Hello MarketWatchers. Don’t miss these top stories.
Gasoline prices will average 50 cents less per gallon in 2023 than in 2022, but we expect to pay for this at the pump in May.
GasBuddy has not seen a repeat of the record above $5 per gallon of gas paid during the turbulent energy market in 2022, but prices are unlikely to stay this low. read more
MarketWatch’s most popular Moneyist advice columns for 2022 are:
Inheritances, bad dates, family feuds and fights over housing were all featured among our advice columnists’ most-read letters in the last 12 months. read more
5 things you shouldn’t buy in 2023
Want to save some money for the new year? Think twice before you splurge on these items. read more
Tonight’s Mega Millions draw: what time is it and how big is the jackpot?
The odds of winning the top prize of $500 million or more are 1 in 32575350. read more
Buffalo’s ‘blizzard of the century’ and 2,900 flight cancellations in the Southwest prompt a closer look at climate change and severe storms
The calendar flipped to winter, soon ushering in Elliott. It was what weather officials deemed a “once-in-a-generation” storm that disrupted holiday travel. read more
‘Car makers are making more expensive cars’: Why you shouldn’t buy a new car in 2023
It will take longer for dealers to be willing to offer compelling discounts. Meanwhile, cars have become even more expensive relative to income. read more
Get significant tax benefits with this simple year-end retirement account change
“The average tax rate is significantly lower than most people realize,” writes Kevin Caldwell, principal at Golden Road Advisors in Tampa, Florida. read more
Dear Tax Guy: I purchased a portable oxygen concentrator for a friend with terminal cancer. Is it a charitable donation?
What do the tax laws say about this thoughtful gift? read more
