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Americans are already biking to work, pooling trips and adjusting travel plans, MarketWatch has reported. Those who can are looking for cheaper gas prices in their area.
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PepsiCo's quarterly earnings and revenue topped Wall Street's expectations.
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PepsiCo shares rallied Thursday after the beverage and snack giant indicated that new products and recent price cuts had brought back wary customers, while noting that it hadn't taken much of a hit yet from the Iran war.
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Investors are betting on peace — but they're not looking at the whole picture.
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Oil prices stabilized and stocks rose on optimism that diplomatic talks could yield a permanent peace deal.
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Airlines have raised airfare, fuel surcharges and baggage fees this year to help cover a surge in fuel costs since the Iran war started on Feb. 28.
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Many Fed districts also reported growing signs of financial strain among consumers, along with increased price sensitivity and rising demand at food banks.
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Wall Street was on track to open lower again Friday as oil prices continued to climb, hitting the highest level in nearly two years less than a week since the U.S. and Israel began bombing Iran, one of the world's top oil producers.
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