U.S. gasoline prices near seasonal record highs pose new threat to inflation
- Th08 23, 2023, at 2:42 pm
U.S. gasoline prices were close to a seasonal record high, which could offset the Federal Reserve's progress in curbing inflation. Regular gasoline is currently averaging $3.854 a gallon. While that was less than 5 cents lower than a year earlier, it was still the second-highest seasonal level since 2008, according to American Automobile Association.
