Two-thirds of Canadian drivers are forgoing a summer road trip due to soaring gas prices, according to a recent survey. Conducted for the Tire and Rubber Association of Canada (TRAC), the survey found that 66 percent of drivers say high fuel prices will force them to cancel or limit road trips this summer. That number climbs…
Canadians Cancelling Their Summer Road Trips Due to Soaring Gas Prices: Survey
Elon Musk: Deal to Buy Twitter on Hold; Democrats Look to Cap the Price of Gas | NTD Business
Elon Musk putting his deal to buy Twitter on hold. What’s the reason he gave, and what does it mean for the deal? Some Democrat lawmakers want to pass a bill to stop gas prices from rising too much. Would it work? A university agrees to a million-dollar-plus settlement, after students sue it for the quality of its online…
Higher Gas Prices Result in $160 Billion More Spent on Gasoline: Report
Retail gasoline prices have risen by $1.40 per gallon on average nationwide over the past year, squeezing consumer budgets and limiting spending on non-energy items. “If sustained, consumers will shell out nearly $160bn more for gasoline relative to last year,” a new report by Deutsche Bank says. Pump prices continue to soar, reaching another all-time high…
Biden Admin Cancels Major Oil and Gas Lease Sales Amid Soaring Gas Prices
The Biden administration has canceled the sales of three major offshore oil leases in the Gulf of Mexico and off the coast of Alaska, blocking the opportunity to drill for oil in over 1 million acres amid soaring gas prices in the United States. The Interior Department said that due to “lack of industry interest in…
US Gasoline Prices Hit New Record High
Gas prices in the United States hit a record high on Tuesday as crude oil continues to remain above $100 per barrel, with some states seeing prices above $5 per gallon. The average price for regular unleaded gas on May 10 was $4.374 per gallon, beating the earlier record of $4.331 per gallon set on…
Amid High Living Costs, the Party With Policies ‘Closer to Reality’ Will Win Next Ontario Election: Affordability Advocate
With rampant inflation and high fuel prices, the party with policies closest to addressing the realities of rising affordability issues will triumph in the upcoming Ontario election, says former Liberal MP Dan McTeague. McTeague, now president of Canadians for Affordable Energy, said that the pocketbook issues have become “extraordinarily important” and “extraordinarily pressing” for all…
Amid High Living Costs, the Party With Policies ‘Closer to Reality’ Will Win the Ontario Election: Affordability Advocate
With rampant inflation and high fuel prices, the party with policies closest to addressing the realities of rising affordability issues will triumph in the upcoming Ontario election, says president of Canadians for Affordable Energy Dan McTeague. McTeague, a former Liberal MP, said pocketbook issues have become “extraordinarily important” and “extraordinarily pressing” for all levels of government…
Grid Operators Warn of Power Shortages; Wall St Sells Off, S&P 500 Ends Below 4,000 | NTD Business
It’s a red day on Wall Street, and markets are falling again. The Nasdaq has now wiped out a year and a half of gains. Russia threatens Elon Musk for helping Ukraine. But Ukrainain forces say his support changed the course of the war. There are power shortage warnings across the United States. Grid operators…
US Gas Prices Jump Again to Near Record Highs
May 9, 2022
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Gas prices in America are once again moving along an upward trajectory, with Monday’s prices coming close to the record high seen in March. The average price of regular unleaded gas was $4.328 per gallon as of May 9, according to the American Automobile Association (AAA). The highest recorded average price was $4.331 per gallon…
Capitol Report (April 28): Economy Shrinks 1.4% in First Quarter
April 28, 2022
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The economy is shrinking, according to data. This, coupled with red hot inflation and soaring gas prices, is ramping up pressure on the White House and Congress to act. What are they doing about it? President Joe Biden announces another request for funding for Ukraine. The latest amount stands at about $33 billion for the…
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