BUSINESSWDIV CLICKONDETROIT
Gas, groceries and back-to-school items are where shoppers might see higher oil prices surface
Oil prices surpassed $100 a barrel amid renewed Middle East conflicts, likely increasing costs for gasoline, groceries, and school supplies. Higher fuel expenses and supply chain disruptions are straining consumers, with gasoline prices averaging $4.09 per gallon and food costs rising due to transportation and refrigeration demands.
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Adjacent reporting
- Oil tops $90 as Middle East fighting escalates
- Fuel Prices Are Slamming Consumers Even as Crude Crisis Fades
- US Gasoline Prices Surpass $4 a Gallon for First Time in a Month
- War, Fuel Prices Seen Steering Travel Industry Toward M&A
- Gas costs 50% more than it did before the Iran war
- Higher prices for gas, groceries and flights will likely outlast the Iran war