Archive for May 16, 2008

Higher gas prices ahead as crude nears $128

Oil jumps after Goldman Sachs predicts it will average $140 for the second half of 2008. Traders bet that Chinese demand for diesel will push prices higher. Energy stocks shoot higher and help the markets end flat.

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Is inflation index out of touch?

The government's Consumer Price Index is up only 4% over the last year -- but for most Americans, the pinch feels much worse. Here's why.

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