Gasoline drove more than half of September’s 0.6% CPI rise
U.S. consumer prices rose 0.6% in September and 3.7% over the year. The gasoline index jumped 9.1% for the month, while monthly core CPI remained at 0.3%.
Gasoline prices
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Producer prices rise 1.3%, biggest monthly gain since 2022
The overall final-demand Producer Price Index rose 1.3% in September, its largest monthly increase since March 2022. Energy accounted for more than 80% of the increase in goods prices.
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Trump announces Venezuela oil arrangement, but gas relief is unlikely soon
Trump announced a sweeping U.S. role in Venezuela’s oil sector, but Treasury has published licensing changes—not a complete investment agreement—and gas relief is unlikely soon.
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U.S. Restaurant Sales Rose Slightly in June as Costs Continued to Pressure Operators
Preliminary June sales at U.S. eating-and-drinking places reached $102.5 billion, up from $102.4 billion in May, according to National Restaurant Association analysis of Census Bureau data.
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U.S. Economy Grew at a Sluggish 1.5% Annual Rate in the Second Quarter
The U.S. economy expanded at a 1.5% annual rate in the second quarter as elevated inflation, fuel prices and borrowing costs continued to pressure households and businesses.
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June CPI cools as gasoline drops—what changed for household budgets
United States Prices and Inflation Watch – June’s headline CPI fell 0.4% as energy and gasoline dropped sharply, while core prices stayed flat m/m.
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Gowanda gas watch: Kwik Fill still posts $3.05 gas, $3.99 diesel
Buffalo Street Kwik Fill in Gowanda still lists $3.05 regular and $3.99 diesel, both below AAA’s New York, Buffalo-area, and U.S. averages.