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Energy

Trump says he'll move to suspend federal gasoline tax. He can't do it on his own

By MATTHEW DALY
May 11, 2026 1:19 pm - WASHINGTON (AP) — President Donald Trump said Monday he will move to suspend the federal tax on gasoline to help Americans shoulder surging fuel prices caused by the Iran...
How do data centers benefit the places where they’re built? Local mayors give mixed reviews

By NIKOEL HYTREK
May 11, 2026 9:32 am - Lawmakers currently are debating how to regulate data centers while balancing that goal with the economic benefits the facilities can bring to communities. No regulations have moved beyond the discussion stage, and it’s unclear whether they’ll pass this spring. The most significant economic development data centers bring come from property taxes, construction job creation and community developments.
Trump says Iran ceasefire is on 'life support' and proposes gas tax pause as strait stays closed

By JON GAMBRELL and SAMY MAGDY
May 11, 2026 8:28 am - U.S. President Donald Trump on Monday said the Iran ceasefire is on “life support” after rejecting Tehran’s latest proposal, which officials said included some nuclear concessions. Trump also proposed suspending the federal gas tax to help with higher fuel prices caused by the war.
US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April

By PAUL WISEMAN
May 08, 2026 8:23 am - America’s employers a delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war.
US fires on and disables 2 more Iranian tankers as tensions rise in the Strait of Hormuz

By ADAM SCHRECK and AUDREY McAVOY
May 08, 2026 7:11 am - U.S. forces fired on and disabled two Iranian oil tankers on Friday after exchanging fire with Iranian forces in the Strait of Hormuz overnight. The United Arab Emirates, meanwhile, reported another Iranian missile and drone attack.
Iran creates new agency to control shipping in Strait of Hormuz while reviewing peace deal with US

By ADAM SCHRECK, DAVID MCHUGH and RUSS BYNUM
May 07, 2026 1:08 pm - Iran has created a government agency to vet and tax vessels seeking passage through the crucial Strait of Hormuz, a shipping data company reported Thursday, as Tehran said it was reviewing the latest U.S. proposals for ending the war.
Gas prices hit $5 across the suburbs; key inflation gauge jumps to highest level in 3 years

By CHRISTOPHER RUGABER
Apr 30, 2026 7:57 am - A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve.
Another Russian oil facility burns after Zelenskyy touts Ukraine’s drone reach

By The Associated Press
Apr 29, 2026 8:21 am - Another oil facility deep inside Russia was reportedly on fire Wednesday following what Ukraine’s president claimed was his country’s latest long-range drone attack.
US consumer confidence inches higher in April despite Iran war, soaring gasoline prices

By MATT OTT
Apr 28, 2026 10:16 am - U.S. consumer confidence rose modestly in April despite growing anxiety over soaring energy prices brought on by the war in Iran.
United Arab Emirates says it will leave OPEC, a blow to the oil cartel

By JON GAMBRELL
Apr 28, 2026 7:58 am - The United Arab Emirates said Tuesday it will leave OPEC effective May 1, stripping the oil cartel of one of its largest producers and further weakening its leverage over global oil supplies and prices.

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