Rising Gasoline Prices Fuel Fresh Inflation Fears in the U.S.

A surge in energy costs is expected to drive overall U.S. consumer inflation higher, with September numbers seen at 0.6% on a monthly basis by economists polled by Reuters. The official CPI data for September is due out later today. Gasoline prices in the United States went up by 7.1% last month, with the latest daily average national price at $4.3413 per gallon, according to AAA. This is close to what the average was a month ago, with the difference at $0.028 per gallon. Diesel prices, however, remain stubbornly high, at above $6 per gallon, although…