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U.S. producer prices soar 10.8% in May as energy costs spike

WASHINGTON (AP) – U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that...

U.S. inflation hit a new 40-year high last month of 8.6% 

WASHINGTON (AP) – The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American...

Gas prices in R.I., Mass. soar to near $5 per gallon

PROVIDENCE – The average price of self-serve, regular unleaded gasoline has reached a record high near $5 per gallon in both Rhode Island and...

U.S. inflation hit 8.3% last month but slows from 40-year high

WASHINGTON (AP) – Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still...

R.I., Mass. gas prices surge to record highs

PROVIDENCE – The average price of self-serve, regular unleaded gasoline surged to record highs in both Rhode Island and Massachusetts due to rising oil...

Fed raises key rate by a half-point in bid to tame...

WASHINGTON (AP) – The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by...

Key inflation gauge jumped 6.6% in March, most since 1982

WASHINGTON (AP) – An inflation gauge closely tracked by the Federal Reserve jumped 6.6% in March compared with a year ago, the highest 12-month...

Biden tapping oil reserve for 6 months to control gas prices

WASHINGTON (AP) – President Joe Biden on Thursday ordered the release of 1 million barrels of oil per day from the nation's strategic petroleum...

Gas prices fall 2 cents in R.I., Mass.

PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island fell to $4.20 per gallon, 2 cents less than last week...

Gas, sales tax holidays clear Conn. legislature

HARTFORD, Conn. (AP) – Connecticut will temporarily suspend its 25-cent-per-gallon excise tax on gasoline after a bipartisan vote by state lawmakers Wednesday in an...

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