Wahala dey for Rochester drivers as petrol price don climb pass $4 per gallon dis Monday. According to AAA report, average price for gas for Rochester area na $4.04 per gallon, wey don increase nine cents from last week.
Na war with Iran wey don enter sixth week dey cause dis wahala. As Iran don close Strait of Hormuz, about 20% of world oil and gas no dey pass again. Na dis one dey push price up everywhere for globe.
For New York State, average price don reach $4.07 per gallon, up 14 cents from last Monday. Even national average don pass $4.12 per gallon. Last week na first time since August 2022 wey national average cross $4 mark.
Some pipo wey News10NBC talk to say dem don reduce how dem dey drive. Some even cancel spring break trip because of high price. For drivers wey dey use their own motor for work, na serious palava.
If you wan find cheap petrol for your area, you fit check GasBuddy website. As of Monday, cheapest price for Rochester region na $3.73 for Town of Ontario.
Meanwhile, President Donald Trump don give Iran Tuesday deadline to open Strait of Hormuz back. Iran don reject temporary ceasefire wey US and Israel propose, say dem no wan give enemy chance to prepare more fight.
War don cause plenty casualties. Israel say dem kill intelligence chief for Iran Islamic Revolutionary Guards Corps early Monday. Overnight Israeli-US strikes for Iran kill six children according to state media. Iranian strike for Haifa, Israel kill four pipo.
Trump go hold news conference today about rescue of F-15 crew member wey dem shoot down for Iran.
Dis petrol price wahala dey affect plenty things. For housing market, mortgage rate don drop below 6% for first time in four years, but war with Iran don cause am to rise small again. Refinancing activity don increase 150% compared to last year.
But housing affordability still dey big problem. Research from National Association of Home Builders show say 52% of households no fit afford $300,000 house. For median-priced house of $413,000, number jump to 65%.
Trump administration dey try reduce housing cost by removing some government regulations wey dey make builders spend more money. Dem also direct Fannie Mae and Freddie Mac to support $200 billion in mortgage bond purchases.
For private sector, technology dey help reduce cost. Artificial Intelligence dey help mortgage lenders process loan faster and reduce fees. Companies like Compass and Rocket Companies dey create “one-stop shop” wey fit save homebuyer up to $20,000.
For restaurant business, investors dey compare Chipotle Mexican Grill and Texas Roadhouse. Texas Roadhouse dey show better performance with revenue growth of 9.4% for FY2025 and positive customer traffic. Chipotle revenue grow 5.41% but same-store sales negative for most quarters.
Texas Roadhouse dey pay dividend of $3.00 per share annually while Chipotle no dey pay dividend. For retirement-focused investors, Texas Roadhouse get better value with lower price-to-sales ratio of 1.8x compared to Chipotle’s 3.7x.
For stock market, Kotak Institutional Equities say HDFC Asset Management Company shares fit deliver more returns than ICICI Prudential Asset Management Co. Dem give HDFC AMC ‘Buy’ rating with target price of Rs 2,750, wey mean 17% upside potential.
ICICI Prudential AMC get ‘Add’ rating with target price of Rs 3,150, meaning 11% upside. Both companies dey face challenge of weaker returns despite retail investors still dey put money for equity funds.
Analysts say asset management companies need invest for new areas like alternative investments and offshore products to grow. Even as sector valuations don fall, dem still dey trade at premium to broader markets.
As war with Iran dey continue, petrol price and inflation dey affect everything from transport to housing to investment. Pipo dey adjust their spending as cost of living dey squeeze household budgets.
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