Analysts say record diesel prices will flow through quickly to consumer goods prices across the board.
The country still has hundreds of millions of barrels left. But inventories can only get so low before the supply chain starts to break down.
We break down price caps — and the economic theory versus reality of how they actually work.
The head of the International Energy Agency warned that if the Strait of Hormuz doesn't reopen soon, the availability of jet fuel will continue affecting airlines and summer travel.
As ACs across the country kick on during heat waves, electricity demand will spike and some energy grids may fall short of supply.
