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Rising fuel prices hit US farms as Iran war drags on

Rising fuel prices hit US farms as Iran war drags on

By Nicole Jao and Tom Polansek NEW YORK/CHICAGO, June 9 (Reuters) - High energy costs are squeezing grain and soybean growers across the U.S. farm belt, as the Iran war chokes fuel supplies through the Strait of Hormuz and pushes diesel prices to record highs in key agricultural states.
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Gas Prices Decline for Second Week as Crude Oil Remains Below $100

Gas Prices Decline for Second Week as Crude Oil Remains Below $100

Gas Prices Decline for Second Week as Crude Oil Remains Below $100
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Gas Prices Decline as Crude Oil Remains Below $100, Impacting Summer Travel Plans

Gas Prices Decline as Crude Oil Remains Below $100, Impacting Summer Travel Plans

The national average price for a gallon of regular gasoline has decreased by 18 cents to $4.24, marking the second consecutive week of decline, according to the American Automobile Association (AAA). This drop in gas prices is attributed to crude oil prices remaining below $100 per barrel. However, uncertainty persists regarding the reopening of the Strait of Hormuz, which could influence future oil prices. The closure of the Strait of Hormuz, a critical passage for global oil flows, has contributed to the volatility in gas prices. Despite the decrease, the current average price is significantly higher than the $3.14 per gallon recorded a year ago. The situation has led to predictions that this summer could be one of the most expensive at the pump in years.
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U.S. Energy Information Administration Warns of Multi-Decade Low Oil Inventories Amid Global Supply Disruptions

U.S. Energy Information Administration Warns of Multi-Decade Low Oil Inventories Amid Global Supply Disruptions

U.S. Energy Information Administration Warns of Multi-Decade Low Oil Inventories Amid Global Supply Disruptions
AP News AP News
Wall Street yo-yos as AI stocks swing from gains to losses

Wall Street yo-yos as AI stocks swing from gains to losses

The U.S. stock market is yo-yoing as artificial-intelligence stocks keep swinging following their sudden and sharp losses from last week
TheStreet TheStreet
The oil market's fate isn't in OPEC's hands anymore

The oil market's fate isn't in OPEC's hands anymore

The most powerful player in any market is the one who can set the price and make everyone else live with it. For half a century, one group did exactly that with oil. When it held barrels back, prices climbed. When it opened the taps, prices eased, and the rest of the world arranged its plans around ...
TheStreet TheStreet
Gas prices may surprise you next time you're at the pump

Gas prices may surprise you next time you're at the pump

If you routinely pull into a gas station for a fill-up once a week, you may notice that the tab for gasoline is different. Noticeably different. Gasoline prices in the United States are lower. In fact, according to AAA data, the average price of a gallon of gas has fallen 10.5% to $4.164 a gallon ...
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President Trump Allocates $700 Million to Revitalize U.S. Coal Industry

President Trump Allocates $700 Million to Revitalize U.S. Coal Industry

President Trump has announced a $700 million initiative to support the U.S. coal industry. This plan includes funding for new power plants, sustaining existing operations, and constructing an export terminal in California. The initiative is part of a broader agenda to increase domestic production of oil, gas, and coal. The funding will be distributed to various coal plants and includes grants for new facilities in Alaska and West Virginia.
TheStreet TheStreet
As consumers struggle, Costco sets a troubling record

As consumers struggle, Costco sets a troubling record

Setting a record sounds like a positive, but not every record counts as an accomplishment. You don't want to be the person who sets the record for surviving the most snake bites, although that's better than coming in second and dying after the record-breaker. In addition, you can set a record for ...
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IPAA Appoints Abigail Miller to Enhance Communications and Strategy for U.S. Energy Policy

IPAA Appoints Abigail Miller to Enhance Communications and Strategy for U.S. Energy Policy

IPAA Appoints Abigail Miller to Enhance Communications and Strategy for U.S. Energy Policy
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U.S. Markets Resilient Amid 100 Days of Iran Conflict, Despite Inflation Concerns

U.S. Markets Resilient Amid 100 Days of Iran Conflict, Despite Inflation Concerns

U.S. Markets Resilient Amid 100 Days of Iran Conflict, Despite Inflation Concerns
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U.S. Forces Intercept Iranian Missiles and Drones, Preventing Regional Threats

U.S. Forces Intercept Iranian Missiles and Drones, Preventing Regional Threats

U.S. military forces successfully intercepted Iranian ballistic missiles and attack drones aimed at the Strait of Hormuz and nearby Gulf nations. According to U.S. Central Command (CENTCOM), Iran launched four one-way attack drones towards the strategic waterway, which were shot down by U.S. forces to protect regional maritime traffic. Subsequently, Iran fired seven ballistic missiles targeting Kuwait and Bahrain, six of which were intercepted, while the seventh fell short of its target. In response, American forces targeted Iranian coastal surveillance radar sites in Goruk and on Qeshm Island to prevent further maritime threats. CENTCOM refuted Iranian state media claims of damage to the U.S. 5th Fleet headquarters in Bahrain, emphasizing their readiness to respond to Iranian aggression.