Gas in New York is quickly approaching an average of $5 per gallon, increasing again Thursday to $4.91.
Stocks wavered in afternoon trading on Wall Street Thursday as the persistently high inflation continues to weigh on the economy and keeps major indexes mired in a deep slump.
The Dow Jones Industrial Average fell 210 points, or 0.7%, to 31,277 as of 12:22 p.m. Eastern and the Nasdaq rose 0.7%."Our hope is that we will steer out of it with a gradual fall, maybe," said Doctor Anoop Rai a finance professor at Hofstra University"Very small probability that we'll just smooth sail out of this."
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