Inflation remained stubbornly high in August — and economists said consumers are likely to continue to feel the financial pain in coming months as tensions flare in the Middle East, driving up gasoline and other energy costs.
The oil supply shock has raised prices for gasoline, diesel, jet fuel and other fuels refined from crude oil.
Gasoline prices were up nearly 4% in the month of August and more than 27% from August 2025, according to last week’s CPI report.
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