According to the Department of Labor Consumer Price Index (CPI) numbers for June, prices increased 1.1 percent for the month of June compared with 0.6 percent for May - almost double. The index for energy rose sharply for the second straight month, increasing 6.6 percent in June following a 4.4 percent increase in May. The [...]
July 16th, 2008 | rp | Comments | ContinuedAll Posts Tagged With: "EIA"
Crude hits record high as the holiday weekend approaches
Crude oil futures have hit a record high of $144 dollars a barrel as the 4th of July, 3 day weekend, approaches.
According to the EIA, the average price of retail gasoline for the week of 06/30 was $4.095, up $1.136 from the same time last year, a 38% increase! The worst hit metro’s include LA [...]
Inflation eases but food prices head higher in April
The Department of Labor released the Consumer Price Index numbers for April. The CPI for all urban consumers rose 0.2 percent on a seasonally adjusted basis. The index in energy remain unchanged but after a 1.9% increase in March. The index for petroleum based products fell 1.6% offsetting a 2.5% increase in the index for [...]
May 14th, 2008 | rp | Comments | Continued
Crude passes $120, gasoline prices increase
The NYMEX Division Light Sweet Crude Oil futures contract closed up $0.15 to end above $120 at $120.12. Average price of gasoline in the US went up $0.01 since last week ( 04/28/08 ) rising from $3.603 to $3.613 as reported by the Energy Information Administration.
Rising gas prices are hurting consumers and retailers [...]
