US inflation at new 40-year high as price increases spread, June 10, 2022:"The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.

Consumer prices surged 8.6% last month from a year earlier, faster than April’s year-over-year increase of 8.3%, the Labor Department said Friday. The new inflation figure, the highest since 1981, will heighten pressure on the Federal Reserve to continue raising interest rates aggressively."
https://apnews.com/article/key-inflation-report-highest-level-in-four-decades-c0248c5b5705cd1523d3dab3771983b4

#Inflation #Economy #GasPrices #FoodInflation #FuelCosts #Consumers #FederalReserve

Average gas price in Austin tops $4 a gallon for first time, could approach $5 with Memorial Day on horizon, May 16, 2022:"The average price of gasoline has jumped above $4 a gallon in Austin for the first time as fuel costs reach record highs in Texas and nationwide — and prices are expected to keep climbing.



The surge comes amid tight supplies, strong demand and the transition to more expensive summer blends, industry analysts said."

https://www.statesman.com/story/business/2022/05/16/austin-gas-prices-above-4-gallon-first-time-record-highs/9793252002/



#NurseUp #Gasoline #GasPrices #FuelCosts

Average gas price in Austin tops $4 a gallon for first time, could approach $5 with Memorial Day on horizon, May 16, 2022:"The average price of gasoline has jumped above $4 a gallon in Austin for the first time as fuel costs reach record highs in Texas and nationwide — and prices are expected to keep climbing.

The surge comes amid tight supplies, strong demand and the transition to more expensive summer blends, industry analysts said."
https://www.statesman.com/story/business/2022/05/16/austin-gas-prices-above-4-gallon-first-time-record-highs/9793252002/

#NurseUp #Gasoline #GasPrices #FuelCosts