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Happy Wednesday, Daily Money readers. Jayme Deerwester back with you.
⛽️ Walmart+ increases gas discount ⛽️
Walmart+ will soon make it easier for its members to save money at the pump.
The retailing giant announced Wednesday it is increasing its discount on fuel from 5 to 10 cents a gallon, effective immediately. Walmart is also expanding the discount’s availability, allowing members to use it at 12,000 Exxon and Mobil stations.
The discount is already available at Walmart and Murphy gas stations. Walmart+ also provides access to member prices at Sam’s Club fuel centers.
“Fuel is not really a discretionary purchase,” said Chris Cracchiolo, senior vice president and general manager of Walmart+. “We’re seeing members having to buy fuel to manage their everyday lives. So we think this is really going to help them save more money.”
Walmart+ memberships are available for $98 a year, or $12.95 per month.
📰 More headlines you can’t miss 📰
VICTORY FOR FLIGHT ATTENDANTS: Delta will now pay cabin crew for work done before the plane door closes.
COLORADO COMES THROUGH FOR CONSUMERS: Centennial State will use surplus to give $400 to residents struggling to pay bills.
HOW TO GET A RAISE: Tips for getting better pay without leaving your job.
REAL ESTATE INVESTING: 5 reasons it may be the perfect small business opportunity.
💰 Is corporate greed making inflation worse?💰
But left-leaning think tanks and lawmakers are increasingly pointing to what they say is an even bigger culprit: corporate greed. Companies, they allege, are jacking up prices by more than is required to offset their rising wholesale costs, padding their profits while using supply snags as cover. Conservative economists say such arguments cast an unfair shadow over basic laws of supply and demand.
Thirty-eight states prohibit raising prices excessively during disasters or emergencies. But federal law does not bar a company from charging consumers whatever it likes as long it doesn’t collude with its competitors to boost prices by an agreed-upon amount. That could change if Senate Budget Committee chairman Bernie Sanders, I-Vt., manages to pass the first windfall profits tax since World War II.
🎧 Mood music 🎧
“Hey, I’m not complaining ’cause I really need the work. But hitting up my buddy’s got me feeling like a jerk. Hundred dollar car note, $200 rent. I get a check on Friday, but it’s already spent.”
LISTEN WHILE YOU WORK: You can hear just about every song quoted in the newsletter on the Daily Money Mood Music playlist on Spotify.