Latest Business News: Oil Down Slightly; Gasoline Highest Since June 10

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Latest Business News: Oil Down Slightly; Gasoline Highest Since June 10

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Latest Business News: Oil Down Slightly; Gasoline Highest Since June 10

by Wochit 0:43 mins

Latest Business News: Oil Down Slightly; Gasoline Highest Since June 10

by Wochit 0:43 mins

Gasoline rose to the highest price in five weeks, as the recent spike in oil continues to filter down to the consumer level. Consumer prices rose more than expected in June as gasoline prices jumped, but underlying inflation pressure remains benign against the backdrop of lukewarm domestic demand. G20 summits don't always set the pulse racing but this week's gathering of finance ministers and central bankers in Moscow has a better chance than most of grabbing the attention of financial markets.

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