US gasoline prices averaged more than $5 per gallon on Saturday, setting a new all-time high, data from the American Automobile Association (AAA) shows. According to the non-profit AAA, which tracks prices at more than 60,000 gas stations across the country, the national average price for regular unleaded gas rose …
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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 …
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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 …
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Americans are markedly more concerned about their personal finances compared to last year, with a significant portion reporting they’re now “very” or “moderately worried” about making ends meet, a Gallup poll released on Monday has revealed. More than half (52%) of poll respondents expressed worries about maintaining their standard of living, …
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Americans are markedly more concerned about their personal finances compared to last year, with a significant portion reporting they’re “very” or “moderately worried” about making ends meet, a Gallup poll released on Monday reveals. More than half (52%) of poll respondents expressed worries about maintaining their standard of living, a …
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The Estonian consumer price index saw a dramatic surge of 18.8% year-over-year in April, with prices advancing faster than they have been in decades, according to the latest data revealed by Statistics Estonia. The agency reported that prices for goods and services were 14.4% and 27.8% more expensive respectively in …
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JPMorgan Chase says commodities could rise in price by 40% should investors boost their allocation to raw materials at a time of rising inflation. According to Bloomberg, the bank’s strategists said that while allocations appear to be above historical averages on commodities, they are not very overweight. That suggests scope …
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The Caspian Pipeline Consortium (CPC) – one of the world’s key pipelines – was forced to suspend the operation of one of the remote mooring devices at its Marine Terminal near Novorossiysk due to “critical” storm-caused damage to the equipment. As a result of the incident, the oil deficit on …
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Australian health authorities have announced that the “stealth” Covid-19 viral strain, dubbed the “Son of Omicron” in the media, has been detected in a number of states and territories. This BA.2 sub-variant – thought to be more infectious than the original Omicron – has already been seen in more than …
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The French authorities are working on further measures to restrain spiking energy prices, the country’s finance minister said, issuing a warning about political fallout ahead of a presidential election. “Look what’s going on in Kazakhstan, it’s quite indicative of what can happen when energy prices explode, it’s politically dangerous,” Bruno …
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