Friday, August 30, 2024

Gas prices ease

Also: Beware the uninsured motorist ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Fri Aug 30 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money. Betty Lin-Fisher is off today, so I'll do my best to honor her consumer focus. It is, after all, the Friday before Labor Day weekend.

Good news for Labor Day road trippers: Gas prices are easing up, Bailey Schulz reports. 

The national average for regular fuel at the pump was $3.36 per gallon as of Thursday, down about 14 cents from last month and 46 cents from a year ago, according to data from AAA. Barring any unexpected road bumps ahead, experts say prices should keep falling through the remainder of the year.

Here's more on why prices are down and should stay that way.

The steep cost of uninsured motorists

Sticking with the automotive theme: Uninsured motorists are on the rise, and they are driving up the cost of auto insurance for the rest of us. 

The car insurance industry is caught, analysts say, in a vicious cycle of spiraling costs. Car insurance costs have surged by 52% in three years. Rising premiums are prompting more motorists to drop insurance, and their choice is pushing up premiums for other drivers. 

Here's more on the uninsured motorist trend, and what it means for insurance rates down the road.

📰 More stories you shouldn't miss 📰

What's the real cost of Trump's tariffs?
Another chain nixes tobacco sales
Auto sales get a Labor Day boost
'Popping sound' triggers Magic Kingdom chaos
Will Nvidia soon be worth more than Apple?

🍔 Today's Menu 🍔

At least one in five Red Lobster locations is gone, or will shut down this year, as the nation's largest seafood restaurant chain attempts to find its footing after filing for chapter 11 bankruptcy in May, Jim Sergent reports.

The good news for cheddar bay biscuit fans: Hundreds of locations remain open across the country.

This year's closures represent 20% of the 643 restaurants that were operating as the year started. We've collected the addresses of every location and whether they will be open or closed after this new round of closures.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

A customer uses a gas pump at a filling station in Falls Church, Virginia, on October 20, 2022.

The national average for regular fuel at the pump Thursday was $3.36 per gallon, down about 46 cents from a year ago, according to AAA data.

Damaged in heavy car accident vehicles after collision on city street crash site at night. Road safety and insurance concept.
 

Uninsured motorists are driving up costs for everyone else

Rising premiums are prompting more motorists to drop insurance. Their choice pushes up premiums for the rest of us.

.
 

1 in 5 Red Lobsters have closed in bankruptcy. See what's left

Red Lobster filed for Chapter 11 bankruptcy in Florida in May. Here's a complete list of the company's restaurant locations that are open and closed.

A Nvidia chip is displayed at the Mobile World Congress (MWC) in Shanghai on June 26, 2024.
 

Will Nvidia be worth more than Apple by 2030?

The chipmaker has consistently outperformed Apple over the last decade.

Celebrating the park's 50th Anniversary, visitors to Disney's Magic Kingdom pass a statue of Walt Disney holding hands with Mickey Mouse.    Disney World Magic Kingdom Walt Disney Statue
 

Fight at Disney's Magic Kingdom prompt false active shooter reports

A fight and a 'popping sound' led to false rumors of there being an active shooter at Magic Kingdom in Orlando, Florida on Thursday.

Boxing gloves featuring U.S. and China flags
 

What's the real cost, if any, of Trump's proposed tariffs?

Vice President Kamala Harris says Trump's tariff plan would raise prices on middle-class families by $4,000 a year.

Large office building with the NVIDIA corporate logo displayed on a wall near the entrance.
 

Nvidia sees stock prices drop after record Q2 earnings. Here's why.

Investors are worried that Nvidia's explosive growth has slowed amid production delays on new products.

Cigarette packs, including menthol, are displayed for sale at a convenience store in Lower Price Hill on Wednesday, May 11, 2022.
 

Another grocery chain discontinues tobacco sales

The Massachusetts-based grocery store chain said tobacco products will no longer be sold in any of its 360 stores.

Realtor Deborah Baisden of BHHS Towne Realty in Virginia.
 

Home contract signings fall to lowest since 2001 as home buyers pivot

Home buyers and sellers agreed to the fewest purchase agreements on record in July as the housing market remained challenging.

USA TODAY
 

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