Reply This is going to be an expensive summer for motorists, said Lloyd Albert, a spokesperson for AAA Northeast. (Shutterstock)
PROVIDENCE, RI As Memorial Day weekend approaches and gas shortages are reported in parts of the country, prices continue their weekly climb in Rhode Island.
The average price for a gallon of regular, unleaded gas went up 5 cents over the past week, following another 5-cent rise the week before. That brings that average price per gallon to $2.93.
The current average price per gallon is 17 cents higher than this time last month, and 99 cents higher than this time last year. Although gas prices saw a major drop-off last year due to the coronavirus pandemic, these are the highest prices reported since 2014, according to AAA Northeast.
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Copper Prices Surge, Have All-Time Highs in Sight
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Copper Price Outlook:
Are higher sovereign bond yields a warning sign of inflation or a welcoming sign of reflation? Narrative aside, copper prices have been surging.
US Dollar weakness relative to Latam FX, in particular, the Chilean Peso, suggests tailwinds remain strong for copper prices (Chile accounts for more than 50% of global copper production).
Long-term, a multi-year trendline break suggests that a bullish view is appropriate for copper prices.
Copper Prices Hit Another Yearly High
Are higher sovereign bond yields a warning sign of inflation or a welcoming sign of reflation? Narrative aside, copper prices have been surging on the back of improving global growth expectations and liquidity conditions. In recent days, Federal Reserve Chair Jerome Powell has resolutely confirmed the FOMC’s intent on continuing QE and low interest rates for the foreseeable future, reassuringly saying that any downshift in m
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