National

Markets

Axios Markets

Home heating oil bills are rising

U.S. benchmark heating oil futures price

Data: FactSet, Axios research; Chart: Axios 

Zelensky to Axios: U.S. exploring Russia-Ukraine winter de-escalation steps

Witkoff and Kushner make first Kyiv visit for peace talks

Witkoff and Kushner meet with Putin about ending Ukraine war

Trump envoys Witkoff and Kushner to travel to Moscow and Kyiv this weekend

Wheat prices are surging

A line chart that tracks Chicago wheat futures per bushel from Jan. 3, 2023, to Sept. 2, 2026. Prices start at $7.76, fall to $6.0275 by Dec. 1, 2023, and $5.705 by Oct. 31, 2024, then recover to $7.75 by Sept. 2, 2026.

Wheat futures

Data: CME Group via FactSet; Chart: Emily Peck/Axios

Macro

Axios Macro

China's objections derail G20 finance statement

Bessent met with Russian counterpart at G20

Generate

Axios Generate

A costly crisis for American drivers

Cumulative extra cost of buying 100 gallons of regular gasoline each week at the weekly price instead of paying the price at the beginning of the conflict. Over the first 26 weeks, the Iran-war line ends at about $2,835 and the Ukraine-invasion line at about $2,137.

Cumulative extra gasoline costs after recent&nbspconflicts

Each week compares the cost of 100 gallons at that week's price with the cost of 100 gallons at the price at the beginning of the conflict. Week 0 = $0 extra; if that week's price is lower, the running total goes down. Data: U.S. Energy Information Administration; Chart: Andrew Pantazi/Axios

Why diesel prices keep rising

A line chart that tracks daily futures prices for U.S. benchmark crude oil and diesel from Aug. 20, 2024, to Aug. 20, 2026. Crude oil moves from $73.17 to $84.39, dipping to $61.77 in August 2025. Diesel rises from $95.75 to $181.55 after falling to $94.23.

Futures prices for select U.S. energy products 

Data: NYMEX, FactSet; Note: Continuous contract futures prices on U.S. West Texas Intermediate crude oil and New York Harbor ultra-low sulfur diesel. Chart: Matt Phillips/Axios

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