“It is unacceptable that certain companies and industries are engaged in extreme price hikes under the cover of inflation,” said Rep. Raja Krishnamoorthi. A report released Friday by a panel of the U.S. House Committee on Oversight and Reform highlighted how “certain corporations are using the cover of inflation to raise prices excessively, resulting in record […]
ANCHORAGE – Yesterday, Senator Bill Wielechowski, D-Anchorage, and Senator Scott Kawasaki, D-Fairbanks, wrote to Alaska Attorney General Treg Taylor urging the Department of Law to investigate Alaska’s excessively high fuel prices and determine if Alaskans are experiencing price gouging. According to AAA, Alaska consumer prices for motor fuel have risen 42.4 cents on average in […]
WASHINGTON — The U.S. is considering a series of steps to prevent global oil prices from rising following a decision by oil exporting and producing countries to slash production despite intensive lobbying by the Biden administration. The grouping known as OPEC+, which includes members of OPEC and allies, including Russia, said earlier this week it would […]
WASHINGTON — U.S. consumer price increases eased in August compared to a year ago, the government said Tuesday, but the drop was modest and may not be noticed much by financially squeezed American households. The inflation rate was up at an annualized 8.3% rate in August, the Bureau of Labor Statistics reported. The figure was down […]