Energy Market – Page 2 – SRK Analytics

National Gas Prices Surpass $4 as Escalating U.S. Military Strikes in Iran Rattle Energy Markets

The AAA national average price for regular gasoline crossed the $4 threshold on July 21, reaching $4.019 per gallon across the United States as escalating U.S. military strikes against Iranian…

Prasenjit Bhowmik July 23, 2026

Business Insights

U.S. Gas Prices Surge Back to $4 a Gallon as Iran Diplomatic Crisis Deepens

US gas prices hit 4 dollars a gallon as escalating tensions with Iran disrupt Middle East oil routes and end a brief diplomatic agreement.

Prasenjit Bhowmik July 20, 2026

Economy

IRS Raises Standard Mileage Deduction Rates Amid Geopolitical Fuel Price Surge

The Internal Revenue Service (IRS) announced a rare midyear increase to the standard mileage deduction rate this week, offering financial relief to American taxpayers navigating volatile fuel prices. Effective retroactively…

Prasenjit Bhowmik July 17, 2026

Business Insights

Global Oil Prices Surge as U.S. and Iran Trade Strikes Threaten Strait of Hormuz Shipping

Global oil prices surged more than four percent on Tuesday after military forces from the United States and Iran traded retaliatory airstrikes in the Middle East. The sudden escalation of…

Prasenjit Bhowmik July 13, 2026

Market

Crude Oil Prices Edge Higher Amid Renewed Demand Optimism

Crude oil prices ticked upward in global markets on Tuesday, with Brent crude climbing above $72 per barrel as traders recalibrated their expectations for energy demand. The price increase, occurring…

Prasenjit Bhowmik July 7, 2026