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Consumer prices jumped 0.7 percent in June, the U.S. Labor Department announced Wednesday -- but the rise was due to this spring's surge in gasoline prices,
Consumer prices rose 0.4 percent in August, the U.S. Labor Department announced Tuesday, as a 9.1 percent surge in gasoline prices skewed the index higher. The report provided a few morsels for ...
Producer prices rose 1.8 percent in June, the U.S. Labor Department announced Inflation rose at the wholesale level, but investors can discount much of the increase due to a spike in energy prices.
The price of gas on June 17 was $3.67.5 a gallon, 25.1 cents lower than a month earlier but 96.8 cents above a year earlier. [61] On June 24, the price of gas was $3.62.8 and expected to go much lower due to the opening of the Strategic Petroleum Reserve. U.S. oil prices fell below $90 before rising again, and Brent crude fell 2%. [62]
Crude oil prices to gas prices Henry Hub natural gas prices. From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under US$25/barrel in 2008 dollars. During 2003, the price rose above $30, reached $60 by 11 August 2005, and peaked at $147.30 in July 2008. [1]
The 2000s commodities boom, commodities super cycle [1] or China boom was the rise of many physical commodity prices (such as those of food, oil, metals, chemicals and fuels) during the early 21st century (2000–2014), [2] following the Great Commodities Depression of the 1980s and 1990s.
Producer prices rose twice as much as expected in August, but if energy prices moderate in the months ahead, economists say inflation should not increase. Producer prices rose 1.7 percent in ...
This includes the resources it takes for exploration, to remove it from the ground, and transport it. Between 2004 and 2008, there was an increase in fuel costs due in large part to a worldwide increase in demand for crude oil. Prices leapt from $35 to $140 per barrel ($220 to $880/m 3), causing a corresponding increase in gas prices. [15]