If a U.S.-Iran peace deal actually happens this time — and that's still a big if— consumers have a long road ahead before filling up returns all the way to the good old days of early 2026. Why it matters: Even if the Strait of Hormuz opened right away, pump prices will likely remain higher — maybe a lot higher — than pre-war levels at least through the midterm elections. - U.S. retail prices are tethered to global oil markets that will be in turmoil for a while. - The average U.S. price for regular gasoline was $4.54 per gallon on Wednesday, compared to just under $3 pre-war, per AAA data. What we're watching: Some price relief would come within days of the Strait of Hormuz truly reopening, per Patrick De Haan of the market data…
The panel that regulates rents for nearly one million apartments is set to weigh in on potential increases for the first time since Mayor Zohran Mamdani took office.
Rather than making city buses free for all riders, elected officials and transit advocates are pushing to expand a transit program for low-income New Yorkers.
In 1775, George Washington sent Henry Knox, a Boston bookseller, to fetch 60 tons of artillery. We followed Knox’s route to see how the country has changed.
Across the country, police and city officials are trying to crack down on sometimes violent youth gatherings, but the teens themselves say they need some way to socialize and blow off steam.