Commodity Markets

Consumers are suffering from sticker shock at the rising gasoline prices. Gasoline prices typically climb from February to Memorial Day on expectations of rising consumption and costlier summer-blend gas. But so far this year, prices are surging sooner...

WASHINGTON -- A sharp jump in the cost of vegetables led wholesale prices to rise at a seasonally adjusted rate of 0.2% in January compared with the previous month, the biggest increase since the summer, the Labor Department said Wednesday. The Producer...

Governor Sean Parnell's oil tax proposal would have an immediate negative fiscal impact of $900 million next year. That's according to a fiscal not attached to his tax-cut plan, which was introduced in the Legislature on Wednesday. The fiscal note...

The prepared text of Alaska Governor Sean Parnell's State of the State address, presented to the Alaska Legislature Wednesday evening in Juneau: "Mr. President, Mr. Speaker, Lieutenant Governor, former Governor Sheffield, distinguished guests, and...

NEW YORK (AP) — At least gasoline should cost you less in 2013. Hamburger, health care and taxes are all set to take a bigger bite out of the family budget this year. But drivers' annual gas bills are expected to drop for the first time in four...

Gas prices will soon drop to their lowest level of the year. By Monday, the national average should fall below the $3.28 a gallon that drivers paid on Jan. 1, according to analysts. The drop is a gift for those hitting the road during what is expected...

Wholesale prices slipped 0.8% last month for the second straight month as gasoline prices plunged. In its deepest dip since May, the Labor Department’s producer price index fell 0.8% in November after sliding 0.2% in October. The index rose 1.1%...

The average price of a gallon of regular gasoline in the U.S. this year never reached the highs seen in 2008, when the all-time record of $4.114 was reached. The 2012 average never even climbed as high as it was last year, when it hit $3.965, according to...

Many drivers are giving more at the pump than a year ago but they still have reason to be thankful. Prices in many parts of the country have fallen recently, and AAA says gas prices could end the year lower than where they started. The national...

The cost of living actually declined 0.9 percent in June in Broward and Miami-Dade counties, thanks to big drops in energy prices, the U.S. Bureau of Labor Statistics reported Tuesday. Just two months previously, the Consumer Price Index for All Urban...

Alvin Roth earned his 2012 Nobel Prize in economics for market design and matching theory — creating ways to pair "buyers" and "sellers" happily and fairly when price isn't a primary consideration. For instance? Kidney exchanges, in which cost can't...

WASHINGTON (AP) — In the rough-and-tumble of a town hall-style presidential debate, the facts took something of a beating Tuesday night. Mitt Romney wrongly claimed that it took 14 days for President Barack Obama to brand the assault on the U.S....