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- While many international brands retreat, McDonald’s is supersizing its China b...
McDonald's plans to have 10,000 locations in China by the end of 2028, and the country is its second largest market. [TheTopNews] Read More.3 days ago - Used car prices fall for first time this year as gas prices spike, EV interest r...Cox Automotive reports affordability remains a key concern for buyers, which is driving increased demand for older vehicles as well as all-electric vehicles. [TheTopNews] Read More.3 days ago
- Family office deal-making rebounds in April with healthcare betsHealthcare startups made up nearly a third of April's investments by family offices. [TheTopNews] Read More.3 days ago
- Peloton beats estimates on revenue as higher subscription prices offer a boostPeloton CEO Peter Stern told CNBC that the company believes raising prices on its subscriptions was a value-driven move. [TheTopNews] Read More.3 days ago
- Diesel and Gas Prices Surge Across U.S. as Global Supply Concerns Grow
Fuel Prices Spike Nationwide as Global Tensions Impact Supply Fuel prices across the United States are rising sharply once again, driven by ongoing global supply concerns and geopolitical tensions. According to the U.S. Energy Information Administration (EIA), the national average diesel price increased by 29 cents to $5.640 per gallon. Meanwhile, gasoline prices climbed even higher, rising 33 cents to $4.452 per gallon. As a result, both trucking operations and consumer transportation costs are facing renewed pressure. This surge follows escalating conflict in the Middle East, which continues to disrupt global oil supply chains. Therefore, fuel markets remain highly sensitive to international developments. Diesel Prices Rise Across All Regions Diesel prices increased in every region of the country, with the Midwest experiencing the most significant jump. This sharp rise highlights how regional supply and demand differences can amplify price volatility. Regional diesel price changes include: Midwest: Up 61 cents to $5.742 (largest increase) Rocky Mountain: Up 25 cents to $5.517 Gulf Coast: Up 17 cents to $5.178 West Coast: Up 10 cents to $6.631 West Coast (excluding California): Up 7 cents to $6.000 East Coast: Up 8 cents to $5.504 In addition, AAA reports a slightly higher national diesel average of $5.659 per gallon. This is over $2 higher than the same time last year. Therefore, despite previous declines, diesel costs remain elevated on a year-over-year basis. Gasoline Prices Follow Upward Trend Gasoline prices are also rising across all regions, further increasing financial pressure on consumers. Although the EIA lists the national average at $4.123, regional data shows widespread increases. Key gasoline price changes include: Midwest: Up 52 cents to $4.399 Rocky Mountain: Up 34 cents to $4.359 East Coast: Up 29 cents to $4.251 Gulf Coast: Up 23 cents to $3.902 West Coast: Up 17 cents to $5.583 West Coast (excluding California): Up 17 cents to $5.135 Meanwhile, AAA reports a higher national average of $4.483 per gallon. This is approximately $1.32 higher than last year. As a result, gasoline prices are now at their highest levels since 2022. Global Supply Concerns Drive Market Volatility The primary driver behind rising fuel prices is ongoing uncertainty in global oil supply. The Strait of Hormuz, a key shipping route for oil, remains a major concern. Limited access to this route has reduced supply and pushed oil prices above $100 per barrel. Because of this, fuel… [TheTopNews] Read More.3 days ago - McDonald’s is about to report earnings. Here’s what to expectShares of McDonald's have fallen 10% over the last year, hurt by concerns about the broader economy. [TheTopNews] Read More.3 days ago
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