Relief at the Pump
To view this email as a web page, click here. What's Happening Today Good morning! It's Kristin with your daily morning digest.
Oil prices are falling, with the price of benchmark West Texas Intermediate (WTI) crude oil sliding below $100 a barrel as talks continue between negotiators from Russia and Ukraine and lockdowns in China could weaken demand. Lower oil prices bring good news to drivers: average gas prices in the country are also declining, dipping slightly to an average of $4.32 a gallon today, according to AAA.
But inflation is still on the rise. The Producer Price Index (PPI), which measures inflation for manufacturers, rose 0.8% in February, according to the latest report from the Bureau of Labor Statistics. That rate could suggest inflation is slowing after January saw a 1.2% monthly increase and a record annual jump in prices. The index posted a 10% increase from a year ago—tied with January's upwardly revised rate for the greatest annual increase on record, since data was first collected in 2010. The core PPI rate, excluding volatile food and energy prices, rose 6.6% from last year.
And a new study from The Balance found that personal care products marketed toward women cost nearly 13% more than items targeting men. Dubbed the "pink tax," the analysis showed how much more some consumers may pay for goods like shampoo, soap, and razors, despite the similarity of the products.
- Kristin Editors' Picks
Off the Charts Everyday products targeted at women, like shampoo, razors, body wash, and lotion, cost nearly 13% more than those products targeted at men, according to a new study from The Balance. Razor cartridges and deodorant marketed toward women had the largest markups compared to those products for men, the data showed.
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Number of the Day 60 - That's how many days—at least—Uber riders must pay extra to cover fuel, showing how long gas is expected to stay pricey, and that even the carless will feel it.
![]() Season 2 of the "Money Confidential" podcast is back with "Taxes in Ten," a six-episode mini-season covering your top tax questions. Host and nationally recognized money expert, Stefanie O'Connell Rodriguez, is teaming up with The Balance's very own Editor-in-Chief, Kristin Myers, as well as Caleb Silver, Editor-in-Chief of Investopedia, to talk about everything from doing your own taxes to the specific tax considerations of different life stages. You can listen now to "Taxes in Ten."
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