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“NY gas prices hit record high as inflation slams wallets” New York motorists have good reason to grumble this week as gasoline prices throughout the state hit an all-time high — with pump costs surging well above the record-setting national price tag. In the New York City metro area, the average cost of a gallon…
“US gas prices back near record highs, hammering motorists” US motorists gearing up for their warm weather road trips are set to encounter fresh record high gas prices this week as inflation continues to hammer household budgets. The national average price of a gallon of gas was $4.328 as of Monday afternoon, according to AAA…
“Delta’s stock spikes as travel surges despite rising fuel prices” Delta’s stock got a boost after the airline said customers are taking to the skies in record numbers — despite fresh COVID-19 cases and stiff fuel prices that have sent ticket prices soaring. “We are seeing an historic level of sales activity and booking volumes…
“Pain at the pump easing as gas prices hit reverse, AAA says” Prices at the gas pump have continued to decline, with the average price falling below $4 “in much of the country,” according to AAA. AAA cited falling oil prices for the recent slip in pump prices. The cost of oil accounts for 50% of what…
“The price of eggs is surging due to a strand of avian flu” A deadly and highly contagious strain of avian flu has forced American farmers to kill millions of hens, which has slashed the supply of eggs and made the breakfast staple more expensive. Retailers in the Midwest recently were buying a dozen large…
“Need gas cash? Rapper Fat Joe shells out $100K to help Americans pay for fuel” Rapper Fat Joe and tech mogul Jack Dorsey are helping ease Americans’ burden at the pump. Fat Joe teamed up with the Cash App, which is owned by Dorsey’s Block Inc, to hand out $100,000 to users of the app…
“India ‘happy’ to buy crude, other goods from Russia as it struggles under sanctions” Two Indian officials said Monday that India is seriously considering a Russian offer that would allow them to buy crude oil and other commodities for paise on the rupee. “Russia is offering oil and other commodities at a heavy discount. We…
“US faces 35% risk of recession: Goldman Sachs” The US economy is at greater risk of falling into a recession over the next year due to higher oil prices and the specter of a prolonged Russian invasion of Ukraine, according to experts at investment banking giant Goldman Sachs. The analysts at the bank peg a…
“Inflation is bad now — but the Fed could return us to the ’70s” So much for Federal Reserve Chairman Jerome Powell’s repeated assurances last year that inflation would prove to be but a transitory phenomenon. So much too for our hopes that it will be smooth sailing ahead for the economy, the stock market and…
“How Biden can help lower gas prices” For the first time in nearly 14 years, the national average price for gasoline surpassed $4 per gallon. The price at the pump is up more than 40 cents per gallon from just a week ago and $1.30 per gallon higher from one year ago. In a matter…