Commentary As the national average price of gasoline tops $5 per gallon, there are few reasons for optimism that gas prices will decline any time soon. President Joe Biden, despite his recent remarks, has no good solution at his disposal to temper the rise of gasoline prices. There are many culprits, some economic and others…
What’s Driving Skyhigh Gas Prices, and Is Relief in Sight?
June 10, 2022
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If you are a driver, you have probably been unhappy about how fast gas prices are rising recently. You have probably done multiple Google searches for “gas prices near me” to find the lowest price in your neighborhood. You are probably wondering—and fearful—how high gasoline prices could go before you take your vacation and when…
Gas Prices Unlikely to Fall Soon, but ‘Nothing’ Suggests Oncoming Recession: Yellen
U.S. Treasury Secretary Janet Yellen said Thursday that gas prices, which just reached $5 a gallon in some U.S. states, were unlikely to fall soon. Yellen also said she expected the U.S. economy to “absolutely” slow down amid the Federal Reserve’s rising interest rates, but that there’s “nothing” to suggest the country would face a…
Capitol Report (June 8): Man With Gun Arrested Near Justice Kavanaugh’s Home; 2nd Amendment Roots
June 8, 2022
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An armed man was arrested near Supreme Court Justice Brett Kavanaugh’s home. He allegedly planned to kill Kavanaugh. Recently, there has been an increasing number of threats to Supreme Court justices. The House votes on major gun-control legislation, as families of Uvalde victims testify to Congress and the two parties clash over Second Amendment rights….
Labor Government Says Coal Fired Power Must Be Switched on to Deal With Soaring Energy Costs
June 7, 2022
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The new Australian government has called on the energy producers to bring coal-fired power stations back online as the country continues to look for ways to deal with soaring energy prices. Resources Minister Madeline King told Radio National on June 7 that while meetings with gas producers like Santos had been constructive with some companies already…
White House Conveys to Americans That Gas Prices Are ‘Global Challenge’, Higher in Other Countries
The White House on Monday said that it is “really important” that Americans understand that sky-rocketing gas prices are a “global challenge” while reminding them that the cost of fuel is even higher in countries like Canada and Germany. White House press secretary Karine Jean-Pierre made the remarks during a press briefing when asked if President…
Gas Prices Continue to Surge Higher in Canada, With More Increases Expected Next Week
Gasoline prices continued to trend upward across much of Canada over the weekend and experts warn more increases are coming this week. National average gas prices rose to about $2.06 on Sunday, up almost three cents from the day before and 11 cents higher compared with a week ago, according to the Canadian Automobile Association….
Hitting the Road for Summer Travel? Sticker Shock at the Pump Is Going to Burn: What to Expect
By Amanda Breen With the first day of summer arrived, many hopeful vacationers are considering their options for the season—some enthusiastic about their first real chance at travel after more than two years of pandemic-induced lockdowns and restrictions. But planning that dream trip just got a lot more complicated; between exorbitant airfares, rising vacation rental scams, and, of course,…
Biden Says No Fast Aid for Record Gas Prices
June 2, 2022
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President Joe Biden said on Wednesday it was unlikely his administration would be able to bring down the cost of inflation, including gas and food prices, any time soon. The national average gas price reached a new record on May 17 at $4.67 a gallon, which is 45 cents higher than the price one month…
Biden Says He Won’t Be Able to Bring Down Gas or Food Prices in Near-Term
June 2, 2022
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President Joe Biden said on Wednesday it was unlikely his administration would be able to bring down the cost of inflation, including gas and food prices, any time soon. The national average gas price reached a new record on May 17 at $4.67 a gallon, which is 45 cents higher than the price one month…
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