The costs of gasoline and diesel in the UK reached new highs on Friday, exceeding the previous records set earlier this week, data from the British Motorists Association RAC shows. The cost of a liter of unleaded gasoline jumped to £1.71 (about $2.16), up 31 pence, while the cost of …
Read More »
US retail gasoline prices have climbed to fresh all-time highs just in time for the traditional start of America’s summer driving season, the Memorial Day holiday weekend. Prices at the pump for regular-grade gasoline rose to $4.60 per gallon on Thursday and held around that level on Friday, according to …
Read More »
The average price of petrol in the UK has gone above £1.70 a liter for the first time, according to the latest data revealed by the motoring organization RAC. The cost of unleaded petrol, the British term for gasoline, was reported to have reached £1.69 ($2.12) per liter on Monday, …
Read More »
British wholesale gas prices rose on Monday due to a reduction in shipments from Norway after the major supplier suffered unplanned outages at its giant natural gas field. UK gas for immediate delivery jumped by 59 pence to 135 pence per therm by 08:09 GMT, its highest level since May …
Read More »
The global community needs to prepare for wheat prices rising to $700 per ton this year, a nearly 40% jump from the current $430, the Ukrainian minister of agrarian policy and food, Mykola Solsky, said on Wednesday, as cited by TASS. “Are we ready to pay $500, $600, $700 per …
Read More »
Consumer prices in Britain jumped by 9% to hit a 40-year high last month, with the biggest price increases seen in food and energy, official figures from the UK’s Office for National Statistics revealed on Wednesday. The current rise in the consumer price index is the highest since the country …
Read More »
US gasoline prices have been setting all-time highs on a daily basis over the past two weeks, according to American Automobile Association (AAA) data. The national average hit a record $4.523 per gallon (3.785 liters) on Tuesday, with every US state now averaging more than $4. California’s state average for …
Read More »
The European flying public should expect higher prices this summer when it comes to booking flights, Ryanair CEO Michael O’Leary has warned. The cost of flying this summer will reach a “single-digit percent” high above pre-pandemic levels, the low-cost airline chief told BBC Radio 4’s Today program on Monday. He …
Read More »
Wheat prices surged to a new record high on Monday after India decided to prohibit exports of the commodity as a heatwave hit production. The price climbed to €435 ($453) per ton as the European market opened. Soft red winter wheat for July delivery rose 4.2%. New Delhi said this …
Read More »
Protests sweeping Iran over surging food prices have left five people dead, according to media reports. Officials in Tehran have provided no confirmation of potential casualties. The unrest follows the government’s decision to cut food import subsidies, as part of an austerity package unveiled by President Ebrahim Raisi earlier this …
Read More »