The average cost of a gallon of gasoline hit $4.18​ on Tuesday, up $1.20 since the conflict in the Middle East started on Feb. 28.

Fuel prices have ballooned since the U.S. and Israel started airstrikes against Iran. As of April 7, gasoline was up 40% and diesel up nearly 50% from six weeks earlier, before the strikes began ...

Nationally, gasoline prices are averaging more than $4 a gallon. That's not an all-time record, but it's up sharply from just over a month ago, and the rapid change has left many car owners reeling — ...

U.S. oil production does not shield consumers because oil is priced in a global market sensitive to geopolitical risks. Gas stations price fuel based on replacement costs, causing prices to rise ...

The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.

Gas prices are grabbing the headlines, but jet fuel prices have doubled in the last two months. So far, air fares are only up modestly. But that could change in the next couple of months. “We are ...

Sticker shock is hitting drivers as gas prices surge, with many Americans paying almost $1 more per gallon than just a month ago. The national average for regular gas climbed to $3.88 on March 19, ...

Drivers are reeling from escalating gas prices that have skyrocketed since the beginning of the Iran war. The national average gas price rose to $4.12 per gallon on April 6, according to the AAA Auto ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. LOS ANGELES, CALIFORNIA - MARCH 03: High gas prices are displayed ...