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Economy

Record diesel prices, tight supplies could be next blow to the US economy

New York CNN Business — Diesel prices are soaring to record levels, and record low inventories of the fuel in parts of the United States are sparking fears of worse to come. Even if you’ve never bought a gallon of diesel in your life, as is the case for most US drivers, high diesel prices […]

Categories
Economy

Gas prices jump to fresh record highs

New York CNN Business — In another blow to the US economy, prices at the pump soared to fresh record highs. The national average price for regular gasoline climbed more than four cents on Tuesday to $4.37 a gallon, according to AAA. That takes out the previous record of $4.33 set on March 11. The […]

Categories
Economy

Opinion: The housing market is about to finally cool off

Editor’s Note: Jeff Tucker is a senior economist on the economic research team at Zillow. The opinions expressed in this commentary are his own. After 14 straight months of year-over-year home price growth reaching into the double digits, we’re finally starting to see the early signs of a cooling housing market. Don’t worry. A crash […]