Price of diesel in U.S. hits record as Vance downplays Iran war impact
Vance says gas prices could have been "much higher were it not for our efforts," as the Iran war pushes pump prices to expected Labor Day weekend records.


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Vance says gas prices could have been "much higher were it not for our efforts," as the Iran war pushes pump prices to expected Labor Day weekend records.


The contraction in April comes after the economy saw stronger than expected growth in March.

A household using a typical amount of gas and electricity is forecast to pay about £200 more a year.

The 30-year U.S. Treasury yield hasn't been this high since the lead-up to the global financial crisis. Across Europe and Asia, yields are also elevated.

Surging gasoline and energy prices, as well as the cost of groceries, have pushed the forecast for the cost-of-living adjustment higher.
The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.

Inflation ticked up to 3.3% in March, according to data released Friday by the Bureau of Labor Statistics. The March Consumer Price Index report is the first t…

Policymakers said they would need to remain "nimble" as they weighed the impact the war had on inflation.


Even once the war ends, it will take time to get back to normal energy flows.

Some residents say they have seen prices more than double since the conflict started.

Oil futures are at their highest level since July 2024. The S&P 500 is now in negative territory for the year.
Airline stocks were among Monday's biggest losers, and their declines are poised to continue on Tuesday, data shows.

. . The 2025 US-China trade war . On April 2, 2025, President Donald Trump declared a national economic emergency and announced sweeping new import tariffs.. D…

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