Finland announces Russia will cut off gas delivery on Saturday. “On the afternoon of Friday May 20, Gazprom Export informed Gasum that natural gas supplies to Finland under Gasum’s supply…

Plane ticket prices are up 45% from a year ago and up 8% just from March. Demand is rising, but so are oil prices, which are the second biggest expense…

Oil futures dropped Wednesday, heading lower despite  an unexpected reduction in U.S. crude inventories and a sharp fall in gasoline supply. The Energy Information Administration said U.S. crude inventories fell…

Gas prices rose to a national average of $4.589 per gallon – with JPMorgan saying it could pass $6 by the end of the summer. ‘There is a real risk…

Sri Lanka has officially defaulted on its debt payments: The grace period for Sri Lanka to avoid defaulting on its foreign debt expired on Wednesday, as the government scrambled for…

The Russell 3000 Index Trucking Subsector (RGUSPTK) has dropped over 10%. Meanwhile,  the S&P 500 Trucking Index (SP500-20304020) down ~11% and the Nasdaq Combined Transportation Index (TRAN) down over 5%.…

Households are now spending an estimated $5,000 a year on gasoline: U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago,…

They are pessimistic about the future, but they do not expect the recession to last long: The Conference Board measure of CEO sentiment showed that 57% of respondents expect inflation…

  Experts say there will be no relief from high gas prices in the near future, with prices likely to rise from $4.50 to $5.00 a gallon in the near…