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<body><div><p>Some people carry a coupon. One Honda Ridgeline owner carries a card that makes a dealership service desk squirm. It promises free oil changes for life, it is still valid, and the dealer has to honor it.</p><figure class="wp-block-image size-full"><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0IK9B5_1H0tsQr900" alt="https://img.particlenews.com/image.php?url=0IK9B5_1H0tsQr900" width="1920" height="1080" ></figure><p>The owner, who posts as <a href="https://www.instagram.com/ranchboss1/" rel="nofollow">@ranchboss1</a>, says his 2007 Honda Ridgeline came with that offer, and he has only pulled the card out twice. Each time, he says, the dealership reacts as if it is “swallowing a big bone.”</p><p>And that is not the only dealership gripe in his story. The same service department also quoted him a price for a replacement key that sent him shopping online.</p><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/reel/DeuWxegnLZw/" data-instgrm-version="14"><a href="https://www.instagram.com/reel/DeuWxegnLZw/" rel="nofollow">View this post on Instagram</a></blockquote><script async src="https://www.instagram.com/embed.js"></script><h2 class="wp-block-heading">“Oil Changes Free For Life” Was The Big Deal In 2007</h2><p>When he bought the truck, the big selling point at the time was free oil changes for life. It sounds like a dream, and for the buyer it still is.</p><p>There are strings attached, and he lays them out plainly. The offer is non-transferable, and it has to be used at the same dealership that sold the truck.</p><p>That means the card belongs to him alone, and only one service department has to honor it. Even so, the promise has lasted for years, and he can still hold it up.</p><h2 class="wp-block-heading">“They Hate This Thing” Says The Man Holding The Card</h2><p>He says he has used the card only twice, but the reaction is memorable. The dealership chokes on it, he says, like it is swallowing a big bone.</p><p>His explanation is simple. “They hate this card because it’s still valid, and they have to honor it,” he says, and then he shrugs: “Oh well.”</p><p>It is a funny picture. Years after the original sale, a small piece of paper still has the power to make a business keep its word.</p><h2 class="wp-block-heading">$400 For A Key He Found Online For $150</h2><p>Then comes the second punchline. He says dealerships are hardly famous for generosity, and he backs that up with another example.</p><p>When he wanted to replace the key to his truck, the dealer wanted $400. He found the same thing online for $150, so he is going somewhere else for that job.</p><p>The gap is $250, which is enough to make anyone pause. A key that costs more than a good set of tires is the kind of price that sends customers searching for options.</p><h2 class="wp-block-heading">A Friendly Reminder That Promises Have To Be Kept</h2><p>Whatever you think of dealerships, there is something satisfying about a customer who holds a business to its word. The card is not a trick or a loophole. It is the same offer that helped sell the truck in the first place.</p><p>Years later, the truck still runs, the owner still has the card, and the dealer still has to deliver. That is what a promise looks like when it is written down and kept.</p><h2 class="wp-block-heading">Why Modern Car Keys Cost So Much</h2><p>Keys are no longer simple pieces of metal. Many contain a transponder chip that talks to the vehicle, and the car will not start unless the chip and the car agree.</p><p>That means a replacement key usually has to be cut and also programmed to match the vehicle. Dealers charge for both steps, and prices vary from one shop to another.</p><p>It also explains why online prices can be so different. A blank key from a seller on the internet may cost far less than one from a service counter, but it still needs to be cut and programmed by someone with the right equipment.</p><h2 class="wp-block-heading">How To Shop For A Replacement Key Without Getting Burned</h2><p>If you need a new key, start by calling around. Ask the dealer, a local locksmith and an automotive key shop for quotes, and ask each one whether the price includes cutting and programming.</p><p>When you buy online, check that the key matches your exact year, make and model. A key that looks right but carries the wrong chip will not start the car, and returns can be a hassle.</p><p>Ask a local shop whether it will program a key that you bring in. Some will, some will not, and it is much better to find out before you pay for the key than after.</p><p>Finally, think about a spare. Making a copy while you still have a working key is generally easier and cheaper than replacing a key after the last one is lost.</p><h2 class="wp-block-heading">How To Make A Lifetime Promise Work For You</h2><p>If you have a lifetime service offer of your own, treat it like gold. Keep the card or paperwork in a safe place, and read the fine print so you know exactly what is covered.</p><p>Use it as the terms allow. In this owner’s case, that means going back to the dealership that sold the truck, and using the card every time an oil change is due.</p><p>Keep your service receipts, too. A paper trail shows that the work was done, and it helps in any disagreement about what the offer covers.</p><p>Be polite but firm. This owner is calm about the whole thing, hands over the card, and lets the offer do the talking.</p><p>His story is a good reminder that a deal made years ago can still be worth honoring today. A card from 2007 is still doing its job, and a $400 key quote is still a good reason to shop around.</p><h2 class="wp-block-heading">More Stories You May Like</h2><ul class="wp-block-list"><li><a href="https://steelhorserides.com/producer-buys-a-2300-2007-toyota-yaris-to-skip-a-rental-on-a-3000-mile-road-trip-then-a-leaking-clutch-slave-cylinder-gets-him-towed-off-the-track-and-it-was-not-even-cheaper/" rel="nofollow">Producer Buys A $2,300 2007 Toyota Yaris To Skip A Rental On A 3,000 Mile Road Trip, Then A Leaking Clutch Slave Cylinder Gets Him Towed Off The Track And It Was Not Even Cheaper</a></li><li><a href="https://steelhorserides.com/man-pays-227550-for-a-maybach-convertible-puts-240-miles-on-it-in-two-months-then-sells-it-for-195000-after-a-best-offer-call/" rel="nofollow">Man Pays $227,550 For A Maybach Convertible, Puts 240 Miles On It In Two Months, Then Sells It For $195,000 After A Best Offer Call</a></li><li><a href="https://steelhorserides.com/black-widow-crawls-onto-his-hand-from-the-fuel-nozzle-while-filling-an-abandoned-jet-fuel-powered-deuce-and-a-half-then-the-truck-fires-up-unexpectedly-and-will-not-shut-off/" rel="nofollow">Black Widow Crawls Onto His Hand From The Fuel Nozzle While Filling An Abandoned Jet Fuel Powered Deuce And A Half, Then The Truck Fires Up Unexpectedly And Will Not Shut Off</a></li></ul></div></body>

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Some people carry a coupon. One Honda Ridgeline owner carries a card that makes a […]

Dealership Chokes Like Swallowing A Big Bone When Man Pulls Out His 2007 Honda Ridgeline Free Oil Changes For Life Card, Then Quotes $400 For A Key He Found Online For $150

<body><div><p class="wp-block-paragraph">Few things sting like paying for a big repair and then watching the check engine light come right back. That is where a young couple in Utah found themselves with their 2018 Ford truck, a 5.0 Coyote V8 pickup with about 148,000 miles. As it turned out, the real trouble was the catalytic converters.</p><figure class="wp-block-image size-full"><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0oTtnH_1GyNXnyL00" alt="https://img.particlenews.com/image.php?url=0oTtnH_1GyNXnyL00" width="1280" height="720" ><figcaption class="wp-element-caption">Image Credit: Dave's Auto Center / YouTube (left); Jpogi / Wikimedia Commons, CC BY-SA 4.0 (right)</figcaption></figure><p class="wp-block-paragraph">The couple brought their story to <a href="https://www.youtube.com/@DavesAutoCenterCenterville" rel="nofollow">@DavesAutoCenterCenterville</a>, the shop owner and mechanic known as Dave, and his longtime technician Tyson. They had the truck towed in and asked a simple question: can anyone figure out what is really wrong?</p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div style="position:relative;width:100%; height:0; padding-bottom: 56.25%;"><iframe src="https://www.youtube.com/embed/UmSIvt6Lgcc?feature=oembed" allowfullscreen="true" scrolling="no" frameborder="0" sandbox="allow-scripts allow-same-origin allow-popups allow-popups-to-escape-sandbox" style="width:100%; height:100%;top:0; left:0; position:absolute"></iframe></div></figure><p class="wp-block-paragraph"><a href="https://www.youtube.com/watch?v=UmSIvt6Lgcc" rel="nofollow">Watch the original video</a></p><h2 class="wp-block-heading">A Used Engine That Did Not End The Trouble</h2><p class="wp-block-paragraph">According to the couple, the truck ran well from August until February. Then it started showing low oil pressure and misfires. They say the first shop kept it for about two months before running a compression test. That shop told them two cylinders read 112 to 115 psi and that the truck needed a new engine.</p><p class="wp-block-paragraph">So the shop installed what the couple believe was a used engine. However, they say the check engine light came back about 20 miles down the road. After about a month, the low oil pressure warning returned too. By then, the couple had also added five quarts of oil because the dipstick looked dry.</p><p class="wp-block-paragraph">Dave makes a point of not judging other shops on camera. Instead, he treats the conversation like a doctor’s visit. He collects the symptoms first, then hands the truck to Tyson.</p><h2 class="wp-block-heading">The Dipstick Mistake Behind The Smoke</h2><p class="wp-block-paragraph">The first surprise came on the dipstick. Dave calls the husband and says the engine is overfull, not low.</p><p class="wp-block-paragraph">“I think you were three or four quarts overfull.”</p><p class="wp-block-paragraph">He explains that a crankshaft whipping through too much oil froths it up, much like beating eggs. That foamy oil can end up on the cylinder walls and burn, which matches the smoke the couple saw. Later, he walks them through checking a dipstick on fresh oil, and he admits he has misread one himself more than once.</p><p class="wp-block-paragraph">Meanwhile, Tyson finds no misfire codes at all. Instead, the scan shows a catalytic converter efficiency problem on bank one. A pressure test of the cooling system also finds no leak, so the couple never needed the water pump they feared.</p><h2 class="wp-block-heading">Testing The Catalytic Converters</h2><p class="wp-block-paragraph">Dave describes what a converter does in plain terms. It works like a honeycomb inside the exhaust, and a long misfire can melt it down.</p><p class="wp-block-paragraph">“it’s like putting a potato in your exhaust pipe.”</p><p class="wp-block-paragraph">To confirm it, Tyson graphs both rear oxygen sensors on a test drive. A healthy converter should leave the rear sensor signal fairly flat, yet bank one keeps swinging. Next, he checks the exhaust with a temperature gun before and after each converter. A working unit runs hotter at the back, but these did not.</p><p class="wp-block-paragraph">Along the way, the shop also finds loose ends from the engine swap. A nut was missing from the oil cooler lines, which were flopping around, and a bracket had been left off. Then Dave makes an offer the couple did not expect.</p><p class="wp-block-paragraph">“We’re going to replace that for you. We’re going to do that free of charge.”</p><p class="wp-block-paragraph">When Tyson pulls the old units, chunks of the passenger-side converter spill out. He puts in new catalytic converters and oxygen sensors, trims an aftermarket pipe to fit and uses proper flange hardware.</p><p class="wp-block-paragraph">“So that cat is definitely toast.”</p><h2 class="wp-block-heading">What We Took From This Repair</h2><p class="wp-block-paragraph">This one is a reminder that the loudest symptom is not always the cause. Here is what we would keep in mind:</p><ul class="wp-block-list"><li>Check oil on a level surface with the engine off, wipe the dipstick once and read it in good light.</li><li>Never top off by guesswork; add a little, wait, then check again.</li><li>Treat a flashing check engine light as a stop sign, because misfires can ruin catalytic converters.</li><li>Ask any shop to explain the condition, the cause, the correction and how it confirmed the fix.</li><li>Keep every invoice, so the next technician can follow the history.</li></ul><h2 class="wp-block-heading">Where Things Stand</h2><p class="wp-block-paragraph">Tyson then puts about 150 miles on the truck. All of the readiness monitors set, which means it should be ready for an emissions test. Dave tells the couple the new catalytic converters should last as long as they keep coolant, raw fuel and burning oil out of the exhaust. They say they plan to bring the truck back if anything else comes up. The video closes with Dave choking up as he thanks Tyson, who he says has worked with him for 31 years.</p></div></body>

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Few things sting like paying for a big repair and then watching the check engine light come right back. That is where a young couple in Utah found themselves with their 2018 Ford truck, a 5.0 Coyote V8 pickup with about 148,000 miles. As it turned out, the real trouble was the catalytic converters. The...  The post Couple Says A Used Engine Didn’t Fix Their 2018 Ford Truck, Then A Mechanic Finds Quarts Of Extra Oil And Crumbling Converters And Replaces Them Free appeared first on FAST LANE ONLY .

Couple Says A Used Engine Didn’t Fix Their 2018 Ford Truck, Then A Mechanic Finds Quarts Of Extra Oil And Crumbling Converters And Replaces Them Free

<body><div><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=26ydT8_1H0qTVvg00" style="display:none" alt="https://img.particlenews.com/image.php?url=26ydT8_1H0qTVvg00" width="1253" height="743" ></p><h2>Running On Memories</h2><p>You probably remember the car your dad drove. But what about the name on the pump when he filled it up? These gas brands were around in the 1950s, and some stayed for decades afterward. Others disappeared before the kids in the back seat were old enough to drive. </p><p>How many have these names ring a bell?</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2UCNNp_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=2UCNNp_1H0qTVvg00" width="1200" height="624" ><a href="https://www.gettyimages.ca/detail/news-photo/girl-pumps-gas-for-a-customer-at-a-local-gas-station-in-los-news-photo/596752643?utm_source=simplefeedreferral" rel="nofollow">Michael Ochs Archives, Getty Images</a></p><h2>Kan-O-Tex</h2><p>The name practically gave you its original sales territory: Kansas, Oklahoma, and Texas. Kan-O-Tex paired a star with a sunflower, giving motorists a little geography lesson before they touched the pump. Anderson-Prichard acquired the company in 1953, putting this regional name on the road toward becoming a collector’s item.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=297bnq_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=297bnq_1H0qTVvg00" width="1920" height="1080" ><a href="https://commons.wikimedia.org/w/index.php?curid=19617166&amp;utm_source=simplefeedreferral" rel="nofollow">Pattie, Wikimedia Commons</a></p><h2>Flying A</h2><p>That winged A looked right at home beside a car with enormous tail fins. Tidewater used Flying A branding on both coasts during the 1950s, alongside the Associated and Tydol names before simplifying its identity. Later deals split the network, and Eastern stations eventually became Getty. The wings didn’t keep this one in the air forever.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1YeJEF_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=1YeJEF_1H0qTVvg00" width="1920" height="1080" ><a href="https://commons.wikimedia.org/w/index.php?curid=60760437&amp;utm_source=simplefeedreferral" rel="nofollow">Noël Zia Lee, Wikimedia Commons</a></p><h2>Amlico</h2><p>Amlico sounds like an insurance company, but it was American Liberty Oil Company’s gasoline brand. Its stations appeared in Texas during the 1950s, including around Dallas, Abilene, and Lubbock. American Petrofina acquired the brand in 1957. If you only remember Fina, you missed one of the names that came before it.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0pjSNl_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=0pjSNl_1H0qTVvg00" width="1920" height="1080" ><a href="https://pixabay.com/users/bernswaelz-1728198?utm_source=simplefeedreferral" rel="nofollow">bernswaelz, Pixabay</a></p><h2>Leonard</h2><p>Michigan motorists had a local name competing for their gas money: Leonard. During the 1950s, the company promoted increasingly high-octane gasoline, advertising a 105-octane fuel in 1957. By 1961, more than 700 stations sold Leonard products. This was a serious regional business, even if the name means nothing to you today.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3wBL3s_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=3wBL3s_1H0qTVvg00" width="1253" height="743" ><a href="https://www.pexels.com/photo/abandoned-gas-station-28058853/?utm_source=simplefeedreferral" rel="nofollow">Daniel Schweizer, Pexels</a></p><h2>Deep Rock</h2><p>Deep Rock sounds more like a quarry than somewhere your dad bought gasoline, but its stations were spread across the Midwest. Kerr-McGee acquired the business in 1955, including hundreds of retail outlets. The Deep Rock name continued afterward, so the purchase didn’t immediately mean a new sign above your usual pumps.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3qVHlv_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=3qVHlv_1H0qTVvg00" width="1920" height="1080" ><a href="https://commons.wikimedia.org/w/index.php?curid=195455976&amp;utm_source=simplefeedreferral" rel="nofollow">Thomas J. O'Halloran, Wikimedia Commons</a></p><h2>Hi-Power</h2><p>H. Earl Clack’s company sold Hi-Power gasoline across a broad stretch of the northern United States. By the time it merged with Husky in 1954, the business had about 200 wholesale and retail facilities across seven states. Husky Hi Power became the retail name, giving those familiar stops a new identity.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1X5gio_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=1X5gio_1H0qTVvg00" width="1920" height="1080" ><a href="https://www.pexels.com/@tonynojmansk-186688133?utm_source=simplefeedreferral" rel="nofollow">TonyNojmanSK, Pexels</a></p><h2>Utoco</h2><p>Utoco sounds like somebody shortened a much longer name. That’s essentially what happened with this Utah Oil Refining Company brand. Its territory included Utah, Idaho, and adjoining Western markets during the 1950s. Beginning in 1961, its stations became American. Another familiar name disappeared without the pumps necessarily going anywhere.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0dR7ls_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=0dR7ls_1H0qTVvg00" width="1253" height="743" ><a href="https://unsplash.com/photos/white-and-red-wooden-house-near-green-tree-under-blue-sky-during-daytime-OQg_T-O-Dc8?utm_source=simplefeedreferral" rel="nofollow">Jorge Segovia, Unsplash</a></p><h2>Lion</h2><p>Lion wasn’t some tiny operation with three pumps and a homemade sign. At its mid-1950s peak, nearly 2,000 Lion service stations dotted the South. The Arkansas company merged with Monsanto in 1955, although the station identity lasted longer. That’s a lot of places to fill up for a name people barely recognize now.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=49S9cL_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=49S9cL_1H0qTVvg00" width="1253" height="743" ><a href="https://commons.wikimedia.org/wiki/File:Vintage_Lion_gas_station_sign_along_a_road_in_East_Texas_LCCN2014633366.tif?utm_source=simplefeedreferral" rel="nofollow">Carol M. Highsmith, Wikimedia Commons</a></p><h2>Perfect Power</h2><p>Perfect Power didn’t leave much room for modesty. The Chicago-based discount gasoline retailer was still issuing road maps in 1957, shortly before Standard Oil of New Jersey acquired it. Its stations became Oklahoma, then later Enco. Remembering your usual gas station apparently required keeping up with a whole series of name changes.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0EbHtb_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=0EbHtb_1H0qTVvg00" width="1253" height="743" ><a href="https://commons.wikimedia.org/wiki/File:Seattle_-_Pedestrians_at_Jackson_St._and_Empire_Way,_1961_(26631589818).gif?utm_source=simplefeedreferral" rel="nofollow">Seattle Municipal Archives, Wikimedia Commons, Enhanced</a></p><h2>Tydol</h2><p>If Flying A rang a bell, Tydol might explain why. Tidewater used the Tydol Flying A identity in its Eastern territory before simplifying the branding to Flying A during the mid-1950s. These were connected identities within the same business. But recognizing the winged A doesn’t necessarily mean you remember seeing Tydol beside it.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1rcM5t_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=1rcM5t_1H0qTVvg00" width="1920" height="1080" ><a href="https://commons.wikimedia.org/wiki/File:Fitzpatrick%27s_Inc.,_De_Soto_--_Plymouth._Factory_Street,_Ansonia,_Conn._Phone_4-3118._We_make_service_a_science_(85017).jpg?utm_source=simplefeedreferral" rel="nofollow">Tichnor Brothers, Publisher, Wikimedia Commons</a></p><h2>Vickers</h2><p>By the 1950s, Vickers had a chain of about 300 service stations across the Midwest. The Kansas company also sponsored the Wichita Vickers basketball team, giving people another reason to recognize the name. Buying gasoline and following basketball could involve the same company. That’s one way to keep customers thinking about you.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=39XO5t_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=39XO5t_1H0qTVvg00" width="1920" height="1080" ><a href="https://commons.wikimedia.org/w/index.php?curid=94938644&amp;utm_source=simplefeedreferral" rel="nofollow">Lefibreguy, Wikimedia Commons</a></p><h2>Elreco</h2><p>Elreco sounds mysterious until you know it came from the El Dorado Refining Company of Kansas. The company operated service stations across the western Plains before American Petrofina acquired its operations in 1958. Fina branding followed. Another regional gasoline name was being pushed aside before the 1960s even began.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=11FAIl_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=11FAIl_1H0qTVvg00" width="1920" height="1080" ><a href="https://pixabay.com/users/Falkenpost-1987955?utm_source=simplefeedreferral" rel="nofollow">Falkenpost, Pixabay</a></p><h2>Pan-Am</h2><p>Pan-Am wasn’t only a name associated with air travel. Southern motorists could also buy Pan-Am gasoline in Alabama, Louisiana, Mississippi, and Tennessee. Standard Oil of Indiana began converting those stations to Amoco in 1956. If your family kept stopping at the same place, the name above the pumps could change around you.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0YaP6i_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=0YaP6i_1H0qTVvg00" width="1253" height="743" ><a href="https://www.gettyimages.in/detail/news-photo/view-of-pan-am-premium-gasoline-circa-1948-in-nashville-news-photo/1300606369?phrase=Pan-Am+Gasoline&amp;adppopup=true&amp;utm_source=simplefeedreferral" rel="nofollow">Bob Grannis, Getty Images</a></p><h2>Johnson</h2><p>Johnson sounds ordinary enough that you could mistake it for the surname of the man running the station. But Chicago-based Johnson Oil Refining marketed gasoline across the Midwest. Gaseteria bought the company in 1956, then changed hands itself the following year. Former Johnson stations subsequently received the Oklahoma brand.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=00J8H7_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=00J8H7_1H0qTVvg00" width="1920" height="1080" ><a href="https://unsplash.com/@crystaltubens?utm_source=simplefeedreferral" rel="nofollow">Crystal Tubens, Unsplash</a></p><h2>Falcon</h2><p>Before Ford’s Falcon reached showrooms, Falcon was already a name motorists could encounter while buying gasoline. The Consumers Cooperative Association used it for retail operations after World War II, and a surviving 1955 road map carries the brand. This Falcon belongs in your memories of the pumps, rather than the driveway.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=28mcDY_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=28mcDY_1H0qTVvg00" width="1920" height="1080" ><a href="https://pixabay.com/users/LoggaWiggler-15?utm_source=simplefeedreferral" rel="nofollow">LoggaWiggler, Pixabay</a></p><h2>Wilshire</h2><p>Wilshire wasn’t only a famous Los Angeles boulevard. It was also a gasoline brand with some wonderfully unusual station architecture. Certain late-1950s locations featured canopies pierced by tall, spear-like supports. Gulf eventually replaced the Wilshire branding, but those distinctive buildings gave the old name something to leave behind besides signs and maps.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4cxfgJ_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=4cxfgJ_1H0qTVvg00" width="1920" height="1080" ><a href="https://commons.wikimedia.org/w/index.php?curid=193573470&amp;utm_source=simplefeedreferral" rel="nofollow">G. Edward Johnson, Wikimedia Commons</a></p><h2>Dixie</h2><p>Dixie wasn’t confined to the part of the country its name suggests. A Michigan-based distributor association connected independent petroleum businesses under the brand, with affiliates operating well beyond the South. A 1952 map from its El Paso affiliate survives. Your chances of remembering it depend on more than where you grew up.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0VAZLl_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=0VAZLl_1H0qTVvg00" width="1920" height="1080" ><a href="https://commons.wikimedia.org/w/index.php?curid=26459760&amp;utm_source=simplefeedreferral" rel="nofollow">Michael Rivera, Wikimedia Commons</a></p><h2>Champlin</h2><p>Champlin was based in Enid, Oklahoma, and had built a substantial network of service stations and wholesale outlets before the 1950s began. It changed owners in 1954, but the name stayed on the pumps. The retail business wasn’t sold to American Petrofina until 1984. Some supposedly forgotten brands had surprisingly long runs.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1YNepw_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=1YNepw_1H0qTVvg00" width="1920" height="1080" ><a href="https://commons.wikimedia.org/w/index.php?curid=180421736&amp;utm_source=simplefeedreferral" rel="nofollow">The Library of Congress, Wikimedia Commons</a></p><h2>Fleet-Wing</h2><p>Ohio-area motorists could fill up at Fleet-Wing, a regional gasoline name owned by Standard Oil of Ohio. In 1952, the brand offered Cleveland baseball player pictures and an album as a customer promotion. Gasoline got Dad into the station. A chance to collect his favorite players could make the stop interesting for the kids, too.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1bNlVN_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=1bNlVN_1H0qTVvg00" width="1253" height="743" ><a href="https://commons.wikimedia.org/wiki/File:Block_Card_1455_Miami_Street_-_DPLA_-_efd2573187706bc518890d18a56bf770.jpg?utm_source=simplefeedreferral" rel="nofollow">Unknown Author, Wikimedia Commons, Enhanced</a></p><h2>Pennzip</h2><p>You know Pennzoil, but does Pennzip ring any bells? Pennzoil used that name for its gasoline business, which operated in parts of the eastern United States. Surviving 1950s road maps carry the brand. Apparently, remembering what Dad poured into the engine doesn’t mean you’ll remember what he put in the tank.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0YPfym_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=0YPfym_1H0qTVvg00" width="1253" height="743" ><a href="https://www.pexels.com/photo/pete-s-gas-station-museum-on-route-66-38328820/?utm_source=simplefeedreferral" rel="nofollow">Lindsey Willard, Pexels</a></p><h2>D-X</h2><p>Two letters were enough to identify this Midwestern gasoline brand. Mid-Continent Petroleum had previously used Diamond and Diamond D-X branding, but a 1954 road map shows the simpler D-X identity. The hyphen later disappeared, too. Sun Oil eventually acquired the business, sending another familiar roadside name toward replacement.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=16WGhv_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=16WGhv_1H0qTVvg00" width="1920" height="1080" ><a href="https://unsplash.com/@marshallpublic?utm_source=simplefeedreferral" rel="nofollow">Marshall Public Library, Unsplash</a></p><h2>Richfield</h2><p>Richfield was a substantial Western oil company, with stations serving motorists throughout the 1950s. In 1966, it merged with Atlantic to create Atlantic Richfield, the name behind ARCO. So this one didn’t simply disappear without a trace. Millions of drivers have encountered its corporate descendant without knowing what the original name was.</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2YZWaa_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=2YZWaa_1H0qTVvg00" width="1920" height="1080" ><a href="https://commons.wikimedia.org/w/index.php?curid=192482168&amp;utm_source=simplefeedreferral" rel="nofollow">G. Edward Johnson, Wikimedia Commons</a></p><h2>Which One Did Your Dad Stop At?</h2><p>Some of these brands disappeared while Baby Boomers were still riding in the back seat. Others survived long enough for those same kids to become paying customers. How many names came back to you, and which station would your dad drive past three others to reach?</p><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3zvqCS_1H0qTVvg00" alt="https://img.particlenews.com/image.php?url=3zvqCS_1H0qTVvg00" width="1920" height="1080" ><a href="https://commons.wikimedia.org/w/index.php?curid=57546330&amp;utm_source=simplefeedreferral" rel="nofollow">inkknife_2000 (7.5 million views +), Wikimedia Commons</a></p><p>You Might Also Like:</p><p><a href="https://www.driversdaily.com/guides/hardest-muscle-car-trivia-quiz-ever?utm_source=simplefeedreferral" rel="noopener noreferrer nofollow" target="_blank">The Hardest Muscle Car Trivia Quiz Ever—Can You Even Get 8 Out Of 20?</a></p><p><a href="https://www.driversdaily.com/car-history/cars-pop-headlights-became-icons-safety-and-styling-changed-everything?utm_source=simplefeedreferral" rel="noopener noreferrer nofollow" target="_blank">Cars With Pop-Up Headlights That Became Icons Before Safety And Styling Changed Everything</a></p><p>Sources: <a href="https://en.wikipedia.org/wiki/Kanotex_Refining_Company?utm_source=simplefeedreferral" rel="noopener noreferrer nofollow" target="_blank">1</a>, <a href="https://encyclopediaofarkansas.net/entries/lion-oil-company-5583/?utm_source=simplefeedreferral" rel="noopener noreferrer nofollow" target="_blank">2</a>, <a href="https://www.fundinguniverse.com/company-histories/kerr-mcgee-corporation-history/?utm_source=simplefeedreferral" rel="noopener noreferrer nofollow" target="_blank">3</a></p></div></body>

Block Source: Drivers Daily

Running On Memories You probably remember the car your dad drove. But what about the name on the pump when he filled it up? These gas brands were around in the 1950s, and some stayed for decades afterward. Others disappeared before the kids in the back seat were old enough to drive. How many have these names ring a bell? Michael Ochs Archives, Getty Images Kan-O-Tex The name practically gave you its original sales territory: Kansas, Oklahoma, and Texas. Kan-O-Tex paired a star with a sunflower, giving motorists a little geography lesson before they touched the pump. Anderson-Prichard acquired the company in 1953, putting this regional name on the road toward becoming a collector’s item. Pattie, Wikimedia Commons Flying A That winged A looked right at home beside a car with enormous tail fins. Tidewater used Flying A branding on both coasts during the 1950s, alongside the Associated and Tydol names before simplifying its identity. Later deals split the network, and Eastern stations eventually became Getty. The wings didn’t keep this one in the air forever. Noël Zia Lee, Wikimedia Commons Amlico Amlico sounds like an insurance company, but it was American Liberty Oil Company’s gasoline brand. Its stations appeared

Forgotten 1950s Gas Station Brands. Even Baby Boomers Can't Remember 5 Of These

<body><div><p align="LEFT"><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2JT557_1H1YvlKB00" alt="https://img.particlenews.com/image.php?url=2JT557_1H1YvlKB00" width="600" height="500" ></p>(Dreamstime)<p></p><p>The Trump administration said it returned more than $12 billion, or nearly 99%, of the revenue obtained from the sales of Venezuelan oil since it ousted then-President Nicolas Maduro in January.</p><p>In a report released Thursday by the State Department, the accounting firm KPMG said the sales of Venezuelan crude, along with minor amounts of gold, minerals and fertilizer, produced $12.26 billion. Almost all of the money has been returned to Venezuela under the terms of a broad energy deal reached with the country's interim authorities, according to the report.</p><p>As of Sept. 30, the end of the 2026 budget year, $168.6 million remained in an escrow account managed by the U.S. Treasury Department, the report said.</p><p>Under the terms of the deal, Venezuelan crude is sold on the open market, with proceeds going into the U.S.-managed account. Venezuelan officials then seek approval for those funds to be returned to the country to pay for infrastructure and humanitarian needs.</p><p>The report offers a window into the Venezuelan government's finances since the U.S. captured Maduro — bringing him to New York to face drug-trafficking charges — and took effective control of the country's dilapidated oil industry.</p><p>The bulk of the more than $12 billion in oil revenue collected by the U.S. through September was disbursed to individuals and businesses in Venezuela through foreign exchange transactions with commercial banks in the country.</p><p>However, some $133 million was channeled to directly pay for services or supplies needed by the Venezuelan government, the report showed.</p><p>U.S.-approved transactions include $5 million for Miami-based law firm Greenberg Traurig, nearly $24 million for dialysis and coal-mining equipment, and $8.7 million to settle Venezuela's debts for vaccine procurements with the Pan-American Health Organization, it said.</p><p>The report redacts the names of the 20 companies that purchased oil and gold during the first nine months of 2026.</p><p>Still, each had to go through vetting by the U.S. government for compliance with sanctions and money-laundering controls — a sharp break from past practice when Venezuela's government faced little scrutiny in the management of its oil funds.</p><p></p> Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.</div></body>

Show less about: Donald Trump

Block Source: Newsmax

US Returns Nearly All Venezuelan Oil Proceeds

<body><div><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=31a51W_1Gz7vj5Z00" alt="https://img.particlenews.com/image.php?url=31a51W_1Gz7vj5Z00" width="1024" height="576" ></p><p>Drivers in Georgia and North Carolina are set to pay their states’ full gas taxes again on Dec. 1. Georgia’s suspension of its 33.3-cent-a-gallon gasoline tax and North Carolina’s suspension of its 41-cent motor fuel tax are both scheduled to end Nov. 30. For anyone with a 15-gallon tank, that works out to roughly $5 more per fill-up in Georgia and $6 more in North Carolina.</p><p>The break has been in place for weeks in each state, and neither state has announced anything that runs past the end of the month.</p><p>That puts a date on the household budget of anyone who buys gas in either state. Retirees on a fixed income who drive to the pharmacy, church or a doctor’s office every week will see the pump price rise the day the tax returns, and the only open question is whether Georgia’s governor or North Carolina’s legislature acts first. Until one of them does, Nov. 30 stands.</p><p></p><p><strong>Stay ahead of government payment news:</strong> Miss an enrollment or claim deadline and the money can be gone. Join the Retirement Money Brief and we’ll send you our 2026 Government Check Reality Tracker as a welcome gift.</p><p><strong><a href="https://retireshield.com/c/newsletter-government-check-tracker/article-cta/top/nf_g2/georgias-33-3-cent-gas-tax-break-and-north-carolinas-41-cent-suspension-are-both-set-to-end-nov-30-raising-fill-up-costs?src=msd&amp;nocache=1" rel="nofollow">Get the Brief + the check tracker →</a></strong></p><p><em>We may earn a commission from links on this page.</em></p><p></p><h2>Georgia’s break ends with the governor’s order</h2><p>Gov. Brian Kemp suspended Georgia’s motor fuel tax on Sept. 28 and extended it on Oct. 24 through Nov. 30, according to the <a href="https://gov.georgia.gov/press-releases/2026-10-24/gov-kemp-extends-suspension-state-gas-tax" rel="nofollow">governor’s office</a>. The tax is 33.3 cents a gallon on gasoline and 37.3 cents on diesel when it is in force. The suspension rests on a state of emergency declared over global market volatility and issued by executive order.</p><p>“I am proud to take this step to keep more money in Georgians’ pockets,” Kemp said in the release. The release does not say whether another extension would need a new emergency declaration or legislative action, and the governor’s office has not announced one.</p><p>The same release put the Georgia average for regular gas at $3.66 a gallon and diesel at $5.72, citing AAA. That left Georgia about 63 cents below the national average for gasoline and about 61 cents below for diesel.</p><h2>North Carolina’s pause was written into law</h2><p>North Carolina’s version came from the legislature. Session Law 2026-62, titled Relief at the Pump, was ratified Oct. 7 and approved Oct. 9, and it sets the motor fuel tax at zero cents a gallon from the day after it became law. The <a href="https://www.ncleg.gov/EnactedLegislation/SessionLaws/HTML/2025-2026/SL2026-62.html" rel="nofollow">text of the law</a> ends the suspension Nov. 30 and contains no clause that extends it.</p><p>The state’s Department of Justice describes the suspension as 41 cents a gallon on gasoline and diesel, running Oct. 10 through Nov. 30. Gov. Josh Stein signed the bill. Any extension past November would take another act of the General Assembly. The law also gives dyed diesel, the tinted fuel used off-road, a separate tax exemption from Oct. 1 through Dec. 31, 2026.</p><p>The state has also been watching whether stations passed the savings along. The <a href="https://ncdoj.gov/n-c-fuel-check-update-51-inquiry-letters-and-referrals-following-consumer-complaints-against-gas-stations/" rel="nofollow">attorney general’s office</a> said in a Nov. 6 update that it has followed up on 51 complaints. It sent 42 inquiry letters asking stations about passing along the tax savings and made nine referrals to the N.C. Department of Agriculture over differences between advertised and actual prices. Attorney General Jeff Jackson said drivers have been the state’s eyes and ears and that his office is now following up on their reports.</p><p>Drivers who see a station charging more than its sign says can report it at ncdoj.gov/ncfuelcheck or by calling 1-877-5-NO-SCAM. The same attention to prices will matter again on Dec. 1, when the tax returns and stations change their signs. Georgia’s release gives price figures but no complaint count.</p><h2>What the end of the break costs at the pump</h2><p>The arithmetic explains why the date matters. A 33.3-cent tax on 12 gallons is about $4.00, and on 15 gallons about $5.00. A 41-cent tax on 12 gallons is about $4.92, and on 15 gallons about $6.15. A driver who fills a 15-gallon tank once a week would pay about $260 a year in Georgia’s gasoline tax and about $320 in North Carolina’s tax.</p><p>Diesel drivers face a bigger swing in Georgia, where the tax is 37.3 cents a gallon. A 20-gallon fill-up of diesel carries about $7.46 in state tax once the suspension ends. North Carolina’s 41 cents applies to gasoline and diesel alike.</p><p>The North Carolina law also says the suspension period is disregarded when the state figures its 2027 motor fuel tax rate under G.S. 105-449.80. In plain terms, the pause is written to stay out of next year’s rate calculation.</p><p>Those figures are the tax alone. The pump price also moves with the wholesale market, which is the reason Georgia’s governor cited global volatility when he declared the emergency. The tax returning on a fixed date is one part of the price. Crude and refining costs are the other, and neither state controls them.</p><p>Nov. 30 is a Monday, four days after Thanksgiving. A fill-up on Nov. 29 and one on Dec. 1 are taxed differently in both states, so the end date lands in the middle of the holiday travel week.</p><p></p><h2>Planning for gas prices after Nov. 30?</h2><p></p><p>The end of a gas tax break is a price change that arrives on a fixed date, and the extra cost lands every week on drivers who budget by the gallon. Older drivers who fill up often pay it in small amounts that add up before anyone checks the receipt.</p><p>Senior Discounts Worth Asking For is a 12-page guide to discounts that are never offered unless someone asks. It covers Amtrak and city transit, with 10% off most rail fares and half fare on many buses, and utility rates for seniors, low incomes and medical needs. The nine places section lists who qualifies, what to bring and the exact words to use.</p><p><strong><a href="https://retireshield.com/c/senior-discounts/end-block/footer/qe_v3/georgias-33-3-cent-gas-tax-break-and-north-carolinas-41-cent-suspension-are-both-set-to-end-nov-30-raising-fill-up-costs?src=msd&amp;nocache=1" rel="nofollow">Get the senior-discounts guide with transit fares and utility rates to offset higher gas costs →</a></strong></p><p></p><p><em>This article was produced with AI assistance and edited for accuracy against the sources linked above.</em></p></div></body>

Block Source: Main Street Dollars

Drivers in Georgia and North Carolina are set to pay their states’ full gas taxes again on Dec. 1. Georgia’s suspension of its 33.3-cent-a-gallon gasoline tax and North Carolina’s suspension of its 41-cent motor fuel tax are both scheduled to end Nov. 30. For anyone with a 15-gallon tank, that works out to roughly $5 […]

Georgia’s 33.3-cent gas tax break and North Carolina’s 41-cent suspension are both set to end Nov. 30, raising fill-up costs

<body><div><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=13rZzg_1H1i8cOQ00" alt="https://img.particlenews.com/image.php?url=13rZzg_1H1i8cOQ00" width="1280" height="853" ></p><p>Gas station card skimmers are a growing concern for drivers who pay at the pump. These small devices can steal payment card information without making the transaction appear unusual.</p><p>Criminals often place them inside or over legitimate payment terminals, making them hard for unsuspecting customers to detect. Knowing what to look for before inserting a debit or credit card can help protect your financial information.</p><p>From loose card readers to unusual keypad behavior, several warning signs may indicate tampering. Understanding these signs can help drivers make safer payment decisions, recognize suspicious equipment, and reduce the risk of payment card fraud.</p><figure id="attachment_442702-3" class="wp-caption aligncenter"><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3mANtN_1H1i8cOQ00" alt="https://img.particlenews.com/image.php?url=3mANtN_1H1i8cOQ00" width="1280" height="853" ><figcaption id="caption-attachment-442702-3" class="wp-caption-text">Card Reader</figcaption></figure><h2>1. The Card Reader Looks Loose or Misaligned</h2><p>A loose or misaligned card reader is a warning sign that deserves attention. Gas station payment terminals are designed to keep their components firmly attached. When a card reader appears crooked, raised, or slightly separated from the surrounding panel, it may indicate unauthorized interference.</p><p>Criminals sometimes attach skimming equipment to legitimate payment terminals. These devices can be designed to resemble original card readers, making them difficult to recognize at first glance. A poorly fitted attachment may create visible gaps around the slot.</p><p>Before paying, take a moment to examine the card reader. Look at how it sits within the payment terminal. Compare its position with other components around it. Anything that appears unusually loose or uneven should make you cautious.</p><p>A reader that moves when lightly touched may also deserve attention. Legitimate payment equipment should feel stable and securely installed. However, avoid pulling, twisting, or attempting to remove any suspicious component.</p><p>Pay attention to differences between nearby pumps. Gas stations often use similar payment terminals across their locations. If one reader looks noticeably different from the others, it may have been modified or damaged.</p><p>Misalignment does not automatically mean a skimmer is present. Regular wear, accidental damage, and maintenance issues can also affect payment equipment. However, an unusual appearance is a good reason to choose another pump.</p><p>If something seems suspicious, do not insert your card. Move to a different payment terminal and inform the gas station attendant or manager. They can arrange an inspection before the equipment is used again.</p><p>Taking a few seconds to check the reader can help prevent unnecessary financial problems. A simple visual inspection is a practical habit for anyone who regularly pays for fuel at the pump.</p><figure id="attachment_442715-3" class="wp-caption aligncenter"><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2T3x5H_1H1i8cOQ00" alt="https://img.particlenews.com/image.php?url=2T3x5H_1H1i8cOQ00" width="1280" height="853" ><figcaption id="caption-attachment-442715-3" class="wp-caption-text">There Are Unusual Attachments Around the Card Slot</figcaption></figure><h2>2. There Are Unusual Attachments Around the Card Slot</h2><p>Unexpected attachments around a card slot can indicate possible payment terminal tampering. Gas station card readers should have a clean, consistent appearance without unnecessary plastic covers, extensions, or additional pieces surrounding the opening.</p><p>A card skimmer may be designed to look like part of the original terminal. However, some unauthorized devices have noticeable differences in shape, color, thickness, or finish. These differences can become easier to recognize when the reader is inspected carefully.</p><p>Look for components that appear separate from the main payment terminal. An unusual attachment may not match the surrounding equipment. Differences in material or finish can also raise questions about whether the reader has been altered.</p><p><strong><a href="https://daxstreet.com/cars/441960/9-signs-a-gas-pump-has-a-card-skimmer/" rel="nofollow">Continue reading.</a></strong></p></div></body>

Block Source: DaxStreet

Gas station card skimmers are a growing concern for drivers who pay at the pump. These small devices can steal payment card information without making the transaction appear unusual. Criminals often place them inside or over legitimate payment terminals, making them hard for unsuspecting customers to detect. Knowing what to look for before inserting a debit or credit card can help protect your financial information. From loose card readers to unusual keypad behavior, several warning signs may indicate tampering. Understanding these signs can help drivers make safer payment decisions, recognize suspicious equipment, and reduce the risk of payment card fraud. Card Reader 1. The Card Reader Looks Loose or Misaligned A loose or misaligned card reader is a warning sign that deserves attention. Gas station payment terminals are designed to keep their components firmly attached. When a card reader appears crooked, raised, or slightly separated from the surrounding panel, it may indicate unauthorized interference. Criminals sometimes attach skimming equipment to legitimate payment terminals. These devices can be designed to resemble original card readers, making them difficult to recognize at first glance. A poorly fitted attachment may create visible gaps around the slot. Before paying, take a moment to examine the

9 Signs a Gas Pump Has a Card Skimmer

<body><div><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=47amqF_1Gyygfvr00" alt="https://img.particlenews.com/image.php?url=47amqF_1Gyygfvr00" width="1280" height="853" ></p><p>This post includes affiliate links. If you purchase anything through these affiliated links, <a href="https://247wallst.com" target="_blank" rel="nofollow">247wallst.com</a> may earn a commission.</p><p>The U.S. average price of regular gasoline fell to $3.995 a gallon for the week of November 9, 2026, down from $4.153 the week before, a drop of $0.16 (3.8%). The weekly series comes from the U.S. Energy Information Administration and is distributed through the St. Louis Fed's FRED database. The new reading was released on November 10, 2026, and it is the first weekly average under $4 since July.</p><p>The timing hurts the White House. On Election Day, November 3, the national average set a record of nearly $4.20 a gallon. The sub-$4 reading showed up six days after voters had already gave both chambers of Congress to Democrats.</p> Trump Said Gas Prices Didn't Matter, Then Blamed Them for the Loss <p>Here is how the president's comments lined up in order:</p><ul><li><strong>October 26:</strong> Trump said he did not give a damn about gas prices with the midterms approaching (October 26, 2026).</li><li><strong>October 27:</strong> He posted that gasoline and diesel prices would "soon come plummeting down."</li><li><strong>November 4:</strong> In a phone interview with Fox News, he said, "People agree with what I'm doing on Iran, but they really probably weren't willing to do the short-term consequence of paying more for gasoline." He also said again that prices would fall "in a short while."</li></ul><p>The decline he promised did come. It just came a week too late to help on the ballot. Oil markets moved quickly after the vote, with crude falling sharply the day after the election as investors weighed the political rebuke.</p> Where $3.995 Fits in a Year of Painful Pump Prices <p>This table tracks the weekly series over the past year and ends with the new reading.</p><table><tbody><tr><th>Week of</th><th>Regular gas ($/gal)</th></tr><tr><td>November 10, 2025</td><td>3.056</td></tr><tr><td>January 12, 2026 (past-year low)</td><td>2.779</td></tr><tr><td>March 9, 2026</td><td>3.502</td></tr><tr><td>May 11, 2026 (past-year high)</td><td>4.500</td></tr><tr><td>July 6, 2026</td><td>3.777</td></tr><tr><td>September 21, 2026</td><td>4.478</td></tr><tr><td>October 12, 2026</td><td>4.331</td></tr><tr><td>November 2, 2026</td><td>4.153</td></tr><tr><td>November 9, 2026</td><td>3.995</td></tr></tbody></table><p>The national average has come down in every weekly reading since the $4.478 print on September 21. Over the past month it has fallen $0.36 (8.2%). Even so, it sits well above the past-year average of $3.738 and lands in the 47.2 percentile of the year's readings. Through October 14, 2026 had already logged a record 158 days with gas above $4. Gas in Trump's second term has averaged $3.458 a gallon, a bit more than the $3.455 average across Biden's four years, according to EIA data.</p><table><tbody><tr><th>Measure</th><th>Latest</th><th>Comparison</th></tr><tr><td>Weekly gas average</td><td>$3.995</td><td>$4.153 previous week</td></tr><tr><td>Month-ago gas average</td><td>$3.995</td><td>$4.354 (October 5)</td></tr><tr><td>Year-ago gas average</td><td>$3.995</td><td>$3.056 (November 10, 2025)</td></tr><tr><td>WTI crude ($/barrel)</td><td>$99.64 (November 3)</td><td>$110.01 peak (October 19)</td></tr><tr><td>CPI index</td><td>337.476 (October)</td><td>336.298 (September)</td></tr></tbody></table> What a Fill-Up Costs Drivers Now <p>The relief is real, but the starting point was high. Gas is up $0.939 a gallon from a year ago, an increase of about 30.7%. At the new average, a 15-gallon tank costs roughly $59.93. The same tank cost about $45.84 at the November 2025 price and $67.50 at the May peak. The pump average is still $0.505 below that May high.</p><p>Gas costs are also spreading into the wider economy. The Consumer Price Index rose 0.4% in October to a period high. University of Michigan consumer sentiment fell to 48.1 in September, down from 55.2 in July.</p> Two Competing Forecasts About to Be Tested <p>Two views of where prices go from here are now on the record. On October 19, economist Julia Coronado warned there would be no real relief at the pump. On November 7, David Sacks argued that <a href="https://247wallst.com/investing/2026/09/10/trump-shares-when-he-expects-iran-war-to-finally-end-and-when-gas-will-drop-below-2-a-gallon/?utm_source=newsbreak&amp;utm_medium=referral&amp;utm_campaign=newsbreak&amp;tpid=1701562&amp;utm_content=feed||1701562" rel="nofollow">ending the Iran war</a> would bring prices down. Crude explains part of the gap between them. WTI fell to $99.64 on November 3, down 3.6% on the week. That still leaves it close to the $100 level that marks high, inflationary oil.</p><p>Retail prices also tend to fall more slowly than they rise. Consumer advocate Clark Howard described the pattern on October 21, 2026: "When gasoline prices go up, they go up in a nanosecond. But then when the cost of oil coming out of the ground goes down, it's a really, really slow process down."</p> What to Watch in Next Week's Reading <p>The series is published weekly, with weeks ending Monday. The latest scheduled release was November 10, 2026, so the next reading will cover the week ending Monday, November 16. Sacks' view gains support if that reading falls toward the $3.738 past-year average. Coronado's warning gains ground if it climbs back above $4. Households and small businesses with heavy driving costs should keep the slow-decline pattern in mind when they set holiday travel and fuel budgets.</p><h2><em>Released: The Definitive Guide to Retirement Income</em></h2><p><em>(Sponsor)</em> Most people spend their entire working lives focusing on one thing: growing a pile of money. Then they retire and discover the skill they actually need is close to the opposite. Turning that pile into steady income, year after year, through good markets and bad, without ever running out.</p><p></p><p>It may be the least discussed and most consequential transition in personal finance, and plenty of otherwise careful investors walk into it with no real plan. That is exactly what <a target="_blank" href="https://247wallst.com/go/lp/fisher/ultimateincome?i=cf85d85b-9356-424e-a405-b7b5ea994bb0&amp;p=e9cfdb32-3f69-4ba3-8cc8-e4c7579f63ab&amp;pos=end_of_article&amp;tpid=1701562&amp;c=e9d80901-cfa9-4563-a2b7-4ab9f2e5f76f&amp;l=638c347b-1fc0-4533-9fc4-e1873549c1c3&amp;utm_source=newsbreak&amp;utm_medium=referral&amp;utm_campaign=newsbreak&amp;utm_content=feed||1701562&amp;site=247wallst" rel="nofollow">The Definitive Guide to Retirement Income </a>helps answer. It is a free guide from Fisher Investments covering what your retirement will really cost, where the cash flow should come from, and how much you can safely withdraw each year. Learn more here.<a target="_blank" href="https://247wallst.com/go/lp/fisher/ultimateincome?i=cf85d85b-9356-424e-a405-b7b5ea994bb0&amp;p=e9cfdb32-3f69-4ba3-8cc8-e4c7579f63ab&amp;pos=end_of_article&amp;tpid=1701562&amp;c=e9d80901-cfa9-4563-a2b7-4ab9f2e5f76f&amp;l=638c347b-1fc0-4533-9fc4-e1873549c1c3&amp;utm_source=newsbreak&amp;utm_medium=referral&amp;utm_campaign=newsbreak&amp;utm_content=feed||1701562&amp;site=247wallst" rel="nofollow"> Learn More Here ›</a></p><p><em>Contact <a href="mailto:editorial@247wallst.com?subject=Feedback%3A%20Trump%20Blamed%20Gas%20Prices%20for%20the%20Midterm%20Wipeout%2C%20Then%20They%20Dropped%20Six%20Days%20Too%20Late&amp;body=Please%20share%20your%20feedback%20here%3A%0D%0A%0D%0A---%0D%0A%0D%0ARegarding%20this%20article%3A%20https%3A%2F%2F247wallst.com%2Finvesting%2F2026%2F11%2F11%2Ftrump-blamed-gas-prices-for-the-midterm-wipeout-then-they-dropped-six-days-too-late%2F" rel="nofollow">editorial@247wallst.com</a> for any questions or corrections.</em></p></div></body>

Show less about: Joe Biden

Block Source: 24/7 Wall St.

The president shrugged off pump prices before the vote, then pinned the loss on them afterward. Now the numbers are finally moving, and two rival forecasts about what comes next are about to collide in next week's reading.

Trump Blamed Gas Prices for the Midterm Wipeout, Then They Dropped Six Days Too Late

<body><div><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3LVtUQ_1Gz6pzBC00" style="display:none" alt="https://img.particlenews.com/image.php?url=3LVtUQ_1Gz6pzBC00" width="1920" height="1440" ></p><p>For years, an oil spike mostly showed up at the gas pump and then faded without doing much to the rest of the price basket. That may no longer be the case. </p><p>Federal Reserve economists found that the effect of oil on core inflation, once “statistically indistinguishable from zero,” has risen to “an economically and statistically significant level,” <a href="https://www.federalreserve.gov/econres/notes/feds-notes/the-effect-of-oil-prices-on-core-inflation-recent-evidence-from-the-advanced-economies-20261109.html" rel="nofollow">according to a Federal Reserve note</a> published on Nov. 9.</p><p>Brent fell 16% last week, its steepest weekly drop since the pandemic began, and fell again on Nov. 9 to its lowest point since late August. </p><p>For anyone counting on cheap oil to close the inflation chapter, the research indicates a complication: The damage from earlier spikes may outlast the prices that caused them.</p><h2><strong>What the Fed researchers found</strong></h2><p>The note was written by Andrea De Michelis, Musa Orak, Avani Pradhan, and Albert Queralto, who studied data from 2000 through the second quarter of 2026 across the U.S., Canada, the euro area, Japan, and the U.K., the <a href="https://www.federalreserve.gov/econres/notes/feds-notes/the-effect-of-oil-prices-on-core-inflation-recent-evidence-from-the-advanced-economies-20261109.html" rel="nofollow">Federal Reserve reported</a>.</p><p>The authors stressed that the views are their own and that the results are not official forecasts.</p><p><strong>Also read: <a href="https://www.thestreet.com/investing/goldman-sachs-raises-oil-price-target-for-2027" rel="nofollow">Goldman Sachs resets oil price target for 2027</a></strong></p><p>The change in how oil feeds through is striking. Before the pandemic, a 10-percentage-point jump in relative oil-price inflation lifted core inflation by about 0.01 percentage point, an effect that’s too small to matter. </p><p>Since 2021, that same jump has added about 0.14 of a percentage point, <a href="https://www.federalreserve.gov/econres/notes/feds-notes/the-effect-of-oil-prices-on-core-inflation-recent-evidence-from-the-advanced-economies-accessible-20261109.htm" rel="nofollow">the researchers found</a>.</p><p>Inflation has also become stickier. The persistence of core inflation roughly doubled to roughly 0.65 from 0.35 before the pandemic, which means that price pressures take longer to fade once they start. </p><p>Put simply, an energy shock now leaves a longer trail.</p><p>Together, those two shifts add up. A lasting 10% rise in oil prices would lift the core price level by about seven times as much after three years as it would have under pre-pandemic patterns, the researchers estimated. </p><p>That is the kind of change that matters for central banks trying to judge how much of a price spike will simply pass.</p><h2><strong>Why it matters with oil still high</strong></h2><p>This is not an abstract question in 2026. The U.S.-Israeli war against Iran began on Feb. 28, and by late October, Brent crude was up 89% for the year. Higher fuel costs have hit motorists, truckers, farmers, and airlines alike.</p><p>Prices at the pump have started to come down, though slowly. The national average for regular gas was about $4.11 a gallon on Nov. 4, after peaking at $4.66 in late May, <a href="https://www.thestreet.com/economy/gas-prices-headed-lower-absent-escalation-in-the-middle-east" rel="nofollow">according to TheStreet</a>. </p><p>GasBuddy’s Patrick De Haan expects the average to fall below $4 soon, but that would still leave drivers paying far more than they did a year ago.</p><p>The spike has already shown up in the official numbers. Consumer prices rose 3.7% in September from a year earlier, above economists’ forecasts, while gasoline prices jumped 34.2%.</p><p>The Fed team’s projection shows where that could lead. Using the Brent futures curve from early August, they estimated that average core inflation across the five economies could climb to nearly 2.8% around mid-2027, roughly 0.6 percentage points above the path implied by pre-pandemic behavior. </p><p>The authors described that path as an upper bound rather than a central prediction, <a href="https://www.federalreserve.gov/econres/notes/feds-notes/the-effect-of-oil-prices-on-core-inflation-recent-evidence-from-the-advanced-economies-20261109.html" rel="nofollow">as the Fed note detailed</a>.</p><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3aTLr7_1Gz6pzBC00" alt="https://img.particlenews.com/image.php?url=3aTLr7_1Gz6pzBC00" width="1920" height="1280" ><figcaption>Prices at the pump have started to come down, though slowly.<p><a href="https://www.gettyimages.com/detail/2283876545" rel="nofollow">Bloomberg / Getty Images</a></p></figcaption></figure><h2><strong>A tougher trade-off for central banks</strong></h2><p>In their supply-cut scenario, the researchers pushed oil prices up by 10%. Economic output suffered about twice the damage it would have taken before the pandemic. </p><p>And borrowing costs still had to rise, <a href="https://www.federalreserve.gov/econres/notes/feds-notes/the-effect-of-oil-prices-on-core-inflation-recent-evidence-from-the-advanced-economies-20261109.html" rel="nofollow">as the Fed note explained,</a> even with growth already under pressure. Policymakers were left with no good option on either side.</p><p>The Fed is already living that trade-off. It raised rates in September and held them at 3.75% to 4% in October, with two policymakers pushing for another hike. </p><p>“I expect that monetary policy will need to move to a restrictive stance,” Cleveland Fed President Beth Hammack said on Nov. 5, <a href="https://www.reuters.com/business/feds-hammack-favors-gradual-rate-hike-path-lower-inflation-2026-11-05/" rel="nofollow">Reuters reported</a>.</p><p>Gov. Christopher Waller went further on Nov. 10. He said he was “leaning toward supporting an increase in our policy rate of 25 basis points” in December and that a 50-basis-point hike “should be considered” if October’s monthly inflation reading comes in hot, <a href="https://www.americanbanker.com/news/waller-calls-for-raising-interest-rates-25-basis-points-at-least" rel="nofollow">as American Banker reported</a>.</p><p>He also warned that even a quick end to the war would not bring immediate relief on diesel prices.</p><p><strong>More Oil &amp; Gas:</strong></p><ul><li><a href="https://www.thestreet.com/economy/ahead-of-election-oil-and-gas-prices-take-a-breather" rel="nofollow"><strong>Ahead of election, oil and gas prices take a breather</strong></a></li><li><a href="https://www.thestreet.com/investing/exxon-chevron-report-big-profits-and-say-new-investments-will-pay-off" rel="nofollow"><strong>Exxon, Chevron paint bullish pictures of the oil business</strong></a></li><li><a href="https://www.thestreet.com/economy/oil-prices-rise-as-threat-of-more-middle-east-war-builds" rel="nofollow"><strong>Risk of more Mideast war boosts oil, threatens your wallet</strong></a></li></ul><p>Wall Street is not ruling out another oil jump, either. Goldman Sachs raised its December Brent forecast to $105 a barrel from $90, citing the possibility of renewed supply disruptions in the Middle East. </p><p>If that happens, the Fed’s research suggests core inflation would feel it more than it once did.</p><h2><strong>The caveats, and what comes next</strong></h2><p>The authors flagged real limits on what they could conclude. Their data only stretches across a handful of post-pandemic years, an unusually volatile window that makes it genuinely difficult to separate a durable structural change from a string of one-time events. </p><p>They put it plainly: “Second-round effects have not yet materialized; however, risks are mounting.”</p><p>The oil market may also be loosening. JPMorgan estimated a global surplus of about 1.4 million barrels a day in October, and President Donald Trump said he was highly unlikely to order new attacks on Iran while talks continue, <a href="https://www.cnn.com/2026/11/08/politics/trump-interview-on-iran" rel="nofollow">CNN</a> reported.</p><p>The next few data releases will show how much of the energy shock has seeped into everyday prices. October consumer inflation data will be released on Nov. 10, followed by the PCE report on Nov. 25. </p><p>If core prices stay firm even as crude cools, the Fed’s warning about a louder oil signal will be hard to ignore.</p><p align="center"><strong><a href="https://www.thestreet.com/fed/kevin-warsh-changed-something-the-fed-has-not-touched-in-decades" rel="nofollow">Related: Kevin Warsh changed something the Fed has not touched in decades</a></strong></p></div></body>

Block Source: TheStreet

The energy market is changing, and the consequences could reach further than investors expect.

The Federal Reserve sees something changing in the oil market

<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3bYjBl_1H1oqxUS00" alt="https://img.particlenews.com/image.php?url=3bYjBl_1H1oqxUS00" width="1280" height="720" ><figcaption>Image by The White House, Public Domain</figcaption></figure><p>Oil markets faced renewed uncertainty after President Donald Trump suggested the United States no longer needed a deal with Iran, raising fresh concerns that the conflict could continue disrupting energy supplies. Although U.S. crude prices remained relatively close to the flatline, Brent crude moved higher as investors reconsidered the possibility of a prolonged confrontation in the Middle East, according to <a href="https://www.cnbc.com/2026/11/12/oil-prices-jump-after-trump-says-no-iran-deal-needed-weve-got-their-strait.html" target="_blank" rel="nofollow">CNBC</a>.</p><p><a href="https://www.cnbc.com/quotes/@LCO.1/" target="_blank" rel="nofollow">Brent crude</a> futures gained 0.7% to reach $93.41 per barrel; meanwhile, <a href="https://www.cnbc.com/quotes/@CL.1/" target="_blank" rel="nofollow">West Texas Intermediate</a> (WTI) futures slipped 0.05% to $86.47 per barrel at the time of writing. The mixed performance came after Trump made another <a href="https://truthsocial.com/@realDonaldTrump/posts/117603621591099598" target="_blank" rel="nofollow">statement</a> on Truth Social about the conflict, claiming Washington had already secured significant financial leverage over Tehran and control of the strategically important Strait of Hormuz.</p><p>“We don’t need a deal with Iran. Those days have long since passed. We’ve got their money, Hundreds of Billions of Dollars, and we’ve got their Strait!” Trump wrote. His remarks appeared to raise concerns about the possibility of further military escalation, particularly after he had previously suggested that additional attacks on Iran were unlikely. </p><h2 class="wp-block-heading" id="h-the-end-doesn-t-seem-in-sight">The end doesn’t seem in sight</h2><p>Trump had suggested earlier that fresh attacks on Iran were highly unlikely as negotiations to end the conflict progressed (per <a href="https://www.cnn.com/2026/11/08/politics/trump-interview-on-iran" target="_blank" rel="nofollow"><em>CNN</em></a>). However, reports of <a href="https://wegotthiscovered.com/politics/donald-trump-confirms-minor-us-strikes-on-an-iranian-island-while-telling-reporters-in-florida-that-we-are-talking-to-iran/" rel="nofollow">shipping being hit</a> in or near the Strait of Hormuz by both countries continued to raise concerns about the security of one of the world’s most important oil transportation routes.</p><figure class="wp-block-embed is-type-rich is-provider-x wp-block-embed-x"><blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">I have asked Vice President Vance to focus his complete and total attention on the Massive Corruption and Crime taking place in Democrat run Cities and States throughout the U.S. The Blue States, such as Minnesota, California, Illinois, and many more, are all poorly run, corrupt… <a href="https://t.co/rYI039OzfS" target="_blank" rel="nofollow">pic.twitter.com/rYI039OzfS</a></p>— Commentary Donald J. Trump Truth Social Posts On X (@TrumpTruthOnX) <a href="https://x.com/TrumpTruthOnX/status/2120866490111205525?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 12, 2026</a></blockquote><script async src="https://platform.x.com/widgets.js" charset="utf-8"></script></figure><p>Earlier, the president also said further military action did not appear necessary “at this point” (per <a href="https://www.reuters.com/world/middle-east/trump-says-us-military-action-against-iran-not-necessary-at-this-point-2026-11-09/" target="_blank" rel="nofollow"><em>Reuters</em></a>). Those comments helped ease fears that prolonged fighting would interfere with Middle Eastern oil supplies. However, John Kilduff, a partner at Again Capital, told CNBC that investors might have been too quick to assume the fighting would end.</p><p>“The market may have gotten ahead of itself on pricing in a cessation of hostilities,” Kilduff said. He warned that renewed uncertainty surrounding a potential agreement could push the security premium in <a href="https://wegotthiscovered.com/news/global-protests-break-out-over-rising-fuel-costs-as-us-iran-conflict-pushes-crude-past-100-a-barrel-this-will-let-things-explode/" rel="nofollow">oil prices higher</a>. </p><p>Andy Lipow, president of Lipow Oil Associates, offered another explanation for why the conflict might not be nearing a resolution. He suggested the administration could believe that maintaining an economic blockade would eventually pressure Iran into negotiating or cause its economy to collapse. However, he warned that Tehran could respond by targeting infrastructure across the Middle East, potentially pushing energy prices higher and forcing Washington back to negotiations.</p><p>He also added that neither side has changed its demands. “Iran wants the blockade to end, sanctions to be lifted, and a ceasefire including Lebanon to be declared. The USA wants Iran to get rid of its entire nuclear stockpile and allow free transit through the Strait of Hormuz,”&nbsp;he said.</p></div></body>

Block Source: We Got This Covered

Neither of the two countries seems to be backing down.

Trump says the US doesn’t need a deal with Iran, then America watches as oil prices soar again: ‘We’ve got their Strait!’

<body><div><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3v6sWA_1GyrJxtt00" style="display:none" alt="https://img.particlenews.com/image.php?url=3v6sWA_1GyrJxtt00" width="1920" height="1080" ></p><p>By early 2026, Japanese tech investment outfit SoftBank had reserved more power generation capacity than the entire state of Connecticut after cornering a huge portion of the global gas turbine production capacity. Now, the same company has chosen to take a $3.7 billion hit to its earnings after canceling reservations for the highly sought-after power generation hardware. The <em>WSJ</em><a href="https://www.wsj.com/business/energy-oil/masayoshi-sons-huge-bet-on-electrical-turbines-backfires-b51f160c" target="_blank" rel="nofollow">reports</a> that SoftBank had reserved more than 13 gigawatts of power-producing turbines, citing unnamed "people familiar with the orders." That's the equivalent of more than six Hoover Dams' worth of capacity, with SoftBank founder and chief executive Masayoshi Son believing that it would be vital to the company's earning potential moving forward. Notably, this development surfaced after SoftBank's CFO fired back at Elon Musk's recent revelation that the company had defaulted on turbine blade contracts, saying, "there is no such default."</p>Go deeper with TH Premium: AI and data centers<figure class="van-image-figure "><p class="vanilla-image-block"><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0uDwEY_1GyrJxtt00" alt="https://img.particlenews.com/image.php?url=0uDwEY_1GyrJxtt00" width="1920" height="1080" ></p><figcaption class="">(Image credit: Microsoft)</figcaption></figure><p class="fancy-box__body-text"></p><ul><li><a href="https://www.tomshardware.com/pc-components/cooling/the-data-center-cooling-state-of-play-2025-liquid-cooling-is-on-the-rise-thermal-density-demands-skyrocket-in-ai-data-centers-and-tsmc-leads-with-direct-to-silicon-solutions?utm_source=edit-links&amp;utm_medium=boxout&amp;utm_term=datacenter" target="_blank" rel="nofollow">The data center cooling state of play</a></li><li><a href="https://www.tomshardware.com/tech-industry/semiconductors/custom-ai-asics-examined-from-broadcom-to-mtia?utm_source=edit-links&amp;utm_medium=boxout&amp;utm_term=datacenter" target="_blank" rel="nofollow">The custom AI ASIC state of play </a></li><li><a href="https://www.tomshardware.com/tech-industry/americas-ai-chip-rules-keep-changing-and-the-rest-of-the-world-is-paying-the-price?utm_source=edit-links&amp;utm_medium=boxout&amp;utm_term=datacenter" rel="nofollow">America’s AI chip rules keep changing — and the rest of the world is paying the price</a></li><li><a href="https://www.tomshardware.com/tech-industry/gc-2026-press-q-and-a-transcript?utm_source=edit-links&amp;utm_medium=boxout&amp;utm_term=datacenter" rel="nofollow">GTC 2026: Ian Buck press Q&amp;A transcript — VP of Hyperscale and HPC speaks out on shelving CPX and shipping LPU decode this year</a></li><li><a href="https://www.tomshardware.com/pc-components/cpus/demand-for-data-center-cpus-has-surged-and-ai-agents-are-responsible-why-the-cpu-to-gpu-ratio-is-more-important-than-ever-for-hyperscalers?utm_source=edit-links&amp;utm_medium=boxout&amp;utm_term=datacenter" target="_blank" rel="nofollow">Demand for data center CPUs has surged, and AI agents are responsible</a></li></ul><p></p><p>The gas turbines were to power AI data centers, and <a href="https://www.tomshardware.com/tech-industry/artificial-intelligence/planned-10-gigawatt-softbank-data-center-in-ohio-might-be-the-largest-in-the-world-will-require-a-usd33-billion-natural-gas-plant-equivalent-to-nine-nuclear-reactors" rel="nofollow">SoftBank is set to build a 9.2-gigawatt power plant</a> in Ohio, with construction scheduled for early 2027. It'll cost $33 billion to build and will provide power to a neighboring eight-gigawatt data center. That data center will be leased to OpenAI, albeit only after <a href="https://www.tomshardware.com/tech-industry/data-centers/nvidia-weighs-250-billion-guarantee-so-openai-can-lease-softbanks-10-gigawatt-ohio-campus" rel="nofollow">Nvidia entered discussions about guaranteeing around $250 billion</a> of financing for the project.</p><p>But SoftBank got ahead of itself. After initially planning to use the turbines for future gas-powered plants, the company has now chosen to change direction. Orders for turbines, engines that convert natural gas into the electricity used by data centers, must be placed years in advance of them being required. The company had bet big, placing huge orders with the expectation that demand would greatly outstrip supply. That would leave SoftBank in an enviable position, holding huge orders for the vital components required as part of a data center rollout boosted by AI demand. But those reservations weren't cheap — turbine manufacturers regularly charge customers tens of millions of dollars per gigawatt.</p><p>It's now canceled its remaining reservations with GE Vernova, its turbine supplier, while also unwinding contracts for orders that were too far gone. SoftBank told investors on a recent earnings call that the orders had been placed “to secure power generation equipment in anticipation of shortages,” but it now appears it anticipated a little too much.</p><p>Crucially, SoftBank is also keen for everyone to know that this move was voluntary and that it did not default on its orders. That's contrary to what xAI CEO Elon Musk <a href="https://x.com/elonmusk/status/2118590598324318415" target="_blank" rel="nofollow">claimed in a post</a> on his X social network. SoftBank Chief Financial Officer Yoshimitsu Goto was quick to counter Musk's claims. “This is simply not correct at all,” Goto reportedly said. “There is no such default.”</p><figure class="van-image-figure pull-left inline-layout"><p class="vanilla-image-block"><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1bPyYa_1GyrJxtt00" alt="https://img.particlenews.com/image.php?url=1bPyYa_1GyrJxtt00" width="676" height="213" ></p></figure></div></body>

Block Source: Tom's Hardware

SoftBank might not have defaulted on a raft of gas turbine orders, but it has pulled out of deals for unwanted power units after overestimating how many it could use amid the AI data center buildout boom.

Softbank loses $3.7 billion on canceled AI data center gas turbine orders days after denying Elon Musk’s claim it was defaulting

Have You Been Wasting Money For Decades? You've been pouring fuel additives into your gas tank for 40 years, convinced you're protecting your engine. Now your mechanic says those expensive little bottles probably haven't accomplished much. Is he right, or have you been doing something smart that most drivers overlook? Factinate Ltd. Gasoline Already Contains Cleaning Chemicals Your mechanic's argument starts with something many drivers don't realize. In the United States, federal regulations already require gasoline to contain deposit-control detergents. These chemicals help prevent buildup that can interfere with engine performance, meaning your fuel is already doing some of the work those expensive bottles promise. Engin Akyurt, Pexels But Not All Gasoline Is Equal Although gasoline must meet minimum detergent requirements, some brands offer considerably stronger cleaning formulations. These differences can affect how much carbon buildup develops inside an engine. AAA investigated those differences in 2016 and uncovered some surprising results. Gustavo Fring, Pexels AAA Found A Shocking Difference AAA tested gasoline from different retailers and found that non-TOP TIER fuels produced 19 times more engine deposits than TOP TIER gasoline. The results came after 4,000 miles of simulated driving. The findings demonstrated that gasoline quality matters considerably more than

I've been adding fuel additives to my gas tank for 40 years, but my mechanic says they're a waste of money. Is he right?

<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3hxnk5_1H20U95v00" alt="https://img.particlenews.com/image.php?url=3hxnk5_1H20U95v00" width="1280" height="720" ><figcaption>Democratic Senator-elect Annie Andrews said she doesn't plan to go after President Donald Trump. BY: FOX NEWS CLIPS/YOUTUBE</figcaption></figure><p class="wp-block-paragraph">Democratic Senator-elect <a href="https://www.wonderwall.com/tag/annie-andrews/" rel="nofollow"><strong>Annie Andrews</strong></a> said she doesn’t plan to go after President <a href="https://www.wonderwall.com/tag/donald-trump-599/" rel="nofollow"><strong>Donald Trump</strong></a> once she takes office. Instead, she wants to work with his administration and focus on the concerns voters shared with her during the campaign.</p><p class="wp-block-paragraph">On Fox News’ <em>Special Report</em>, Andrews told <strong>Bret Baier</strong> that fighting the administration wouldn’t make groceries or gas more affordable for Americans. </p><p class="wp-block-paragraph">Andrews not only became the first Democrat elected to the Senate from South Carolina since 1998, but also pulled off an upset against Sen. <a href="https://www.wonderwall.com/politics/darline-graham-bad-news-south-carolina-senate-race-new-poll-shows-late-sen-lindsey-graham-sister-successor-tied-with-democrat-annie-andrews/" rel="nofollow"><strong>Darline Graham</strong></a>. </p><h2 class="wp-block-heading">The midterms</h2><figure class="wp-block-image size-full"><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=10VYsQ_1H20U95v00" alt="https://img.particlenews.com/image.php?url=10VYsQ_1H20U95v00" width="1280" height="720" ><figcaption class="wp-element-caption">Annie Andrews received 51.1 percent of the vote, while Darline Graham got 46.7 percent. BY: FOX NEWS CLIPS/YOUTUBE</figcaption></figure><p class="wp-block-paragraph">Baier noted that Andrews’ win was a big deal, considering Trump had won South Carolina in 2024 with 58.2 percent of the vote compared to <a href="https://www.wonderwall.com/politics/democratic-donors-warn-kamala-harris-against-2028-presidential-run/" rel="nofollow"><strong>Kamala Harris</strong>‘</a> 40.4 percent. </p><p class="wp-block-paragraph">According to NBC News, Andrews received 51.1 percent of the vote, while Graham got 46.7 percent. </p><p class="wp-block-paragraph">“What about dealing with President Trump?” Baier asked the senator-elect. “It seems like there are different voices in the Democrats coming in about how that’s going to go, whether it’s unified to fight or deal. Where are you?”</p><h2 class="wp-block-heading">Fighting Trump won’t help Americans</h2><figure class="wp-block-image size-full"><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4fWq0Q_1H20U95v00" alt="https://img.particlenews.com/image.php?url=4fWq0Q_1H20U95v00" width="1280" height="720" ><figcaption class="wp-element-caption">Annie Andrews said she was open to working with Donald Trump on several issues. BY: FOX NEWS CLIPS/YOUTUBE</figcaption></figure><p class="wp-block-paragraph">Andrews said she was open to working with the president on several issues, including border security, Medicaid and the Iran war.</p><p class="wp-block-paragraph">“Yeah, I’m willing to work with President Trump to secure the border, to stop these Medicaid cuts, to find a way out of this war,” she replied. </p><p class="wp-block-paragraph">“Fighting the administration is not gonna lower gas prices and grocery prices. It’s not gonna solve the problems that I’ve heard about for the past 18 months, so I’m gonna be laser-focused on delivering results and not a retribution tour because that’s what the people in South Carolina are expecting from me.”</p><h2 class="wp-block-heading">Solving problems </h2><figure class="wp-block-image size-full"><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2vaJRL_1H20U95v00" alt="https://img.particlenews.com/image.php?url=2vaJRL_1H20U95v00" width="1280" height="720" ><figcaption class="wp-element-caption">Annie Andrews talked about her time working in children’s hospitals. BY: FOX NEWS CLIPS/YOUTUBE</figcaption></figure><p class="wp-block-paragraph">The pediatrician also explained how her experience in children’s hospitals taught her to put patients and their families first. </p><p class="wp-block-paragraph">“I’m gonna walk up to the halls of Congress and do my best to solve as many problems as I can for the people of South Carolina,” Andrews added.</p><h2 class="wp-block-heading">Trump’s name-calling</h2><figure class="wp-block-image size-full"><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3qAv65_1H20U95v00" alt="https://img.particlenews.com/image.php?url=3qAv65_1H20U95v00" width="1280" height="720" ><figcaption class="wp-element-caption">Annie Andrews won even though Donald Trump had backed Darline Graham. BY: ZUMAPRESS/MEGA</figcaption></figure><p class="wp-block-paragraph">Andrews won despite Trump backing Graham and campaigning against her. Graham had been appointed to take her late brother’s place in the Senate.</p><p class="wp-block-paragraph">During the race, the president repeatedly mocked Andrews by calling her “Trannie Annie,” even though she is not transgender.</p><p class="wp-block-paragraph">“Annie ‘Trannie’ Andrews is running against our wonderful Darline Graham for the Senate in South Carolina,” Trump wrote on Truth Social. </p><p class="wp-block-paragraph">“And South Carolina must show, in the upcoming Election, that it is not for her.”</p></div></body>

Block Source: Wonderwall

Democratic Senator-elect Annie Andrews said she doesn't plan to go after President Donald Trump. BY: FOX NEWS CLIPS/YOUTUBE Democratic Senator-elect Annie Andrews said she doesn’t plan to go after President Donald Trump once she takes office. Instead, she wants to work with his administration and focus on the concerns voters shared with her during the campaign. On Fox News’ Special Report, Andrews told Bret Baier that fighting the administration wouldn’t make groceries or...

Democratic South Carolina Senator-elect Annie Andrews says she has no intention of embarking on a ‘retribution tour’ against Donald Trump: ‘Fighting the administration is not gonna lower gas prices’

<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4ZxFTy_1GyOn6eY00" alt="https://img.particlenews.com/image.php?url=4ZxFTy_1GyOn6eY00" width="720" height="480" ><figcaption>Image via Shutterstock</figcaption></figure><p class="wp-block-paragraph"><strong>Obsidian Risk Advisors</strong>‘ Managing Principal <strong>Brett Erickson</strong> said on Tuesday that talks of de-escalation in <a href="https://www.benzinga.com/news/politics/26/11/63130236/iran-says-no-dialogue-xwith-us-underway-rejects-claims-of-qatar-meeting-as-trump-pauses-fresh-strikes-after-warning-against-imaginary-talks" rel="nofollow">the ongoing U.S.-Israel and Iran war</a> have sent crude oil prices down, but warned that the slip may not last.</p><h2 class="wp-block-heading">Oil is ‘Significantly Oversold And Underpriced,’ Brett Erickson Says</h2><p class="wp-block-paragraph">In a post on the social media platform <strong>X</strong>, Erickson said that “oil appears to be SIGNIFICANTLY oversold and underpriced,” pointing to its $92/bbl price at the time when the analyst made the post.</p><p class="wp-block-paragraph">He outlined that there was a “significant fear premium priced in that saw it reach upwards of $118/barrel” in the run-up to the midterm elections and general elections in Israel, calling the surge “artificially high.”</p><p class="wp-block-paragraph">Erickson then said that prices were now “artificially low on the false belief that the US/Iran War is effectively out of the woods,” but added that it was not the case.</p><figure class="wp-block-embed is-type-rich is-provider-x wp-block-embed-x"><blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Oil appears to be SIGNIFICANTLY oversold and underpriced currently at $92/barrel.<br><br>In the lead-up to the Israeli elections and U.S. midterms, oil saw a significant fear premium priced in that saw it reach upwards of $118/barrel. That was artificially high.<br><br>But now oil is…</p>— Brett Erickson (@BrettErickson28) <a href="https://x.com/BrettErickson28/status/2120266922981986384?ref_src=twsrc%5Etfw" rel="nofollow">November 10, 2026</a></blockquote><script async src="https://platform.x.com/widgets.js" charset="utf-8"></script></figure><p><strong> Read Also: <a href="https://www.benzinga.com/news/politics/26/11/62971354/donald-trump-jr-echoes-presidents-iran-war-comments-says-jacked-up-gas-prices-caused-republicans-to-lose-ground-during-midterms" target="_blank" rel="noopener nofollow"> Donald Trump Jr. Echoes President's Iran War Comments, Says ‘Jacked Up’ Gas Prices Caused Republicans to Lose Ground During Midterms</a></strong></p><h2 class="wp-block-heading">Scott Bessent Moves Into Military Base</h2><p class="wp-block-paragraph">The news comes as Treasury Secretary <strong>Scott Bessent</strong><a href="https://www.benzinga.com/news/politics/26/11/63130049/scott-bessent-moves-to-military-base-as-irans-threats-against-trump-officials-intensify-following-operation-economic-outcast-report" rel="nofollow">reportedly moved into a military base</a> after a reported threat on his life from Iran.</p><p class="wp-block-paragraph">The threat comes as the Treasury Department introduced a host of new restrictions on Iran and Iran-linked entities as part of the U.S.’s Operation Economic Outcast.</p><p class="wp-block-paragraph">The <a href="https://www.benzinga.com/news/politics/26/08/61393013/bessent-economic-d-day-iran-sanctions" rel="nofollow">Operation Economic Outcast</a>, which was introduced in August, initially targeted 60 entities, individuals, vessels and more linked to Iran with sanctions.</p><h2 class="wp-block-heading">Anthony Blinken Weighs in on Iran</h2><p class="wp-block-paragraph">On the other hand, former Secretary of State <strong>Antony Blinken</strong> blamed President <strong>Donald Trump</strong>‘s withdrawal from former President <strong>Barack Obama</strong>‘s <a href="https://www.benzinga.com/news/politics/26/11/63079107/antony-blinken-trump-iran-nuclear-deal" rel="nofollow">2015 Iran Nuclear Deal</a>, calling the move the “costliest mistake” from the deal.</p><p class="wp-block-paragraph">Meanwhile, Trump reiterated that <a href="https://www.benzinga.com/news/politics/26/11/63077638/trump-iran-war-end-peace-talks-oil-prices" rel="nofollow">negotiations with Iran were progressing</a> well and suggested further military action might not be necessary.</p><h2 class="wp-block-heading">Oil, Gas Movement</h2><p class="wp-block-paragraph">As uncertainty remains, gas prices have fallen across the U.S. According to the American Automobile Association (AAA) <a href="https://gasprices.aaa.com/" rel="nofollow">data</a>, the national average price of gas on Wednesday was $3.9788/gallon. Diesel prices also fell on Wednesday, with the national average at $6.1306/gallon.</p><p class="wp-block-paragraph">At press time, the <strong>West Texas Intermediate</strong> (WTI) futures expiring in December grew 0.14% to $86.16. <strong>Brent</strong> futures contracts expiring in January gained 0.31% to $91.77.</p><p class="wp-block-paragraph">The <strong>ProShares Ultra Bloomberg Crude Oil</strong><a href="https://www.benzinga.com/quote/UCO" target="_blank" class="ticker-link" rel="nofollow">(NYSE:</a><a class="ticker" href="https://www.benzinga.com/quote/UCO" rel="nofollow">UCO</a>) ETF recorded a 0.16% decline to $50.25 during overnight trading on Wednesday. The <strong>United States Oil Fund</strong><a href="https://www.benzinga.com/quote/USO" target="_blank" class="ticker-link" rel="nofollow">(NYSE:</a><a class="ticker" href="https://www.benzinga.com/quote/USO" rel="nofollow">USO</a>) ETF also slipped 0.25% to $141.09 during overnight trading.</p><p><strong> Read Also: <a href="https://www.benzinga.com/markets/tech/26/11/63130557/thats-the-bet-palmer-luckey-backs-elon-musks-150-billion-robotaxi-ambitions-as-tesla-tops-waymo-in-texas" target="_blank" rel="noopener nofollow"> ‘That’s The Bet’: Palmer Luckey Backs Elon Musk’s $150 Billion Robotaxi Ambitions as Tesla Tops Waymo in Texas</a></strong></p><p class="wp-block-paragraph"><em>Check out more of Benzinga’s Future of Mobility coverage by</em><a href="https://www.benzinga.com/topic/mobility" rel="nofollow"><em>following this link</em></a>.</p><p class="wp-block-paragraph"><em>Photo courtesy: Shutterstock</em></p></div></body>

Block Source: Benzinga

Obsidian Risk Advisors ‘ Managing Principal Brett Erickson said on Tuesday that talks of de-escalation in the ongoing U.S.-Israel and Iran war have sent crude oil prices down, but warned that the slip may not last. Oil is ‘Significantly Oversold And Underpriced,’ Brett Erickson Says In a post on the social media platform X , Erickson said that “oil appears to be SIGNIFICANTLY oversold and underpriced,” pointing to its $92/bbl price at the time when the analyst made the post. He outlined that there was a “significant fear premium priced in that saw it reach upwards of $118/barrel” in the run-up to the midterm elections and general elections in Israel, calling the surge “artificially high.” Erickson then said that prices were now “artificially low on the false belief that the US/Iran War is effectively out of the woods,” but added that it was not the case. Read Also: Donald Trump Jr. Echoes President's Iran War Comments, Says ‘Jacked Up’ Gas Prices Caused Republicans to Lose Ground During Midterms Scott Bessent Moves Into Military Base The news comes as Treasury Secretary Scott Bessent reportedly moved into a military base after a reported threat on his life from Iran. The threat comes

Iran War ‘Isn’t Out of the Woods’: Top Strategist Warns Oil Is ‘Significantly Oversold and Underpriced’ While Predicting a $92 Crude Rally

<body><div><p><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0xnYOh_1Gyk2I5v00" alt="https://img.particlenews.com/image.php?url=0xnYOh_1Gyk2I5v00" width="1440" height="960" ></p><p class="wp-block-paragraph">At 7:30 a.m. Eastern Time on November 11, 2026, the price of oil sits at $95.72 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s an increase of $2.74 since yesterday morning and roughly $30 more than at this time last year.</p><figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td></td><td><strong>oil price per barrel</strong></td><td><strong>% Change</strong></td></tr><tr><td>Price of oil yesterday</td><td>$92.98</td><td>+2.94%</td></tr><tr><td>Price of oil 1 month ago</td><td>$107.28</td><td>-10.77%</td></tr><tr><td>Price of oil 1 year ago</td><td>$65.47</td><td>+46.20%</td></tr></tbody></table></figure><p class="wp-block-paragraph"><em><strong>Check Out Our Daily Rates Reports</strong></em></p><ul><li>Discover <a href="https://fortune.com/article/best-savings-account-rates-11-11-2026/" rel="nofollow">the highest high-yield savings rates</a> for November 11, 2026.</li><li>Discover <a href="https://fortune.com/article/cd-rates-11-11-26/" rel="nofollow">the highest CD rates</a> for November 11, 2026.</li><li>Discover <a href="https://fortune.com/article/major-bank-cd-rates-11-12-2026/" rel="nofollow">the top CD rates from major banks</a> on November 12, 2026.</li><li>Discover <a href="https://fortune.com/article/current-mortgage-rates-11-12-2026/" rel="nofollow">the current mortgage rates</a> for November 12, 2026.</li><li>Discover <a href="https://fortune.com/article/current-refi-mortgage-rates-11-12-2026/" rel="nofollow">current refi mortgage rates report</a> for November 12, 2026.</li><li>Discover <a href="https://fortune.com/article/current-arm-mortgage-rates-11-12-2026/" rel="nofollow">current ARM mortgage rates report</a> for November 12, 2026.</li><li>Discover <a href="https://fortune.com/article/home-equity-rates-11-12-2026/" rel="nofollow">current HELOC rates</a> for November 12, 2026.</li><li>Discover <a href="https://fortune.com/article/current-price-of-gold-11-12-2026/" rel="nofollow">the current price of gold</a> for November 12, 2026.</li><li>Discover <a href="https://fortune.com/article/current-price-of-silver-11-12-2026/" rel="nofollow">the current price of silver</a> for November 12, 2026.</li></ul><h2 class="wp-block-heading">Will oil prices go up?</h2><p class="wp-block-paragraph">Nobody can predict the future path of oil prices with certainty. A range of factors influence how oil trades, yet supply and demand remain the main drivers. When fears of economic slowdown, conflict, or similar shocks rise, oil prices can move sharply.</p><h3 class="wp-block-heading">How oil prices translate to gas pump prices</h3><p class="wp-block-paragraph">The price you see at the gas pump reflects more than just crude oil. Also built in are the costs of refining, distribution through wholesalers, various taxes, and the margin your neighborhood station charges.</p><p class="wp-block-paragraph">Crude oil is still the largest single driver of the final pump price, typically representing over half of each gallon’s cost. Spikes in oil prices tend to push gas prices higher in short order. But when oil prices decline, gas prices often ease down gradually, a behavior known as “rockets and feathers.”</p><h3 class="wp-block-heading">The role of the U.S. Strategic Petroleum Reserve</h3><p class="wp-block-paragraph">In the event of an emergency, the U.S. maintains a stockpile of crude oil known as the Strategic Petroleum Reserve. Its main goal is to safeguard energy security when disasters strike—think sanctions, severe storm damage, or war. It can also do a lot to ease the pain of sudden price jumps when supply gets disrupted.</p><p class="wp-block-paragraph">It’s not a permanent fix, as it’s more meant to provide immediate support for consumers and ensure critical parts of the economy like key industries, emergency services, public transportation, and so on can keep operating.</p><h3 class="wp-block-heading">How oil and natural gas prices are linked</h3><p class="wp-block-paragraph">Both oil and natural gas play key roles as major sources of energy. A big change in oil prices can affect natural gas by proxy. If oil prices increase, some industries may swap natural gas for some segments of their operations where possible, increasing the demand for natural gas.</p><h2 class="wp-block-heading">Historical performance of oil</h2><p class="wp-block-paragraph">Oil prices are often measured by two key benchmarks:</p><ul class="wp-block-list"><li><strong>Brent crude oil</strong> is the main global oil benchmark.</li><li><strong>West Texas Intermediate (WTI)</strong> is the main benchmark of North America.</li></ul><p class="wp-block-paragraph">Between the two, Brent is a better representation of global oil performance because it prices much of the world’s traded crude. It’s also often the best way to review historical oil trends. In fact, the U.S. Energy Information Administration now leans on Brent as its primary reference in its Annual Energy Outlook.</p><p class="wp-block-paragraph">When you look at the Brent benchmark across multiple decades, you’ll see that oil has been anything but consistent. It has experienced spikes driven by wars and supply cuts, as well as crashes linked to global recessions and an oversupply (called a “glut”). For example:</p><ul class="wp-block-list"><li>The early 1970s brought the first big oil shock when the Middle East cut exports and imposed an embargo on the U.S. and others during the Yom Kippur War.</li><li>Prices dropped in the mid-1980s for reasons such as weaker demand and more non-OPEC oil producers entering the industry.</li><li>Prices spiked again in 2008 with rising global demand, but soon crashed alongside the global financial crisis.</li><li>During the 2020 COVID lockdown, oil demand collapsed like never before, bringing prices to under $20 per barrel.</li></ul><p class="wp-block-paragraph">In short, oil’s historical performance has been far from steady. It’s massively affected by wars, recessions, OPEC whims, evolving energy initiatives and policies, and much more.</p><h2 class="wp-block-heading">Energy coverage from <em>Fortune</em></h2><p class="wp-block-paragraph">Looking to stay up-to-date regarding the latest energy developments? Check out our recent coverage:</p><ul class="wp-block-list"><li><a href="https://fortune.com/2026/11/10/anthropic-3-4-billion-deal-gas-data-centers-ai-ipo/" rel="nofollow">Anthropic inks $3.4 billion deal for gas-powered data centers</a></li><li><a href="https://fortune.com/2026/11/10/lumen-cfo-expects-1-5-billion-legacy-copper-pivot-ai-connectivity/" rel="nofollow">Lumen CFO expects up to $1.5 billion from legacy copper amid pivot to AI connectivity</a></li><li><a href="https://fortune.com/2026/11/10/venture-global-worlds-largest-gas-exporter-power-data-centers-hyperscalers/" rel="nofollow">Venture Global plans to become the world’s largest gas exporter in a year</a></li></ul><h2 class="wp-block-heading">Frequently asked questions</h2>How is the current price of oil per barrel actually determined? <p class="wp-block-paragraph">The current price of oil per barrel depends largely on supply and demand, including news about potential future supply and demand (geopolitics, decisions made by OPEC+, etc.). In the U.S., prices also move based on how friendly an administration is to drilling, as it can affect future supply. For example, 2025 saw the Trump administration move to reopen more than 1.5 million acres in the Coastal Plain of the Arctic National Wildlife Refuge for oil and gas leasing, reversing the Biden administration’s policy of limiting oil drilling in the Arctic.</p>How often does the price of oil change during the day? <p class="wp-block-paragraph">The price of oil updates constantly when the “futures” markets are open. A futures market is effectively an auction where people agree to buy or sell oil in the future. As long as people and companies are trading contracts, the oil price is changing.</p>How does U.S. shale oil production affect the current price of oil? <p class="wp-block-paragraph">In short, shale is rock that contains oil and natural gas. Think of shale as energy yet to be tapped. The more shale the U.S. accesses, the more energy we’ll have—and the more easily oil prices can keep from spiking as much thanks to a greater supply.</p>How does the current price of oil impact inflation and the broader economy? <p class="wp-block-paragraph">When oil is expensive, it tends to make everyday items cost more. This can be related to energy (your heating, gas utilities, etc.), but it’s also due to the logistics involved with making those items accessible to you. Shipping, for example, can affect the price of things at the grocery store, as it’s more expensive to get those products from warehouses and farms onto the shelf.</p><p>This story was originally featured on <a href="https://fortune.com/article/price-of-oil-11-11-2026/" target="_blank" rel="nofollow">Fortune.com</a></p></div></body>

Block Source: Fortune

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Current price of oil as of November 11, 2026

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