business
US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy
By Associated Press at Odessa American (oaoa.com)
· July 15, 2026
· 2 min read
By PAUL WISEMAN
AP Economics Writer
WASHINGTON U.S. wholesale inflation fell from May to June on plunging energy prices, but intensifying hostilities with Iran are clouding the outlook.
The Labor Department reported Wednesday that its producer price index — which captures inflation before it rea...
Key takeaway The Labor Department reported Wednesday that its producer price index — which captures inflation before it reaches consumers — dropped 0.
Why this matters in The Odessa
For Odessa , a city deeply rooted in the energy industry, the recent drop in producer prices due to lower energy prices may seem like a welcome relief. However, the intensifying hostilities with Iran and the resulting blockade in the Strait of Hormuz threaten to disrupt global oil supplies, potentially driving up energy costs and impacting local businesses. The Permian Basin, which includes Odessa, is a significant player in the US energy market, and any fluctuations in energy prices can have a ripple effect on the local economy. As the Federal Reserve considers its next move on interest rates, Odessa residents and business owners will be watching closely to see how these developments affect the cost of living and doing business in the area. The city's economy, heavily reliant on the energy sector, may face challenges if energy prices continue to rise, making it essential to monitor the situation and its potential impact on the local community.
About this story
Original reporting by Odessa American (oaoa.com) . The Odessa surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Odessa American (oaoa.com) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 15, 2026 ·
Source: Odessa American (oaoa.com) ·
Reading time: 2 min
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What is this story about? By PAUL WISEMAN
AP Economics Writer
WASHINGTON U.S. wholesale inflation fell from May to June on plunging energy prices, but intensifying hostilities with Iran are clouding the outlook.
The Labor Department reported Wednesday that its producer price index — which captures inflation before it rea...
When was this published? This article was first published on July 15, 2026 by Odessa American (oaoa.com) and curated for The Odessa readers.
Who reported this story? This story was reported by Associated Press at Odessa American (oaoa.com). To learn more about how The Odessa selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Odessa, or browse our daily briefing and topic hubs .
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