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Vast majority of Welsh business owners are upbeat on growth this year

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KPMG has published its annual enterprise barometer which shows Welsh business owners are more positive on growth than the UK as a whole.

KPMG.(Image: Getty Images Europe)

Nearly nine in 10 (89%) businesses in Wales are confident about growth this year, according to new research from professional advisory firm. KPMG. Its annual private enterprise barometers shows confidence over growth amongst Welsh firms is 2% higher than the UK average of 87%.

Increased demand for products and services was identified as the main reason for the outlook, cited by 43% of Welsh businesses, while 42% highlighted plans to introduce new technology as another reason for optimism in the year ahead. Technology also dominated as a leading investment priority for Wales-based businesses, with 39% identifying areas such as digital transformation as a key investment focus, followed closely by investment in artificial intelligence (38%), both in line with the UK averages.

Diversification is also high on the agenda for private businesses across Wales, with more than half of businesses (57%) looking to introduce new service lines and broaden their client offering.

READ MORE: Ecology Building Society chooses Valleys town for its first high street branchREAD MORE: Welsh spinout firms are not getting the growth capital needed to fly

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Appetite for internationalisation is high, with 63% confirming that appetite for international expansion has grown in the last 12 months. 56% of respondents are also targeting new markets as a way to diversify over the next five years. Western Europe was identified as the most favoured location for expansion and trade amongst Wales businesses, with 53% citing the region as a priority.

The appetite for alternative funding options is strong, with nearly half (47%) of regional businesses now open to private equity investment, in line with the UK average. This reflects a willingness amongst firms to explore new sources of capital to support innovation and accelerate growth.

On merger and acquisitions more broadly, 41% are open to opportunities but not actively seeking them. 36% are focused on internal growth only, while a further 28% are actively pursuing acquisitions.

David Williams, Wales and south west regional office senior partner at KPMG UK, said: “Wales’ impressive confidence heading into 2026 puts it near the top of the leaderboard for this year’s survey. This optimism is being driven by real demand for products and services, combined with strategic investment in tech and diversification.

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“More broadly, it’s a pivotal moment for Wales. Major investment and projects like the Celtic Freeport are creating genuine momentum. And businesses are responding by positioning themselves to capitalise.

“Ambition to enter new markets is particularly striking, with over half of respondents eyeing the prospect. Combined with Wales’ growing strengths in renewable energy and infrastructure development, these businesses can be seen to be actively building the capabilities to deliver sustained growth.”

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India-US trade deal: Trade team heading to Washington next week for legal pact

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India-US trade deal: Trade team heading to Washington next week for legal pact
New Delhi: India’s chief negotiator for trade talks with the US, Darpan Jain, will lead a delegation to Washington next week to finalise the legal agreement for the India-US trade deal, which is likely to be signed in March, commerce secretary Rajesh Agrawal said Monday. The visit is likely to start on February 23.

Earlier this month, India and the US released a joint statement to announce that a framework for an interim trade agreement has been finalised. “The joint statement lays down the contours of the deal. Now, the contours of the deal have to be translated into a legal agreement, which will be signed between the two sides,” Agrawal said.

The two sides are engaged in finalising that legal agreement, and virtual talks are going on.

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“Next week, chief negotiator Darpan Jain will be leading a delegation to the US to finalise the legal (pact) to work towards the legal agreement. That work will carry on next week in Washington and, if need be, thereafter in March and July,” Agrawal said.


There is an effort to close and sign the deal in March, he said “but I have not put a deadline on it because legal agreement finalisation also has certain intricacies, which both sides will have to resolve.”
While Washington has already eliminated the 25% punitive tariffs on India for buying Russian crude, it is yet to issue an executive order to implement the reduction in reciprocal tariffs on Indian goods to 18% from 25%. “I am told they are processing it. It should be done fast. Our expectation is that it should be done this week, but in case it is not done, the team is there next week, and we can pursue and see why it is taking time,” Agrawal said. He explained that the agreement is that 18%will be done in the interim pact, and the remaining tariff lines, wherever reciprocal tariffs are expected to go down to zero, that would be done after the legal agreement is signed.

“And from our side also, any reduction in tariff, any market access, preferential market access will be extended only after the legal agreement is signed,” he said.

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On India getting concessional duty access for garments made using American yarn and cotton under its bilateral trade agreement with the US, like the benefit currently extended to Bangladesh under a US trade deal, the secretary said that India imports around $200-250 million of US cotton on average. “And the variety being imported, I presume, is the same variety which we get the preferential market access,” he added.

An official said that India is a net importer of cotton and it needs more of it as it eyes higher exports of textiles to the EU and US.

Agri, digital trade
Trade agreements with the US and the EU have opened up an opportunity of $400 billion for India’s agriculture sector, an official said.

At present, India’s agricultural exports to the US are 2.8 billion, while imports are $1.5 billion. Overall, India’s imports of agri goods are worth $35 billion, while exports are valued at $51-52 billion, and the figures are increasing.

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On the US including references to agriculture and digital trade in their fact sheet, which are not there in the joint statement, the official said: “Pulses weren’t there in the joint statement. So, in the factsheet it was innocuous.” Officials said that the two sides haven’t discussed digital taxes, ecommerce moratorium or equalisation levy in the negotiations in the first tranche of the trade deal.

“On barriers to digital trade, it is for both sides to identify in the BTA. Digital taxes we haven’t even discussed,” said an official.

India’s non-marine agricultural exports to the US are worth $2.8 billion and imports $1.5 billion.

On India buying DDGS (Dried Distillers Grain with Solubles) from the US, the official said: “We haven’t agreed to any GM. Anything coming into the country has to go through bio security. There are TRQ (Tariff Rate Quota) wherever we’ve opened up in agriculture”, adding that the EU and the US are $400 bn agriculture economies.

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What Is Fat Tuesday? Date, Meaning and Celebrations Ahead of Lent

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10 Surprising Valentine's Day Fun Facts for 2026

Fat Tuesday, also widely known as Mardi Gras, falls on Tuesday, Feb. 17, 2026, marking the culmination of the Carnival season and the final day of indulgence before the solemn 40-day period of Lent begins on Ash Wednesday, Feb. 18.

The date shifts annually because it is tied to the movable feast of Easter, calculated as the first Sunday after the first full moon following the spring equinox. In 2026, Easter Sunday lands on April 5, placing Ash Wednesday exactly 46 days earlier and Fat Tuesday the day before that. This year’s celebration coincides with Lunar New Year on Feb. 17, creating an unusual overlap of major cultural and religious observances.

Fat Tuesday derives its name from the French “Mardi Gras,” literally “Fat Tuesday,” referring to the tradition of consuming rich, fatty foods — especially those containing meat, dairy and eggs — before the Lenten fast that prohibits such items for many Christians. The day is also called Shrove Tuesday in some traditions, from the old English practice of being “shriven” or confessed before Lent, and Pancake Tuesday in parts of the United Kingdom and

Commonwealth nations, where people traditionally eat pancakes to use up rich ingredients.
The roots of Fat Tuesday trace back to pre-Christian spring festivals that celebrated fertility and renewal, later incorporated into Christian observances. By the Middle Ages, the custom had evolved into a day of feasting and revelry across Europe to clear pantries of forbidden foods ahead of Lent’s austerity. French colonists brought the tradition to the Americas in the 17th and 18th centuries, where it flourished particularly in New Orleans.

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In the United States, Mardi Gras is synonymous with New Orleans, where Carnival season officially begins on Epiphany, or King’s Day, on Jan. 6 — the date the Magi visited the infant Jesus. The 2026 season runs from Jan. 6 to Feb. 17, featuring hundreds of parades organized by krewes (social clubs), elaborate floats, marching bands, throws of beads, doubloons, cups and MoonPies, and masked balls.

Major 2026 parades in New Orleans include longstanding favorites like Endymion on Feb. 14 (Saturday before Fat Tuesday), Bacchus on Feb. 15 and Zulu and Rex on Fat Tuesday itself. Zulu, founded in 1909 as one of the first Black krewes, features signature coconut throws and a unique satirical style, while Rex, the “King of Carnival,” dates to 1872 and represents the pinnacle of old-line Mardi Gras tradition.

Beyond New Orleans, Fat Tuesday celebrations thrive in other Gulf Coast cities. Mobile, Alabama — often called the birthplace of American Mardi Gras, with roots in 1703 — hosts over 40 parades from late January through Feb. 17, 2026, including the Order of Athena, Knights of Revelry and Comic Cowboys. Galveston, Texas, runs events from Feb. 6-17, featuring block parties and themed parades. Lafayette and Baton Rouge in Louisiana also feature vibrant community parades and king cake parties.

King cake, a cinnamon-swirled pastry decorated in purple, green and gold — the official Mardi Gras colors symbolizing justice, faith and power — is a staple of the season. A small plastic baby figurine is baked inside, and whoever finds it in their slice hosts the next party or provides the next cake.

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Globally, Fat Tuesday takes different forms. In Brazil, it aligns with Carnival in Rio de Janeiro, featuring samba parades and street parties. In Germany, it’s Fasching or Karneval, with costume balls. In Poland, the related “Fat Thursday” (Tłusty Czwartek) features pączki (filled doughnuts) a week earlier. In Sweden and Finland, semla buns mark the day.

For many Christians, particularly Catholics, Orthodox and some Protestants, Fat Tuesday represents a final opportunity for merrymaking before Lent’s focus on prayer, fasting and almsgiving. The Lenten fast traditionally involves abstaining from meat on Fridays and limiting indulgences, though practices vary by denomination and individual.

In 2026, the holiday arrives amid typical winter weather challenges in the South, but forecasts suggest mild conditions for parades. Public health officials continue to emphasize crowd safety, hydration and responsible celebration following lessons from past years.

Fat Tuesday’s cultural significance extends beyond religion. It serves as a communal release valve, a celebration of excess in a society often marked by restraint, and a showcase of local heritage through music, food and pageantry. New Orleans’ economy benefits enormously, with millions of visitors boosting tourism revenue during the season.
As Feb. 17 approaches, preparations are in full swing. Krewe members finalize costumes, float builders add finishing touches, and bakeries produce thousands of king cakes.

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Whether in the streets of New Orleans, Mobile or quieter observances at home with pancakes and family, Fat Tuesday 2026 invites people to feast, forgive and prepare for reflection.

The day reminds observers that joy and discipline coexist in faith and culture. After the last bead is caught and the final float rolls by, Ash Wednesday dawns with the sign of the cross in ashes and the words, “Remember you are dust, and to dust you shall return.”

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How ‘bustling’ new food hall in Wythenshawe could look

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Council and developer want to build market space in civic centre

The new venue will feature a wrap-around canopy.

The new Wythenshawe venue will feature a wrap-around canopy(Image: Muse / IF DO)

Striking CGIs show how a planned food hall at Wythenshawe Civic Centre could look if a planning application is approved.

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Manchester council and developers Muse want to build the ‘bustling’ new venue next to the former Peacocks store, on the corner of Hale Top and The Birtles.

Three vacant shops would be combined into one new market, with space for several local food traders and a shared seating area, according to plans submitted by the developer.

Designed by architects IF DO, the designs include a brand new facade with trendy matchstick ceramic tiling and a wrap-around canopy to provide shelter for outdoor diners.

Joel Chandler, senior development manager Muse, said plans are ‘moving at pace’, adding: “The food hall will be a hive for a range of local outlets and will provide new spaces for the community to spend time in and give the town’s night-time economy a major boost.

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“We’re already talking with potential vendors about taking space in the food hall following some great conversations with the local community about what types of cuisine they would like to see.”

The planning application is for external alterations to the building, and is currently open to public consultation.

Wythenshawe Food Hall

How the Wythenshawe Food Hall could look(Image: Copyright Unknown)

The project is part of a wider plan to revamp Wythenshawe Civic Centre, which the council acquired from property owners St Modwen in 2022. The scheme has so far received £20m of funding from the government and £11.9m from the town hall.

It includes a new ‘culture hub’ nearby, which is currently under construction, and improvements to public spaces due to be completed by 2027.

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Council leader Bev Craig has said the regeneration plans are in response to Wythenshawe residents, who asked for ‘more things to do, opportunities to spend time in Civic and night time attractions that give the area a lift and attract visitors’.

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Rumors Point to Spring 2026 Announcement for Major Refresh

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Surface Pro

Microsoft has yet to confirm an official date for unveiling its next generation of Surface products, but industry speculation, leaks and historical patterns suggest an announcement could come in the spring of 2026, likely between April and May, for devices expected to launch shortly thereafter.

Surface Pro
Surface Pro

As of Feb. 16, 2026, the current flagship lineup — including the Surface Pro (often referred to as Surface Pro 11 or refreshed variants like the 12-inch model) and Surface Laptop (7th Edition) — continues to dominate reviews and sales as top-tier Copilot+ PCs powered primarily by Qualcomm Snapdragon X Elite and Plus processors. These devices, refreshed significantly in 2024 and with smaller-form tweaks in 2025, emphasize AI acceleration, exceptional battery life and premium builds.

Analysts and leakers anticipate the next major Surface refresh to incorporate advancements in Arm-based computing, potentially featuring Qualcomm’s Snapdragon X2 series (including X2 Elite, X2 Plus and Enhanced variants) or even AMD’s rumored Arm-based “Sound Wave” chip tailored for Microsoft’s ecosystem. Such upgrades would build on the Windows on Arm momentum, promising further gains in performance, efficiency and AI capabilities amid intensifying competition from Apple’s M-series Macs and emerging PC rivals.

Rumors trace back to mid-2025 leaks from sources like KeplerL2 on forums and reports from Notebookcheck and Windows Central, indicating AMD’s Sound Wave APUs were designed specifically for a 2026 Surface lineup. These chips target low-power, ultra-mobile devices, potentially powering successors to the Surface Pro and Surface Laptop, or even a refreshed Surface Go-style model. While AMD’s involvement would mark a diversification from Qualcomm partnerships, no official confirmation has emerged, and Qualcomm remains the dominant force in recent Surface Arm transitions.

Microsoft’s release cadence provides clues. The Surface Laptop 7 launched in mid-2024, with consumer models hitting shelves in June and business variants following in early 2025. A follow-up typically arrives 18-24 months later, aligning with spring 2026 for a Surface Laptop 8 or equivalent. Similarly, Surface Pro refreshes often follow suit, though a smaller 12-inch variant debuted in May 2025 alongside a redesigned Surface Laptop 13 in some reports.

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Industry watchers point to April or May 2026 as a plausible window for announcements. This timing would allow Microsoft to showcase next-gen silicon at a dedicated event, similar to the May 2024 reveal that paired Surface hardware with Qualcomm and partners to highlight Copilot+ experiences. A spring launch would position new devices ahead of back-to-school and holiday seasons while capitalizing on Windows 11 updates, including version 26H1 features tied to new hardware in early 2026.

CES 2026 in January provided context but no Surface-specific bombshells. Qualcomm highlighted Snapdragon X2 advancements, with partners like HP, Asus and Dell announcing compatible laptops. Microsoft participated in broader Windows ecosystem showcases but held back on first-party hardware reveals. This restraint fuels speculation that Redmond is saving major announcements for a standalone Surface-focused event, a pattern seen in past years.

Potential features for the next lineup include enhanced NPU performance for deeper AI integration, improved displays (possibly OLED options), better repairability based on recent trends, and continued emphasis on all-day battery life. Pricing could start around $999 for base models, though premium configurations with new chips might push higher. Any AMD Sound Wave integration would represent a bold shift, offering competition within Arm and potentially better graphics or custom optimizations.

Challenges remain. Supply chain readiness for next-gen chips could delay timelines, as seen with past Qualcomm transitions. If Snapdragon X2 availability lags, Microsoft might opt for incremental updates or push announcements into fall 2026, aligning with traditional October hardware events. Windows 11’s evolving security and AI roadmap, including features like Baseline Security Mode rolled out in early 2026, will likely tie closely to new hardware.

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Consumers eyeing upgrades face a decision point. Current Surface Pro and Laptop models remain highly rated for productivity, creativity and portability, often discounted during events like Presidents’ Day sales. Reviewers praise their balance of performance and design, with battery life outpacing many Intel-based rivals.

For those waiting, patience could yield meaningful improvements in efficiency and AI tools. Microsoft has not commented on specific dates or features, maintaining its tradition of surprise reveals. The company’s events page lists ongoing webinars and regional sessions but no hardware-focused keynote as of mid-February 2026.

As the PC market evolves with AI at its core, Microsoft’s Surface division continues to set benchmarks for Windows devices. Whether the next lineup arrives in spring with Snapdragon X2 power or introduces AMD’s Sound Wave surprises, expectations remain high for devices that blend premium hardware with seamless software integration.

Until an official invitation or teaser emerges, speculation will persist across forums, tech sites and social media. For now, the current generation holds strong, but the horizon points to exciting developments in the coming months.

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Energean corrects TASE ex-dividend date for Q4 2025 payout

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Energean corrects TASE ex-dividend date for Q4 2025 payout

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Climate Challenge: A Decade After Paris Agreement

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Climate Challenge: A Decade After Paris Agreement


Climate Challenge: A Decade After Paris Agreement

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JPMorgan Emerging EMEA Securities provides update on Russian lawsuits

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JPMorgan Emerging EMEA Securities provides update on Russian lawsuits

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Aussie Dollar Fatigue? Technical Signs Hint At An AUD/USD Pullback

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Aussie Dollar Fatigue? Technical Signs Hint At An AUD/USD Pullback

MarketPulse is an award-winning industry analysis and news site service created by OANDA Business Information & Services, Inc. Covering forex, commodities, global indices and more, our goal is to give timely, relevant and informative commentary on major macroeconomic trends, technical analysis and worldwide events impacting the industry.

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Star WR Becomes Free Agent Amid Major Roster Overhaul

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Tyreek Hill

The Miami Dolphins released eight-time Pro Bowl wide receiver Tyreek Hill on Monday, Feb. 16, 2026, parting ways with one of the NFL’s most explosive playmakers and clearing significant salary cap space as the franchise begins a roster reset under new leadership.

The move, first reported by ESPN’s Adam Schefter and confirmed by multiple sources including NFL Network’s Tom Pelissero, comes amid a flurry of cost-cutting transactions on Presidents’ Day. Hill’s release follows the earlier announcement of edge rusher Bradley Chubb’s departure and includes other veterans like guard James Daniels and receiver Nick Westbrook-Ikhine. Collectively, the cuts are projected to save the Dolphins more than $56 million in 2026 cap space while incurring substantial dead money hits.

Hill, who turns 32 on March 1, becomes an unrestricted free agent for the first time in his career. He is recovering from a devastating left knee injury suffered in Week 4 of the 2025 season against the New York Jets on Sept. 29, 2025. The play resulted in a dislocated knee and multiple torn ligaments, including the ACL, requiring season-ending surgery. Hill was placed on injured reserve Oct. 1 and has been rehabbing since, with uncertainty surrounding his return timeline or full recovery for 2026.

The Dolphins acquired Hill from the Kansas City Chiefs ahead of the 2022 season in a blockbuster trade that sent draft picks and players to Kansas City. Miami then signed him to a four-year, $120 million extension that made him the highest-paid wide receiver at the time. Over four seasons in South Florida, Hill amassed impressive numbers despite the injury-shortened 2025 campaign.

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In 2022, his first year with the team, Hill set an NFL single-season record with 1,799 receiving yards and added 119 catches and seven touchdowns, earning First-Team All-Pro honors. He followed with 1,799 yards again in 2023 (tied for his career high) and 1,799 in 2024, showcasing remarkable consistency as a deep threat and yards-after-catch specialist. Through three full seasons, he totaled 378 receptions for 5,397 yards and 32 touchdowns with Miami, helping fuel one of the league’s most dynamic offenses under former coach Mike McDaniel.

The 2025 season started promisingly but ended abruptly after four games. Hill’s production had shown slight declines in efficiency metrics in recent years, partly attributed to evolving defensive schemes and injuries to quarterback Tua Tagovailoa. Still, his speed and big-play ability remained elite when healthy.

Financially, Hill’s 2026 cap hit loomed large at $51.1 million, including a $29.9 million non-guaranteed base salary, a $5 million roster bonus due early in the league year, and other prorated bonuses. Sources indicated $11 million would have become fully guaranteed had he remained on the roster past a specific March date, with additional guarantees pushing the total to around $16 million if kept through mid-March.

By releasing him before June 1, the Dolphins save approximately $22.9 million in 2026 cap space while absorbing a $28.2 million dead money charge, per salary cap analyses from OverTheCap and Spotrac. Designating the release as post-June 1 could spread the dead money and increase savings, though the immediate move prioritizes flexibility for the new regime.

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The decision reflects broader challenges for Miami entering the 2026 offseason. The team faces cap overages and roster questions, including the status of quarterback Tua Tagovailoa, who carries $54 million in guarantees for 2026. With a coaching change — Jeff Hafley taking over after Mike McDaniel’s departure — the front office appears committed to reshaping the roster around younger, more cost-effective talent.

For Hill, the open market offers opportunities despite his age and injury recovery. As a proven game-changer with track-record speed (once clocked at 4.29 seconds in the 40-yard dash), he could attract interest from teams needing a veteran WR1 or high-impact No. 2. Potential suitors might include squads with cap room and quarterback stability, though contract terms could trend toward shorter deals, incentives tied to health milestones, or lower base salaries to mitigate risk.

Hill’s legacy in Miami includes electrifying moments: game-breaking touchdowns, record-setting performances and leadership in the locker room. Fans and teammates lauded his work ethic during rehab, and he expressed gratitude toward the organization in past interviews.

The release marks the end of an era for one of the NFL’s most dynamic offenses of the early 2020s. Miami now turns to rebuilding its receiving corps, potentially through the draft, free agency or internal development with players like Jaylen Waddle.

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As free agency approaches in March, Hill’s next chapter will be closely watched. Whether he returns to form post-ACL or transitions to a new role, his speed and explosiveness have defined an era in the league.

The Dolphins’ aggressive moves signal intent to regain competitiveness after recent struggles. With cap relief secured, attention shifts to how the front office allocates resources in a pivotal offseason.

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California gas prices surge 40 cents to $4.58 amid refinery closures

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California gas prices surge 40 cents to $4.58 amid refinery closures

Gas prices have surged in California in recent weeks as the state’s supply is constrained due to recent reductions in refining capacity.

The price of gas rose 40 cents in about two weeks, with the average price of gas across the state of California at $4.58 a gallon – an increase from $4.46 the prior week and $4.18 two weeks before that, according to data from AAA.

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Those figures are well above the national average of $2.92 a gallon. California’s gas prices are the highest of all states, topping $4.37 a gallon in Hawaii, $4.15 a gallon in Washington and $3.68 a gallon in Oregon.

Rising gas prices in California come amid a reduction in oil refining capacity due to the wind down of operations at Valero’s refinery in Benicia, as well as the previous closure of the Phillips 66 refinery in Los Angeles. 

GAS PRICES FALL IN JANUARY, GIVING AMERICANS A BREAK AT THE PUMP

Vehicles pass the Phillips 66 Los Angeles Refinery Wilmington Plant on Nov. 28, 2022 in Wilmington, California.

The Phillips 66 Wilmington refinery near Los Angeles previously closed. (Mario Tama/Getty Images)

The closure of the Benicia refinery, located in Northern California, leaves just six operating refineries in the state, which is the largest consumer of fuel among all states except for Texas.

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Two others are located in the Bay Area, including Chevron’s Richmond refinery and PBF Energy’s Martinez refinery. The other four are located in Southern California – Marathon’s Los Angeles refinery, Chevron’s El Segundo refinery, PBF Energy’s Torrance refinery and Valero’s Wilmington refinery.

The tightening refining supply prompted the California state senate’s Republican caucus to write a letter to Democratic Gov. Gavin Newsom that called for a special session to address the worsening “cost and supply crisis” created by state policies targeting the oil and gas industry.

CALIFORNIA ‘TRULY AT A BREAKING POINT,’ STATE SENATOR SAYS AS REFINERIES CLOSE AND GAS PRICES SURGE

Valero refinery in Benicia, California

Valero’s Benicia refinery is scheduled to close, reducing the refining capacity in the state of California. (Paul Morris/Bloomberg)

“California is truly at a breaking point. Refineries are closing, supply is diminishing, and my constituents are paying more at the pump every single day,” Republican state Sen. Suzette Martinez Valladares said in a report by FOX Business’ Jeff Flock that aired on “Mornings with Maria.”

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“It isn’t theoretical, this is happening right now. And the longer we wait to address this issue, the more instability and volatility we’ll see here in California,” she added.

TRUMP CONSIDERS CAPPING STATE GAS TAX, SIGNALS POSSIBLE RELIEF FOR CALIFORNIANS

For the country as a whole, gas prices have trended down over the last year, according to the latest consumer price index (CPI) data from the Bureau of Labor Statistics.

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The BLS’ January CPI inflation report showed that gas prices are down 7.5% over the last year and that prices declined 3.2% from the prior month.

Nationwide energy prices have been largely flat in the last year, with the CPI showing the energy index down 0.1%.

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Declines in gas prices have been somewhat offset by rising prices for electricity and utility gas service, which are up 6.3% and 9.8% over the last year, respectively.

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FOX Business’ Arabella Bennett contributed to this report.

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