Retail sales dropped by 0.3% in May, a decline from a downwardly revised 0.7% increase in April, the U.S. Census Bureau reported on Wednesday. … READ MORE >
gasoline prices
Chart of the day: Wholesale gas prices Imply 10.4% Increase at the pump
Geopolitical tensions linked to Russia’s invasion of Ukraine have roiled oil markets around the world. The global Brent crude benchmark has traded around $115 per barrel and the domestic West Texas Intermediate benchmark stood at $112. A year ago, those prices hovered around $60. The elevated levels translate into rising … … READ MORE >
Wholesale gas futures point to decline in retail prices
Based on the relationship between retail gasoline costs and wholesale gasoline prices, that cost for consumers is likely to decline in the near term. … READ MORE >
Inflation in Canada hits 4.7% amid soaring gas prices
October inflation in Canada climbed to 4.7%, the highest since February 2003 and up from 4.4% in September, primarily because of skyrocketing gasoline prices. … READ MORE >