gas

The spike in gas prices is worsening the K-shaped economy

Gas prices aren’t just causing headaches at the pump — they’re also worsening a growing economic divide. Loading audio narration… A new report from the Federal Reserve Bank of New York finds that spending on gas mirrors — and deepens — the chasm between America’s higher and lower earners. While…

GM to invest 0 million in gas cars as EV demand plummets

General Motors is making a fresh $340 million investment in its US plants. Loading audio narration… The latest investments will help ramp up production of gas-powered vehicle components amid a nationwide slowdown in demand for EVs. They’ll go toward two propulsion facilities — in Romulus, Michigan, and Toledo, Ohio —…