News · MarketWatch

As Trump touts energy companies’ fortunes, U.S. consumers face the most expensive year for gas prices ever

President Donald Trump keeps touting the profits U.S. energy companies have made during the Iran war. He is doing so while campaigning across the country for Republican candidates ahead of next week’s midterm elections.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on MarketWatch ↗

Keywords

fuel pricesoil pricesDonald TrumpIranmidterm elections

Open a keyword to see other news on the same topic.

Related tickers and likely impact

DXY

• Neutral

Relevance: low

MarketCurrencies
Close on 10/27/2026102.37
Change that session+0.35%
DXY price, forecasts and signals →

SPY

• Neutral

SPDR S&P 500 ETF

Relevance: low

MarketUS stocks
SectorETF
Close on 10/27/2026769.72
Change that session+0.57%
SPY price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • US midterms : Iran war and cost of living put Trump foreign policy under pressure

    Foreign policy is playing an outsized role in the November 3 midterms, largely because of President Trump's war against Iran and its effect on living costs. Since the war began on February 28, petrol prices have risen nearly 50 per cent and diesel about two-thirds. Recent polling gives Democrats more than an 85 per cent chance of winning the House, while winning the Senate would require four seats, including at least two in states Trump carried by double digits in 2024. A Chicago Council survey found 86 per cent of Americans think the war hurt the cost of living, and 68 per cent say it was not worth fighting. Trump's approval hit a record low of 31 per cent in a Reuters/Ipsos poll, and 65 per cent of adults in an AP-NORC survey say higher prices are the result of his policies.

    thenationalnews.com·▲ XAU/USD▼ SPYmidterm electionsIrancost of living
  • Retail price impacts from the Iran war are uneven but add up for US households before midterms

    More than seven months into the U.S. war with Iran, higher fuel prices are making driving and flying more expensive and pushing up the cost of some goods, though retailers have not raised prices across the board. Moody's Analytics chief economist Mark Zandi estimates the war has cost the average U.S. household almost $2,000, including $1,100 in higher energy prices, $540 in higher interest rates and $360 in military costs. The national average gasoline price was $4.33 a gallon, 45% above its prewar level, while diesel rose 68% to $6.33, according to AAA. Airfares were about 22% higher than a year earlier, and USDA now expects grocery prices to rise 2.4% this year, up from an initial forecast of 1.7%. Many companies have absorbed part of their higher costs, but a sharp rise in wholesale prices suggests some may pass on more if fuel prices stay high.

    chicagotribune.com·inflationoil pricesIran
  • Retail price impacts from Iran war uneven, add up before midterms – NBC Chicagonbcchicago.com·inflationoil pricesIran
  • Retail price impacts from the Iran war are uneven but add up for US households before midterms

    More than seven months into the U.S. war with Iran, higher fuel prices are making driving, flying and some goods more expensive, though store prices have not risen across the board. Moody's Analytics economist Mark Zandi estimates the war has cost the average U.S. household almost $2,000, including $1,100 in energy prices, $540 in interest rates and $360 in military costs, with the energy portion growing by $50 a week. AAA reported gasoline at $4.33 a gallon on Friday, 45% above its prewar level, while diesel reached $6.33, up 68%. Airfares were about 22% higher in September than a year earlier, and USDA now expects grocery prices to rise 2.4% this year, up from an initial 1.7% forecast. Some retailers appear to be absorbing part of their higher costs, though experts warn that perishable goods could rise quickly if fuel prices stay high.

    cecildaily.com·oil pricesfuel pricesIran
  • Obama Blasts Trump on Iran Conflict , Higher Prices While Stumping for Democrats - Latest News In Nigeria , Nigeria News Today , Your Online Nigerian Newspaper

    Former President Barack Obama criticized Donald Trump's handling of the war with Iran and rising consumer prices while campaigning in Ohio and Michigan ahead of the November 3 midterm elections. Obama said the conflict, now entering its eighth month after U.S. and Israeli strikes began in late February, has given Tehran more leverage over the Strait of Hormuz and pushed up oil, diesel and overall prices. He contrasted this with the 2015 nuclear deal, which he said kept Iran from obtaining nuclear weapons, and blamed Trump for withdrawing from it. Trump, campaigning in Georgia, defended his record, said oil prices would fall, and repeated a pledge of $5,000 payments to adults if Republicans keep Congress. The midterms will determine control of Congress for the rest of Trump's term.

    nigerianeye.com·▲ XAU/USDDonald TrumpIranoil prices
  • US - Israel military planning : New strike plans against Iran being developed for post - US election window

    According to US officials, the US and Israeli militaries have drawn up plans for renewed strikes on Iran after the American midterm elections, with a short but intensive operation in preparation. Both sides have stepped up drills, including flights over Iraq, and Defense Secretary Pete Hegseth met Prime Minister Benjamin Netanyahu in Israel this week to discuss new strikes. Likely targets include Iran's energy infrastructure, nuclear facilities, and missile and drone arsenal. Some officials argue one more large round of attacks could push Iran's economy to the brink and force diplomatic concessions, while skeptics point out that the February to April campaign drove up global energy prices and inflation, eroded Middle East security and severely strained the Pentagon's missile interceptor supply. Trump has repeatedly vetoed plans for major combat this year, and Israel's election on Tuesday could complicate the timeline.

    brisbanetimes.com.au·▲ PAXG/USDT▲ XAUT/USDT▲ XAU/USD▼ QQQIrangeopoliticsoil prices

Related markets

Currencies →US stocks →

Latest news

  • TSLA Stock Rises As Cybercabs Overtake Model Ys In Authorized Texas Robotaxi Fleet

    Data from the Texas Department of Motor Vehicles shows Tesla's purpose-built Cybercab, a steering-wheel-free robotaxi, has become the majority of its authorized robotaxi fleet in Texas for the first time, with 544 of 1,051 vehicles. Model Y accounts for 507, a shift from early October when the registry showed 319 Cybercabs against 420 Model Ys. The data covers authorization only, not whether vehicles are operating or carrying riders. Cybercabs currently run only in Austin, while Tesla's robotaxis operate in Austin, Houston, Dallas and parts of Florida; Tesla said it is looking to add Cybercabs in Dallas next month. TSLA closed 4% higher on Tuesday but is down 9% year to date.

    Yahoo Finance·▲ TSLATSLAelectric vehiclesself-driving cars
  • Why Brown & Brown Stock Slumped by 5% Today

    Brown & Brown's third-quarter revenue was almost $1.73 billion, up more than 7% from a year earlier but below the analyst average of $1.76 billion. GAAP net income rose almost 6% to $240 million, while adjusted earnings per share inched up nearly 2% to $1.07, short of the $1.09 consensus. The company cited a challenging rate environment of softening insurance premiums and said the Accession Risk Management Group acquisition, a $9.8 billion deal in 2025, helped results. Organic revenue, which excludes acquisitions, rose barely over 1% to $1.46 billion, pointing to weakness in the legacy business. The stock closed nearly 5% lower on Tuesday amid a broad investor sell-off.

    Yahoo Finance·insuranceearningsmergers and acquisitions
  • Penguin Solutions, Broadcom, FormFactor, Lattice Semiconductor, and AMD stocks trade up, what you need to know

    Several chip and AI hardware stocks rose in the afternoon session after Broadcom reportedly secured $63 billion in bank financing to develop proprietary AI chips for Anthropic. Anthropic's IPO filing and Meta's equity offering were seen as signs that tech capital spending remains robust. PENG rose 7.8%, AVGO 3.8%, FORM 5.9%, LSCC 5.2% and AMD 5.3%. The article notes PENG had dropped 9.4% five days earlier after warnings that component shortages and cleanroom constraints would limit chip equipment makers through 2027, citing Lam Research. PENG has had 69 moves greater than 5% over the past year.

    Yahoo Finance·semiconductorsartificial intelligenceAMD
  • Investing $1,000 in Each of These 3 Stocks 20 Years Ago Would Have Created a Portfolio Worth $674,000 Today

    The article calculates that a $1,000 investment in each of Nvidia, Netflix and Amazon 20 years ago would be worth about $674,000 combined as of October 26. Nvidia's stake would be worth about $383,000, with most gains coming in the past couple of years as generative AI took off; the chipmaker's operating profit totaled nearly $200 billion over the past four quarters, its market cap is around $5.3 trillion, and it trades at 28 times trailing earnings. Netflix's stake would be worth more than $161,000, but its stock has fallen this year on concerns about slowing growth and is trading near its 52-week low. Amazon's stake would be worth about $130,000, and its operating income last year reached $80 billion, more than six times the $12 billion of three years earlier; the stock trades at around 20 times trailing earnings. The author argues these growth stocks can still be good buys today.

    Yahoo Finance·NvidiaNetflixAmazon
  • Western Digital, Allegro MicroSystems, Amtech, and Teradyne shares skyrocket, what you need to know

    Several semiconductor stocks rose sharply in the afternoon session after Broadcom obtained $63 billion in bank financing to develop proprietary AI chips for Anthropic. Alongside Anthropic's IPO filing and Meta's equity offering, the news signaled that tech capital spending remains robust. Among the gainers, Western Digital (WDC) rose 8.1%, Allegro MicroSystems (ALGM) gained 6.4%, Amtech (ASYS) added 5.1% and Teradyne (TER) climbed 5.6%. The article notes WDC has had 79 moves greater than 5% over the past year, and about 22 hours earlier the stock had gained 5.2% after Bank of America projected memory chip supplies would stay tight through 2028. Citing CNBC, the article says semiconductor fabrication equipment spending is projected to exceed $200 billion in 2027, as demand outpaces clean-room capacity and the availability of critical parts.

    Yahoo Finance·semiconductorsartificial intelligenceWestern Digital
  • Is Benz Mining (TSXV:BZ) Cheap On Icon Drilling Results Or Already Priced In?

    Benz Mining (TSXV:BZ) reported extensive drilling results from the Icon gold camp at its Glenburgh Gold Project in Western Australia, confirming repeated stacked high-grade gold lenses. The share price rose 11.03% on the day and 10.47% over the past week, but fell 15.62% over 30 days; it is up 180.38% year to date and returned 205.52% over 12 months. A valuation narrative cited in the article puts fair value at CA$6.28 versus a last close of CA$4.43, implying 29% undervaluation. The article notes the market values Benz above C$1 billion without a current maiden Mineral Resource, and the stock trades at 26.4 times book value versus 2.2 times for the Canadian metals and mining group. Risks include less of the Exploration Target converting into compliant ounces than hoped or weaker project economics in future studies.

    Yahoo Finance·goldminingvaluation

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.