It’s getting rough out there – in the supermarket and at the gas station. I picked up a rotisserie chicken on my way home last night, one of the pre-cooked, refrigerated, ones. A year ago, it was on sale for $3.98. It was on “sale” last night for $5.98. Same bird. Same size. 50% pricier. And, noted by the front page of the local paper, gas went up overnight. They said it’s a dime higher. The stations I pass on my way to work were up 15 cents. That’s bad news, any way you look at it.
Oil Near $100 After Record Close
Oil prices held near $100 a barrel Thursday after hitting a record overnight as investors poured more cash into crude and other commodities as a hedge against inflation. Oil futures on Wednesday pushed briefly past $101 a barrel after the U.S. Federal Reserve lowered its forecast for [...]
The U.S. faces an unwelcome combination of looming recession and persistent inflation that is reviving angst about stagflation, a condition not seen since the 1970s. Inflation is rising. Yesterday the Labor Department said [...]
Tags: Economy, Gas Prices, Grocery Prices
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