Economists misjudged how much staying power inflation would have. Next year could be better — but there’s ample room for humility.
Tag: Prices (Fares, Fees and Rates)
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NYC Subway Fare Could Reach Over $3 As Officials Battle Pandemic Losses
Raising the transit system’s base fare twice by 2025 is among the options being considered as officials try to stave off a budget disaster.
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Oil Prices Drop, Despite Heightened Sanctions on Russian Crude
The price of oil fell by about 10 percent this week, easing (for now) supply worries about the E.U. embargo and a price cap.
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Qatar Extends Its Natural Gas Dominance at Russia’s Expense
As its influence grows, the country is poised to become a big energy supplier to Europe, which has turned away from Russia after its invasion of Ukraine.
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U.S. Gas Prices Are Now Lower Than a Year Ago
A visible symbol of inflation for much of the year, prices at the pump have been driven down by reduced global demand and tumbling oil prices.