WASHINGTON — The American Automobile Association reported the national average price for a gallon of regular gasoline rose to $4.483 on Tuesday, an increase of nearly 3 cents overnight, as escalating tensions in the Strait of Hormuz and related crude oil volatility pushed retail fuel prices higher across multiple states...
Washington, IMF Managing Director Kristalina Georgieva told a Milken Institute conference on Monday that the continuation of the war in the Middle East into 2027 would push inflation higher and could force oil prices toward about $125 per barrel, undermining the IMF's reference forecast and placing the lender's adverse and...
United States: Retail gasoline prices rose across multiple states this week, with AAA and GasBuddy reporting sharp increases on Monday and over the prior week. Florida's average climbed about 40 cents to $4.34 per gallon, Michigan and Peoria reported larger weekly jumps, and national averages reached roughly $4.45 per gallon. The...
Cleveland, Ohio — On Friday May 1, AAA reported Ohio's statewide average gasoline price rose to $4.83 per gallon, up nearly 40 cents from Thursday and roughly $1 above last week; local stations in Akron and Cleveland approached $5 per gallon as immediate retail signs showed overnight jumps. Phoenix and other...
Washington — On Thursday, President Donald Trump signed an executive order directing the Treasury Department to create a government website, TrumpIRA.gov, to help Americans find and compare private-sector retirement savings accounts and expand access for workers without employer-sponsored plans ahead of a federal Saver’s Match program scheduled to begin in...
Global oil markets saw Brent crude jump above $126 a barrel, a four-year high, amid a sharp escalation between the United States and Iran over the Strait of Hormuz. According to administration officials cited in internal reports, Washington is considering military strikes on Iranian targets in response to what U.S....
WASHINGTON. The U.S. economy expanded at a 2% annualized rate in the first quarter of 2026, the Commerce Department reported Thursday, rebounding from a 0.5% pace in the final quarter of 2025 after last fall's 43-day federal government shutdown; the agency provided detailed component data for January through March. The Commerce...
Washington — The Commerce Department reported Thursday that the Personal Consumption Expenditures price index rose 0.7% in March from February and 3.5% year-over-year, the largest annual increase in nearly three years. Gasoline prices surged about 21% in March, and outlets linked the spike to tensions involving Iran this month. The increase...
WASHINGTON — The U.S. Labor Department reported Thursday that initial jobless claims fell to 189,000 for the week ending April 25, a 26,000 decrease from the prior revised level of 215,000, marking the lowest weekly level since 1969 and reducing the four-week moving average to 207,500 this week. Market participants this...
Detroit commuters this week experienced sharp increases in gasoline prices as regional pump costs rose amid refinery maintenance and global oil market tensions; GasBuddy reported Michigan averages jumped from $3.78 to $4.19 between April 21 and April 28, and several local stations added noticeable surcharges on signs. Cleveland, San Diego and...
