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Consumer inflation posts largest increase in three years in May
U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products.
Gas tax in MD to increase slightly on July 1
Maryland motorists will face an increase in the state gas tax rate starting next month, though they may not notice the change.
Inflation posts largest annual increase in three years in April
U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices due to the Iran war.
Consumer prices see biggest annual rise in almost three years as prices increase broadly
U.S. consumer prices rose at a brisk clip for a second straight month in April, resulting in the largest annual increase in inflation in nearly three years.
Restaurant sales drop as Iran war pushes gas prices higher
Several restaurant chains including Wingstop and Domino's reported weaker-than-expected sales growth in the latest quarter caused by soaring gasoline prices.
Annual inflation posts biggest gain in nearly three years in March
Inflation accelerated in March with the personal consumption expenditures price index rising 0.7%, the largest gain since June 2022, driven by higher gasoline prices.
Record surge in gas prices fuels consumer inflation in March
U.S. consumer prices increased by the most in nearly four years in March as the war with Iran boosted oil prices and the pass-through from tariffs persisted.
Gas prices hit $4 a gallon as Iran war wreaks havoc on global energy supply
U.S. average gasoline prices rose above $4 a gallon for the first time in more than three years, capping the sharpest monthly rise in decades.
MD, states sue Trump administration over EPA fuel rule rollback
Maryland and other states are suing President Donald Trump's administration over his plans to slash federal car emission and fuel economy standards.
Republicans propose gas tax holiday as prices at the pump soar
Maryland Republicans proposed a 30-day gas tax holiday to provide relief amid rising prices caused by the war in Iran, pending the governor's approval.
Drivers face long-term pain at pump as gas prices soar, analysts say
Traders and industry analysts see signs that pump prices will stay painfully high long after any diplomatic breakthrough in the Iran conflict.
Shipping waiver, stockpile release will not ease gas prices, analysts say
A potential waiver to U.S. shipping restrictions and a record release of oil stockpiles by world governments might slow gas price increases but won't end them, analysts said.
