Fuel pushes up US producer prices
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Wholesale prices in the US surges ahead in May, up 0.9%, adding to concerns over continuing inflation risks
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SEPTEMBER oil prices rose yesterday on US economic data showing that inflationary pressure was held in check in July. However, continued disruption in Iraqi supplies and strong world fuel demand and ongoing trouble at Russian oil giant Yukos underpinned ...
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US prices saw their biggest rise in two years in November, boosted by energy costs, official figures show.
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Washington: Oil futures prices bolted 5 per cent higher, climbing above $44 a barrel after US government data showed a slight decline in crude and heating oil supplies as colder weather in the Northeast drove up fuel demand.
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U.S. retail gasoline prices rose to  their highest level in more than a month as an increase in  crude oil prices was passed on to consumers at the pump, the  U.S. government said on Monday.
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The national price for gasoline  increased 5.5 cents over the last week to $1.993 a gallon, the  highest pump price ever in October, while diesel fuel set a  record for the third straight week, the U.S. government said on  Tuesday.
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The average price of a gallon of gasoline in the United States rose slightly over the past three weeks and could push higher because much of a rise in crude oil has not been passed on to consumers, an industry analyst said on Sunday.
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U.S. producer prices rose a  steeper-than-expected 0.5 percent last month as food prices  jumped, the government said on Tuesday, leading markets to  boost bets for another interest rate hike from the Federal  Reserve.
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US prices saw their biggest rise in two years in November, boosted by energy prices, official figures show.
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Prices paid to US producers rose 1.7 percent last month, the biggest jump in 14 years, as higher energy and food costs suggested that inflation is picking up with economic demand.
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Soaring energy costs and a surge in food prices contributed to a 1.7 percent rise in United States producer prices in October, the Labor Department reported today, the biggest gain in almost 15 years.
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Higher crude prices raise gasoline costs, increasing inflation, and lowering crude prices.
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Rising energy prices pushed wholesale prices up in May, but the measure of core producer prices registered a small increase, suggesting that high gasoline prices are not affecting the cost of other goods.
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US consumers paid more at the pump as the average national price for gasoline rose 0.9 cent per gallon during the past week to $1.
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U.S. retail gasoline prices soared past $3 a gallon for the first time in four weeks, following a steep rise in crude oil costs, the government said on Tuesday.
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Gasoline prices extended their climb yesterday, rising a cent overnight while oil and gas futures rose on concerns about gasoline production.
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Producer prices surged at a 34-year high rate of 3.2 percent in November on a record rise in gasoline prices, the Labor Department said on Thursday.