The Washington Post published an article Thursday arguing that gasoline prices aren’t actually very high despite “recent commentary” on the issue. Rising gasoline prices are a consequence of inflation, which …
Tag:
Prices
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The Democratic Party’s lead fundraising arm for electing members to the House cheered a two-cent reduction in the average price of gasoline on Thursday. The Democratic Congressional Campaign Committee (DCCC) …
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Coffee prices soared to a 10-year high on Monday, with experts projecting the high costs to last well into 2023, CNBC reported. Coffee contracts for December hit $2.34 per pound …
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Jonathan Lesser on November 30, 2021 It’s no secret that gasoline prices have increased some 50% since last year. The higher prices have rippled through the U.S. economy, raising shipping …
- US and World News
Buttigieg Says Americans Should Buy Electric Cars So They ‘Never Have To Worry About Gas Prices Again’
Transportation Secretary Pete Buttigieg suggested that Americans worried about increasing gasoline prices should purchase electric vehicles to save money. Families that own an electric vehicle won’t ever have to worry …
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The average price of gasoline nationwide hit its highest Thanksgiving week level since 2012, the Energy Information Administration (EIA) said. On Monday, Americans paid an average of $3.40 per gallon, …
- US and World News
Consumer Spending Jumped In October As Consumers Prepared For Holiday Shopping Amid Surging Prices
U.S. consumer spending grew in October as consumers prepared for holiday shopping with inflated prices and continuing supply chain issues. Household spending increased 1.3% in October compared to the previous …
- Business NewsUS and World News
Dollar Tree Says It’s Raising Prices For The First Time In 35 Years Amid Surging Inflation
Dollar Tree announced Tuesday it is raising its prices, bringing the cost of its products over one dollar for the first time in 35 years. The dollar store will raise …
- Business NewsFood & DiningUS and World News
Cereal Giant To Raise Prices Next Year, Making Cheerios And Other Foods More Expensive
Another cereal giant will increase prices for many of its popular brands earlier than expected, according to CNN. General Mills notified at least one of its major wholesale suppliers that …
- Featured NewsUS and World News
Flashback: Biden Downplayed Tapping Emergency Oil Reserve, Said He Couldn’t Control Gas Prices
President Joe Biden tapped into the U.S. emergency oil reserves Tuesday despite previously throwing cold water on the idea that he said wouldn’t have much effect. “I don’t have a …
- US and World News
CNN Says Biden Is To Thank For Falling Gas Prices Days After Saying It Was Out Of His Control
CNN applauded President Joe Biden for declining oil prices on Friday, just 10 days after reporting that prices were out of his control. The news outlet published a story written by …
- US and World News
‘A Tricky Question’: Top Biden Nominee Saule Omarova Struggles To Answer Question On Whether High Gas Prices Are Bad For Americans
Saule Omarova, President Joe Biden’s pick for a top Treasury Department position, struggled to answer whether she thinks higher gasoline prices are bad for the U.S. during a Banking Committee …
- MIsc. News
Biden Asks Asian Countries To Release Oil Reserves As Administration Scrambles To Combat High Gas Prices: REPORT
The Biden administration asked China, Japan, South Korea and India to tap into their emergency oil reserves as the president continues to grapple with rising gasoline prices, Reuters reported. The …
- Business NewsUS and World News
Retail Sales Grew In October As Shoppers Faced Higher Prices Entering The Holiday Season
U.S. retail sales increased in October as shoppers faced the largest price increase in 30 years entering the holiday season. Retail sales, a measure of how much consumers spent on …
- Featured NewsUS and World News
Granholm Says Biden Is ‘All Over’ Gas Prices, Can’t List Any Policies To Lower Prices
Secretary of Energy Jennifer Granholm said President Joe Biden is “all over” rising gasoline prices but failed to name a single administration policy aimed at lowering energy costs. “The president …
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White House press secretary Jen Psaki argued that higher gasoline prices, which critics blame the Biden administration for, highlight the need for a rapid transition to clean energy. “Our view …
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Median home prices surged in the third quarter of 2021 in almost every housing market in the U.S., the National Association of Realtors said in a report Wednesday. The median …
- New York News
Attorney General James Protects Supermarket Choices and Competitive Prices for Upstate New York Residents
NEW YORK – New York Attorney General Letitia James today announced an agreement that will help upstate New York residents of several cities maintain choices and competitive prices when shopping …
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Oil prices surged again Friday after foreign producers ignored the Biden administration’s repeated requests to boost output and resolve global shortages. U.S. crude oil surpassed $80 per barrel while the …
- Featured NewsUS and World News
‘That Is Hilarious’: Energy Secretary Cackles When Asked About Rising Gasoline Prices
Energy Secretary Jennifer Granholm laughed out loud when asked during an interview Friday what her plan was to ease gasoline prices nationwide. “That is hilarious,” Granholm laughed when asked by …
- US and World News
Cereal Giant Raises Prices Due To Inflation, Supply Chain Problems And A Labor Strike
Cereal giant Kellogg announced Thursday that it expects to raise prices as inflation, supply chain problems and a recent labor strike boosted the company’s expenses. Nearly 1,500 workers went on …
- US and World News
A ‘Historic, Transformative’ Plan: Schumer Announces Deal To Lower Drug Prices In Spending Package
Senate Majority Leader Chuck Schumer announced Tuesday that Democrats reached an agreement to lower the price of prescription drugs, a key sticking point in their $1.75 trillion social spending package. …
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With the New York Times reporting that “Thanksgiving 2021 could be the most expensive meal in the history of the holiday,” families are also getting crunched on another expense: Gas. Since President Biden …
- US and World News
‘A National Security Issue’: Republicans Take Aim At Democrats Over Rising Gas Prices, Energy Costs
GOP lawmakers have turned up the heat on the Biden administration, repeatedly slamming it for rising energy prices that consumers have experienced recently. House Minority Leader Kevin McCarthy hosted roundtables …
- Business NewsCommunity NewsUS and World News
Gas Soars To $7.59 A Gallon In California Town As Prices Hit Multi-Year Highs Nationwide
The price of gasoline in a remote California town reached $7.59 per gallon this week as energy costs continue to rise nationwide and show no sign of slowing down. The …