fuel used by an internal combustion engine
Already cash-squeezed motorists will have to brace for yet another fuel hike, set for next month. According to reports, motorists will have to fork out up to ... Show more
Fuel prices set to rise again in June: What motorists need to know
Fuel prices set to rise again in June: What motorists need to know
Iran war hits home as gasoline prices fuel significant U.S. inflation jump: The Labor Department's consumer price index rose 3.8% from April 2025 and up ...
pbs.org/newshour/economy/iran-war-hits-home-as-gasoline-prices-fuel-significant-u-s-inflation-jump
Key FactsIran Conflict Sparks Sharp Rise in Gas and Inflation
18 hours ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: pbs.org
Summary created with AI assistance · Source: pbs.org
- U.S. consumer prices increased 3.8% year-over-year in April 2026, marking the largest rise in three years.
- Gasoline prices surged 5.4% from March to April and over 28% compared to the previous year.
- Inflation is squeezing middle- and lower-income families as real wages fell for the first time in three years.
- The Iran war caused the closure of the Strait of Hormuz, pushing oil costs and inflation higher.
"Inflation is the key drag on the U.S. economy now," Heather Long, chief economist at Navy Federal Credit Union, wrote. "There is a real financial squeeze underway. For the first time in three years, inflation is eating up all wage gains. This is a setback for middle-class and lower-income households and they know it. They are having to cut back on spending and stretch every dollar."— Heather Long, chief economist at Navy Federal Credit Union
Trump says he'll move to suspend federal gas tax. He'll need Congress: President Donald Trump is moving to suspend the federal tax on gasoline to help Americans ...
apnews.com/article/trump-gas-tax-high-prices-iran-war-85313468d583c40b79c59e34d8186ee7
Key FactsTrump Pushes to Halt Federal Gas Tax Temporarily
1 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: thedailybeast.com
Summary created with AI assistance · Source: thedailybeast.com
- President Trump advocates temporarily suspending the 18.4-cent federal gas tax to ease rising fuel expenses.
- The proposal faces significant challenges in a deeply divided Congress despite support from some Republican lawmakers.
- National average gas prices have surged to $4.47 per gallon, with expectations of further increases soon.
- Democrats have introduced similar tax suspension bills aimed at providing relief and safeguarding infrastructure funding.
As soon as it's over, you're going to see gasoline and oil drop like a rock. It's going to be dropping down like a rock.— Trump said in the Oval Office, during remarks about suspending the federal gas tax.
Air India to suspend flights on several international routes as jet fuel prices surge
scroll.in/latest/1092842/air-india-to-suspend-flights-on-several-international-routes-as-jet-fuel-prices-surge
Gas discount is reaching drivers, experts say: It took a few days, but the gas discount is now reaching the pumps—and thus the drivers ...
zdfheute.de/wirtschaft/unternehmen/tankrabatt-einhaltung-monopolkommission-100.html
Diesel price falls below 2 euros for the first time since the beginning of March: For the first time since the beginning of March, diesel costs less than 2 euros ...
focus.de/finanzen/news/diesel-preis-faellt-erstmals-seit-anfang-maerz-unter-2-euro_e5ce08b1-4e84-4250-b347-60a24e9ab593.html
Katherina Reiche in Schwedt: Oil from Kazakhstan, scarce kerosene, and no problem
capital.de/wirtschaft-politik/katherina-reiche-in-schwedt--oel-aus-kasachstan--knappes-kerosin-und-kein-problem-37388580.html
Suspending federal gas tax wouldn’t save drivers as much as they might hope - Salon.com
salon.com/2026/05/13/suspending-federal-gas-tax-wouldnt-save-drivers-as-much-as-they-might-hope-partner/
businesstech.co.za May 11
Petrol stations in South Africa are in deep trouble: Many service stations across South Africa are struggling to remain viable amid record fuel price hikes.
businesstech.co.za/news/business/859821/petrol-stations-in-south-africa-are-in-deep-trouble/
OpinionAirlines’ growth sunshine jars with fuel storm: Intra-Europe flying is set to rise over 5% this summer, despite gloomy consumers and the risk of jet fuel ...
reuters.com/commentary/breakingviews/airlines-growth-sunshine-jars-with-fuel-storm-2026-05-12/
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sabcnews.com 23h
MADLANGA COMMISSION | Warrant Officer Marumo Magane says he was “blindspotted” into being part of the operation.
Energy update: NZ's petrol and diesel stocks up, jet fuel down: Ministry says the supply chain is "operating smoothly, and fuel is continuing to flow into the ...
1news.co.nz/2026/05/13/energy-update-nzs-petrol-and-diesel-stocks-up-jet-fuel-down/
Shell intends to sell its French petrol stations, Les Echos reports: London-listed oil major Shell intends to sell its French petrol stations ...
reuters.com/sustainability/sustainable-finance-reporting/shell-intends-sell-its-french-petrol-stations-les-echos-reports-2026-05-12/
VOTE: Do you support temporarily suspending all taxes on gasoline?: Do you support temporarily suspending all taxes on gasoline?
thenationaldesk.com/news/americas-news-now/vote-do-you-support-temporarily-suspending-all-taxes-on-gasoline-question-of-the-day-consumers-iran-war-president-trump-petroleum-reserves
Farmers confront rising cost of fertilizer and fuel as spring seeding underway: Spring seeding is underway and as farmers spend long hours in the tractor ...
cbc.ca/news/canada/calgary/bakx-sidhu-spring-seeding-potash-nitrogen-fertilizer-diesel-9.7193133
DHL signs sustainable aviation fuel supply deal with SAF One in Bahrain: DHL Group said on Tuesday it signed a sustainable aviation fuel (SAF) supply agreement ...
reuters.com/business/energy/dhl-signs-sustainable-aviation-fuel-supply-deal-with-saf-one-bahrain-2026-05-12/
South Africa’s construction costs are rising above inflation, squeezing housing and infrastructure delivery as diesel hikes threaten project viability ... Show more
How the rapid increase in construction costs is affecting South Africa’s property market
How the rapid increase in construction costs is affecting South Africa’s property market
US consumer prices rise to three-year high in April: US inflation rose to 3.8 percent in April, the highest level in three years. The main reason is the enormous ...
tagesschau.de/wirtschaft/konjunktur/usa-inflation-118.html
Inflation is proving harder to tame than expected. Core CPI rose 0.4% in April, beating the 0.3% estimate and moving further from the Fed’s 2% target ... Show more
Diesel and gasoline more expensive: Price jump at gas stations larger again: Die Hoffnungen auf rasche neue Gespräche zwischen den USA und dem Iran haben sich am ...
n-tv.de/wirtschaft/Preissprung-an-Tankstellen-wieder-groesser-id30810811.html
Modi urges limits on fuel use, travel and imports to save forex: Indian Prime Minister Narendra Modi on Sunday urged a spate of measures including fuel ...
reuters.com/business/energy/modi-urges-india-conserve-fuel-global-price-surges-2026-05-10/
Inflation rises for 2nd straight month as fuel costs surge amid Iran war: The war has ratcheted up prices for gasoline, airfares and other expenses.
abcnews.com/Business/inflation-report-show-latest-prices-fuel-costs-surge/story
Gasoline model comes first – Kia Seltos: The first Kia Seltos models will hit the market this summer. The initial prices have now been set.
op-online.de/leben/auto/benziner-kommt-zuerst-kia-seltos-zr-94302257.html
Air Canada cuts more flights due to soaring jet fuel prices
cbc.ca/news/business/air-canada-jet-fuel-9.7191494
Shell sold diesel too cheaply due to an error in data entry.: Recently, fuel was often too expensive. At least, that's what many drivers thought ...
faz.net/aktuell/finanzen/shell-hat-wegen-fehleingabe-diesel-zu-guenstig-verkauft-200825433.html
Gasoline prices set to go higher after Trump's Iran proposal rejection. Here's how much they can rise
cnbc.com/2026/05/11/gasoline-prices-to-go-higher-after-trumps-iran-proposal-rejection.html
Green councillor drives petrol-guzzling Lamborghini
telegraph.co.uk/politics/2026/05/11/green-councillor-drives-petrol-guzzling-lamborghini/
businesstech.co.za May 10
The cheapest hatchback, SUV, and bakkie to drive amid record fuel prices: Vehicle experts have outlined the cheapest petrol and diesel cars that are the most ...
businesstech.co.za/news/motoring/859812/the-cheapest-hatchback-suv-and-bakkie-to-drive-amid-surging-fuel-costs/
PM Modi urged citizens to use less petrol and diesel, opt for metro travel, carpool and work from home as the West Asia conflict pushes up fuel and fertiliser ... Show more
'Use less fuel, carpool, work from home': PM Modi appeals to citizens amid West Asia crisis
'Use less fuel, carpool, work from home': PM Modi appeals to citizens amid West Asia crisis
'Use less fuel, carpool, work from home': PM Modi appeals to citizens amid West Asia crisis
'Use less fuel, carpool, work from home': PM Modi appeals to citizens amid West Asia crisis
Saudi Aramco warns fuel stocks heading for ‘critically low levels’: Amin Nasser warns depletion of gasoline and jet fuel inventories is ‘rapidly accelerating’ ...
ft.com/content/92e2b3bd-40e5-4a9e-a6c4-c8fa9de83386
Paid articlePaywall
Rahul Gandhi calls Modi's 9 appeals 'proof of failure’: Here’s complete list of what PM said
wionews.com/photos/rahul-gandhi-calls-modi-s-9-appeals-proof-of-failure-here-s-complete-list-of-what-pm-said-1778484820142
Iran War Is Draining World's Oil Buffer at an Unprecedented Pace: The world has burned through oil inventories at a record speed as the Iran war throttles flows ...
financialpost.com/pmn/business-pmn/iran-war-is-draining-worlds-oil-buffer-at-an-unprecedented-pace
India’s Prime Minister Narandra Modi is urging people to re-adopt the same measures used during COVID-19. He is calling for a reduction in the use of petrol ... Show more
Flight chaos ‘downplayed’ as jet fuel crisis threatens holidays Show more
The US in Brief: a petrol-tax suspension floated: Our daily political update, featuring the stories that matter
economist.com/in-brief/2026/05/11/the-us-in-brief-a-petrol-tax-suspension-floated
Paid articlePaywallNew escalation in the Iran conflict: Is a real fuel shortage looming?: So far, gasoline, diesel, and kerosene have become expensive in Europe ...
faz.net/aktuell/wirtschaft/auto-verkehr/neue-eskalation-im-iran-krieg-droht-jetzt-ein-echter-engpass-beim-sprit-accg-200810492.html
Key FactsFuel Supply Threatened by Iran Conflict Escalation
3 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: faz.net
Summary created with AI assistance · Source: faz.net
- The two-month blockade of the Strait of Hormuz causes a loss of roughly ten percent of global oil supply.
- Supply disruptions are delayed but increasingly affect European fuel availability, especially jet fuel.
- Around 12,000 international flights have been canceled in May due to kerosene scarcity and high prices.
- Even if the Hormuz Strait reopens soon, it will take months for supply levels to return to normal.
The full effects of the supply disruptions have not yet reached the market.— Darren Woods, Chief Executive Officer of ExxonMobil, speaking to financial analysts.
Fuel prices had already jumped above this threshold in the early days of the Iran-Iraq War; now diesel has not only fallen below it but is also increasingly ... Show more
British Airways owner IAG warned its annual profit will be lower than forecast, saying that soaring jet fuel costs and supply disruptions driven by the Iran ... Show more
British Airways owner IAG warns on profit and capacity as fuel prices soar
British Airways owner IAG warns on profit and capacity as fuel prices soar
US jet fuel could be used in Europe to ease possible shortages: An international air body suggests wider acceptance of US-grade jet fuel could help to head off ...
bbc.com/news/articles/cp8pk2m4nlxo
Kerosene crisis: Airport association warns of cancellations this summer: Summer holidays are approaching - | but due to high kerosene prices and impending supply ...
zdfheute.de/wirtschaft/iran-krieg-fluege-ausfaelle-passagiere-sommer-100.html
EU tells airlines: no obstacles to careful use of Jet A fuel: The European Union told airports and airlines in the region on Friday that they can swap certain ...
reuters.com/business/energy/eu-agency-urges-caution-with-jet-fuel-switch-amid-supply-crunch-fears-2026-05-08/
businesstech.co.za May 08
More bad news about petrol prices in South Africa: Petrol price recoveries at the start of May 2026 are starting motorists on the back foot for the month ...
businesstech.co.za/news/energy/859861/more-bad-news-for-petrol-prices-in-south-africa/
Electric cars: One in four new registrations in April was for an electric vehicle
zdfheute.de/wirtschaft/e-autos-zulassungen-benziner-april-2026-100.html
‘Curb fuel use, avoid foreign travel and buying gold,’ PM Modi appeals nation to help tide over crisis
wionews.com/india-news/-curb-fuel-use-avoid-foreign-travel-and-buying-gold-pm-modi-appeals-nation-to-help-tide-over-crisis-1778438565952
Bolivia’s fuel shortages drive a surge in electric cars: A small but growing number of Bolivians are trading their fossil fuel-powered vehicles for electric ones ...
apnews.com/article/bolivia-electric-cars-expensive-gas-e6135ccebc648053132d85e627bcb5ac
No return to normal expected: Association: Flight cancellations could affect 20 million passengers
n-tv.de/wirtschaft/Verband-Flugstreichungen-koennten-20-Millionen-Passagiere-betreffen-id30803875.html
Diesel prices squeeze US farmers ‘barely getting by’ amid tariffs and drought: US war with Iran drives diesel fuel prices up during spring planting season ...
theguardian.com/environment/2026/may/07/us-farmers-diesel-prices-tariffs-drought
Air India slashes flights to Canada amid soaring jet fuel prices: Air India is slashing its flight schedule due to soaring jet fuel prices, leaving Canadian ...
ctvnews.ca/business/article/air-india-slashes-flights-to-canada-amid-soaring-jet-fuel-prices/
Swiss Air CEO says no immediate fuel shortage, eyes contingency plans: Swiss International Air Lines has sufficient jet fuel supplies for the next six weeks ...
reuters.com/business/energy/swiss-air-ceo-says-no-immediate-fuel-shortage-eyes-contingency-plans-2026-05-10/
Airline giant issues urgent warning: This is why we are now threatened by a global kerosene crisis with consequences
op-online.de/verbraucher/hoehere-flugpreise-kerosin-krise-spitzt-sich-dramatisch-zu-hormus-fluege-ausfaelle-zr-94297748.html
Oman Observer May 09
German airports warn millions of flights could be cancelled: Berlin - The Association of German Airports (ADV) warned that flights may be cancelled and prices ...
omanobserver.om/article/1189301/world/europe/german-airports-warn-millions-of-flights-could-be-cancelled
Mohamed Soliman, the man who lobbed gasoline bombs at a pro-Israel rally last year in Colorado, setting several people aflame including a woman who later died ... Show more
Opinion: Turn to electric vehicles and shun pricey gasoline: Energy efficiency makes good financial sense even without federal tax credits. Simply put ...
thegazette.com/opinion/guest-columnists/turn-to-electric-vehicles-and-shun-pricey-gasoline/article_ad51e142-29b3-4d21-872c-3aa55c09d348.html
Iran war to accelerate China’s shift to electric trucks from diesel: The jump in diesel prices triggered by the Iran war is expected to accelerate ...
timeslive.co.za/motoring/2026-05-07-iran-war-to-accelerate-chinas-shift-to-electric-trucks-from-diesel/
