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Gas Prices

Business
Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns
Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns After a solid holiday season, US retail sales took a surprising step back to start 2025, snapping a streak of growth and fueling worries about the economy. Retail and food services sales fell 0.9 percent in January, according to Census Bureau data released on Friday, Feb. 14. The decline reversed the trend from December 2024's revised increase of 0.7 percent, signaling that consumers may be feeling the squeeze from rising prices. Economists had predicted only a slight decline, with Dow Jones estimating a 0.2 percent drop, NBC News reported. The sales totals were seasonally adjusted but…

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by Chris Spiker
Business
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation unexpectedly accelerated in the first month of 2025, adding political and economic pressure to President Donald Trump's campaign promise of immediate relief to high consumer prices. In January, overall inflation climbed 3.3 percent year-over-year for core items and 0.5 percent monthly, according to data from the Bureau of Labor Statistics released on Wednesday, Feb. 12. That ran slightly ahead of economists' prediction of 3.2 percent inflation, NBC News reported. Core items exclude notably volatile prices for food and energy. The Consumer Price Index (CPI) still inc…

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by Chris Spiker
Politics
Brand-New Poll Reveals Shift In NYers' Consumer Sentiment Brand-New Poll Reveals Shift In NYers' Consumer Sentiment
Brand-New Poll Reveals Shift In NYers' Consumer Sentiment New Yorkers are feeling more optimistic about the economy, according to a new Siena College poll released Wednesday, Sept. 14. The New York State Index of Consumer Sentiment was up 9.1 points to 70.8 in the third quarter of 2022, the poll found. That’s 12.6 points above the nation’s Index of 58.2. The current index rose nearly 12 points from the previous quarter to 64.1 and the future index increased nearly eight points from 67.6 to 75.2, researchers found. Future confidence in the state is 17.2 points higher than the nation’s 58.0. “New Yorkers’ collective sentiment continues to o…

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by Michael Mashburn
Lifestyle
New Poll Reveals Percentages Of NYers Squeezed by Gas Prices, Hit By Food Costs New Poll Reveals Percentages Of NYers Squeezed by Gas Prices, Hit By Food Costs
New Poll Reveals Percentages Of NYers Squeezed by Gas Prices, Hit By Food Costs If you’ve been feeling the pinch at the gas pump or grocery store lately, you’re not alone, according to a new poll from the Siena College Research Institute (SCRI). Pollsters found that 69 percent of New Yorkers said that current gasoline prices are having a very serious or somewhat serious impact on their financial condition.  That’s up from 66 percent last quarter. And even more New Yorkers reported feeling burdened by the cost of groceries, with 80 percent of respondents saying that the amount of money they spend on food is having either a very serious or somewhat serious impact …

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by Michael Mashburn
Business
Average Price For Gas Drops Slightly: Here's Latest Breakdown By County In NY Average Price For Gas Drops Slightly: Here's Latest Breakdown By County In NY
Average Price For Gas Drops Slightly: Here's Latest Breakdown By County In NY Drivers got a slight break on gas prices over the weekend.  After the average price per gallon nationally had been $5 or more for the previous seven days for the first time on record, the average price on Monday, June 20 is $4.98, down three cents from last week. A year ago at this time, the price was around $3.07 per gallon. Here's a breakdown of average prices by state in the region: New York, $5.08 Connecticut, $4.94 Massachusetts, $5.00 New Jersey, $4.99 Pennsylvania, $5.03 Rhode Island, $4.97 New Hampshire, $4.95 Vermont, $5.00 Maine, $5.07 For a breakdown of prices in New…

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by Joe Lombardi
Lifestyle
Gas Prices In New York Reach Record High, AAA Says Gas Prices In New York Reach Record High, AAA Says
Gas Prices In New York Reach Record High, AAA Says Gas prices in New York have reached a new record high as the country deals with rising oil prices and nationwide inflation amid tensions overseas. On Monday, May 9, AAA was reporting that the average price per regular gallon of gas in New York has hit $4.52, the highest recorded average price in history. Likewise, truck drivers are also seeking relief at the pump, as the price of diesel fuel price also set a record on May 9 when it hit $6.38 per gallon. In New York, the price per gallon is up 17 cents from a week ago, 28 cents from a month ago, and $1.51 from May 9, 2021. Gas prices…

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by Zak Failla