$4.47 AAA average gas prices
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Rate Hike Odds Jump to 90% as Record Diesel Lifts Inflation: This Week on Wall Street
Traders spent this week repricing the Federal Reserve. The implied probability of an interest rate increase at next Wednesday’s meeting climbed from roughly a coin flip to about 90% after back-to-back inflation reports left little room to argue that price pressures are fading. Crude Above $100 Is Doing The Damage Thurs
Michigan consumer sentiment falls to second-lowest reading
The University of Michigan’s preliminary September consumer sentiment index fell to 47.8 from 51.7 in August, the second-lowest reading in the survey’s history. Expectations dropped more sharply than current conditions, while year-ahead inflation expectations rose to 4.6%.
Iran Seeks 5%-7% Strait of Hormuz Toll, Oman Backs 3% as Officials Deny Trump Deal Is Imminent: Report
Iran has reportedly sought to charge ships a transit fee equal to 5% to 7% of the value of their cargo transiting the Strait of Hormuz as a toll amid uncertainty over a possible deal between Washington and Tehran. Iran, Oman Advance Toward Hormuz Deal According to a report by Reuters on Wednesday, a proposed agreement
Trump Touts 'Thousand-Year' Gasoline Supply, Says China Lacks It, as Adam Schiff Questions $13 Billion Venezuelan Oil Claim
As the U.S. and Iran pause hostilities after weeks of continuous strikes, oil prices in the global markets fell sharply. However, gas prices could remain elevated at the pump despite the decline in crude oil prices. Refining Remains ‘Limiting Factor’ On Monday, GasBuddy analyst Patrick De Haan posted on the social medi
Americans Are Driving Less But Paying More— and 7-Eleven Just Proved it With a $349 Million Quarterly Profit
Despite fewer Americans hitting the pumps, 7-Eleven, the U.S. convenience store unit of the Japanese company Seven & i Holdings Co Ltd (OTC: SVNDY ) announced nearly $349 million profit, largely attributed to the recent surge in U.S. gasoline prices. As per the company, surge in gasoline prices contributed nearly half
Trump Warns Gasoline Retailers Of ‘Big Problems’ If They Don’t Lower Prices: President Acting Like Biden, Says Anthony Pompliano
President Donald Trump demanded on Monday that gasoline retailers immediately lower pump prices, warning of "big problems" if they do not, as he pressed companies to move faster after crude oil prices fell from wartime highs. Trump Demands Immediate Gas Price Cuts "Gasoline Retailers must get their Prices down, IMMEDIA