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Gas prices are falling, hitting their lowest level in almost a year

Gas prices are falling, hitting their lowest level in almost a year
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United statesCarola binderHaverford collegeStrategic petroleumUniversity of michiganFederal reserveStrategic petroleum reserve

Gas prices are falling fast, helping tame inflation

The national average for unleaded gas was $3.14 a gallon on Dec. 12, according to AAA. That’s 23 cents less than it was a month ago and the lowest it has been in nearly a year.

United statesNew yorkTom klozaCarola binderHaverford collegeOil price information serviceStrategic petroleumUniversity of michiganNew york timesConsumer price indexOil price informationNorthern hemisphereStrategic petroleum reserve

Spring 2024 Adult Announcements: Business & Economics

Spring 2024 Adult Announcements: Business & Economics
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Is it bad that inflation hasn t gone down for a bit?

The CPI for September put inflation at 3.7%, which is where it was in August. But some economists think we've just got to wait it out.

United statesNew yorkSean snaithCarola binder at haverford collegeYork fed survey of consumer expectationsUniversity of central floridaFederal reserveConsumer price indexNew york fedConsumer expectationsMark zandiCarola binder

Consumers expect inflation to tick down to 2 8% in the next 3 years

While that's good news for the Federal Reserve, it's still higher than the Fed's inflation target of 2%. Why is that?

New yorkUnited statesFrancesco dacuntoCarola binderFederal reserveHaverford collegeNew york fedOmair sharifFrancescod acunto

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