Economy
Retail Spending Climbs 0.9% in May as Weather Improves, Gas Prices Cool
U.S. retail sales rose 0.9% in May, exceeding expectations as warmer weather and cooling gasoline prices encouraged consumer spending. This gain follows...
#gasoline prices 6 articles
Stocks
Oil Executives Alert Trump to Worsening Gasoline Prices
Oil and gas executives have warned the Trump administration that gasoline prices could climb significantly in coming months due to critically low...
Stocks
Pump Prices Jump 30% Ahead of Memorial Day, Storage Concerns Rise
U.S. gasoline prices averaged $4.55/gal on Friday, nearly 30% higher than last year, ahead of Memorial Day. Tightening storage levels suggest prices...
Economy
Inflation Jumps to Highest Since 2023: Gas, Airfares, Housing Drive Costs Up
U.S. inflation hit its highest level since May 2023 in April, with consumer prices up 3.8% annually. Soaring gasoline prices, airfares, and...
Stocks
Crude Prices Climb as Strait of Hormuz Tensions Escalate
Crude oil and gasoline prices rose Friday, driven by escalating US-Iran hostilities in the Strait of Hormuz, threatening global energy supplies.
Stocks
Gasoline Prices Jump Most in 60 Years, U.S. Inflation Soars
U.S. gasoline prices recorded their largest monthly increase in nearly 60 years last month, pushing average retail prices above $4/gal due to...