Only low-wage workers seeing pay rise faster than rate of inflation
Worst jobs report in Biden’s presidency as surveys produce conflicting results between employers, workers
High prices may finally be catching up with consumers, though the Omicron variant could be a significant game changer.
But while commodity prices are plummeting, it may take a bit for consumers to notice because of supply chain issues.
Business owners worry rising prices will keep them from fully recovering from the Covid-19 pandemic.
But it doesn’t have all that much to do with White House actions on the Strategic Petroleum Reserve.
The average retail price of gasoline is stuck at around $3.40 per gallon and several factors help explain why.
Federal estimates for the price at the pump were revised higher in a monthly energy market forecast.
The White House has been pressuring the production group to open the spigot to bring prices lower, but it was rebuffed again.