Topic · 3 reports

Fuel prices

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US diesel hits record $5.85 as Iran war disrupts oil traffic

Sep 4, 2026

The segment reports surging US fuel prices ahead of Labor Day, with regular gasoline averaging $4.14 per gallon (up 4 cents weekly and nearly $1 year-over-year) and diesel at a reported $5.23 (later data shows $5.85 record). It includes consumer and trucker interviews on cost pass-throughs, Canadian diesel at $2.36 per liter, and Kevin Hassett attributing high energy costs to the ongoing US-Iran and Russia-Ukraine wars disrupting shipping while highlighting declining overall CPI inflation and anticipated relief from a US-Venezuela oil production agreement. The report ends with uncertainty over when prices will fall, quoting Hassett on needing Iran to stop targeting ships.

▶ Source: Global News

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Netherlands fuel prices hit 2026 records as refinery costs rise amid Iran war

Jul 27, 2026

The segment follows a Rotterdam maternity nurse whose fuel costs rose above €110 per tank and reports organization calls to limit work areas alongside an employer travel allowance. It highlights research claiming high fuel prices worsen inequality, with low-income households spending 17% of income on transport versus 9.7% for average and 6.9% for high earners. The report visits Europe's largest refinery in Rotterdam, attributes much of the price surge to doubled refinery costs now making up 25% of petrol price (up from 10% pre-Iran war), and notes one-third of European refineries closed over 15 years due to regulations and clean-energy policies plus recent Ukraine strikes on Russian facilities.

▶ Source: Al Jazeera English

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Capito ties West Virginia fuel prices to Middle East conflict during reporter call

Jul 24, 2026

WCHS-TV aired audio from Sen. Shelley Moore Capito's weekly conference call with reporters. Capito addressed high fuel prices' impact on West Virginia families, flood response, and congressional priorities. She noted lawmakers examined options including Strategic Petroleum Reserve draws and gas-tax suspensions but identified overseas developments, specifically a meaningful Middle East ceasefire, as the dominant driver. Capito also vowed to avoid another government shutdown.

▶ Source: WCHS-TV