US gas prices surged to $4.43 per gallon, a 61% increase since December, driven by oil prices reaching $126 per barrel amid escalating tensions in the Strait of Hormuz. California's gas prices neared record highs, impacting consumer costs significantly. The Federal Reserve noted elevated inflation linked to rising energy prices, with potential interest rate hikes expected. Prolonged closure of the Strait of Hormuz could disrupt travel plans and hurt airlines and cruise industries.
American Airlines plans to open a 3,700-square-foot grab-and-go lounge called Provisions at New York's JFK Airport by the end of this year. This new lounge will feature a barista bar with hot and iced coffee, along with hot and cold food options for ...
US Treasury Secretary Scott Bessent urged gasoline retailers to lower pump prices following a drop in crude oil prices. This comes after President Trump called for gas prices to fall to around $2.50 per gallon amid easing tensions in the Middle East ...
