U.S. gross domestic product increased at a 2.4 percent annualized rate last quarter, according to the Commerce Department on Thursday. The economy grew at a 2.0 percent pace in the January–March quarter. The U.S. economy grew faster than expected in the second quarter as labor market resilience underpinned consumer spending, while businesses boosted investment in equipment.
Prices at the pump went up 12 cents in three days. According to AAA, the national average for regular gasoline climbed two cents Thursday to $3.71 a gallon, the highest in eight months.
