuz and threatened alternate routes. Market risk has increased as Houthi moves against Saudi-linked shipping and US warnings and strikes have depleted spare reserves, pushing prices and fuel costs higher.
Gas prices remain elevated amid renewed fighting in the Iran conflict. National averages hover near $4 per gallon, with regional spikes on the West Coast. The White House says energy supply will be stabilized, while voters link costs to inflation and political stakes ahead of elections.
Renewed US–Iran strikes and a US naval blockade have pushed oil above $90 a barrel and cut tanker traffic through the Strait of Hormuz. Shipping, insurance and refining costs have surged faster than crude, lifting diesel and jet-fuel premiums and pushing US pump prices toward $4 a gallon; analysts warn sustained disruption will force further price rises.
Brent crude has risen above $100 a barrel after attacks on shipping and renewed US–Iran strikes disrupted tanker routes. Traders are pricing tighter supply as US reserves fall to multi-decade lows and refiners report record crack spreads. Forecasters now see scenarios ranging from modest rises to spikes above $150 a barrel, with higher pump and inflationary pressure expected.
Oil prices rise as talks over reopening the Strait of Hormuz remain unsettled. Brent nears $90, and U.S. inventories stay tight amid ongoing tensions and political maneuvering.
Oil prices have risen amid renewed tensions as talks over reopening the Strait of Hormuz face a stalemate. Iran demands compensation and sanctions relief, while US pressures persist. Brent near $90 and US crude around $82, with market participants watching for any breakthrough.
President Donald Trump has said he will "pretty soon" declare the Strait of Hormuz to be US territory after defeating Iran, and has touted a US naval blockade. Iran has rejected the claim, saying the strait "will only be closed and opened under Iran's command" and has refused to resume talks while the waterway remains blocked. Mediators continue quiet contact.
The U.S. beef supply has tightened amid an historic cattle shortage driven by drought and economic pressures. Tyson Foods is closing two beef plants and seeking buyers for another as it reshapes its beef operations. Retail beef prices have climbed while overall meat sales dip; the industry is prioritizing capacity and resilience to rebuild herds.
The US has reached an agreement with Venezuela’s interim government to secure majority control of rights to about 65 billion barrels of Venezuelan oil. The deal creates a private joint venture with Venezuelan billionaire Alejandro Betancourt’s firm, gives the US effective majority output and promises nearly $100bn in private investment, though no contract text or financing details have been released.
Israel faces a potential reduction in the excise tax on gasoline as prices surge amid global tensions with Iran and a volatile oil market. Government officials weigh legality and fiscal feasibility ahead of the October 27 election; experts warn of budget strains even as prices at the pump were raised recently.
Brent crude has climbed toward $97 a barrel after renewed exchanges of strikes between the United States and Iran over the past week. US strikes have hit sites along Iran's southern coast while Iran has attacked US-linked vessels and bases in the region; shipping through the Strait of Hormuz remains constrained and US pump and diesel prices have risen.
The United States and Iran remain in a strained confrontation as sanctions, naval blockades, and economic pressure persist. Reports show rising fuel costs and public discomfort at home, while Iran faces internal pressures amid energy shortages and crackdowns on protests. Political leaders debate the legality and scope of the conflict, with midterm dynamics shaping how aggressively the administration pursues escalation or restraint.
Gas prices across the United States have risen, with the national average approaching and potentially surpassing $4 per gallon for Labor Day. Drivers face record-level costs driven by global tensions, crude markets, and calls for domestic energy policy responses.
Diesel prices have risen sharply amid renewed Middle East tensions and sanctions, driving inflation and shifting costs for transport, farming and retail. The surge follows a wave of global supply disruptions and has sustained pressure on households and businesses.
Gas prices have reached Labor Day highs as US-Iran hostilities persist and a Venezuela oil deal faces questions over enforceability and impact on supply. Officials see potential downward pressure as demand cools after summer, but uncertainty remains about how quickly prices will fall.
Labor Day traditions are shifting as closures and sales vary by sector. Government offices close, while stocks and banks stay shut. Retailers offer promotional deals as summer ends, and travel costs rise for many Americans, who plan last-minute getaways.
Diesel prices have surged to record levels amid the Iran war and ongoing Middle East tensions, with weekly readings showing prices at $5.90–$6+ per gallon in several states. The cost burden is rippling through transportation, groceries and consumer prices, while officials say relief remains uncertain in the near term.
President Donald Trump has said the US war with Iran will end "immediately after" the November midterm elections and predicted oil and gasoline prices will fall once voting is over. His comments have come as Brent crude has climbed above $100 a barrel, US fuel prices and diesel records have risen, and Republican leaders are campaigning at a two‑day midterm convention in Dallas.
Energy ministers and key delegates from G20 nations, including Canada and Saudi Arabia, gather in Houston for discussions on energy security as gas storage in Europe strains ahead of winter. Russia’s attendance has stirred debate amid ongoing tensions over Ukraine and Iran, with US officials highlighting the need for affordable, reliable energy.
The Saudi energy ministry has closed a pipeline as a precaution after reports that Houthi forces seized a Red Sea island and a port city, threatening shipping lanes. Oil prices have risen, with Brent near $108 a barrel and WTI around $103, while gas and diesel costs are climbing in the U.S. amid ongoing regional tensions.
Trump has announced new fuel-economy standards, reversing Biden-era rules intended to spur electric-vehicle adoption. The move reduces the fleetwide target, with specifics still to be released. Analysts say the change could reshape automaker strategy and consumer costs. The details remain forthcoming.
At a Vandalia rally, Donald Trump has urged Republicans to vote, promising federal help if they win and warning he will be less willing to work with Democrats if they prevail. He has attacked opponents, defended data-centre policies, and highlighted economic concerns fueling the midterms.
Global diesel prices remain elevated as Trump publicly claims a pact with Russia to release hundreds of thousands of tonnes of diesel into the market. Zelenskyy has criticized the move as dangerous, while European officials warn it could bolster Moscow’s war effort. The agreement is set to ease fuel costs ahead of the U.S. midterms, but uncertainty remains about execution and impact.