Gas Prices Are Falling: Why That Might Not Really Help ObamaGas prices have dropped steadily in recent weeks, and the issue is barely registering with voters. While that eases some pressures on Obama, it doesn't necessarily translate into more votes.Scherer, Ron...
BOSTON – Experts think the escalating conflict in the Middle East will cause gas prices to spike. But they say there are other reasons you may be paying more to fill up in Massachusetts in the coming months. According to AAA, gas stations will soon switch over to the summer blend fuel....
wheat and other agricultural commodities, have been falling in international markets for much of the past year — raising questions about why food prices for consumers remain so high in Europe. And with rising labor costs and the possibility of profiteering, food prices are unlikely to come down...
Gas May Be Free but Your Bills Will Carry on Rising This Winter ; Wholesale Gas Prices Have Been Falling for Months. So Why Are Bills Still Going Up, Asks ... Gas May Be Free but Your Bills Will Carry on Rising This Winter ; Wholesale Gas Prices Have Been Falling for Months. So ...
(see chart above). But gasoline demand fell in 2008, after soaring gas prices early in the year were followed by the economic crisis. Consumption was slightly less than 3.3 billion barrels last year, and it could end 2009 at about the same level. With consumers buying more fuel-efficient ...
The national average price of a gallon of milk reached $3.93 in October, up 23% since February 2020, just before the pandemic struck. A pound of ground beef, at $5.35, is 33% higher than it was then. Average gas prices, despite a steep decline from a year ago, are sti...
"Although wholesale power prices have come down significantly so far in 2023, those lower costs may not be apparent in retail prices until later this year or in 2024," the EIA wrote. Most of the electricity in the U.S. — about 40% — is produced by burning natural gas, the cost of...
Douglas McWilliams, founder of the Centre for Economics and Business Research, echoes this sentiment. He says the OBR was too optimistic about inflation while recently it may now appear to be too pessimistic because of falling gas prices. ...
Now, of course, it’s true that when Putin invaded Ukraine, and oil prices and gas prices go up, that adds a second leg to the story. But the thing I’ve noticed is that because monetary policy loosened so much, even when inflation started to reappear at the...
The report shows food prices are 2.5% higher than they were 12 months ago. By comparison, the annual food inflation rate in December 2023 was 2.7%. Grocery prices were 1.8% higher year-over-year in December. They went up 0.3% in the past month. Restaurant prices were 3.6% higher year-...