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Energy Prices

All articles tagged with #energy prices

business23 hours ago

Wholesale prices cling to gains in November, signaling persistent inflation

US wholesale inflation rose 0.2% in November, lifting the year-over-year Producer Price Index to about 3%. Energy costs helped push prices higher, while core PPI was flat for the month, keeping the 12‑month core rate near 3%. The report also showed margins in trade services slipping, suggesting higher costs are being absorbed rather than fully passed to consumers. Tariffs on imports are cited as a cost driver amid a softer labor market and slower wage growth, with some firms cutting prices to support affordability.

via CNN|
#business#energy-prices#inflation
world11 days ago

U.S. and Maduro's Venezuela Strategies Signal Ongoing Tensions in Oil Markets

The potential overthrow of Venezuelan President Maduro is unlikely to significantly impact global energy markets in the short term due to existing oversupply and weak demand, despite geopolitical tensions and Venezuela's vast oil reserves. Analysts suggest that while some disruption is possible, it won't cause a major price surge, and future developments could even lead to increased oil production if sanctions are lifted and foreign investment resumes.

via CNBC|
#energy-prices#maduro#oil-market
politics3 months ago

Fact Check: Trump's Recent Economy Claims

The article fact-checks President Trump's recent claims about the U.S. economy, finding that while some aspects like gasoline prices and mortgage rates have improved, others such as energy costs, grocery prices, and inflation are not as favorable as claimed. Overall, economic indicators show mixed results, with some metrics improving and others remaining problematic, contradicting the president's optimistic assertions.

via CBS News|
#economy#energy-prices#grocery-prices
business4 months ago

AI and Data Centers Drive Up Electricity Bills, Prompting Solar Power Solutions

Electricity bills in Chicago are rising partly due to increased demand from data centers supporting AI services, with prices expected to continue climbing as data center growth accelerates and utilities explore new rate structures to manage the demand. The surge in AI-related data processing requires significant power, contributing to higher costs for consumers and impacting the regional energy market.

via Block Club Chicago|
#ai-demand#business#chicago
politics4 months ago

Trump Criticizes Renewable Energy Initiatives Amid Industry Declines

President Donald Trump falsely claimed that windmills in New Jersey are responsible for rising energy prices, but the state's offshore wind projects have not been built and wind energy contributes minimally to its electricity supply. The increase in energy costs is due to other factors, and recent developments include canceled wind projects and increased energy bills amid a hot summer.

via NJ.com|
#donald-trump#energy-prices#new-jersey