This morning in metals news: pre-Labor Day retail gasoline prices are at their highest level in seven years; meanwhile, payroll employment rose by 235,000 in August; and, lastly, Norilsk Nickel has signed an agreement to build a liquefied natural gas icebreaker.
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Pre-Labor Day gasoline prices rise
To the chagrin of those driving this holiday weekend, pre-Labor Day gasoline prices have reached their highest level since 2014, the Energy Information Administration reported.
The average gas price reached $3.15 per gallon as of Aug. 30.
Furthermore, the price marked a 42% jump compared with the same point in 2020.
Payroll employment up 235K
U.S. payroll employment picked up by 235,000 in August, the Bureau of Labor Statistics reported.
Furthermore, monthly job growth so far this year has averaged 586,000 per month.