Federal Reserve Board Chairman Jerome Powell. (Photo by Samuel Corum/Getty Images) Getty Images The Federal Reserve has raised interest rates another 50 basis points, in an attempt to tamp down inflat...
Tag: price gouging
Here Are The Companies That Have Profited The Most During Inflation
Getty Images When it comes to inflation, there’s no shortage of blame to go around. First, the pandemic broke the global supply chain. Then stimulus payments set off a frenzy of consumer spending at...
Biden To Oil Industry: “I Don’t Understand Economics”
American comic, film actor and activist, Irwin Corey, performs on stage at Lulu White’s jazz club, … [+] Boston, USA, 29th August 1978. (Photo by Barbara Alper/Getty Images) Getty Images I...
The Parable Of The Chicken Farmer And The Oilman
Farmer on poultry farm getty People who should know better are still deflecting the blame for high oil prices onto the oil companies. There is still a widespread misunderstanding of how oil and gas ar...
ExxonMobil Does Not Control Oil Or Gasoline Prices
FILE – The logo for ExxonMobil appears above a trading post on the floor of the New York Stock … [+] Exchange, Oct. 8, 2019. ExxonMobil is restructuring its business into three divisions a...
“Exxon Made More Money Than God” — But Far Less Than Apple
US President Joe Biden speak about the economy and inflation from the deck of the USS Iowa at the … [+] Port of Los Angeles on June 10, 2022. – US inflation surged to a new four-decade hig...
U.S. didn’t get any relief from high inflation in May – CPI to show another big gain
Wall Street is looking for a sign, any sign, that U.S. inflation is coming off a rapid boil. But they are unlikely to find much cooling off in May’s report on consumer prices. The consumer price index...
U.S. inflation rate slows to 6.3%, Fed-favored PCE gauge shows, in a sign that price pressures could be peaking
The numbers: A key measure of U.S. inflation rose just 0.2% in April to mark the smallest increase in a year and a half, aided by lower gasoline prices. There were additional hints that a surge in U.S...
Why U.S. consumers suspect gas price gouging — and how much stations actually profit from a gallon of the fuel
Oil company executives will be on the hot seat Wednesday at a House subcommittee hearing as U.S. consumers across the country allege gasoline price gouging at the pump, where drivers last month paid r...
Are You Being Gouged At The Pump?
MARSHFIELD, MA – March 14: A Mobile station displays $4.69 for gasoline as a Gulf next door has it … [+] for $3.99 a gallon on March 14, 2022 in Marshfield, Massachusetts. (Photo by Matt S...