Gas Prices Tick Down
Gas prices fell slightly as last week ended, according to AAA. The national average for regular gasoline dipped 2 cents a gallon.
Gas prices fell slightly as last week ended, according to AAA. The national average for regular gasoline dipped 2 cents a gallon.
An inflation measure that the Federal Reserve uses to set policy rose 3.6% in July from a year ago.
Initial claims for unemployment insurance were little changed over the past week, hovering around coronavirus pandemic-era lows.
First-time filings for unemployment insurance hit a new pandemic-era low last week.
Retail sales in July fell 1.1% from the previous month, driven largely by heavy slumps in motor vehicle dealer sales.
The U.S. Energy Information Administration reported national average regular gasoline prices flat in the week ending Aug. 16 from the previous week.
The U.S. Energy Information Administration (EIA) released its latest Short Term Energy Outlook, forecasting regular average gas prices peaked in July but remaining high in August.
Inflation at the wholesale level jumped a higher-than-expected 1% in July.
The Labor Department reported Wednesday that its consumer price index (CPI) rose 5.4% in July from a year earlier
Average regular gasoline prices reached $3.17 a gallon for the weekend ending Aug. 9, the U.S. Energy Information Administration (EIA) reported.
Nonfarm payrolls increased by 943,000 for the month while the unemployment rate dropped to 5.4%, according to the Labor Department’s Bureau of Labor Statistics.
Initial claims for unemployment insurance edged lower last week, meeting Wall Street expectations.
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