The flipping of the calendar brought with it increases in the minimum wage in select states across the country. Nineteen states increased their minimum wages on Jan. 1, raising earnings for more than 8.3 million workers (list of states at end of article). For the first time, there are more workers in states with a $15 or greater minimum wage than in states with the federal minimum of $7.25, according to the Economic Policy Institute. In addition, 47 cities and counties raised their minimum wages, adding to the number of workers likely to get larger paychecks. The state with the biggest increase in 2026 is Hawaii, where the minimum wage increased by $2 per house, rising from $14 to $16. Other states with minimum wage increases include Arizona, California, Michigan, New Jersey and New York. With the 2026 increases, Washington maintains its position as the state with the highest minimum wage in the country, with workers receiving $17.20 per hour. New York City is next, at $17 per hour (the increase also applies to New York’s Long Island and Westchester.)

Futures slipped 0.5 percent in New York after rising 1.2 percent Monday. U.S. refiners closed by Hurricane Harvey more than two weeks ago continue to restart, including the nation’s largest, operated by Motiva Enterprises LLC. The 12 OPEC nations engaged in production cuts reduced their output by 109,000 barrels a day last month, according to a person familiar with the matter. The hurricanes have rattled energy markets, with Irma shutting Florida fuel stations and ports and Harvey earlier halting about one-quarter of the nation’s refining capacity. Goldman Sachs Group Inc. forecasts the two storms will initially hurt crude demand by about 600,000 barrels a day, though the recovery will likely raise consumption and offset that loss. Click Read More below for additional detail.

National Average Price for Regular Unleaded Current: $3.110; Month Ago: $3.043; Year Ago: $3.141. National Average Price for Diesel Current: $3.663; Month Ago: $3.506; Year Ago: $3.935.