Fuel prices roll back after 2 weeks of hikes
It’s welcome news after motorists suffered through a rough August with pump prices swinging sharply due to the continuing conflict in the Middle East
It’s welcome news after motorists suffered through a rough August with pump prices swinging sharply due to the continuing conflict in the Middle East
Despite last week’s price cuts, diesel and gasoline are again under pressure from Middle East tensions, tight fuel supply and a weaker peso
The ongoing conflict is severely impacting Iran’s economy and oil exports, while also affecting Gulf Arab states and contributing to rising fuel prices in the US
The rollback gives motorists another week of relief after steep July increases, though prices remain elevated compared with levels prior to the US and Israel war on Iran
Our inflation problem has not ended, it has merely paused.