NYTIMES (Skip York) - The Hidden Reason Gas Prices Are Not Going Down
Gas prices are going to remain high. Don’t blame the price of crude oil. Blame the crack spread.
THENATIONALPULSE (Pulse Wires) - U.S. Petroleum Reserve Drained to 40‑Year Low, Storage Caverns at Risk.
The United States' Strategic Petroleum Reserve (SPR) has reached its lowest level in 40 years.
The United States’ Strategic Petroleum Reserve has been depleted over the course of the Iran war, raising concerns about sustainability and potential damage to the salt caverns storing it. PULSE POINTS WHAT HAPPENED: The United States’ Strategic Petroleum Reserve (SPR) has reached its lowest level in 40 years. DETAIL: On Monday, it was revealed that the U.S. SPR had dropped below 300 million barrels due to ongoing withdrawals for the Iran war, which began in late February. The depletion of the country’s SPR has contributed to record-high gas prices for mid-August, with the national average reaching $4.07 per gallon, according to AAA Gas Prices. The SPR was initially designed to handle five full drawdowns over its lifespan, but it…Open
NEWSCATS (Diana Zapata) - Editorial: The War Is No Longer Just About Ukraine — Russia and Ukraine Are Fighting Over the World’s Food Supply
by Diana Zapata • News Writer /Editorial Specialist Published August 13, 2026 Golden wheat grains representing Ukraine’s vital agricultural harvest, symbolizing the country’s role as a major global grain supplier and the growing threat to [...]
AI:The conflict between Russia and Ukraine has expanded beyond territorial disputes into a global struggle for control over the world's food supply, as the war increasingly targets vital agricultural resources. With Ukraine serving as a critical global grain supplier, the ongoing hostilities now directly impact international food security and market stability.Open
NYTIMES (Lydia DePillis) - Inflation Eased Slightly in July, but Prices Remain Elevated as War Drags On
Though energy prices fell last month after their spring surge, other factors pushed up costs as the Fed considers raising interest rates.
NYTIMES (The New York Times) - Oil Prices Rise to $90 a Barrel Over U.S.-Iran Stalemate
The stalemate over the Iran war hardened and commercial shipping in the Strait of Hormuz continued to dwindle.
JUSTTHENEWS (The Center Square Staff) - Illinois Gov. Pritzker asks oil execs to return profits to drivers
In his letter, Pritzker provides executives an Aug. 21 deadline to agree to multiple requests he made of the companies.
NYTIMES (Veronica Majerol) - Oil Prices Climb and Stocks Dip on Stalemate in Iran War
Hopes were dashed over the weekend for a breakthrough on the Strait of Hormuz.
AXIOS (Marc Caputo) - Energy Dept. draws fire for slow pace of Venezuelan oil deals
Nearly eight months after President Trump predicted U.S. companies would "rapidly rebuild Venezuela's dilapidated oil industry" to boost production, no new petroleum deals have been finalized there with American firms. - The U.S. Department of Energy is largely to blame, a dozen oil industry professionals, senior U.S. officials and Venezuela insiders tell Axios. Why it matters: The price of oil is climbing as the Iran war squeezes global supplies, spotlighting the absence of finalized deals in Venezuela — a nation with the highest estimated petroleum reserves on the planet. - "We have no new concessions. No new deals. It is absolutely a problem," a senior U.S. official told Axios. "The Energy Department is in charge of this and they…
DAILYCALLER (David Blackmon) - Lost In The Iran Noise: American Energy Leadership Still Matters
‘Producing more energy is only part of the job’
NYTIMES (Rebecca F. Elliott) - Iran War Drives Oil Profits to Highest Levels in Years
The world’s biggest oil companies are benefiting from the high commodity prices that have been a drag on the rest of the economy.