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By Adam WhittakerThe average price of a gallon of diesel in the U.S. hit a fresh record high of $6.27 on Tuesday, according to the American Automobile Association.U.S. diesel prices are soaring once again as the squeeze in the fuel market tightens, breaching $6 a gallon for the first time on Friday…
By Adam WhittakerThe average price of a gallon of diesel in the U.S. hit a fresh record high of $6.27 on Tuesday, according to the American Automobile Association.U.S. diesel prices are soaring once again as the squeeze in the fuels market tightens, breaching $6 a gallon for the first time on Frida…
Americans aged 40 to 59 now account for nearly half of all new consumer bankruptcies, the largest share for that age bracket since 2017, as middle-aged households buckle under debt and rising costs. Middle-Aged Americans Lead the Rise Consumers aged 40-49 made up 26.8% of new bankruptcies, the highest share for that ag
Costco Wholesale Corp. (NASDAQ: COST ) has raised prices on its private-label motor oil and introduced weekly purchase limits, as rising crude oil costs tied to the ongoing conflict in the Middle East ripple through the auto care aisle. Prices Nearly Double, Purchases Get Capped Costco’s Kirkland Signature full-synthet
Sen. Elizabeth Warren (D-Mass.) blamed President Donald Trump ‘s war in Iran for rising gas prices squeezing American families, while Trump has argued that other countries should “reimburse” the U.S. for keeping the Strait of Hormuz open. ‘All This for a War He Can’t Even Explain’ Gas prices have climbed to $4.15 a gal
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%.
Kroger said second-quarter identical sales without fuel rose 0.2% and adjusted EPS was $1.09. The company also lowered full-year identical sales guidance without fuel to 0.2% to 0.8% while maintaining its adjusted operating profit outlook.
Retail U.S. diesel prices reached $6.0556 a gallon for the first time as oil slipped, with Brent’s November contract down 3% to $104.48 a barrel.
Diesel prices have reached $6 a gallon for the first time; Brent crude is around $105 a barrel.
AAA said U.S. diesel’s national average topped $6 for the first time at $6.05/gallon, up more than 60% from $3.71 a year ago. Gasoline rose to $4.29/gallon.
The United States Oil Fund rose 1.2% to $143.69 after diesel prices hit a Labor Day record national average of $5.87, with expectations for further gains as the Iran war continues.