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Gas Prices Have Crept Higher This Summer, a Challenge for the Fed

Now at their highest level in 11 months, they can complicate the Federal Reserve’s campaign to rein in inflation.

United statesSaudi arabiaAakash doshiClay seigleFederal reserveCiti researchStrategic petroleumRapidan energy groupWest texas intermediateRapidan energyNorthern hemisphereNorth americaStrategic petroleum reservePresident bidenOil and gasolineOrganization of the petroleum exporting countries

Gas-price rise is inflation callenge for the Fed

“Energy prices being higher is a significant thing,” says Fed chair Jerome Powell.

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Fed Leaves Rates Unchanged - The New York Times

Central bankers held rates steady at 5.25 to 5.5 percent, and forecast that they could still make a final quarter-point rate move this year.

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International Business: World struggling to make enough diesel

International Business: World struggling to make enough diesel
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United statesSaudi arabiaCity ofUnited kingdomToril bosoniEugene lindellClay seigleCallum bruceGoldman sachs group incRapidan energy groupInternational energy agencyGoldman sachs groupRapidan energy

The world is struggling to make enough diesel

Soaring diesel prices may also push refineries to prioritise the fuel at the expense of making gasoline.

City ofUnited kingdomSaudi arabiaUnited statesCallum bruceClay seigleToril bosoniEugene lindellRapidan energy groupGoldman sachs groupInternational energy agencyGoldman sachsRapidan energy

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