Latest news with #gasPrices
Fox News
08-07-2025
- Business
- Fox News
It's A 'Hot Trump Summer'
The President has been on a hot streak since he took office– with Iranian strikes, a Gaza ceasefire, Alligator Alcatraz, trade deals, low gas and egg prices, and more jobs. Now, he's kicking off America's 250th year with the passage of his 'Big Beautiful Bill.' Learn more about your ad choices. Visit
Fast Company
02-07-2025
- Automotive
- Fast Company
Here's what's more—and less—expensive this year for Fourth of July: Cookouts, fireworks, gas prices
Amid tariffs, inflation, and the rising cost of living in the United States, it's no surprise that this Fourth of July could be pricier than in years past. But not all items are more expensive. From gas prices and fireworks to your weekend cookout, here's a breakdown of how much certain things will cost this holiday. July 4 gas prices are down First, the good news: Filling up your car before hitting the road this Fourth of July weekend won't break the bank. A record 61.6 million people are expected to travel by car—more than ever before— according to the American Automobile Association. AAA forecasts a 2.2% increase in travel compared with 2024, making it the highest number on record. Fortunately, gas prices are down from $3.49 per gallon last year, to an estimated nationwide average of between $3.10 and $3.15 per gallon this year, according to GasBuddy, as reported by CNN. That would make gasoline the cheapest it's been for July 4 since at least 2021. July 4 firework prices skyrocket Now, the bad news. Most fireworks—which historians believe were developed in the second century B.C. in ancient Liuyang —are imported into the U.S. from China: 99% of consumer fireworks and 90% of professional display fireworks, to be exact, according to the American Pyrotechnics Association (APA). And they are going to be a lot more expensive this year, due to the Trump administration's ongoing tariff war with Beijing, which currently slaps a 30% tax on all Chinese imports. The tariffs could result in fewer and pricier fireworks on the shelves and at shows this holiday, according to CBS News. It could even affect America's 250th anniversary celebrations next summer, per the APA. 'The timing of the tariffs couldn't have hit at a worse time. The majority of U.S. importers told China, 'Do not ship our product; we can't afford to pay,'' APA executive director Julie Heckman told CBS News. 'It's creating a supply-chain problem.' How much will your July 4 cookout cost this year? Before firing up the grill, you might want to take note of how much your barbecue is going to cost. According to the American Farm Bureau Federation (AFBF), the average price of a Fourth of July picnic for 10 will cost $70.92, down slightly from $71.22. That makes it the second-most expensive Independence Day for food since 2013, when the organization first started tracking costs. The AFBF's survey offers a snapshot of prices families are facing this summer, for cookout favorites including cheeseburgers, chicken breasts, pork chops, potato salad, strawberries, and ice cream. You can blame it on inflation and supply issues: 'Inflation and lower availability of some food items continue to keep prices stubbornly high for America's families,' AFBF associate economist Samantha Ayoub said.
CBS News
01-07-2025
- Automotive
- CBS News
Colorado drivers expected to take advantage of lower gas prices this holiday weekend
The very busy Fourth of July holiday is approaching, and 72 million Americans are expected to drive across the United States, including here in Colorado, where people typically head to the mountains. Regional Director of Public Affairs for AAA, Skyler McKinley, says getting gas now will be cheaper for your wallet than waiting for the weekend. Tuesday is the best time, as millions of people will be planning to fill up on Wednesday. This gives drivers a money-saving option, and there won't be as much traffic at the pump. AAA says across the state, gas prices average $3.20/gallon. This is better than this time last year, when the average price was $3.34/gallon. AAA says never wait until the last minute or your car is close to empty to get gas. CBS Most of their calls are from stranded drivers who run out of gas. It's recommended to fill up your tank when you hit half. Anything less than that will put wear and tear on your vehicle, especially the engine. Places like Costco and Sam's Club offer good gas perks, but for everyone else, it's recommended to go to the gas station closest to your home. "Generally speaking, you are going to get the best deals on service stations that are tucked into a neighborhood. If you have a service station that is by your house that is not next to a major highway or a major thoroughfare, genuinely, they are going to be priced appropriately. Remember, gas is a very low margin game," said McKinley. Remember to check your tires and batteries before any big road trip. You don't want to cause more traffic by breaking down in the middle of a highway. CBS As you hit the road, don't forget the express lane basics. Cross the line, pay the fine. Pay attention to roadway signage warning of upcoming entrances and exits.
Bloomberg
05-06-2025
- Business
- Bloomberg
European Power Markets Brace for Extreme Heat Over the Summer
A cool, wet start to June in Northern Europe is set to give way to a summer of extreme weather, roiling energy markets that have become increasingly dependent on solar and wind power. High-pressure systems are forecast to return later this month, bringing the risk of heat waves this summer following an unusually dry and sunny spring. That will drive up power demand for cooling, though the impact on gas prices will also depend on surging solar generation and nuclear output levels in France.
CTV News
21-05-2025
- Business
- CTV News
‘Not so great': Inflation cools, but grocery costs remain high
Cost of living is not rising in Canada and Alberta as quickly as last month, but a closer look at the cooling inflation rate isn't as promising. Canada's inflation rate is 1.7 per cent, down from 2.3 per cent, and Alberta's is 1.5 per cent, down from two per cent. The drop in gas prices is what's tapping the brakes on inflation. Delivering packages in and around Calgary means Flash Express Courier spends a lot of money fuelling up vehicles. 'If not every day, definitely every day and a half, especially a van like this. It's about $90 to fill,' said Drilon Beqa, owner of Flash Express Courier. Removing the consumer carbon tax saves him a lot and lowers the fuel rate he charges his customers. 'Last year, we were paying, what was it? $1.70? $1.60? So when gas prices are at this rate, especially last month, $1.15, (it) makes everyone happier,' he said. Gas prices fell 18.1 per cent year-over-year, thanks mostly to the federal government striking the tax at the start of the month. Natural gas prices also fell 14.1 per cent annually in the month, but prices rose in other areas. 'At first glance it looked like a really great inflation report, but if you look closer … not so great,' said Mark Parsons, ATB Financial vice-president and chief economist. 'When you take out energy … inflation was up nearly three per cent.' Calgarians buying groceries say they're still feeling the pinch. 'It still seems as expensive as normal,' said Martin Hammond. 'Everywhere I shop, things are going up,' said Judy Johnson. '(It) just feels like everything is still expensive—fruits, vegetables, meat,' said Melanie Martenz. Food prices increased slightly from last month and continue to outpace overall inflation. 'Some things go up more, so pay attention,' said Mike von Massow, University of Guelph food economist. Beef and coffee prices spiked. Aluminum tariffs are expected to soon increase the cost of canned goods. 'One way to buffer yourselves to these cost increases is to take a look at what's on special, what's seasonal,' said von Massow. The Bank of Canada will weigh the latest inflation report and the economic slowdown due to tariff uncertainty when deciding whether or not to lower interest rates again on June 4. 'Our view is that the Bank of Canada is going to cut its key policy rate from 2.75 per cent today to about two per cent by the end of the year. The timing of that is less certain,' said Parsons. ATB thinks the Bank of Canada might hold rates on June 4, but lower them later in the year.
