Gasoline could top $ 5 a gallon this summer, causing more pain for consumers

Current gasoline prices are shown in Garden Grove, California, March 29, 2022. Mike Blake | Reuters Gasoline prices are a wildcard for consumer wallets this summer, as tight supply and uncertainty can drive Ukraine’s fuel costs sharply higher. Gasoline prices are $ 5 toward climbing, and they seem to be set to stay high even … Read more

Next big shoe to drop in financial markets: Inflation that fails to respond to Fed rate hikes

Traders, investors and strategists are adding one more factor to the list of reasons why financial markets may be more than volatile through the next three to four months: . Wednesday’s price action reflected the continued anxiety gripping stock market, with all three major indexes sporting sharp losses. The Dow Jones Industrial Average DJIA, -3.48% … Read more

What Walmart, Target, Home Depot and Lowe’s Tell Us About The Economy

How well does the American consumer hold up against sky-high inflation? It depends on you. Four major retailers – Walmart, Target, Home Depot and Lowe’s – reported quarterly financial results this week, and they each have a different perspective on where and how they spend their money. Walmart said some of its more price-sensitive customers … Read more

Milk prices: Why you could be 50% more this year

Prices are rising at the fastest pace, creating a cost-of-living crisis that’s what the tough choices are about to make the world around people. The United Kingdom is no exception: inflation hit a 40-year high of 9% in April and a forecast to peak at 10% this year. The high cost of fuel and heating … Read more

Oil Markets Are Bracing For A Slew Of Bullish News

Reader Update: If you are new to the oil and gas industry or an energy market veteran, you will be signing up for the Global Energy Alert. Oilprice.com’s premium newsletter offers everything from geopolitical analysis to trading analysis, all for less than a cup of coffee per week. Chart of the Week – Chinese refinery … Read more

Thinking about selling your home? This may be the time

But homeowners are still holding back their homes, said Jeff Tucker, senior economist at Zillow. While the inventory of homes is up for sale this spring, he said it has more to do with buyers retreating than hitting the market. “Sellers don’t seem to be incentivized by these high prices, or even about how to … Read more

High Gasoline And Diesel Prices Are Here To Stay

US gasoline and diesel prices are soaring to record highs almost every day these days, as crude oil prices hold above $ 110 a barrel, the Russian invasion of Ukraine upends global crude and refined product trade flows, and refinery capacity globally. Some refineries after pandemic — including the United States — closed permanently after … Read more

Market Mayhem and Calling the Bitcoin Price Bottom

Watch This Video On YouTube Or Rumble Listen to The Episode Here: In this episode of the “Fed Watch” podcast, Christian Keroles and I, along with the livestream crew, discuss macro developments relevant to Bitcoin. Topics include the recent 50 bps rate hike from the Fed, a consumer price index (CPI) preview – the episode … Read more