Prices on Goods

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⛽️ Diesel desperation

Data: AAA. Chart: Ben Geman/Axios The global diesel market is getting even dicier amid the Iran and Russia-Ukraine wars, Axios' Ben Geman writes. Diesel prices ripple through global economies, affecting shipping costs, construction and much more. 🤑 The average U.S. price is up 44 cents over the last month to $5.32 per gallon as of yesterday, per AAA. That's compared to $3.71 a year ago. The all-time high: $5.82, in June 2022. 📉 A new S&P Global Energy analysis estimates that global refineries processed 7.5 million fewer barrels of crude oil daily last month than during the same period in 2025. A separate International Energy Agency report also shows a steep drop in crude processing. 🛢️ The U.S. has been exporting growing amounts of diesel to the thirsty global market, but S&P says domestic refineries are running at 96% capacity — leaving little room to boost production. Mizuho Securities analyst Robert Yawger said in a note: "The situation is not going away anytime soon, and could very well get more expensive." Go deeper.

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Wholesale price inflation slows last month as gas, food costs fall

WASHINGTON (AP) — Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead.

https://apnews.com/article/pipeline-inflation-prices-inflation-tariffs-f9bf278f4550a956b1f350722817371d?

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Walmart promises price cuts

Walmart told investors Thursday it will use the $2.9 billion it received in tariff refunds for “price investments,” or price cuts aimed at encouraging consumers to spend more. The announcement comes after the retailer posted its slowest US store sales growth since the early months of the Covid-19 pandemic. Other major retailers are also receiving sizable refunds, including Target, TJX, Home Depot and Lowe’s. The payments follow the Supreme Court’s February ruling that President Trump’s sweeping tariffs were illegal and that the $168 billion collected from 330,000 importers would need to be returned.

+ Read more: Walmart promises price cuts after $2.9 billion tariff refund

+ Plus: Americans are being choosy about where they spend their money   ps:Funny they would claim that! They've actually been saying that for a few months now, and there prices have been coming down here and there! You'll see the prices going up week after week and than they'll say a few weeks later prices are being rolled back, but when you look at the price it's not even half lower than what it was 2/3 weeks before, but at the same time prices of other items have still gone up little by little!!!!! I'll be watching this in the coming weeks!!!!!

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Trump promises cheaper beef

Illustration: Sarah Grillo/Axios President Trump said today that he would temporarily increase tariff-free beef imports and that he had secured a commitment to sell the meat at 25% below current market prices, Axios' Nathan Bomey reports. A global cattle shortage has driven up the cost for red meat, making burgers and steaks more expensive. 🤳 Trump said on Truth Social that he had "concluded a deal to substantially lower the price of ground beef for working American families." He added, "We have a commitment that this beef will be sold at 25 percent below current market prices." "As we work to rebuild this herd and help our ranchers, for the next 90 days, the United States will allow up to 300,000 metric tons of product for ground beef to be imported with no out of quota tariff." 🤔 Reality check: Trump didn't specify who made the commitment to sell the beef at a lower price. A White House official said the commitment came from foreign beef exporters, and that the 25% discount would be passed along to U.S. consumers. Go deeper. ps:So what's different this time? He's already said this before and it wasn't true than!!!!!