Afternoon Coffee: Gas Prices to Spike to 2015 High This Weekend, Walmart Releases New Food Supplier Guidelines

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This weekend is expected to be a very busy one for travel, and drivers hitting the road will likely see a slight increase in gasoline prices. The price will creep up to about $2.75 a gallon, the highest price of the year, but still the cheapest gas price for Memorial Day weekend in 5 years.

Walmart released new policies for its food suppliers today, asking them to follow stricter animal welfare and antibiotic use guidelines. The retailer hopes these steps will increase transparency about its products.

The Labor Department has reported US consumer prices rose in April by 0.1%. While food prices remained unchanged last month, energy prices dropped 1.3% and the “core CPI” rose 0.3%.

Car-sharing company Uber is seeking $1 billion in credit from banks – a move experts say is usually a sign a company is prepping for an initial public offering.

 

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