Driving during Thanksgiving week can be a hassle, but for travelers passing through five East Coast states, discount gas prices at Sheetz stores offer some relief. Sheetz has lowered the price of “Unleaded 88” gas to $1.99 per gallon, a 40% discount off the national average of $3.29. This deal is available until 11:59 p.m. …
Oil Prices Surge as Israel Gears Up for Possible Invasion of Gaza Sanctions on Crude-Producing Countries Spark Market Fears Oil prices are on the rise once again amid escalating tensions in the Middle East. Israel is preparing to potentially invade Gaza as early as Saturday, while the United States tightens sanctions on major crude-producing countries. …
U.S. consumer prices rose in September due to higher rent and gasoline costs. However, underlying inflation is slowing, leading financial markets to expect that the Federal Reserve will not raise interest rates next month. The consumer price index (CPI) increased by 0.4% last month, according to the Labor Department. This follows a 0.6% jump in …
US Household Wealth Hits All-Time High at $154.3 Trillion: Is It Really a Cause for Celebration? A recent report by CNN’s Matt Egan reveals that US household wealth has reached a staggering record of $154.3 trillion. While this might seem like a reason to celebrate, it’s essential to delve deeper into the factors driving this …
Trans Mountain’s massively over-budget and controversial pipeline expansion project, which runs through Alberta and British Columbia, faces a new and significant obstacle. The Stk’emlupsemc te Secwepemc (SSN), a First Nation near Kamloops, disputes Trans Mountain’s proposed change in the pipeline route through an area called Pípsell. The SSN argues that this change will endanger a …
Gas Price Spike Causes Inflation Rise in August Gas prices experienced a sharp increase in August, resulting in a rise in inflation. However, most other costs saw a more modest growth rate, indicating a general cooling of consumer price increases. The latest data from the Labor Department reveals that the consumer price index increased by …
Gasoline prices in the United States are currently at their highest level in over a decade at this time of year. This could soon rise even further due to cuts in global supply or potential storms hitting the U.S. Gulf Coast. Gas prices are closely tied to the cost per barrel of crude oil, which …
Economists are warning that the recent surge in the annual rate of inflation could be a cause for concern at the Bank of Canada. According to Statistics Canada, annual inflation rose to 3.3% nationally in July, exceeding the central bank’s target range of one to three percent. This is up from June’s inflation rate of …
Experts predict that the Bank of Canada will rely on a significant economic slowdown this fall to prevent inflation from rising further. The central bank has made progress in reducing headline inflation, with economists estimating that the consumer price index report from Statistics Canada will show a 2.9% annual inflation rate, down from 8.1% last …
Canada’s energy regulator has denied Trans Mountain’s request to expedite a nearly threefold increase in shipping fees for energy companies. The pipeline project, owned by Crown corporation Trans Mountain, had submitted an application to the Canada Energy Regulator in June seeking an increase in toll rates from $4 per barrel to nearly $11 per barrel. …