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Benzinga
  • 6 minutes ago
With Brent up 55% in March and gas prices near $4, rising oil costs are rippling across the economy — USPS plans an 8% fuel surcharge, United Airlines faces an $11B fuel bill increase, and FedEx and UPS have already raised fees. Consumer sentiment fell ~6% in March as the Iran war's economic toll widens.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S.-Iran war entered its fifth week as rising oil prices drove higher costs across travel,
00:08shipping, and consumer goods, according to CNBC. Brent crude rose more than 55 percent in March,
00:14and U.S. oil gained 49 percent as supply concerns grew around the Strait of Hormuz.
00:19The U.S. Postal Service plans an 8 percent fuel surcharge on deliveries from late April through
00:25early 2027, pending approval. FedEx and UPS have already raised fuel fees.
00:30United Airlines said it will cut lower-profit flights and expects oil to reach $175 per barrel,
00:38raising its fuel costs by $11 billion and pushing fares higher.
00:42DoorDash and Lyft introduced gas reward programs as advocates said gig drivers cannot adjust rates
00:48when fuel costs rise. Gas prices rose nearly 33 percent to around $4,
00:53while consumer sentiment fell nearly 6 percent in March.
00:57For all things money, visit Benzinga.com.
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