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JetBlue Airways is in the middle of a plan that aims to cut costs and increase premium revenue.

Multiple regions in the U.S. typically associated with lower costs of living have experienced rising affordability pressures, according to the Urban Institute.

JetBlue faces growing financial scrutiny as creditors reportedly retain advisors amid falling bond prices, rising fuel costs and an $8.5 billion debt burden.

Democratic strategist David Axelrod called out President Trump on Saturday, following Trump's remarks at an evening rally where he told supporters he "did not give a damn" about high fuel prices because “we’re making a freaking fortune" on oil. “HE's making money like he's never made before. And he doesn't give a damn about high...

Gas, diesel and food prices are high and expected to remain elevated through Election Day, creating a strong political headwind for Republicans who are at serious risk of losing control of the House and possibly the Senate, as well. President Trump's diesel deal with Russia has had little lasting impact on fuel prices, according to...

Record diesel prices are kicking Western ranchers while they're down. Drought means they have to buy extra hay, and pay truckers extra to deliver it because of fuel price hikes.

The first Russian diesel tanker headed to New York carries 40,000 tons, but a retired general says that only covers a couple hours of U.S. demand.

Eighty-year-old Rick Russman of New Hampshire spent five decades as a Republican. This year, as his state braces for a winter of soaring heating oil costs, he will vote for Democrat Chris Pappas in one of the country's most closely watched Senate races. For Russman, a...

{beacon} Energy & Environment Energy & Environment The Big Story Trump uses DPA to give $150M for gas and diesel President Trump invoked the Defense Production Act on Thursday night, announcing that the government would be spending $150 million toward boosting domestic gas and diesel production as the White House looks to ease consumer...

‘Refineries are national security and economic assets’

‘Further shipments will continue at a steady pace from here on’

American Airlines CFO Devon May said airfares will likely stay elevated even if oil prices drop, citing the carrier's $1.9 billion fuel costs.

The Trump administration said using the DPA funding will increase refining output and lower fuel prices for Americans. Experts are skeptical.

The quickest and most affordable response to historically high diesel prices is also the simplest: Use less of it. Why it matters: Diesel is so entrenched in farming, trucking and other industries that even soaring prices aren't enough — at least not yet — to prompt a wholesale shift to alternatives from electric semi trucks to manure-powered tractors. Catch up fast: Diesel prices have climbed to record highs since the U.S. war with Iran began in March, rising faster than gasoline amid global oil supply disruptions . Diesel averaged $6.31 a gallon Thursday, up 74% from a year ago, according to AAA . Regular gasoline averaged $4.27, up 39%. The big picture: Gasoline gets the attention, but diesel is the workhorse of the American economy. It powers grocery trucks, tractors, freight trains, construction equipment, hospital backup generators and even school buses . Driving the news: The price spike is hitting farmers during the fall harvest. "Farmers buy diesel by the truckload, so we're talking about hundreds of thousands of dollars in diesel, and when it goes up the way it has spiked, that's the difference between profit and loss in a year," said Curt Blades, senior vice president at the Association of Equipment Manufacturers, a trade group representing tractor makers and other heavy-equipment manufacturers. The financial pain varies: Trucking companies can often pass higher fuel costs to customers through surcharges. Farmers, who have little control over crop prices, generally can't. The economic pressure has become political ahead of the midterm elections. President Trump announced $8 billion in one-time aid for farmers at a campaign rally in Kansas on Monday, where Republicans face a competitive Senate race. "It's a bit too soon to tell the impact," Blades said of the aid package, though he welcomed support during harvest. State of play: Trucking and agricultural equipment experts say the most immediate savings come from using existing diesel engines more efficiently. Truckers can slow down and reduce idling. Farmers are increasingly using GPS-guided tractors to avoid covering the same ground twice, a practice known as precision agriculture. Biodiesel and renewable diesel can reduce petroleum dependence without replacing existing engines, but government blending requirements — rather than high diesel prices alone — are driving growth, according to Clean Fuels Alliance America, an industry trade group. Zoom in: Batteries that power truck drivers' sleeping quarters without idling the engine are gaining traction. Nevada-based Dragonfly Energy sells systems that recharge through the truck's diesel-powered engine while driving, then power air conditioning and other appliances while parked. The company projected a 160% increase in third-quarter trucking revenue, a bright spot amid otherwise sluggish financial performance. Texas-based Stevens Transport says 400 of its trucks use Dragonfly's batteries, cutting diesel consumption by about 4% compared with trucks using smaller diesel engines to power their sleeping quarters. The approach illustrates a fundamental tension in energy transitions: Does technology incrementally change an industry or revolutionize it? "We haven't even mastered leaving the truck off when it's not moving, let alone moving it with electricity," said Wade Seaburg, Dragonfly's chief commercial officer. "Let's master the little things first, and that's been a well-received message." "Think evolutionary rather than revolutionary," said Mike Roeth, executive director of the North American Council for Freight Efficiency, a nonprofit researching fuel-saving trucking technologies. Zoom out: The same logic applies across diesel-dependent industries. Expensive equipment lasts for years, and switching fuels often requires new infrastructure and vehicles. "The fact diesel fuel prices are higher matters in the calculations, but it doesn't make the challenges of these alternatives any easier," Roeth said. Yes, but: More dramatic changes are still percolating, particularly in electric trucking . Forum Mobility, which builds shared charging depots and leases electric trucks, says electric trucks have a roughly 40% fueling cost advantage over diesel in California, where diesel prices have topped $8 a gallon. The company has commitments from 25 carriers for 330 Tesla Semis and is building four additional charging depots in California. Meanwhile, on the farm, equipment maker New Holland has spent more than a decade bringing methane-powered tractors to market, including ones that can run on fuel made from livestock manure, after abandoning an expensive hydrogen tractor project. "The increase in diesel prices has generated a little more interest," said Sean Dorosz, a product marketing manager at New Holland. But "I don't think it's going to be the one thing that makes them write a check to buy a methane tractor." Access to manure-derived fuel and state incentives also shape the economics. The bottom line: High diesel prices are strengthening the case for alternatives. Making them practical is a much slower process.

If you're planning to fly this holiday season, be prepared to pay more than you did last year. The price of jet fuel — one of airlines' biggest expenses — is close to an all-time high in the U.S.

President Donald Trump on Thursday night invoked a federal law to invest up to $150 million to boost domestic gasoline and diesel fuel production.

President Trump invoked the Defense Production Act on Thursday, announcing that the government would be spending $150 million toward boosting domestic gas and diesel production as the White House looks to ease consumer pain at the gas pump. The announcement was made in a presidential memorandum earlier on Thursday, but the president detailed the exact...

That wince you just made while researching travel options? Get used to it. Why it matters: Soaring jet fuel prices are accelerating changes across the airline industry, seen in higher fares, premium-heavy cabins and fewer flight options for travelers. Airfares rose 22% year over year in September, marking a 10th straight monthly increase in the government's airfare price index , which hit an all-time high. State of play: All the major airlines are feeling the pain: American Airlines reported today that its fuel bill jumped nearly 70% in the third quarter from a year ago, adding $1.9 billion in costs and undercutting its revenue growth. Southwest and United Airlines both slashed their profit forecasts this week on higher fuel costs. And Delta Air Lines expects its fuel bill this year to come in $6 billion above last year's. The impact: To protect their bottom lines, airlines are raising fares and turning to more premium seats to squeeze more revenue out of their flights. At Southwest, the average passenger fare rose 26.9% to $231.69 in the third quarter, compared with a year earlier — and that doesn't include fees. Delta's premium seating revenue jumped 18% in the third quarter, even though the number of premium seats rose only 6%. What they're saying: The airlines have few options to make up for extra fuel costs other than fare increases, said Scott Keyes, founder of flight-deal service Going.com. "None of them are hedging fuel the way they used to, in large part because they had a pretty terrible experience with it," Keyes said in an interview. The big picture: Airline executives, however, see these changes — many of which were already underway — as a necessary new normal. This year's fuel spike has only "accelerated" change, Delta CEO Ed Bastian said on the company's earnings call on Oct. 9. "Regardless of the next move in fuel prices, the forces reshaping the U.S. airline industry will continue with many carriers struggling to earn their cost of capital well before the run-up in fuel," he said. United CEO Scott Kirby told investors Wednesday that the industry's underlying costs — including airport fees, maintenance and engines — have increased so much in recent years that airlines must fundamentally change their economics. Zoom in: Executives echoed Bastian's comments on pricing from earlier in the month, suggesting this week that the higher fares and other changes to protect profitability are likely to remain in place even after jet fuel prices ease. "I'm pretty confident that we're not going to take steps backwards in pricing," Kirby said. "I think we're demonstrating this year that it's different this time." American CEO Robert Isom said the fuel price spike "has just been a catalyst to allow us to realize that there is value," referring to the strong demand from customers willing to pay higher fares. And airlines are becoming increasingly reluctant to operate flights that don't make money — potentially leaving travelers with fewer options. United's Kirby predicted that trend will continue across the industry. "One golden rule — don't fly places that lose money," he said on the company's earnings call. "There's going to be less loss-making flying," he predicted. Zoom out: The fallout from higher fuel prices — triggered largely by the war in Iran, which has throttled supplies — started with the shutdown of Spirit Airlines earlier this year. While Spirit's troubles were many, the fuel price spike was widely seen as the last straw for the budget carrier. And its exit means it's now easier for airlines to get away with charging more to cover their extra fuel costs, Keyes said. "Spirit's demise is another factor in why you're seeing airfare go up so precipitously because they and other budget airlines act as something of an anchor for airfare in general," Keyes said. The bottom line: Fuel prices may eventually come back down. Don't count on airfares following.

‘Cannot replace the refining capacity we’ve lost’

Sen. Roger Marshall (R-Kan.) on Wednesday blamed the war in Ukraine for high diesel prices, with energy costs as a key concern in the rapidly approaching midterms. “The real problem with the cost of diesel, in particular, is No. 1, is the Ukraine war, and because of that, diesel production has gone down. But beyond...

American reported record third quarter revenues but unlike Delta and United, it could not make a profit.

It's the fourth major U.S. carrier to cut its 2026 forecast this month because of a spike in fuel costs.

Polls show US voters are deeply upset by high gas prices and are likely to punish Republicans in the midterms as a result With fewer than two weeks until the midterm s, US voters are unlikely to see relief on one of this election cycle’s main issues: gas prices. Airing up her car’s tires at a Speedway in Perrysburg, Ohio , Toledo resident Sharie Smith, 41, says soaring costs are having a direct impact on her life. Continue reading...

Truckers in Italy continued to block roads in the country’s south on Thursday, with fishing fleets in the port of Ancona also idled to protest high diesel prices.

The rationale for Trump’s decision to allow Russian diesel shipments was to lower the prices farmers and long-haul truckers were paying ahead of the Nov. 3 midterms.