As other parts of the economy are roiled by crisis, gas prices are holding steady. The national average price for gasoline fell four cents to $3.43 per gallon last week, according to AAA's weekly survey.
That is four cents higher than a month ago but 80 cents less than a year ago. In the meantime, demand for gasoline is surging.
“We may be seeing a return to seasonal trends in demand with warmer weather and longer days,” said Andrew Gross, AAA spokesperson, in a press release.“But waffling oil prices could mitigate any increase at the pump for now.”
New data from the Energy Information Administration (EIA) showed that gas demand jumped from 8.59 million to 8.96 million barrels per day last week. The surge in demand drew down U.S. gasoline stocks by 6.4 million barrels.
In most cases, higher demand from drivers would push up the price of gasoline, but lower oil prices have helped keep prices down.
Alaska Airlines is buying Hawaiian Airlines, stocks finished at their highest level on Friday and are on the way to concluding 2023 on a positive note as Bitcoin surged. And Spotify is laying off workers, again.
United Airlines has introduced a new self-serve snack bar on its flights allowing economy passengers to help themselves to free snacks instead of relying on a flight attendant to get them.
You might want to rethink your plan to get a big tax refund. Tax expert Karla Dennis explains.
More retailers are enacting the Keep It policies when it comes to item returns.
Alaska Airlines is planning to buy Hawaiian Airlines for $1.9 billion.
Spotify cut nearly one-fifth of its workforce, or about 1500 staffers, representing the third round of layoffs this year.
After rallying for five straight weeks, stocks fell after the opening bell on Monday as investors await labor market data later in the week.
It's the beginning of the great wealth transfer, according to UBS.
Fed Chair Jerome Powell said higher rates are here to stay for now.
Jenna Helwig, food director at 'Real Simple,' joined Cheddar News to provide tips on how to save on purchasing kitchen gadgets ahead of the holiday season and which essentials are needed when cooking.
