Business
Americans see gas price relief as costs fall annually in January 2026 CPI data
‘The Big Money Show’ panel reacts to cooler-than-expected inflation data, falling energy prices and growing expectations for multiple Fed rate cuts in 2026.
Americans are getting some relief from lower gasoline prices, which the latest inflation data from the Labor Department shows have declined substantially over the last year.
The Bureau of Labor Statistics on Friday released the consumer price index (CPI) for January, which showed headline inflation was up 2.4% from a year ago, while core CPI, which excludes volatile measurements of food and energy, was up 2.5% in that period.
Energy prices fell 1.5% in January and have been largely flat over the last year, down just 0.1% in that period, with much of the downward pressure coming from falling gas prices.
The index for all types of gasoline showed prices fell 3.2% in the month of January and are down 7.5% in the last year, according to the BLS data.
INFLATION EASED SLIGHTLY IN JANUARY BUT REMAINED WELL ABOVE THE FED’S TARGET
Gas prices have declined over the last year, helping household budgets. (Justin Sullivan/Getty Images)
The U.S. Energy Information Administration and Federal Reserve showed the average price of gas nationwide was $2.90 a gallon as of Feb. 10.
On that date last year, gas was $3.13 a gallon, which represents a decline of about 7.3%, roughly in line with the January CPI data.
The latest CPI inflation data showed relief in other categories of energy as well.
CALIFORNIA ‘TRULY AT A BREAKING POINT,’ STATE SENATOR SAYS AS REFINERIES CLOSE AND GAS PRICES SURGE
Propane, kerosene and firewood costs declined 1.5% on a monthly basis and were down 7.9% from a year ago.
The price of fuel oil fell 5.7% in January and has decreased 4.2% over the last year.
While gas prices and those categories of energy have provided relief to consumers, other types of energy have seen prices surge, undercutting some of that relief.
TRUMP CONSIDERS CAPPING STATE GAS TAX, SIGNALS POSSIBLE RELIEF FOR CALIFORNIANS
Gasoline prices fell in January, according to the latest consumer price index data. (Al Drago/Bloomberg via Getty Images)
Electricity prices were little changed on a monthly basis and fell 0.1% on a monthly basis, but are up 6.3% in the last year.
Utility gas service costs jumped 1% in January and are 9.8% higher than last year, a substantial price hike for households relying on gas to help heat their homes this winter.
Raymond James Chief Economist Eugenio Aleman said in a note that the “picture for February’s CPI will probably be very different than January’s as energy prices are probably going to show positive prints.”
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“However, we don’t expect increases in transportation services prices to remain as strong during the month, and, thus, inflation’s behavior will probably depend on how strong the reversal in energy prices was in February and what happens to shelter prices during the month,” he added.
Patrick Industries EVP Amundson sells $568k in stock
Plenty of good economic news this week, with an outsize gain in jobs, especially private sector jobs. And a much lower-than-expected report on consumer prices.
All this with a stock market hovering near 50,000 amidst booming productivity, low energy prices, and a more than trillion dollar deregulation at EPA. And even a Gallup poll showing a 49-36% rebound in economic confidence.
So you sort of have to wonder why the Wall Street Journal runs an editorial that ‘America is Running out of Patience with Republicans’.
If there ever was a real affordability issue, right now the Trump Economy is crushing it.
The latest reading from the strong January jobs report showed production workers getting an increase in pay and working more hours. What some economists, including myself, call the wage income proxy, which is hourly earnings times hours worked, jumped in January to 5.6% at an annual rate over the past three months.
Meanwhile, today’s CPI inflation report showed a 2.4% rise over the past three months, so that gives you a 3.2% real wage take-home pay number.
Let me do it again: 5.6% on wages and hours worked, against only a 2.4% three-month CPI change.
Trumponomics is delivering.
And the workforce is earning their pay hikes with a tremendous productivity run, and businesses remain very profitable with only a 1.1% increase in unit labor costs.
Technology is booming, demand for power is booming. President Trump is taking the shackles off oil, gas, and coal, so-called baseload energy, by getting rid of the Obama-Biden endangerment finding that was never put into law anyway. So average autos can probably come in somewhere around $2,400 cheaper. Scoring another for the middle class.
Factory construction is booming. It was one of the strongest parts in the January jobs report. And some of that can be directly traced to the President’s tariff-driven reciprocal trade policy.
Plus, 100% immediate depreciation write-offs, creating a huge business capital goods boom, where new investment means stronger employment and wages, and eventually consumer spending power.
While it may be true, as President Trump told me this week, that he and his team have to work harder to get the message out, the fact is the numbers are on his side.
And editorialists who dwell on tired old left-wing Biden-esque criticisms, should really just give it up.
Trumponomics is working, and a midterm election victory for Republicans is very much in sight.
Apollo Global: Overdone Credit Fears Create A Buying Opportunity (Upgrade)
Sanofi SAN -1.87%decrease; red down pointing triangle shares fell after the drugmaker said Belen Garijo, the chief executive of Germany’s Merck MRK 1.91%increase; green up pointing triangle KGaA, would succeed Paul Hudson as CEO after its board decided not to renew his mandate.
The change at the helm of the French company follows a string of clinical setbacks last year that put its shares under pressure and left investors and analysts wondering whether Sanofi would be able to replace sales from blockbuster Dupixent—an anti-inflammatory drug jointly developed with Regeneron—once the medicine goes off patent.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Telus T -3.22%decrease; red down pointing triangle longtime Chief Executive Darren Entwistle will hand over the reins of the Canadian telecom giant, making way for former bank boss Victor Dodig.
Entwistle will retire on June 30 following a 26-year tenure as Telus’s president and CEO, the company said Thursday. Dodig, who has been an independent director on the Telus board for almost four years, becomes CEO designate with immediate effect and will join the company’s leadership team full time May 1 before taking over as CEO at the start of July, Telus said.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Two men jailed in UK for Islamic State-inspired plot to kill hundreds of Jews
Form 13G LIGHTWAVE ACQUISITION CORP-A For: 13 February
I am a qualified economist specializing in economic theory and I have been investing and trading since 2005. Since 2018, I have been investing in US equities. Until 2022, I was part of TopStepTrader, having passed the combine for a funded trader. I am a conservative investor, and for a long time, I have been using my model for evaluating companies, based on a mix of quantitative and fundamental analysis. This model allows me to assess objectively almost any public business and answer the question of investment attractiveness. The exceptions are banks, insurance companies and REITs – my analysis does not cover them. I focus on comprehensive and in-depth analysis of financial statements of mega and large caps, trying to update my vision every quarter. My main investing strategy is to regularly buy shares with a portion of my income that I want to hold forever. I want to combine my writing and research skills with my passion for financial statement analysis to give private investors an independent view of large and well-known companies from a facts and figures perspective. My main motivation is to help private investors make informed and well-founded decisions by demonstrating my approach to analysis.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of ADBE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I use a strong buy rating, but my approach would be better served by a rating scale from avoid to attractive. Attractive status or strong buy rating relative to ADBE stock is based solely on an analysis of the financial performance of the business without an assessment of the current value, although this analysis will also be carried out towards the end of the article. My opinion may be useful to investors considering whether to include the stock in a long-term portfolio and hold it for a 3-5 year horizon, and it does not constitute a recommendation or trading instruction.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Lowe’s cuts 600 corporate and support roles to focus on store employees
Chief executive Thomas Woldbye says Europeans and Brits keep “crashing into each other” because they walk on different sides.
Robot Collective, Atlas Acrobatics, and More Videos
Cryptocurrency Kya Hai | Crypto Me Invest Kaise Kare | Cryptocurrency Bitcoin #shorts
Two Brit skiers crushed to death by giant avalanche during high alert
-
Politics5 days agoWhy Israel is blocking foreign journalists from entering
-
Sports7 days agoJD Vance booed as Team USA enters Winter Olympics opening ceremony
-
Business5 days agoLLP registrations cross 10,000 mark for first time in Jan
-
NewsBeat4 days agoMia Brookes misses out on Winter Olympics medal in snowboard big air
-
Sports2 days agoBig Tech enters cricket ecosystem as ICC partners Google ahead of T20 WC | T20 World Cup 2026
-
Business5 days agoCostco introduces fresh batch of new bakery and frozen foods: report
-
Tech3 days agoSpaceX’s mighty Starship rocket enters final testing for 12th flight
-
NewsBeat5 days agoWinter Olympics 2026: Team GB’s Mia Brookes through to snowboard big air final, and curling pair beat Italy
-
Video12 hours agoThe Final Warning: XRP Is Entering The Chaos Zone
-
Sports5 days agoBenjamin Karl strips clothes celebrating snowboard gold medal at Olympics
-
Sports6 days ago
Former Viking Enters Hall of Fame
-
Politics5 days agoThe Health Dangers Of Browning Your Food
-
Business6 days agoJulius Baer CEO calls for Swiss public register of rogue bankers to protect reputation
-
Crypto World2 days agoPippin (PIPPIN) Enters Crypto’s Top 100 Club After Soaring 30% in a Day: More Room for Growth?
-
Crypto World4 days agoU.S. BTC ETFs register back-to-back inflows for first time in a month
-
Crypto World3 days agoBlockchain.com wins UK registration nearly four years after abandoning FCA process
-
Video2 days agoPrepare: We Are Entering Phase 3 Of The Investing Cycle
-
NewsBeat5 days agoResidents say city high street with ‘boarded up’ shops ‘could be better’
-
Sports4 days ago
Kirk Cousins Officially Enters the Vikings’ Offseason Puzzle
-
Crypto World4 days agoEthereum Enters Capitulation Zone as MVRV Turns Negative: Bottom Near?