Used EVs keep getting more expensive amid Iran war, high gas prices

Current price of oil as of July 8, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Motorists berate oil marketers over high cost of petrol despite global price drop

Many motorists in the Federal Capital Territory (FCT) have expressed concern about the high cost of fuel despite a drop in global oil prices. According to them, many filling stations across the FCT have yet to adjust their fuel pumps to reflect the price drop. The News Agency of Nigeria (NAN) reports that the price [] The post Motorists berate oil marketers over high cost of petrol despite global price drop appeared first on Vanguard News.

BUDI Madani Diesel tidak beri kesan kepada Inflasi

PETALING JAYA: Program BUDI Madani Diesel dijangka memperluas akses subsidi diesel kepada kira-kira 700,000 pemilik kenderaan yang layak di seluruh negara, dengan penjimatan dianggarkan sekitar RM2 bilion setahun, namun penganalisis berpendapat kesannya terhadap inflasi kekal terhad. TA Securities Holdings Bhd berkata, pelaksanaan BUDI Madani Diesel oleh Kementerian Kewangan merupakan fasa seterusnya dalam agenda reformasi subsidi ... Read more The post BUDI Madani Diesel tidak beri kesan kepada Inflasi appeared first on Utusan Malaysia.

Why electric cars cost more to insure - and what's being done about it

The insurance cost of electric vehicles is still putting many would-be buyers. So what can be done about it?

Ukraine accumulates only half of necessary gas reserves for winter

The accumulation is hampered by rising prices on the European energy markets and high demand for gas in EU countries

Trump Gets Big Midterm Warning in Devastating Survey

Evelyn Hockstein / REUTERSPresident Donald Trump is facing a fresh warning ahead of the midterms, as a new survey shows that rising gas prices are hitting American households hard.A survey released by Gallup found that roughly two-thirds of U.S. adults say higher fuel costs have negatively affected their household finances. The poll, conducted among 1,001 adults between June 1 and June 15, comes as energy markets continue to react to geopolitical instability in the Middle East.Gasoline prices have climbed significantly since the war in Iran began, with average prices exceeding 5 a gallon in seven states. Oil prices have risen by approximately 35 percent, contributing to broader increases in energy costs. Read more at The Daily Beast.

Reform of the EU Electricity Market Design: A Step in the Right Direction?

Energy prices have increased significantly since 2021 due to demand transformations in the post-Covid-19 pandemic period and Russia’s war on Ukraine adversely affecting European households and businesses. Specifically, increased energy demand attributed to a dynamic global economy rebound after the pandemic led to increased electricity prices, thereby causing the first wave of an unfolding energy [] The post Reform of the EU Electricity Market Design: A Step in the Right Direction? appeared first on Modern Diplomacy.

Is E20 Petrol Damaging Your Car? Kejriwal Demands Answers On Mileage And Repair Costs

Arvind Kejriwal has escalated his attack on the Centre’s E20 petrol rollout, saying vehicle owners should not be left to bear the cost if older cars and two-wheelers suffer lower mileage or component damage after using higher ethanol-blended fuel.

Consumers shift to premium petrol amid E20 concerns; demand doubles at Delhi fuel stations: Sources

Delhi's fuel retail market is witnessing a sharp shift as more motorists opt for premium petrol variants such as XP95, XP100 and Speed 97 amid concerns surrounding E20 fuel, sources told Business Today TV. The trend comes even as the Centre clarifies that E20 petrol is currently costlier to produce than conventional petrol at prevailing crude oil prices.

US airlines’ fuel spending jumps 84% in May to $6.7B

Middle East conflict drives sharp rise in jet fuel costs, while fuel consumption slips 0.6 year-on-year

StarCharge Releases Industry White Papers: From Infrastructure to Network Systems, Microgrids Moving from Customization to Scaling Up Development

CHANG ZHOU, CHINA - Media OutReach Newswire - 7 July 2026 - The global new energy vehicle market has seen rapid growth in recent years. With continued strong expectations for new energy vehicle exports, the global electric vehicle (EV) charging market is entering a new stage of rapid expansion. ...

More people buy second-hand electric car as fuel prices surge due to Iran war

Sales of used electric vehicles in the Netherlands rose sharply in the first half of this year, increasing more than 54 to 70,547 cars compared with a year earlier, according to industry group BOV

2 in 3 facing financial hardship from gas prices: Gallup

Two in three Americans are facing financial hardship due to increased gas prices, according to a new poll gauging the Iran war's impact on the U.S. economy. In the Gallup poll, 67 percent of respondents said “recent price increases in gasoline” have resulted in “financial hardship” for themselves or their household. Thirty-three percent said recent gas...

ExxonMobil vs. Chevron: Which Oil Dividend Stock is the Better Buy for a Lifetime of Passive Income

These two oil giants go head-to-head.

Why Audi's £82k diesel SUV can run on vegetable oil - but is it better than getting an EV and where can I fill up?

Why Audi's £82k diesel SUV can run on vegetable oil - but is it better than getting an EV and where can I fill up?

Iran inflation nears 89% as war strains economy

Iran inflation nears 89 as war strains economy Iran's inflation rate accelerated sharply in June, reaching 88.6 percent year-on-year, according to the country's Statistics Centre, which linked the surge to the economic impact of the recent war. The official agency said food prices more than doubled during the Persian month of Khordad, which runs from 22 May to 21 June, compared with the same period last year. Bread and grain prices rose nearly 138.8 percent, while red meat and poultry prices increased 178.2 percent. Iran has faced persistent inflationary pressures for years amid international sanctions and economic instability. People and traffic move through central Tehran, 22 June 2026, after the United States temporarily suspended sanctions on Iranian oil following talks in Switzerland (Atta Kenare/AFP)

The Iran conflict saw jet fuel prices soar—when you use 1.88 million tonnes a year, how you respond really matters (just ask DHL)

Since the start of the U.S.-Iran conflict and the closure of key shipping lanes in the Strait of Hormuz, businesses have been affected by supply chain issues and rising fuel prices. Jet fuel became a particularly expensive commodity, more than doubling in price from 800 per tonne prior to the conflict to a peak of []

Spain is to incrementally scrap its fuel discount over the summer – here’s what drivers need to know

DRIVERS in Spain are set to face higher fuel costs over the summer as the government begins phasing out its temporary fuel discount. The scheme, which currently reduces prices by

Record-High US Fuel Exports Are Straining Domestic Stockpiles

Unprecedented overseas demand for US diesel, propane and other fuels is straining commercial reserves from the Gulf Coast to the Eastern Seaboard as the US-Iran conflict reintensifies, pushing energy prices higher.

Why is FuelCell Energy stock surging today?

Why is FuelCell Energy stock surging today?

How to deal with seesawing gas prices

Gas prices have fluctuated since the U.S. and Israel launched a war on Iran, which disrupted shipping through the Strait of Hormuz and left consumers unsure of what they'll pay at the pump.

South Africa's Fuel Market Is Changing Hands, But the Bigger Story Is BRICS and Gulf Capital

South Africa's Fuel Market Is Changing Hands, But the Bigger Story Is BRICS and Gulf Capital

Iran war windfall puts Big Oil on collision course with Trump

Fuel price surge triggered by conflict brings pain for consumers but profit gusher for US groups

World weathers historic oil shock, but depleted reserves bring risks

The world has coped unexpectedly well with the disappearance of over a billion barrels of oil since the start of the Iran war, yet the risk of sharp price increases still hangs as...

Fuel prices set for big rollback on June 23

The price cuts will offer motorists some breathing room, though pump prices are still higher than before the Middle East conflict

EV boom brings higher insurance costs for drivers

EV boom brings higher insurance costs for drivers

Hormuz: China Oil Demand Tapped out, Heavy Truck EVs Rise

If the country stops needing to use diesel for trucks, that is game over for petroleum

Fuel prices to increase in Romania after excise duty reduction ends

Fuel prices to increase in Romania after excise duty reduction ends

Government Breaks with Regional Trend on Fuel Prices

The Hungarian government is ending the era of protected fuel prices, as market prices have fallen below the state-imposed price caps. However, experts urge caution. The geopolitical situation surrounding Iran and the Strait of Hormuz continues to cause extreme volatility at gas stations—and Hungary’s neighbors are choosing a completely different path. Last week, motorists in [] The post Government Breaks with Regional Trend on Fuel Prices appeared first on Hungary Today.

Gas prices up $4.50, diesel up $2.44

KINGSTON, Jamaica — Motorists should see an increase at the pumps in the price of gasoline effective Thursday, July 9, according to the latest ex-refinery costs from Petrojam.90-octane will be sold for 205.70 per litre after an increase of 4.50, while 87-octane will be sold for 198.28, an increase of 4.50.Automotive Diesel will be sold for 206.50 after a 2.44 increase, and ultra-low sulphur diesel will be sold for 222.08 per litre, up 3.06.Propane liquid petroleum will be sold for 75.82 per litre, down 0.25, and butane liquid petroleum will be sold for 84.79 per litre, up 0.25.Marketing companies and retailers will add their respective markups to these prices.