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- National average gas price reaches $4.45 before summer driving season
Gas prices are entering the summer driving season at record levels, with the national average hitting $4.45 on May 2—the highest ever for that date.That’s up about $1.28 from a year ago, according to AAA, with prices rising across nearly every region.OIL, GAS PRICES JUMP AS TRUMP FLIRTS WITH STRIKING IRANIAN OIL INFRASTRUCTUREThe milestone underscores ongoing volatility in fuel markets, driven in part by the escalating conflict involving Iran, which has disrupted global oil supplies and pushed crude prices higher.It also suggests the usual seasonal run-up is starting from a much higher baseline. For consumers, that likely means higher transportation costs and continued pressure on household budgets.SAN FRANCISCO BECOMES FIRST US CITY WHERE DIESEL PRICES TOP $8 A GALLONWest Coast drivers are seeing the highest costs, with prices reaching $6.10 per gallon in California and $5.67 in Washington. Meanwhile, on the East Coast, gas prices have surpassed $4 in several areas, including $4.48 in Washington, D.C., and $4.52 in Pennsylvania.Meanwhile, in the Midwest, Illinois stands out at $4.93 per gallon, while much of the region remains in the mid-$4 range. While Southern states remain comparatively cheaper, prices are climbing there as well, with Georgia at $3.85, Texas at $3.92 and Florida higher at $4.34.GET FOX BUSINESS ON THE GO BY CLICKING HEREBeyond gasoline, other fuel costs are rising even faster. Diesel has climbed to $5.64, up about $2.09 over the past year. As a key fuel for freight, shipping and public transportation, it is especially sensitive to supply disruptions — and its rising cost can quickly ripple through the broader economy, pushing up prices on everything from groceries to goods.The surge underscores the broader economic risks tied to the standoff, as uncertainty around the Strait of Hormuz continues to weigh on energy markets. [TheTopNews] Read More.60 mins ago - Retiring Spirit pilot whose final flight was canceled gets tribute from competit...A Spirit Airlines captain whose retirement flight was scrapped by the carrier’s sudden shutdown got an unexpected sendoff as a Southwest crew stepped in to honor his decades in the cockpit.Capt. Jon Jackson was supposed to fly his final trip before retirement but instead found himself seated in the back of a Southwest flight heading home with his son, Chris Jackson, a Southwest first officer, Southwest wrote on Instagram."Chris casually mentioned to the flight’s pilots that this would have been his dad’s retirement flight. They seized the opportunity to change the course of the day for Capt. Jackson," the post read.The crew quickly sprang into action, coordinating with dispatchers to arrange a surprise retirement tribute upon landing in Baltimore.SEN WARREN BLASTED FOR CHEERING BLOCKING OF MERGER THAT MIGHT HAVE SAVED SPIRIT AIRLINESWhen the aircraft touched down, airport fire crews greeted it with a traditional water cannon salute, a symbolic honor typically reserved for milestone flights. Ground crews then welcomed the veteran pilot at the gate with cheers and a celebratory bottle of champagne."Ladies and gentlemen, Mr. Jon Jackson," a gate agent said over an intercom as the retiring pilot walked out to a round of applause from airport workers and travelers at the crowded gate."Very overwhelming, I can’t thank you all enough," Jackson said as he received a bottle of champagne. "As Spirit goes down, this is kind of a sad day, and you guys made it incredible. Thank you so much."TRUMP TRANSPORTATION SEC DUFFY ANNOUNCES RELIEF FOR SPIRIT AIRLINES FLYERS, EMPLOYEESSouthwest said the gesture was meant to recognize Jackson’s years of service after his original retirement plans were abruptly canceled."It was a powerful reminder of the aviation community’s ability to show respect, compassion, and solidarity when it matters most," the airline said in the social media post.The memorable farewell comes after Spirit announced early Saturday it would cease operations immediately, canceling all flights and shutting down customer service, leaving many travelers stranded. GET FOX BUSINESS ON THE GO BY CLICKING HEREThe collapse of the budget airline also reignited debate over whether federal regulators got it wrong in blocking a proposed JetBlue-Spirit merger, with opponents now arguing the decision may have reduced competition and contributed to the airline’s downfall.Fox News Digital’s Jasmine Baehr contributed to this report. [TheTopNews] Read More.1 hour ago
- ‘Devil Wears Prada’ Sequel Leads Box Office With $77 Million
It was the biggest opening weekend for a traditional comedy in 11 years. One analyst called the debut “sensational.” [TheTopNews] Read More.2 hours ago - Mamdani thanks same billionaire he targeted in tax video for NYPD moneyNew York City Mayor Zohran Mamdani built his political agenda by taking aim at billionaires. Now he’s praising one for backing the police.Last week, Mamdani publicly thanked Citadel billionaire Ken Griffin for supporting police funding, a moment that flew somewhat under the radar but offered a glimpse into a more complicated dynamic between the hedge fund king and the socialist mayor.NYC MAYOR CITES $180K RACIAL WEALTH GAP TO JUSTIFY TAXES, POLICE CUTS"I want to thank everyone who is here with us in the Hall of Heroes today, with special thanks to Police Commissioner [Jessica] Tisch and NYPD leadership," Mamdani said at One Police Plaza, speaking before department brass and families of slain officers."I also want to thank Ken Griffin for funding a memorial wall that will open later this year," he added.The acknowledgment came just days after a public spat between the two, sparked by Mamdani’s viral April 15 video promoting a proposed tax on second homes worth more than $5 million. Filmed outside Griffin’s 24,000-square-foot Central Park South penthouse—purchased for a record $238 million—the video singled out Griffin by name.FROM FREE BUSES TO CITY-OWNED GROCERY STORES, HERE ARE MAMDANI’S KEY ECONOMIC PROMISES"This is an annual fee on luxury properties worth more than $5 million, whose owners do not live full-time in the city. Like for this penthouse, which hedge fund CEO Ken Griffin bought for $238 million," Mamdani said in the clip.Griffin sharply criticized the move, calling it a "personal attack" and a "profound lack of judgment" during remarks at the Norges Bank Investment Management 2026 Investment Conference in Oslo, where he questioned what he described as the "demonizing" of business leaders.The clash underscores a widening divide between progressive ambitions for the city and the financial sector that has long powered its economy.GET FOX BUSINESS ON THE GO BY CLICKING HEREFollowing the episode, Griffin, who primarily resides in Florida, signaled he could reconsider a major Midtown Manhattan development, raising the stakes of the clash.For Griffin, the donation fits a broader pattern of backing law enforcement efforts in major cities; for Mamdani, the acknowledgment may signal a willingness to shore up funding for public safety. [TheTopNews] Read More.3 hours ago
- OPEC Plus, in Symbolic Gesture, to Increase Oil ProductionThe announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies. [TheTopNews] Read More.4 hours ago
- In five charts: How UAE’s exit could affect Opec’s influence over th...
The BBC takes a look in charts at what the UAE's departure could mean for the oil cartel and more widely. [TheTopNews] Read More.6 hours ago
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