Tagged: Gas Prices

Corn prices are going through the roof. The price of gasoline is rising again. Inflation, though, is still low.What's more, as Bloomberg notes today, investors are betting that inflation will remain low for years to come.

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with an eye on oil prices.

Isaac is not expected to grow beyond a Category 1 hurricane and that is easing some concerns it could damage oil and gas refineries along the Gulf Coast. Still, several have shut down operations and will probably be offline for a couple days. Depending on Isaac's severity, analysts say gas prices could go up by about 10 cents or so in the coming weeks. Transcript provided by NPR, Copyright National Public Radio.

On Aug. 1, 2011, unleaded gas cost $3.70 a gallon, on average. As of last week, the average price of unleaded gas was $3.70 a gallon. The same as last August.