U.S. diesel prices soar past $6 a gallon, deepening strain for hauling everyday goods
Diesel prices in the U.S. hit yet another record on Friday, soaring past $6 a gallon on average as Washington's war with Iran disrupts the world's flow of fuel.
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US inflation holds steady as diesel prices pass $6 a gallon
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US inflation holds steady as diesel prices pass $6 a gallon
Prices in the US rose 3.4% in the 12 months to August, according to the latest official figures.
US inflation holds at 3.4% as monthly price rises hit fastest pace since May
US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign the energy shock is starting to bite four days before a Federal Reserve decision markets expect will…
Diesel hits record $6 a gallon as Houthis take key Red Sea territory
Diesel prices in the U.S. have hit a painful new milestone, $6 a gallon as, reports said, Houthi rebels in Yemen took key territory along the Red Sea.
CPI rose at 3.4% pace in August, raising odds of Fed rate hike this month
The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
Inflation persisted in August, potentially locking in a Fed interest rate hike
The all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% gain, according to the Dow Jones consensus.
Inflation held steady in August as Iran war surges oil prices
Inflation remained unchanged in August as gas prices continued to rise amid the war with Iran, new data from the Bureau of Labor Statistics (BLS) showed Friday. The consumer price index (CPI) increased 0.4 percent last month and 3.4 percent over the same time last year. This was…
Diesel hits $6 a gallon for the first time, fueling inflation
The national average price of a gallon of diesel jumped over $6 for the first time ever, AAA said on Friday. Why it matters: The fuel that runs the economy is getting more expensive by the day, costing businesses and consumers alike billions of dollars. While the $6 threshold is…
August inflation report could set the path for interest rates, affordability
Friday’s August inflation report could mark a pivotal moment for interest rates, affordability and Kevin Warsh, President Donald Trump’s new Fed chairman.
U.S. diesel price tops $6 per gallon, a record high as Ukraine and Iran wars ripple through economy
U.S. diesel prices hit their highest level ever as fuel supply disruption stemming from the Ukraine and Iran wars lifts transportation costs.
Diesel prices are nearing $6 a gallon for the first time ever
The price of diesel has soared more than 60% over the last year, a surge energy experts said is likely to continue. Here's why.
Friday's CPI inflation report is even more important than usual. Here's what to expect
The Bureau of Labor Statistics will release the August consumer price index report at 8:30 a.m.
Wholesale prices rose 0.4% in August, as expected
The producer price index was expected to rise 0.4% in August, according to the Dow Jones consensus forecast.
US diesel hits record $6 a gallon on Iran supply shock
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