Transport costs, such as fuel prices and air fares, contributed to the increase, along with the cost of food and non-alcoholic drinks. The CPI rate is now at its highest level since March 2024, and is higher than the forecast rate of around 2.8%. What is the current CPI rate? The ...
What is the current energy price cap? The current price cap is set at £1,738 for average use dual fuel customers on "default" or standard variable tariffs until 31 March 2025. From 1 April until 30 June, it will increase to £1,849. ...
The spot price of platinum simply represents the price at which the metal can be purchased or sold at the present time. It is the current monetary value of a specificweight unit(s) of platinum, typically ounces. Platinum’s Natural Price Drivers ...
Trucking economist Noel Perry pointed out in a blog post that “fuel is up more than 50% since early 2016 and looks like it will get higher.” The Oil Price Information Service said in late May “high diesel prices are in the forecast,” thanks to “a global supply-and demand scenario...
The most immediate issue is how the brutal incursion and Israeli reprisals will affect diplomatic efforts between the U.S., Israel and Saudi Arabia to improve relations between Israel and the Saudis. Oil prices started the week of Oct. 9 off with a surge as the war between Israel and Pales...
The rising price of gas has caused widespread concern across the country over how many consumers will afford to heat their homes this winter. The hike in costs has also seen many providers go under as the costs of supplying fuel becomes overbearing. ...
FRANKFURT, Germany (AP) — Western governments are aiming to cap the price of Russia's oil exports in an attempt to limit the fossil fuel earnings that support Moscow's budget, its military and the invasion of Ukraine. The cap is set to take effect on Dec. 5, the same day ...
Andrew Lipow, president of Lipow Oil Associates, a consulting firm, told Xinhua the high price of diesel fuel is already having an impact on economies in Africa, South America and Southeast Asia, which would also pose downside risks to the U.S. economy. ...
Once crude is refined into gasoline, the fuel has to be shipped to a storage tank, and eventually distributed to local gas stations. Those stations require staff and maintenance. On average, distribution and marketing costs accounted for 15.1% of the U.S. retail price of gasoline between 2014...
Crude oil is a major economic input, so a rise in oil prices contributes toinflation, which measures the overall rate of price increases across the economy. Inflation as measured by the annual gain in the U.S.Consumer Price Index (CPI)set a 40-year high in March 2022 amid COVID-19 sup...