Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually

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Cypress

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Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually​


Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy costs.

www.cnbc.com

Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually

Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy prices.
www.cnbc.com www.cnbc.com
 
Last edited:

Trump Causes Oil Prices to Soar​

Iran escalated strikes on energy sites in neighboring Gulf states, including a key facility in Qatar, as it retaliated for an Israeli attack on South Pars, the world's biggest gas field. Oil and gas prices soared again as the strikes intensified the global energy crisis


www.nbcnews.com

Live updates: Energy prices soar as Trump threatens to blow up Iran gas field and Tehran intensifies Gulf retaliation

Follow NBC News for live updates on the latest about the war with Iran and the energy crisis.
www.nbcnews.com www.nbcnews.com
 
The Trump administration has started to panic about the spiking price of oil.

While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.

Now, as oil prices hover near $100 a barrel just over a week into the war and US gas prices are moving sharply higher, it’s prompted a belated rush to try to reassure investors and seek ways to tamp down the impact. But the administration is confronting the limits of its power — and the reality that President Donald Trump’s decision to wage war abroad threatens to wipe out some of his key economic accomplishments at home.

“It’s hard to see anything but continued upward pressure on prices,” said Neil Atkinson, a longtime energy analyst and former head of the International Energy Agency’s oil industry and markets division. “People will get hurt at the pump.”

 
Cypress said:
The Trump administration has started to panic about the spiking price of oil.

While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.

Now, as oil prices hover near $100 a barrel just over a week into the war and US gas prices are moving sharply higher, it’s prompted a belated rush to try to reassure investors and seek ways to tamp down the impact. But the administration is confronting the limits of its power — and the reality that President Donald Trump’s decision to wage war abroad threatens to wipe out some of his key economic accomplishments at home.

“It’s hard to see anything but continued upward pressure on prices,” said Neil Atkinson, a longtime energy analyst and former head of the International Energy Agency’s oil industry and markets division. “People will get hurt at the pump.”

Click to expand...

Oil Price Today - Live Crude Oil Prices

Current WTI and Brent crude oil prices updated every 5 minutes.
www.oilpriceapi.com www.oilpriceapi.com
Brent Crude is over $108 a barrel today.
 
Cypress said:

Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually​


Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy costs.

www.cnbc.com

Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually

Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy prices.
www.cnbc.com www.cnbc.com
Click to expand...
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Cypress said:
The Trump administration has started to panic about the spiking price of oil.

While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.

Now, as oil prices hover near $100 a barrel just over a week into the war and US gas prices are moving sharply higher, it’s prompted a belated rush to try to reassure investors and seek ways to tamp down the impact. But the administration is confronting the limits of its power — and the reality that President Donald Trump’s decision to wage war abroad threatens to wipe out some of his key economic accomplishments at home.

“It’s hard to see anything but continued upward pressure on prices,” said Neil Atkinson, a longtime energy analyst and former head of the International Energy Agency’s oil industry and markets division. “People will get hurt at the pump.”

Click to expand...
The fact they are so deluded that they didn't see this coming is very sad.
 
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