Why are gasoline prices rising faster than oil prices? Blame it on the 'crack.'
The spread between the cost of barrels of gasoline and crude oil - known as the "crack spread" - has widened sharply.

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The spread between the cost of barrels of gasoline and crude oil - known as the "crack spread" - has widened sharply.
Wage growth in June outpaced inflation, after falling behind during April and May.
Wholesale dealers are bidding more for used electric vehicles as gas prices remain high.

The price squeeze that Americans are feeling has reached a level last seen three years ago.
"Inflation is almost eating up the entirety of Americans' wage gains already," one economist says.
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