Oil prices have jumped, but so far, there has been little effect at the pump

By Mark Huffman of ConsumerAffairs

• Its been a fast-moving 48 hours in global energy markets following major developments involving Iran and renewed tensions in the Middle East.

• With so many headlines hitting at once, its important to separate what is actually happening from what is simply being speculated.

• Early market reactions are driven more by risk pricing than confirmed supply disruptions but uncertainty itself is now a key driver of energy costs.

The U.S. and allied military strikes on Iran over the weekend have roiled global energy markets, immediately pushing crude oil prices higheras traders price in geopolitical risk and the specter of further escalation. While the Strait of Hormuz a maritime chokepoint through which roughly one-fifth of the worlds oil supply passes remains open, fears around its potential closure or disruption have intensified price volatility.

In the wake of the attacks, benchmark crude prices surged sharply when trading resumed, with Brent and U.S. oil futures climbing sharply amid concern over regional stability.

Analysts note that markets are currently pricing in elevated geopolitical risk rather than confirmed cuts in production or exports. According to recent industry analysis, while leadership turmoil in Tehran adds uncertainty, it does not at this stage equate to lost supply. Strategic risk premiums are being built into oil pricing, pushing wholesale fuel costs up before any physical disruptions occur.

Interestingly, the national average gasoline price has edged lower in some areas due to routine price cycling, GasBuddy said in an analysis over the weekend. That relief is likely temporary.

Short-term gas prices may rise

Despite some localized short-term price relief driven by routine gas station price cycling, experts say this softness is likely temporary. As oil markets reopen fully and wholesale costs adjust to the heightened risk environment, pressure on pump prices is expected to return.

Recent projections suggest the national average U.S. gasoline price could creep back above $3.00 per gallon, with room for an additional 1015 cent increase over the coming week or two depending on broader oil market behavior.

This aligns with forecasts from GasBuddys analytics team, who caution that without physical supply disruptions, increases will likely be incremental rather than explosive barring escalation beyond current tensions.

Why the Strait of Hormuz matters

The Strait of Hormuz remains a focal point for global energy flow, and its status greatly influences market psychology. Although shipping continues for now, the threat of Iranian attempts to disrupt tanker traffic or even warnings that have already caused some vessels to anchor outside the strait have introduced additional costs and risk premiums into the market.

Analysts say the key factor for prices isnt the current flow of oil, but what might happen if the conflict escalates and significantly impacts oil distribution routes. Historically, markets have tended to spike on fear and uncertainty long before any physical constraints occur.

Theres now a report fraud tab on the IRS home page

By Mark Huffman of ConsumerAffairs

• The IRS has launched a new Report Fraud web page to make it easier for taxpayers to confidentially report suspected tax fraud, ,and evasion.

• The page consolidates multiple reporting options into a single location at IRS.gov/SubmitATip and through a new button on the IRS homepage.

• The agency says internal improvements will help it better process referrals and crack down on illegal tax activity.

The Internal Revenue Service (IRS) has unveiled a new online tool designed to simplify howtaxpayers report suspected tax fraud and related , part of a broader effort to strengthen enforcement and improve how tips are handled inside the agency.

The new web page, accessible through a Report Fraud button on the IRS.gov homepage or directly at IRS.gov/SubmitATip, centralizes previously scattered reporting options into one streamlined location. Taxpayers can use the page to confidentially report suspected tax fraud, evasion, , or other tax-related illegal activities.

IRS Chief Executive Officer Frank J. Bisignano said the changes are intended to make the reporting process more user-friendly while addressing longstanding internal inefficiencies.

Improvements to the IRS fraud reporting system make reporting suspected wrongdoing easier and simpler and will address historic challenges that had prevented the IRS from making maximum use of the referrals it receives, Bisignano said.

By reporting suspected tax fraud or , taxpayers play an important role in uncovering fraud and supporting the integrity of the nations tax system.

Report fraud ASAP

The IRS is encouraging taxpayers to report suspected wrongdoing as soon as possible, saying timely tips can help the agency more effectively address fraud and noncompliance.

While the new web page represents the first phase of the effort, officials described it as part of a longer-term modernization plan. Future updates are expected to reduce the number of forms required to submit tips, automate certain processes, and incorporate modern case management software to better track and evaluate referrals.

Historically, the IRS has faced challenges in fully leveraging the information it receives from the public. According to the agency, creating fewer work streams, simplifying submission procedures, and improving internal processing will make it easier to act on credible leads.

The IRS said the changes are aimed at strengthening enforcement capabilities while making it more straightforward for taxpayers to participate in protecting the integrity of the federal tax system.

Subaru and Kia are part of this week's recall

The Costco discount most members completely miss

• Costco Direct automatically saves you money when you buy 2+ qualifying big-ticket items (appliances, TVs, furniture). Look for the red Costco Direct label.

• Combine items in the same promo (washer + dryer, fridge + dishwasher). The discount applies automatically at checkout.

• Shop around major holiday sales and use the Costco Anywhere Visa Card by Citi to earn up to 4% back plus most appliance orders include delivery and haul-away.

Costco has a lesser-known online program for members called Costco Direct, and its a game changer when buying big ticket items like furniture, electronics, and appliances.

Heres what it is, how it works, and how to squeeze the maximum savings out of it.

What exactly is Costco Direct?

Costco Direct is an online-only savings program that offers automatic discounts when you buy multiple qualifying items at the same time.

Youll usually see promotions like:

• Spend $1,999 on 2+ items Save $300
• Buy 5+ qualifying appliances Save $500
• Buy any 3 Costco Direct items Save $200

The item description must have the small red label titled Costco Direct.

They dont advertise the deals very well on the Costco website. Ive found the best way to find them is to actually search Costco Direct directly from their search bar.

The search results will typically include the following:

• Appliances
• TVs
• Laptops
• Furniture
• Whole home generators
• Patio furniture
• Outdoor gazebos
• BBQs
• Toilets

They also occasionally have high-end seasonal items.

Unlike the regular Costco warehouse markdowns, this is an online only, bundle-based discount, that automatically applies at checkout.

The point of Costco Direct is simple

Its designed to reward you for buying multiple big-ticket items at once.

Instead of discounting just one refrigerator or one TV, Costco gives you a bigger automatic discount when you bundle qualifying items together.

Think of it like this:

• Buy 1 appliance regular sale price.
• Buy 2 or more qualifying appliances automatic extra savings.

Its Costcos way of:

1. Encouraging larger online purchases.
2. Moving high-value inventory faster.
3. Competing with big-box appliance package deals.

If youre already planning to replace multiple items, say a washer and dryer, or a fridge and dishwasher, Costco Direct can knock hundreds off your total.

But its not meant for small, everyday purchases. The savings is also beneficial if youre building a new home or doing a big remodel and replacing multiple appliances, furniture, or electronics.

Its built specifically for bundled, higher-dollar buys.

How to use Costco Direct

Go to Costco.com and search Costco Direct.

1. Click into the current promotion page.
2. Filter by category (appliances, TVs, etc.).
3. Add qualifying items to your cart.
4. The discount applies automatically once you hit the quantity threshold.
5. No coupon codes. No membership upgrade required.

Where the real savings happen

Dont assume that the savings Costco Direct provides is only useful if youre remodeling your entire house. Thats just not true.

Heres how the majority of us can take advantage of the savings:

1. Mix and match strategically

You dont have to buy two refrigerators.

You can combine:

• A washer
• A dryer
• A microwave
• A dishwasher
• A couch
• A reclining chair
• A dining table set

As long as theyre in the same Costco Direct promotion, youre good to go.

This is perfect if you're outfitting a rental, helping a kid move out, or replacing multiple aging appliances or furniture items at once.

2. Time it around seasonal transitions

Heres when Costco runs the most aggressive Costco Direct promos:

• Before Memorial Day
• Before Labor Day
• Around Black Friday
• During appliance clearance cycles

If a manufacturer model refresh is coming, then know that youll be able to stack:

• Manufacturer markdowns
• Costco Direct bundle savings
• Credit card rewards

Stacking like this is when your discounts quietly creep into the 2035% off range.

3. Stack with the Costco Credit Card

If you use the Citi Costco Anywhere Visa, you can earn:

• 2% Executive Membership reward (if youre Executive)
• 2% from the Costco credit card on Costco purchases

Thats potentially 4% back on top of the Direct discount.

On a $4,000 appliance package, thats another $160 back.

4. Dont forget about delivery perks

Costco Direct appliance purchases typically include:

• Three- to- five-day delivery in most areas
• Basic installation
• Haul-away of old units
• Extended warranty (often two years total)

The measure would stop hedge funds from buying single-family homes

By Mark Huffman of ConsumerAffairs

• A bipartisan group of U.S. senators has introduced legislation aimed at preventing private equity firms from purchasing single-family homes.

• Lawmakers say the measure is designed to ease housing affordability pressures and curb investor-driven price spikes.

• The proposal reflects growing concern in both parties over Wall Streets expanding role in the residential housing market.

Its not often these days that Republicans and Democrats in Congress can agree that a bill needs to be passed. However, Sen. Elizabeth Warren (D-Mass.) and Sen. Josh Hawley (R-Mo.) are cosponsoring a bill to bar private investment firms from buying up single-family homes.

In his State of the Union address last week, President Trump also lent his support to the idea.

Supporters argue that large-scale investor purchases have intensified competition for homes, driving up prices and rents and putting homeownership further out of reach for middle-class families.

Wall Street has exploited the American housing crisis, turning the nations housing stock into a portfolio of rental properties, Hawley said in a statement. Families deserve to be able to buy their own homes and achieve the American dream without competing with big investment companies that irrevocably drive up housing prices. Thats why I am introducing legislation to ban Wall Street from buying single-family homes once and for all.

Small investors not affected

The legislation would apply specifically to private equity firms and other institutional investors that manage pooled funds on behalf of outside investors. Individual landlords and smaller-scale real estate investors would not be subject to the ban. Lawmakers say the goal is to curb large-scale acquisitions that can shift entire neighborhood markets, rather than penalize small property owners.

Under the proposal, covered firms that currently own single-family rental homes would be required to sell those properties within a set timeframe, potentially three to five years. Penalties for noncompliance could include financial fines and restrictions on future real estate activity.

The legislation would reverse a trend that began during the housing market crash of 2009-10, when millions of subprime foreclosures flooded the market with homes, dragging down prices. Seeing bargains, large investors bought up thousands of homes for rental property, effectively taking them off the market and creating shortages, which in turn drove up prices.

The issue of affordability

Housing affordability has become an increasingly urgent issue nationwide. Home prices surged during the pandemic-era buying boom, fueled by low interest rates and limited housing supply. Although mortgage rates have since risen, prices in many markets remain elevated, and inventory continues to lag demand.

Supporters of the bill argue that when private equity firms purchase homes in bulk often making all-cash offers they can outcompete individual buyers and contribute to upward pressure on prices. Some research suggests institutional investors account for a significant share of purchases in certain markets, though nationally they still represent a minority of total homeownership.

The push-back

Industry groups have pushed back on similar proposals in the past, arguing that institutional investors provide rental housing options and professional property management at scale. They also contend that the primary driver of high housing costs is insufficient new construction, not investor ownership.

Real estate and private equity trade associations are expected to oppose the measure, saying it could reduce rental supply and discourage investment in housing development. They may also raise concerns about potential legal challenges, particularly regarding property rights and retroactive divestment requirements.

The bills prospects in Congress remain uncertain. While bipartisan sponsorship increases its visibility, housing policy proposals that directly restrict private investment often face strong lobbying opposition and procedural hurdles. Still, the introduction of the legislation underscores a rare area of cross-party agreement: that housing affordability has become a political and economic flashpoint demanding federal attention.