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But there are signs that both supply and demand will bring prices back down in the coming months. AAA reported this week that the average price for a gallon of gas in the US was $3.88. AdvertisementAdvertisementAn atypical spike in pricesThe increase in gas prices is unusual, as we typically see some relief after the summer surge as demand wanes. If true, the worries about the impact of rising gas prices on consumer spending and inflation are overblown. AdvertisementAdvertisementIn recent years, with oil prices closer to $70 a barrel, gas prices have typically been close to $3 a gallon.
Persons: Mohamed el, Saudi Arabia's, Mohamed Oun, there's, Jorge León, Mike Wirth, we've, hasn't, Wirth, Grace Smith, David Kelly, We're, Kelly, Citi's, Ed Morse Organizations: Service, AAA, Allianz, Saudi, Reuters, Rystad Energy, US Strategic Petroleum Reserve, Biden, Strategic Petroleum Reserve Energy Department, Strategic Petroleum Reserve, Chevron, Bloomberg, Denver, MediaNews, Getty, Morgan Asset Management, Citigroup, CNN Locations: Russia, Saudi Arabia, Wall, Silicon, California, Clearwater Beach, Tampa , Florida, Libya, Ukraine, Brazil, Canada, Venezuela, Guyana
Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Those worries are pushing the city to look for ways to get developers to build more housing — including affordable units, Tampa Mayor Jane Castor told Insider. In order to ease the hardships that some residents are facing, Castor said the city is incentivizing developers to increase housing supply generally. An influx of residents has helped drive up housing prices Tampa. Typically, such arrangements let builders move ahead with projects if development plans include affordable or workforce housing.
Persons: Jane Castor, somethings, Castor, it's, Walter Bibikow Organizations: Service, Tampa, Getty Images Locations: Tampa, Florida, Wall, Silicon, Austin , Texas, San Francisco, Rent.com, Clearwater Beach, Ixefra, Getty Images Tampa
Joe Steilberg, 27, moved to Tampa with his business partner for a job during the pandemic. I founded Twos, a note-taking and organization app, with my co-founder Parker Klein, before we moved to Tampa . Tampa, Florida. Until someone plugged us into this community called Embarc collective, it's a startup community with 150 startups. Not only for myself, but as an investment, because I am really, really bullish on Tampa, and I think that it will have a similar growth to Miami.
Persons: Joe Steilberg, I've, Parker Klein, Austin, Steilberg, COVID, Let's, Tampa, It's, you'd, we're Organizations: Service, University of South, Tampa Bay Ventures, Dallas, Florida, Google, Clearwater, University of Tampa Locations: Tampa, Florida , South Carolina, Texas, Wall, Silicon, Florida, Atlanta, Miami, Jacksonville, University of South Carolina, Austin, Austin , Texas, Dallas, benedek, Tampa , Florida, East, walkable, San Jose, Tampa Heights, Clearwater Beach, Ixefra, We're, Europe
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