Gas price impact after attack on Syria

Published: Friday, April 07, 2017 @ 4:09 AM
Updated: Friday, April 07, 2017 @ 1:03 PM

Oil prices surge as U.S. launches missile attack on Syria

Oil prices were trading sharply higher after the United States launched a missile attack on Syria Thursday night. Oil rose in usually quiet after-hours trade by a dollar per barrel to $52.70 after news spread of roughly 50 Tomahawk missiles being launched from two U.S. warships in the Mediterranean Sea. 

RELATED: Ohio lawmakers react to Syria action

RELATED: Latest on the situation in Syria

"As we've seen in the past, oil prices hate turmoil,” Patrick DeHaan, a GasBuddy senior petroleum analyst said on Thursday. “Tonight's surge in prices comes as questions remain about military action in Syria moving future. Geopolitical tensions have surged tonight between some of the world's largest oil producers, and the market, with concern abounding, will likely send oil prices higher. It is too early to know how severe or how long the impact to oil prices may be."

RELATED: Syria decries 'aggression' as US launches cruise missiles

Thursday’s missile strike in Syria brings forth risk and uncertainty on a global scale, Dan McTeague, senior Canadian petroleum analyst said. Oil's rise is based on geopolitical circumstance and as a benchmark commodity and hedge, it is likely its value will rise in proportion to developments, he said. 

"While there is not yet an imminent major impact to North American gasoline prices, the situation could rapidly change, we're monitoring it and will keep consumers informed," DeHaan added.

Here is what Glen Duerr, Cedarville University assistant professor of international studies said on the impact of the attack on gas prices:

“It depends on the next 48 to 72 hours in terms of a Russia response. If it’s simply a limited attack, I think it will have a limited response on the stock market and on oil prices. A lot depends on major oil supplies in the region. Iraq, Iran, Saudi Arabia are all very, very close in proximity to Syria so it depends on what Russia’s doing. Russia’s also a major supplier of oil, but in general if there’s no major response, if there are diplomatic back channels that are open between the U.S. and Russia that downplay this issue than we’ll see minimal impact, especially in the next week or so.

“I would image a small spike, but we’ve also seen a recent increase as well, about 25 cents (per gallon) in the Miami Valley.”

Earlier this week, GasBuddy reported average retail gasoline prices in Dayton rose 18.4 cents per gallon averaging $2.29 per gallon on Sunday

Watch the International Space Station fly across the solar eclipse

Published: Monday, August 21, 2017 @ 7:13 PM

Most Stunning Moments From The Total Eclipse

A NASA photographer managed to capture the moment that the International Space Station moved across the solar eclipse Monday in a series of rare high-speed photos.

>> Read more trending news

Space agency photo editor Joel Kowsky used a high-speed camera from a vantage point in Banner, Wyoming to shoot the eclipse at the exact moment the ISS flew in front of it 250 miles above the Earth.

With a crescent-shaped sun as the backdrop, Kowsky managed to shoot the movements of the space station, which appear as a small “H” traveling at 17,500 mph across the face of the eclipsed sun.

2017 Total Solar Eclipse

Also Monday, astronauts aboard the space station were the only people who got to see what the eclipse looked like from space and they managed to snap a photo of it, too.

>> Related: Watch for cool shadow snakes just before and after eclipse

“While millions experienced #Eclipse2017, only six people saw the umbra, or moon's shadow, over the United States from space today,” the crew said in a post on Instagram that accompanied the photo.

There’s a crew of six aboard the ISS right now.

>> Related: Solar Eclipse 2017: NASA live stream, live updates

10 sailors missing after USS John S. McCain collides with tanker

Published: Sunday, August 20, 2017 @ 8:18 PM
Updated: Monday, August 21, 2017 @ 3:24 AM

USS John S. McCain Collides With Tanker, 10 Sailors Missing

Ten sailors are missing and five are injured after a U.S. Navy destroyer collided with an oil and chemical tanker early Monday.

>> Read more trending news

The USS John S. McCain collided with the "Alnic MC" at 6:24 a.m. in the Strait of Malacca off the coast of Singapore in the Pacific Ocean, according to the U.S. 7th Fleet.

The USS John S. McCain sustained damage to its left rear side. The Navy said the ship has significant hull damage, and the crew berths, machinery and communications rooms were flooded, according to The Associated Press.

Osprey aircraft and Seahawk helicopters from the USS America are helping with search and rescue efforts, officials said. Tug boats and coast guard vessels are also helping.

The ship is named for both McCain Sr. and Jr. who served in the Navy.

This is a developing story. Check back for updates. The Associated Press contributed to this report.

Trump’s plan in Afghanistan: What time, what channel, is it livestreamed?

Published: Monday, August 21, 2017 @ 5:51 PM

Afghan National Army soldiers stand guard at a checkpoint on the outskirts of Kabul, Afghanistan, Monday, Aug. 21, 2017. President Donald Trump is planning to deliver his first formal address to the nation since taking office Monday as he reveals to the nation his strategy for the war in Afghanistan. (AP Photo/Rahmat Gul)
Washington Bureau
Afghan National Army soldiers stand guard at a checkpoint on the outskirts of Kabul, Afghanistan, Monday, Aug. 21, 2017. President Donald Trump is planning to deliver his first formal address to the nation since taking office Monday as he reveals to the nation his strategy for the war in Afghanistan. (AP Photo/Rahmat Gul)(Washington Bureau)

President Donald Trump will speak to the nation on Monday night to lay out his plan of action for fighting the war in Afghanistan.
According to several sources, Trump has made the decision to commit more troops to the nearly 16-year war, America’s longest-running conflict. The U.S. went to war in Afghanistan after the Sept. 11, 2001, terrorist attacks.
Trump is expected to send additional troops with the mission of training Afghan special operations soldiers. Sources say he will lay out new expectations for the actions of the governments of Afghanistan and Pakistan.

Here’s what to expect Monday.
What time: The White House says the president will speak to the nation at 9 p.m. ET
What channel: The major networks will be carrying the address, as will cable news channels such as CNN, C-SPAN, Fox News and MSNBC.
Livestream: The White House will livestream the speech here. 
From where: Trump has returned to Washington from his working vacation in New Jersey, but will speak from Fort Myer, a U.S. Army post in Arlington, Virginia.
What he will say: He is expected to announce the deployment of 4,000 more troops to Afghanistan. According to NPR, he will announce that he is tightening expectations on its government and the government of Pakistan.
According to unnamed White House sources, the move is aimed to show the commitment of the United States to stay in the country until the mission is completed.
Defense Secretary James Mattis, Secretary of State Rex Tillerson and National Security Adviser H.R. McMaster are all in favor of a plan that adds troops who will train Afghan special forces, according to Bloomberg News.

Missouri newlyweds say ‘I do’ during eclipse

Published: Monday, August 21, 2017 @ 6:17 PM

Wedding in Missouri.
Gisela Schober/Getty Images
Wedding in Missouri.(Gisela Schober/Getty Images)

For newlyweds Samantha and Cameron Kuhn, Monday’s marriage was out of this world.

>> Read more trending news

The couple celebrated their wedding vows with family and friends within the path of totality of the solar eclipse that crossed the United States.

“Being able to do the wedding on the day of the solar eclipse couldn’t be any more perfect,” bride Samantha Kuhn, 28, told ABC News.

Their wedding ceremony included special eclipse-viewing glasses, and their wedding invitation had a celestial theme.

After completing their vows, the bride and groom joined their guests, all wearing certified glasses, in a field behind the altar to take in the total eclipse.

Samantha Kuhn said she has been a big fan of the universe since she was in the third grade and even wanted to be an astronaut, ABC News reported.

“Once I realized the planets were out there and we were all suspended in this solar system, I couldn’t wrap my head around it but I loved that. It completely fascinated me,” she said last week.

“The coolest part about this, the eclipse is kind of like a time stamp,” Cameron Kuhn told ABC News. “It will stand out in everybody’s memories even more.”

Newlyweds Samantha and Cameron Kuhn had an out-of-this-world wedding today during the total solar eclipse in the path of totality in St. Joseph, Missouri.

Posted by KITV on Monday, August 21, 2017