All posts tagged "Pricing"

Walt Disney World has increased prices on its theme park annual passes between $30 and $50, depending on the level. Disney also raised the parking fee at the parks from $25 to $30, matching the charge at Universal Orlando’s parking garage and at SeaWorld Orlando theme park. The top-line Incredi-Pass, which includes access to the four theme parks and has no blockout dates, now costs $1,449, according to Disney World’s website. That’s up from $1,399, an increase of 3.6%. The new price for the Sorcerer Pass, designed for Florida residents and some Disney Vacation Club members, is $999, up from $9......

A historic auto workers’ strike at three Midwestern factories entered its second day on Saturday with one major question looming over the U.S. economy: Will the work stoppage drive up car costs and fuel simmering inflation across other industries? Some 13,000 workers have walked off plants that build some of the most popular American-made cars. The targeted stoppage — the first time the United Auto Workers have launched a simultaneous strike against each of Detroit’s Big Three auto brands — is seen as likely to last and could expand to more plants. The strike is led by workers bitter that thei......

California has appointed its first watchdog for gas price gouging. Gov. Gavin Newsom appointed Tai Milder on Wednesday to lead the state’s effort to hold gas companies accountable amid spiking fuel prices. Pending Senate confirmation, Milder will direct the newly-created independent Division of Petroleum Market Oversight, housed within the California Energy Commission. Milder is a former antitrust prosecutor at the U.S. Department of Justice. The division was created as part of Newsom’s plan to penalize Big Oil for California’s high gas prices. As part of a special legislative session, lawmake......

As he relentlessly accuses President Joe Biden and national Democrats of fueling rising costs and fiscal mismanagement, Florida Gov. Ron DeSantis is facing stubbornly high inflation in his own backyard. New data released this week show prices in the Miami-Fort Lauderdale-West Palm Beach metro area jumped 9% in the 12 months that ended in April In the Tampa-St. Pete-Clearwater area, the inflation rate hit 7.3% in the year that ended in May. The national average, according to the Consumer Price Index, now stands at 4%. The high cost of living in the Sunshine State opens up what DeSantis’ critics......

SAN DIEGO — Gov. Gavin Newsom signed legislation in mid-March to create new oversight of the oil and gas industry, which could lead to fines. The law said it will create a civil penalty on refiners who have engaged in price gouging. "Now it's time to choose whether to stand with California families or with Big Oil in our fight to make them play by the rules," the governor said in a statement. The oil industry has criticized the move, arguing it would make confidential trade information public and result in less investment in California, which may result in increasing prices more. Yet many Demo......

SACRAMENTO, Calif. — As lawmakers debate who is to blame for California’s high gas prices, Attorney General Rob Bonta is seeking millions of new dollars to investigate and possibly sue oil companies over the matter. But according to experts, it appears unlikely that such investigations would lead to a court finding significant violations of the law. “The antitrust laws are very narrow,” said Severin Borenstein, director of University of California, Berkeley’s Energy Institute. “What’s illegal is independent companies getting together to set prices or merging in order to become more powerful in......