NEWYou can now listen to Fox News articles! Americans traveling this Memorial Day weekend will face some of the highest gas prices in history. Despite the soaring costs due to the ongoing conflict in Iran causing shipping bottlenecks and blockades, AAA expects more than 39 million people to hit the roads over the holiday weekend. … Read more
Most people do not think the U.S. economy is good, according to CBS News polling. Yet a record number of people are expected to travel this Memorial Day weekend, ahead of a summer that is showing no signs of a slowdown. Kris Van Cleave reports. Source link
In response to high gas prices, 30-year-old Mali Hightower, a handyman near Atlanta, said he created a “mini car” that costs about $3 to fill up. Tony Dokoupil has the story. Source link
PepsiCo — the company behind snack and beverage brands including Pepsi, Lay’s, Doritos, Gatorade and Quaker Oats — said it’s raising prices on some of its smaller chip bags just weeks after executives touted the success of earlier price cuts aimed at winning back cost-conscious shoppers. Subscribe to read this story ad-free Get unlimited access … Read more
American motorists, already facing the highest gasoline prices since 2022, are likely to see fuel costs rise further as the busy summer travel season heats up. A new forecast from tracking service GasBuddy predicts gas prices across the U.S. will average $4.80 a gallon between Memorial Day weekend and Labor Day. “This is the most … Read more
Rising Treasury yields are sending a warning signal: Investors are worried that higher inflation could keep the Federal Reserve from cutting interest rates anytime soon. Treasurys, or bonds issued by the U.S. government, are considered among the safest investments in the world. Their yields move with investor demand and expectations for inflation, economic growth and … Read more
PORTLAND, Ore. — Oregon voters on Tuesday rejected a gas tax increase passed last year by Democratic lawmakers, a victory for Republicans who put the issue to voters just as the war with Iran was causing prices at the pump to soar. Democrats had raised the state gas tax by 6 cents a gallon and … Read more
Americans grappling with higher gas prices as summer kicks off – CBS News Watch CBS News Gas prices are averaging around $4.50 per gallon nationally with Memorial Day weekend just days away. Kris Van Cleave reports. Source link
The national average for a gallon of gasoline has been ticking up since the start of the war with Iran. In Killeen, Texas, it’s up $1.28, which comes to about $90 more every month for Charles Rice to fill up his truck. “$3.96 instead of $4.12 or $4.20 or what have you, so that’s what brought … Read more
Four of America’s largest retailers will report their quarterly earnings this week, and the most pressing question the reports will answer is whether Americans are finally starting to buckle under the weight of rising prices. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The results from Home Depot, … Read more