LOS ANGELES (KABC) — Angelenos have experienced a record rise in gas prices over the last month, and on Friday, gas hit well over $6 per gallon in at least one local station.
A Mobil station near the Beverly Center, just east of Beverly Hills, was advertising regular unleaded at $6.19 a gallon on Friday.
That’s well above the average for the county, which rose by 2.6 cents to $4.848 per gallon.
abc7.com/gas-prices-over-6-dollars/11599980/
WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.
The figure reported Friday by the Commerce Department was the largest year-over-year rise since 1982. Excluding volatile food and energy prices, core inflation increased 5.2% in January from a year earlier.
apnews.com/article/russia-ukraine-business-europe-prices-inflation-e44ad9b2088aa352015868a4f6b17785