Tag Archives: gasoline

Reuters reports: U.S. consumer prices increased by the most in more than a year in August amid a surge in the cost of gasoline, but a moderate rise in underlying inflation could encourage the Federal Reserve to keep interest rates on hold next Wednesday. The consumer price index increased by 0.6% last month, the largest gain since June 2022, the …

The Washington Post reports: Panic-buying has emptied 28 percent of North Carolina’s fuel stations and is exacerbating gasoline shortages across the Southeast, underscoring the real-world implications of a cyberattack that forced Colonial Pipeline offline last week. More than 17 percent of the stations in Georgia and Virginia were dry Wednesday, according to GasBuddy, and states as far as West Virginia …

CNN Business reports: Dan Salaja was a teenager with a new license last time he remembers gas selling for less than a dollar a few decades ago. “If I was a betting man, I would have bet a large amount of money we’d never see gas for less than a dollar again,” said the manager of Casey’s General Store in …