Spike in Fuel Prices Pushes Import Costs Higher, BLS Reports
03/15/2011
Fuel import prices increased 4 percent after rising 3.5 percent in January. Petroleum and natural gas rose 3.7 percent and 12.1 percent, respectively. Over the past year, fuel prices have increased 18.6 percent, with petroleum prices growing 20.6 percent. Natural gas prices have increased by 23.4 percent over the past two months, but those figures have dropped overall by 10.9 percent from February 2010 to February 2011.
Import prices excluding fuel products rose a modest 0.3 percent in February after rising 0.7 percent in January. Over the past year, the price index for imports excluding fuel increased 3.6 percent.
Export prices also rose in January, by 1.2 percent. Over the past year, the price index for overall exports has risen 8.6 percent.
Project Announcements
AMI Metals Expands Spokane, Washington, Production Operations
06/20/2025
Newly Weds Foods Plans Dyersburg, Tennessee, Production Operations
06/20/2025
Yaskawa American Expands Franklin, Wisconsin, Headquarters Operations
06/19/2025
Cayuga Milk Ingredients Expands Cayuga County, New York, Production Operations
06/19/2025
Gap Upgrades Gallatin, Tennessee, Logistics Operations
06/19/2025
Swiss-Based Galderma Plans Miami, Florida, Headquarters Operations
06/19/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
The New Math Behind Mexico and U.S. Manufacturing Decisions
Q2 2025