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U.S. oil prices ended March 30 above $100 a barrel for the first time since the U.S. and Israel launched a war against Iran.

Trump administration officials are examining what a potential spike in oil prices as high as $200 a barrel would mean for the economy, according to sources.

USPS will impose a surcharge to offset rising fuel costs, sources said, a sign that the beleaguered mail carrier is feeling the strain of higher oil prices.

The average cost for a gallon of diesel in California rose to the highest level ever as the war in Iran disrupts global energy shipments. 

Georgia Gov. Brian Kemp signed a law March 20 to suspend for 60 days motor fuel taxes to help residents cope with rising pump prices.

The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide.

ATA President Chris Spear outlined for TMC attendees the breakneck pace at which challenges are confronting the carriers that comprise ATA's membership base.

The nationwide average retail price reached $5.044 a gallon on March 16, according to AAA, up by more than a third since the Iran conflict began. 

Nearly all goods — including food — that are bought and sold must travel from where they’re produced. Those costs will climb with higher gasoline, diesel and jet fuel prices.

Airlines and other large fuel buyers have been loading up on oil derivatives contracts in recent days to keep their bills from spiraling as the U.S.-Iran war pushes prices to multiyear highs.