Jul 24 Gas, groceries and back-to-school items are where shoppers might see higher oil prices surface By Anne D'Innocenzio and Cathy Bussewitz, Mae Anderson, Associated Press Already feeling pinched since the start of the Iran war, consumers are likely to feel more pain ahead as oil prices pushed past $100 a barrel Thursday amid renewed fighting and military strikes that have left global oil supplies stranded… Continue reading
Jul 20 U.S. gas prices hit an average of $4 a gallon again as the U.S. and Iran launch attacks By Associated Press The price is a national average, meaning drivers in some states have been paying well over $4 a gallon for a while now. Continue reading
Jul 14 Inflation cools more than expected in June as gas costs fall and underlying prices ease By Christopher Rugaber, Associated Press Tuesday's report likely reduces pressure on the Fed to boost its short-term interest rate to combat inflation. Continue reading
Jun 30 U.S. consumer confidence rises as gas prices fall, but economic outlook remains gloomy By Christopher Rugaber, Associated Press The Conference Board said Tuesday that its consumer confidence index rose 0.6 point to 91.2 in June, a figure that is still below its year-ago reading of 95.2. Continue reading
Jun 18 U.S. gas prices just fell below $4 for 1st time since March. They're still 25% higher than last year By Michelle Chapman, Associated Press Prices fell overnight after President Donald Trump signed an agreement with Iran that calls for Tehran to dilute its stockpile of highly enriched uranium and waives U.S.-backed sanctions on the country. Continue reading
Jun 18 Trump's economic approval rating hits new low, poll finds By Hannah Grabenstein Some voting groups that Trump handily won aren’t happy with his economic approach, including more thanhalf of white voters without a college degree. Continue reading
Jun 10 Inflation rises to a 3-year high on spiking gas prices, highlighting affordability challenges By Christopher Rugaber, Associated Press Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. Continue reading
May 14 Retail sales growth slowed in April as Iran war fuels higher gas prices By Anne D'Innocenzio Retail sales rose 0.5% in April, a slowdown from the revised growth level of 1.6% in March, according to Commerce Department data released Thursday. March marked the largest one-month increase in retail spending in more than three years, largely because… Continue reading
May 13 Tax cuts collide with inflation as voters weigh Trump's economy in the midterms By Bill Barrow, Associated Press Although President Donald Trump has tried to put more money in middle-class pockets with tax cuts, the benefits are being eroded as prices keep rising, especially during the war with Iran. The latest numbers, released Tuesday, showed the rate of… Continue reading
May 13 U.S. grocery prices rose in April, but gas spikes weren't the only reason By Dee-Ann Durbin, Associated Press Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why. Continue reading