Excluding business at gas stations, retail sales rose 0.2% in September. The government figures aren't adjusted for inflation, which accelerated last month as gasoline and many other goods and services became more expensive.
High gas prices are intensifying inflation and vacuuming up more of Americans' dollars, yet consumers are still digging deep to spend, powering the economy, at least for now
When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2 million barrels of crude, the journey will cost $81 million. The same journey would have cost $9.1 million last year, on average.
With the midterm elections just three weeks away, a new inflation report shows prices rising faster than expected, putting more pressure on Americans struggling with the cost of everyday essentials. To discuss what the latest numbers mean for Americans, Amna Nawaz spoke with Heather Long, vice president and chief economist at Navy Federal Credit Union.
As global oil supplies continue to tighten up amid ongoing geopolitical conflicts that have pushed up fuel prices, the governor of Texas has declared a state of emergency.
As global oil supplies continue to tighten up amid ongoing geopolitical conflicts that have pushed up fuel prices, the governor of Texas has declared a state of emergency.
The U.S. is reportedly threatening to ban exports of diesel fuel to parts of Europe, unless countries like Germany and France release more of their diesel reserves.
The U.S. is reportedly threatening to ban exports of diesel fuel to parts of Europe, unless countries like Germany and France release more of their diesel reserves.