#gasoline-prices

#gasoline-prices

Bay Area consumer prices rose just 1.5% in June as measured over a one-year period, with nationwide consumer prices rising at a modest 2.7%. Consumer prices in the Bay Area show specific changes; food prices increased by 2.8%, with food consumed at home rising by 3.5%. Prices for meat, poultry, fish, and eggs increased by 6.4%. Gasoline prices decreased by 3.7%, contributing to a subdued inflation rate in the region.

Valero Energy Corp.'s $1.1 billion writedown on its California refineries reflects significant value loss, signaling challenges in maintaining fuel production in the state.

A tragic incident in Nigeria had taken place after a fuel tanker overturned, leading to an explosion that tragically claimed the lives of 70 individuals at Dikko junction.