Gasoline's Grip on US Wallets: A Price Too High? The Labor Department's upcoming report on August consumer prices is expected to reveal another chapter in America's inflationary woes.
This time, gasoline takes center stage as a likely contributor to the overall uptick in prices.
With oil prices hovering above $100 a barrel and the ongoing energy shock from Russia's invasion of Ukraine entering its seventh month, economists predict a 0. 4% increase in the Consumer Price Index (CPI) for August.