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The innovator of no-frills air travel cancels all flights and shuts down, doomed by surging jet fuel prices and the collapse of a $500 million government bailout.
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Trump is running out of options to contain gas price backlash The Washington Post‘There's a day of reckoning coming': Energy experts expect another spike at the pump PoliticoPresident Trump says highest gas prices since 2022 are worth it as Iran War approaches 10th week WMTWOil's Near Wartime Highs. The Shock Is Now Slamming a Trump Political Stronghold. WSJ
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Iranian proposal rejected by Trump would open strait before nuclear talks, Iran official says ReutersIran Softens Conditions for Resuming Peace Talks With the U.S. WSJIran war latest: Trump rejects latest peace proposal FOX 32 ChicagoOil prices fall after Iran sends updated peace proposal to mediators in Pakistan
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Gas prices are up across the country. Here's where you'll find the most expensive -- and cheapest -- gas ABC News - Breaking News, Latest News and VideosAmericans Spent $125 Million More on Gas Friday Than They Did a Week Ago WSJOil Prices Spike, National Average Up Nearly 30 Cents in One Week AAA Gas PricesCalifornians now paying 6 bucks a gallon for kicks on Route 66 Reuters
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American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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The April 7 high of $113 in Western Texas Intermediate crude futures will likely be broken, traders on the prediction markets platform think.
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