High airfares are weighing on Thanksgiving travel plans this year
Average fares for the Thanksgiving holiday were up 31% in August from a year ago, according to aviation pricing data.
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Average fares for the Thanksgiving holiday were up 31% in August from a year ago, according to aviation pricing data.
Experts warn that higher transportation costs could push up the price of food and other everyday goods.
As the agriculture industry in Louisiana contends with major energy cost hikes brought on by the Iran war, some farmers are unsure if their businesses will survive.
CBS News reports that a disruption of oil passing through the Strait of Hormuz has increased fuel prices. The effect may go beyond that.
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
The Trump administration proposed rules that would weaken fuel economy standards for vehicles set under President Biden in 2024.