At a nearby gas station, fuel costs climbed again—diesel up by P19.80 per liter, gasoline by P5.90, and kerosene by P9.10—driven in part by global oil market volatility linked to the on-going war in ...

U.S. President Donald Trump said that the naval blockade on Iranian ports will remain in full force and effect, even as the Middle Eastern country said the Strait of Hormuz is now completely open.

In spite of more than four years of claiming that price inflation was transitory, and that it would quickly return to the Fed’s two-percent target, the Fed has insisted on more easy-money policy over ...

Elizabeth Renter, Senior Economist at NerdWallet, breaks down how inflation and oil price shocks are driving higher costs and squeezing consumers today. Iran live updates: Trump orders Navy to 'shoot, ...

U.S. wholesale prices rose 0.5% in March, matching February’s increase. Producer inflation climbed 4.0% over the past year, the largest annual gain since early 2023. The data suggest moderate but ...

Trump: Gas prices through November could "be the same or maybe a little bit higher." Up North businesses that rely on summer tourism worry about higher gas prices. Michigan gas prices, which topped $4 ...