US Crude Hits $98.04, a One-Month High, Amid Hormuz Supply Concerns
US crude futures rose 3.1% to $98.04 a barrel on Oct. 15, 2026, which RTTNews tied to supply concerns after two ships were struck in the Strait of Hormuz.
Diesel at $6.30 a Gallon: Analysts Doubt US-Russia Deal Will Lower Prices Fast
US diesel is $6.30 a gallon, up about 60% in a year, according to EIA data cited by DW. Analysts at Commerzbank and the German Economic Institute told DW a US-Russia diesel deal is unlikely to bring fast relief.
US Inflation Hits 3.7%: What September’s CPI Report Means for Your Wallet
The consumer price index rose 3.7% in September 2026, up from 3.4% in August, according to the Bureau of Labor Statistics. CNBC links the rise mainly to Iran war energy costs. Here is what it means for borrowing costs and household budgets.
Oil Near $105 a Barrel, Diesel Near $6.29: Why Tanker Rates Matter
Brent crude traded around $105 a barrel this week while diesel stayed near $6.29 a gallon, AAA data shows. Business Insider reports tanker rates have more than quadrupled in a year, according to Fearnpulse.
Energy Prices Jumped 20.4% in September, BLS Says; Food Companies Warn of Higher Costs
Energy prices rose 20.4% in September, the largest increase since May, the BLS said. Albertsons, McCormick and Conagra say fuel and freight costs are rising, which could push grocery prices up.
Diesel at $8 a Gallon: What the IEA’s 2027 Supply Warning Means for Your Fuel Bill
Diesel topped $8 a gallon in California as the IEA warned on October 14, 2026 that global diesel supply will stay tight into the second half of 2027 due to Iran war disruptions in the Gulf.
September CPI Rose 3.7% Yearly: What It Means for Your Budget
US consumer prices rose 0.6% in September and 3.7% over the year, the Bureau of Labor Statistics reports. Here is what drove the increase and what it could mean for a household budget.
Why Your Mortgage Payment Jumped: Home Sales, Prices and 7.4% Rates Explained
US existing home sales fell 2.2% from a year ago as the median price hit $417,500 and mortgage rates reached 7.4%, driven partly by oil-price-linked bond yields, NAR and AP report.
Why Older Americans’ Wealth May Be Propping Up US Spending
Federal Reserve and JPMorganChase data show households aged 75 and older gained 37% in net worth since 2022, while those under 35 lost 23%. Here is what that gap means for US spending.
Oil Dips Nearly 2% as Trump Claims Russia-Ukraine ‘Energy Ceasefire’; OPEC Cuts 2026 Demand Outlook
Brent crude fell 1.7% to $102.94 a barrel after President Trump announced an unconfirmed Russia-Ukraine energy truce, while OPEC cut its 2026 demand forecast for a fifth straight time and Strait of Hormuz tensions escalated.