Alberta’s Finance Minister Travis Toews announced Dec. 20 that the province would suspend the full provincial fuel tax for six months, starting Jan. 1. That means Albertans will save 13 cents per litre on gasoline and diesel for the first half of the new year, Toews said. That’s an estimated $440 total for people driving…
CPI Numbers Reveal Inflation Cooled in November, but Consumer Prices Still Remain Significantly High
December 13, 2022
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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…
Gas on Thanksgiving Was $1.19 Higher Than When Biden Took Office
November 25, 2022
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Average gas priceBusiness & MarketsCalifornia gaseconomic recessioneconomyenergyExecutive Branchgas priceshigh inflationinflationNational average gas pricePoliticsUSUS News
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The gas price for this year’s Thanksgiving was, on average, $1.193 higher than when President Joe Biden assumed office on Jan. 20, 2021, indicating an increase of nearly 50 percent over a period of 22 months. The national regular gasoline price from GasBuddy, as of Nov. 24, was $3.586, compared to $2.393 when Biden was…
Election Day Gas Prices $1.41 Higher Than When Biden Took Office
November 8, 2022
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2022 Midterm ElectionsBiden administraitonBusiness & MarketscongressDemocratsdiesel shortageeconomic policieseconomyenergyExecutive Branchgas pricesinflationMidterm electionsPolicies & ImpactsPoliticsrecessionRepublicansUS
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News Analysis Average U.S. gas prices this Election Day, are $1.41 higher than they were when President Joe Biden took office, a bad sign for the Democrats as voters went to the polls for the midterms. When Biden took office on Jan. 20, 2021, the average price for a regular gallon of gas, stood at…
Biden Says ‘No More Drilling’ at New York Rally Ahead of Midterms
November 7, 2022
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2022 Midterm ElectionsBusiness & Marketseconomyenergygas pricesJoe BidenLocal NewsMarketsMidtermsNew YorkNY Politicsoil drillingPolicies & ImpactsPoliticsRegional-Local NewsUS
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President Joe Biden made an unexpected comment against oil drilling on Sunday while speaking at a rally to support New York’s Democrat governor in her bid to remain in office. Biden blurted out that there would be “no more drilling” during his presidency, after an exchange with a climate protester during a rally to support Gov. Kathy…
Forget Gas Prices—Diesel Reveals the Real Crisis
As the Biden administration continues to drain the United States Strategic Petroleum Reserve (SPR) in a dubious gamble to suppress gas prices and win votes before the midterm elections, another fuel crisis is brewing. While gasoline prices have indeed come down from this summer’s highs, diesel prices remain stubbornly elevated, and, more worrying, U.S. inventories have…
European Gas Declines After Price Cap Proposal
October 21, 2022
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Natural gas prices in Europe fell after the region’s leaders agreed on measures to contain the energy crisis, including a proposal to set price caps. European Union (EU) leaders called on the European Council and the European Commission to “urgently” submit decisions regarding “a temporary dynamic price corridor on natural gas transactions to immediately limit…
Gasoline Prices Are Stubbornly High in Election Swing States as Biden Releases More Oil From Strategic Reserve
October 20, 2022
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2022 Midterm ElectionsBiden administraitonBusiness & MarketsDemocratseconomic policieseconomyenergygas pricesinflationmidterm electionpersonal financePolicies & ImpactsPoliticsrecessionStrategic Petroleum ReserveUS
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Gas prices remain persistently high throughout the United States, as swing-state voters increasingly turn away from the Democrats because of rising fuel costs, three weeks before the midterm elections. The cost of gas is currently higher than at least nine of the last election cycles. Meanwhile, President Joe Biden announced the release of more oil…
Biden Admin Delays Releasing Methane Regulations to Avoid Spiking Gas Prices Before Midterms
October 20, 2022
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The White House is delaying the release of the Environmental Protection Agency’s (EPA) methane regulations amid rising gas prices right before the November midterm elections, according to E&E News. President Joe Biden’s EPA in November began the process to reinstate Obama administration rules that force stricter methane emission limits on new and existing fossil fuel facilities after the president approved the…
Hill GOPers Hammer Biden on Latest Inflation Report; Democrats Want to Change the Subject
October 13, 2022
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Inflation remains high at an 8.5 percent annual rate of increase, according to the last such report to Americans before they vote on Nov. 8, and congressional Republicans appear set to remind them of it every day between now and the election. But even as Hill GOPers issued a blizzard of news releases and Twitter…
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