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The latest CPI data don't even factor in the Iran conflict. Here are some takeaways.
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Wealthy nations pledge record release of emergency oil reserves in a bid to calm surging prices AP NewsCountries agree on historic release of crude reserves to lower oil and gasoline prices CNNCountries agree to a historic release of stockpiled oil to ease global disruption NPRIEA agrees to release record 400 million barrels of oil to address Iran war supply disruption CNBC
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The Economic Winners and Losers of the Iran War WSJTrump will tap oil reserve as Iran war drives up gas prices AxiosThe toll the war in Iran has on the U.S. economy NPRHow the Iran war and surging oil prices are affecting consumers at the gas pump and beyond AP NewsTrump says US will tap Strategic Petroleum Reserve Politico
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Gas prices don't move in lock step with crude, usually trailing increases or drops by a few days.
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Oil prices surpassed $90 a barrel Friday, with American crude settling at $90.90, up 36% from a week ago.
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