 |
| |
| |
| Good morning from a very, very happy Yankees fan named Elisabeth Buchwald. I had the great pleasure of watching the Yankees win the ALDS in person. Fun fact, as I write this I'm listening to "New York, New York". |
| Now back to business with today's edition of The Daily Money. |
| Inflation has turned into a give-and-take game. And this winter, any gas savings Americans have seen over the last few months will likely vanish since energy costs are expected to be even higher than last year. |
| Nearly half of U.S. households rely primarily on natural gas for heating, and they are forecast to spend about $930 this winter, 28% more than they spent last winter, the Energy Information Administration said. |
| And location very much matters. Midwest natural gas users should expect to pay 32.9% more than last year, according to EIA. The South should expect to pay 23.9% more, the West 29.3%, and Northeast 22.7%. |
Will gas get gassed up? |
| And speaking of gas... |
| Oil production is decreasing as a result of the OPEC+ decision last week. While the U.S. is still the top producer of oil, Saudi Arabia and OPEC-friendly Russia, produced more than the U.S. combined in 2021. The OPEC+ move to cut oil production by 2 million barrels a day will boost Russia's oil revenue, helping Russian President Vladimir Putin continue to wage his war in Ukraine. |
| But that doesn't necessarily guarantee gas prices Americans pay at the pump are going to go up. That's because demand could fall as the economy inches closer to a recession with the Federal Reserve poised to raise interest rates by another 75 basis points next month. |
📰 More stories you shouldn't miss 📰 |
| Airline news: Spirit Airlines shareholders approve proposal to merge with JetBlue |
| Netflix account crackdown: Sharing your password? It will cost you starting in 2023 |
| Rolls-Royce goes electric: See the roughly $400,000 car |
🍔 Today's Menu 🍔 |
| Pawpaw. |
| At first, I thought that was some kind of new stuffed animal brand. But it's actually a tropical fruit found in North America that's a crossover between a banana and a mango. |
| You won't find the fruit, also known as the "Michigan banana", in your local grocery store. But if you're interested in trying it, Nature Hills, an online seller of plants that bills itself as "America's largest online plant nursery," has fruit available for purchase online. |
About The Daily Money |
| Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
| Elisabeth Buchwald is a personal finance and markets correspondent for USA TODAY. You can follow her on Twitter @BuchElisabeth. |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
No comments:
Post a Comment