If the Strait of Hormuz is open, why are gas and diesel so expensive? | CNN Business

New York —  The Strait of Hormuz is no longer paralyzed and yet fuel prices remain painfully high. It’s a vexing problem with profound financial, political and economic consequences. Gasoline prices,…

Fuel industry warns truck stops not to sell red dye diesel after Trump lifts restrictions

Truck stops nationwide were warned to “proceed with caution” Tuesday by a major industry group after President Donald Trump signed an executive order to promote the use of “red dye”…

Trucking company says long-term contracts are forcing it to absorb increasing cost of diesel

One Washington, D.C.-area waste collection company says the long-term agreements it has made with its customers means it can’t raise its rates fast enough to keep up with the rising…

Gas is nearly $4 again and diesel just topped $5. It’s not what you think | CNN Business

US gas prices have rocketed higher during the on-again, off-again war with Iran. After a brief respite, the average price for gas has surged 15 cents in a week to…