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Thursday 30 June 2022

Daily Money: Gas prices drop, fireworks prices shoot up for July 4th

Today, we have good news for July 4th road trippers, bad news for fireworks customers and a potential fix for the affordable housing shortage. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Thursday, June 30

Good morning, Daily Money readers. It's Jayme Deerwester with you on this Thursday.

Finally, some good news to report: Fourth of July travelers will have some relief at the pump, although gas prices are still at levels never before seen for the holiday weekend. The national average for a gallon of gas is $4.86, according to AAA. That is 26 cents more than Memorial Day weekend prices, but it reflects a decline in prices in recent weeks.

Don't expect it to last, though: "Little bouts of relief here and there are going to be common this summer, but we may not also be done with the fireworks yet," Gas Buddy petroleum analyst Patrick De Haan tells USA TODAY.

Speaking of fireworks, the shortage that has plagued shoppers the past two years seems to have run its course, but the industry isn't done with supply chain issues. Experts warn that an uptick in shipping rates, raw materials and labor costs spurred by the COVID-19 pandemic has resulted in a steep price hike for fireworks this year. 

"I would say from 2019 till '22, items' (costs) have at least doubled," estimates Bruce Zoldan, president and CEO of consumer fireworks distributor Phantom Fireworks.

More stories you shouldn't miss

Does Bed Bath & Beyond have a future? Retailer's outlook unclear after removal of CEO, declining sales.

What stores are open on July 4th? Here are the hours for Walmart, Costco, Target.

Hospitals slow to publish prices. Why many aren't getting on board with new transparency law.

Ranking America's 50 best pizza joints: New York has nine of them.

Taco Bell Big Cheez-It Tostada: Fast food chain testing new menu item.

Affordable housing solution could lie in 3D printers

Homebuyers facing skyrocketing prices are looking for alternatives to traditional homebuilding that are both sustainable and more affordable. But an alternative is edging into the homebuilding environment: 3D printing, which contractors see as a potential solution to supply chain issues and affordable housing.   

Here's how it works: A factory houses giant printers that use a special concrete mixture. The machines layer the materials on top of each other to create walls and ceilings. The components are then shipped to the site where the house is assembled with its amenities and hook-ups, with minimal waste – all for nearly half the cost of traditional home construction.  

"Because the process is so outdated, it takes so long to build a traditional wood-frame house, and we're not building fast enough to meet the demand," says Basil Starr, the CEO of Palari, a California-based developing company using its home state as a test-run location due to its strict building regulations and its urgent need for housing.

🎵 Mood music 🎵

Earlier this week, I was reporting this week on whether the mustard shortage currently plaguing France will impact the U.S. – and as someone who puts it on both her burgers and her fries, I'm relieved to say it probably won't. But it put a certain Jimmy Buffett song stuck in my head:

"Cheeseburger in paradise. Medium rare with Muenster'd be nice. Heaven on earth with an onion slice. I'm just a cheeseburger in paradise."

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. It even comes with its own Spotify playlist a listen. It features every song quoted here.

Follow Jayme Deerwester on Twitter – or Instagram, if you prefer puppy pictures. (Why? Because everybody loves puppies!)

Gas prices are listed at over 6 dollars per gallon in Los Angeles, California on June 22, 2022.
July Fourth gas prices: Prices dip ahead of the holiday weekend
Gas prices have been declining for weeks, giving travelers some relief as they prepare to travel for the Fourth of July.
Firework prices are up this year thanks to supply chain issues
A kids sits onto of a jungle gym near the Hal Brad
What stores are open, closed on the 4th of July?
Walmart is one of the major retailers that will be
3D-printed homes: Possible fix for affordable housing crisis?
Habitat for Humanity Central Arizona's first 3D pr
Mustard shortage: Why is it happening? Will the US feel it?
A variety of mustards appear on a grocery shelf in
CEO removed, sales on decline: Does Bed Bath & Beyond have a future?
The exterior of a Bed Bath & Beyond store.
Hospitals slow to disclose prices under new federal law, study says
The U.S. health care system operates differently f
Taco Bell testing menu item that includes giant Cheez-It
Taco Bell's Big Cheez-It Tostada.
See the top 50 pizzerias in the US, ranked by Italian experts
Una Pizza Napoletana's margherita pizza. The New Y
FTC sues Walmart for allegedly not stopping scammers' money transfers
Walmart store sign and logo
 

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Wednesday 29 June 2022

The Daily Money: Plan B demand spikes; July 4th car-buying guide

This Wednesday, women reeling from Roe v. Wade reversal seek to stockpile Plan B. Plus, how to get a good deal on a new or used car this weekend. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Wednesday, June 29

Good morning, Daily Money readers. It's Jayme Deerwester with you on this Wednesday.

After Supreme Court justice Clarence Thomas suggested that the high court should reconsider rulings that protect access to contraception, same-sex relationships and same-sex marriage, women are worrying that Plan B may be next.

Plan B is oral contraception that you can take up to five days after unprotected sex (including if your method of birth control failed, such as a ripped condom or missing a birth control pill) to reduce the risk of pregnancy.

Though emergency contraception such as the morning-after pill remains legal, retailers said they're experiencing a spike in demand that could lead to supply chain issues. As a precaution, pharmacy chain Rite Aid limited sales to three per customer and Amazon says it's considering a similar plan. CVS did the same initially but says it is removing its limit.

Meanwhile, Facebook and Instagram have begun removing posts that offer abortion pills to women who may not be able to access them following the Supreme Court ruling.

More stories you shouldn't miss

Sriracha shortage: Where you can still buy it  – and other spicy options.

What time should you get to the airport? Travelers offer real-world advice.

Europe's airports are a mess: Here's how to prepare for the bedlam.

Job-seeking in summer: Why your search shouldn't take a vacation.

Ernst & Young ethics exam scandal: Accounting firm fined $100 million after auditors cheated on CPA exam.

Captions on TV: Why they are suddenly everywhere and how they are helping.

Buying a car this weekend? Read this.

Instead of gearing up for a big Fourth of July hoopla, car dealers face another year with little to sell. Those that have new cars to sell may try to charge $10,000 or more above the sticker price on popular models or take orders for cars that won't be delivered for weeks. Used car prices have eased slightly, but it's still a sellers' market.

Here's how you can still get a good deal:

Go with makes and models that have strong residual values. Yes, you may pay more out of pocket initially, but hopefully you'll recoup much of it when trade-in time arrives.
Buy a sedan or hatchback. Buyers looking at a popular mid-size SUV are unlikely to get a deal, says Brian Moody, executive editor of Autotrader/KBB. Instead, he advises considering a mid-size sedan "if you can make that work."
Buy off the lot instead of ordering.  To the extent you can, be willing to accept colors or options that wouldn't normally be your first choice. Certified pre-owned vehicles are another good choice.
Have your financing lined up before you go. Prequalify for a lower-interest loan before going to the dealer to buy a new car in order to lock in the best rate.
Consider total cost. A gas guzzler that's expensive to insure and prone to breakdowns or frequent and expensive repairs will drain a bank account faster than just a hefty monthly payment.
Just wait. "Given the economic uncertainty, unless someone is really under pressure to buy a vehicle, it would behoove them to wait," says Mark Hamrick, senior economic analyst for Bankrate.

🎵 Mood music 🎵

Since things won't be business as usual at car dealerships this holiday weekend, Bruce Springsteen's "Used Cars" feels appropriate.

"My ma's in the backseat sittin' all alone, as my pa steers her slow out of the lot for a test drive down Michigan Avenue. Now my ma, she fingers her wedding band and watches the salesman stare at my old man's hands. He's tellin' us all 'bout the break he'd give us if he could but he just can't."

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. It even comes with its own Spotify playlist a listen. It features every song quoted here.

Follow Jayme Deerwester on Twitter – or Instagram, if you prefer puppy pictures. (Why? Because everybody loves puppies!)

Sahar Saba poses for a portrait at a park near her home in Eden Prairie, Minn. on Monday, June 27, 2022. Following the leak of a potential draft to overturn Roe v. Wade by the US Supreme Court, women around the country are scrambling to purchase back stock of necessary emergency contraceptives and birth control products. The US Supreme Court overturned Roe v. Wade on June 24, 2022.
'Patients are fearful': Plan B sales surge after Roe v. Wade ruling
The Supreme Court's decision on Roe v. Wade has led some to stock up on emergency contraception, fearful that lawmakers will come after Plan B next.
Pharmacy chains set purchase limits on Plan B contraceptive pills
A package of Plan B contraceptive is displayed at
July 4 car deals may fizzle: How to beat high prices and shortages
The latest survey of auto dealers indicates that t
Six hours for airport security? What to expect in Europe this summer.
Travelers wait in long lines to check in and board
Delaying Social Security? Here's how long it will take to break even,
Adult looking at laptop in a light-filled kitchen.
Why your job search shouldn't take a summer vacation
Getting your materials in order can make applying
What time should you get to the airport? Travelers weigh in.
Delta Air Lines passengers wait in line for help a
Hot sauce alternatives to try amid Sriracha shortage
Huy Fong Inc., has been forced to suspend producti
This July Fourth, let's celebrate America's immigrant entrepreneurs
Sofía Vergara     • Occupation:  Actress Colombian
SEC fines Ernst & Young $100 million over ethics exam cheating
Jan 5, 2020; Beverly Hills, CA, USA; Accountants f
 

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