Category: energy costs

Gas Price Data, Critics Dispute Schumer Claim Democrats Have Lowered Energy Costs

June 16, 2023
CPIenergy costsgas pricesinflationPolicies & ImpactsPoliticsSenate Majority Leader Chuck SchumerUncategorizedUS
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When Senate Majority Leader Chuck Schumer (D-N.Y.) told journalists after the June 13 party caucus meetings that Democrats under President Joe Biden have “lowered energy costs,” none of the listening scribes challenged the New Yorker to document his claim. Schumer’s comment about energy costs came in a series of similar cost-cutting claims he made on…

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CPI Numbers Reveal Inflation Cooled in November, but Consumer Prices Still Remain Significantly High

December 13, 2022
Business & Marketsconsumer price index (CPI)economyenergy costsfed ratesfood pricesgas priceshigh inflationinflationMarketsUS
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The Consumer Price Index (CPI) released today shows that average prices for goods went up 0.1 percent in November compared to October, and increased 7.1 percent on an annual basis, revealing a cooling down of inflationary expansion as expected by economists even as prices persist at decades-high levels. The CPI, the most widely adopted inflation…

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‘A Mild Winter Alone Can’t Save’ Europe, Energy Crisis Accelerates Region’s Deindustrialization

November 2, 2022
Business & MarketsDe-Industrializationeconomyenergyenergy costsEU energy crisisEuropeeurope energy crisisEurope energy pricesrecessionWorld
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Europe’s energy crisis is now threatening to ramp up deindustrialization on the continent as many firms face persistent struggles with high energy costs. Russia’s war against Ukraine and Moscow’s subsequent decision to cut energy supply to Europe has compromised the region’s energy security situation, pushing up fuel costs for commercial entities. Companies in Europe are…

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Capitol Report (Oct. 20): Mike Pence on Supporting Trump in 2024; Home Sales Fall for 8 Straight Months

October 20, 2022
Arizonabidenborder crisisCapitol ReportDepartment of Justiceenergy costsEpochTVfentanylinfrastructureMike PenceTrumpUSUS News
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President Joe Biden is in Pennsylvania touting infrastructure investments and raising money for John Fetterman. Lawmakers react to Biden’s latest moves on oil policy. Rep. Gary Palmer (R-Ala.) joins us to discuss the high energy costs and what’s behind them. Arizona refers a voter intimidation report to the Department of Justice. The voter claims to…

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Inflation Drives More Americans to Skip Bill Payments: Bank of America

September 28, 2022
Business & Marketseconomyenergyenergy costshigh inflationinflationpersonal financeUSUS Newsutility payments
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Out-of-control inflation is now forcing a significant proportion of Americans to skip their utility payments, according to Bank of America (BoA). “Around 17 percent of households had either missed or made a late payment. For households with income below $50K, the proportion rises to 25 percent,” BoA said in a Sept. 23 report detailing the…

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Denying Access to Energy: The New Normal?

September 16, 2022
climate changeenergy accessenergy costsenergy transitionfossil fuelsOpinionRenewable EnergyViewpoints
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Commentary Whether it’s a hot Colorado summer or a cold United Kingdom winter, the misery of “green” policies becomes an everyday reality as hapless consumers are denied access to energy. When state lawmakers and energy providers choose to increase “renewable” technologies in their energy mix, the inevitable results are grid instability, power shortages, higher prices, and a whole lot of…

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Ottawa Announces $250 Million in Home Heating Help, With Eye on Atlantic Canada

September 15, 2022
Atlantic CanadaCanadaenergy costsEnvironment MinisterWorld
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Federal Environment Minister Steven Guilbeault today announced up to $250 million over four years to help Canadians with home heating, with nearly half the money targeted for Atlantic Canada. Guilbeault says about $120 million of the funding will go to the four Atlantic provinces, which have raised concerns around energy costs associated with Ottawa’s carbon pricing plan. The federal government says that with…

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Winter Gas Shortages in Europe Likely to Last 3–5 Years, Says Commodities Expert

September 8, 2022
Business & Marketseconomyenergyenergy costsenergy crisisEuropeeuropean sanctions on russiagas shortageGerman energy crisisinflationRussian Oil TradeWorld
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Europe, which is currently reeling under an energy crisis, could see winter gas shortages last another three years at a minimum according to Ed Morse, global head of commodities research at Citigroup Inc. “It’ll be somewhere between 2025 and 2027 that we’ll see the prices in Europe coming back to where they were at the…

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For Voters, Energy Concerns Trump Climate Catastrophe, New Survey Shows

May 11, 2022
energy costsOpinionUncategorizedViewpoints
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Commentary The inflation rate in the United States is the highest it has been in more than 40 years. Most Americans have never experienced the drop in buying power they’re currently facing. Historically high (and rising) energy prices are producing a ripple effect throughout the economy, significantly increasing the prices of food and other essential…

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US Gas Prices Up Again Due to Low Supply, High Crude Oil Costs

May 2, 2022
Business & Economycommoditieseconomyenergy costshigh gas pricesinflationMarketsoil pricesUncategorizedUS
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Gasoline prices rose again across the United States, mainly due to the rising cost of crude oil, AAA announced on May 2. The national average for a gallon of gas on May 2 was $4.19, a weekly increase of 7 cents per gallon from April 29 and a year-over-year increase of $1.29 per gallon, AAA reported….

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