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Inflation unexpectedly cools off as the Fed decides its next move
The Consumer Price Index increased 3.3% year over year in May, which is less than the 3.4% increase…
Madison Hoff
Inflation ticks back up as housing prices stay stubbornly high
The US ended 2023 with inflation ticking back up. The consumer price index rose by 3.4% year over y…
Madison Hoff
Gasoline prices fall as weakening demand sends refining margins crashing
Gas prices were at $3.575 a gallon on Wednesday, according to AAA, down from $3.584 a day ago and $…
Aruni Soni
Inflation slows again as gas prices tumble to earth
The Consumer Price Index climbed 3.1% year over year after a 3.2% rise in October.
Madison Hoff
Russia will reportedly ban gasoline exports for 6 months to offset 'excessive' demand for crude products
The ban is meant to address rising domestic demand, and comes ahead of the March presidential elect…
Yuheng Zhan
Inflation came in hotter than expected in March
Newly released data from the consumer price index shows inflation accelerated in March. The year-ov…
Madison Hoff
Here's why gasoline prices could sink 9% by year-end despite oil's surge
Prices at the pump might fall as low as $3.25 by the end of 2023 amid seasonal shifts and overprodu…
Filip De Mott
Gasoline prices are heading lower after Saudi Arabia pushed oil prices too high and crushed demand, analyst says
Wholesale gas prices will come down in the coming months as demand keeps sliding, Paul Sankey told …
Filip De Mott
Putin's war fired up Russia's economy and beat sanctions — but big problems lie ahead
Vladimir Putin overcame sanctions by selling oil to India and China and spending heavily on its mil…
Theron Mohamed
Inflation held steady in September as housing and gas prices keep going up
The Consumer Price Index increased 3.7% over the year in September, new data out Thursday showed, t…
Madison Hoff
'Shark Tank' star Kevin O'Leary warns of a 'downsized America' as rising prices and loan payments force consumers to cut back
Cash-strapped Americans are having to settle for smaller, cheaper homes and cars than they could af…
Theron Mohamed
Inflation comes in hotter than expected
The consumer price index rose by 3.1% year over year in January, lower than the 3.4% in December.
Madison Hoff
Gas prices have been falling for a month, but they could be falling faster. Blame Big Oil for not getting them back to normal sooner.
Companies are hesitant to lower prices at the pump too much even though the average price for a gal…
Ben Winck,Madison Hoff
Here's why gas is more expensive than ever even though oil prices are down
Crude oil supply has rebounded, but Americans aren't feeling it at the pump. That's because refiner…
Ben Winck
A fracking boom made the US the world's biggest oil producer. Now its end is pushing gas prices much higher.
US fracking was key to building energy independence through the 2010s. But the boom is over, and th…
Ben Winck
Biden's latest plan to try to bring gas prices down: Releasing 1 million barrels of oil a day from the government's stockpile for 6 months
The release could lower prices by "10 cents to 35 cents a gallon," President Biden said Thursday, a…
Ben Winck
Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business
"I haven't talked to a logger in the last few years that is actually making money," the owner of Go…
Grace Dean
The average gallon of gas in the US climbs to a record high price of $4.37
Crude oil prices have fallen in recent weeks, yet gas is pricier than ever. Blame refiners, which a…
Ben Winck
Why oil prices already at highs could surge another 10% by summer, according to BofA
Bank of America predicts Brent and WTI peaking around $95 per barrel in summer, a roughly 10% jump …
Yuheng Zhan
Oil prices spike on crude inventory update and Powell's rate-cut outlook
The Israel-Hamas war, Red Sea attacks, and the West's sanctions on Russia's oil trade have helped k…