PALM DESERT. Calif. (KESQ)- Gas prices climb as Palm Springs enters a busy summer travel season. For about a month, gas prices had been steadily dropping. Now, they’ve gone up by 3 cents in one day, the first jump since May. Gas prices are on the rise again, as millions of people hit the road for
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COACHELLA VALLEY, Calif. (KESQ) – California drivers will see slightly higher prices at the pump starting July 1, thanks to a statewide gas tax increase of 2.2 cents per gallon. The annual increase will bring the state’s gas tax to 63.4 cents, the highest in the nation. It comes as drivers hit the road for
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RIVERSIDE (CNS) – The average price of a gallon of self-serve regular gasoline in Riverside County dropped today for the 32nd time in 33 days, falling four-tenths of a cent to $5.401, its lowest amount since March 13. The average price has dropped 66.4 cents over the past 33 days, including 1 cent Sunday, according
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PALM SPRINGS, Calif. (KESQ) – The median price for a home in Palm Springs has dropped 12.5% to 1.1 million compared to last year, according to the March report from the Greater Palm Springs Realtors Desert housing report. However, even with a 12.5% decrease, some looking to purchase their first home in Palm Springs say it’s still
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By Hanna Ziady, Olesya Dmitracova, John Towfighi, CNN London (CNN) — Oil and natural gas prices were volatile Thursday after Iran ramped up strikes on energy infrastructure across the Middle East and attacked one of the world’s most important liquefied natural gas facilities in Qatar. Brent crude, the global oil benchmark, rose 1.18% to settle
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RIVERSIDE, Calif. (KESQ) – The average price of a gallon of self-serve regular gasoline in Riverside County rose today to its highest amount since Oct. 25, 2023, increasing 6.2 cents to $5.354. The average price has risen 43 of the past 44 days, increasing $1.213, including 3.5 cents on Thursday, according to figures from the
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By John Towfighi, CNN New York (CNN) — Stocks sank, volatility picked up and oil prices surged to their highest level since mid-2024 as concerns about a prolonged war with Iran continue to roil markets. The Dow closed lower by 785 points, or 1.61%, recouping some losses in the afternoon after briefly falling more than
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Gasoline prices have risen to the highest level in eleven months, with California drivers paying significantly more than the national average, while Chevron has raised concerns about proposed changes to California’s cap-and-invest climate program.
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Routific investigated gas price changes in California during the last year using data from AAA.
Continue ReadingBy Nayeli Jaramillo-Plata, CNN (CNN) — Americans are nervous about their investment portfolios, and it’s easy to see why, given escalating trade tensions and gloomy economic forecasts. The probability of a US recession within the next 12 months has jumped to 45% from 25% last month — the highest since December 2023, a recent Reuters
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Drivers fueling up their vehicles at a Coachella Valley gas station were surprised Monday morning when local bankers covered their entire bills. The request in return? To “give it forward” by donating to a local nonprofit for Coachella Valley Giving Day. “With the rising cost of fuel, we understand the financial challenges facing families,” said
Continue ReadingBy Nicole Goodkind, CNN Business If market swings tell us anything, it’s that investors are rattled by economic uncertainty. The outlook remains cloudy with the possibility of recession on the horizon. Big bank earnings, coming Friday, could help clear some of that fog. Wall Street will be looking for clues about what’s to come as
Continue ReadingBy Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the pandemic. They have good reason to be upset: The cartel’s actions may tip the global economy over the edge, the International Energy Agency has warned. “With unrelenting inflationary
Continue ReadingBy Amy Woodyatt, CNN Tom Brady may or may not have his eye on retirement, but he’s certainly expanding his portfolio of extracurricular interests — this time, putting his cash into pickleball. Last month, the seven-time Super Bowl champion twice hinted that retirement was not too far away, saying he was “close to the end”
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By LAURA MCMULLEN of NerdWallet Most people have an inner critic that sometimes judges their actions and behaviors, including those related to money. That voice may label them as overspenders, for example, or insist they’ll never understand investing. Claims like those can be self-fulfilling. Why reel in spending or learn about investing if you’ve already
Continue ReadingBy Jeanne Sahadi, CNN Business No one wants to run out of money before they die. But making sure your nest egg will last is a challenge because you’re dealing with a lot of unknowns: How long will you live? Will you face costly health crises? How will the market and the economy perform while
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Prospective home buyers from Sacramento home check out a home up for sale in south Palm Desert. They’re shopping in a valley market unlike any seen in the past. “The whole desert area has been on my mind without exaggeration for 25 years, and now for the first time we are seriously considering it which
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At the Mojave Blue Apartments in Palm Springs, Whitney Sanford is among those behind on rent right now, after being out of work for a couple of months. “A little help is better than nothing, and that way I can feel secure. My home won’t be taken away,” said Sanford. Sanford is among struggling tenants
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Music played in the kitchen, while out front, the restaurant owner folded pizza boxes Wishing he was folding a lot more, because business is way down, Jack Srebnik says state relief would help him keep the doors open at 3 restaurants he owns. “We’re trying to stay open for our employees, for our customers. This
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Randy Ernst owns Pro-Tech Mats Industries in Thousand Palms. Also owning the building, he is among business owners and property owners watching the returns on Prop 15 with great interest. That’s because his cost of doing business is expected to go up if 15 passes. “I think they should get that tax money elsewhere. It’s
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