Oil prices in the US jumped back above $90 a barrel for the first time since November 2022 , sending worrying signals to The Fed and The White House.
The surge in WTI has dragged gasoline prices at the pump dramatically higher and worse still, given the lag in the supply chain, pump prices look set to go higher… Source: Bloomberg
Despite the end of the peak summer driving season, gas prices, which were already a factor in pushing up inflation in August, will likely continue rising through next week because of the spike in oil prices.In fact, prices at […]
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