Inflation in the United States remains high at an 8.5 percent annual rate, according to the last such report that Americans will see before they vote on Nov. 8, and congressional Republicans appear set to remind them of it every day between now and Election Day. But even as GOP lawmakers issued a blizzard of…
GOP Lawmakers Hammer Biden on Latest Inflation Report; Democrats Want to Change Subject
October 13, 2022
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Profits Tax on Gas in California Would Raise Prices Even Higher
October 11, 2022
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Commentary I’ve been dreading getting into my creaking 2010 Camry lately when it needs a fill-up. Prices in Orange County and across the state are soaring toward $7 a gallon. As of the morning of Oct. 11, GasBuddy.com pegs California’s average price at $6.29 a gallon. Orange County is a little lower, at $6.27. But…
Valero’s Scorching Response to California’s Claims That Big Oil Is Price Gouging
October 10, 2022
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Valero Energy Corp. has responded to the California’s Energy Commission’s (CEC) accusatory letter which claimed that the oil industry raised prices in California while global crude prices declined, and in the absence of any unplanned refinery outages, and no increases in state taxes or fees. “[C]rude oil prices are down and industry profits are up,…
Secret List of Documents Seized From Mar-a-Lago Released Online; Gas Prices to Rise as OPEC Cuts Oil | NTD Evening News
A secret list detailing some of the documents seized from former President Donald Trump was released online overnight, even though a judge ordered the list to remain under seal. Gas prices are expected to go up again after the the OPEC+ group announced on Oct. 5 that it is cutting oil production. * Click the…
Industry Insiders on Real Story Behind High Gas Prices: Structural Problems, Hostile Policies, and Inaction
October 5, 2022
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Business & MarketsCompaniesDan KisheconomyenergyExecutive Branchgas pricesinflationJohn Catsimatidisoil refineryPolicies & ImpactsPoliticsrecessionstructural problemUSUS News
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High gas prices in America are caused by a mismatch between U.S. oil production and refining, bad policies or political hostility, and the Biden administration’s inaction, according to experts and oil industry insiders. Inflation in the United States has been running high since March when the yearly Consumer Price Index (CPI) reached 8.5 percent, the…
Newsom Calls for Taxing Oil Companies During Fuel Crisis
October 5, 2022
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Gov. Gavin Newsom is calling on state lawmakers to impose a new tax on oil companies as gas prices continue to escalate in California, but industry experts say the tax would add more cost for consumers and could destabilize oil businesses. Prices at the pump in the Golden State are the highest in the nation,…
Gasoline Prices Continue to Climb on Tighter Supply, Higher Demand
October 1, 2022
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Gas prices across the United States have risen for ten days in a row, as gas prices hit over $6 a gallon in California. The price of gas has been rising since Sept. 21, after less than 100 days of declines during the peak summer season. The national average gas price was at $3.797 a gallon on…
California Gas Prices Rise to New Records as Supply Shortages Persist
September 30, 2022
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Refinery shutdowns and production problems across California are causing a spike in the state’s gas prices—as much as 15 cents a day. Californians were paying $6.29 on average, as of Sept. 30, for a gallon of gas—about 66 percent more than the national average of $3.80, according to the Automobile Club of Southern California. Local…
Biden Administration Releases $1.5 Billion for Electric Vehicle Charging Stations Along Highways
All 50 states in the United States received final approval Tuesday to begin construction on a nationwide network of thousands of electric vehicle (EV) chargers covering approximately 75,000 miles of highway across the country. The Transportation Department said in a press release that it has approved the Electric Vehicle Infrastructure Deployment Plans from the last set of 17…
The Ever-Increasing Cost of Driving Limits Personal Mobility: Report
Vehicle ownership and personal mobility have become an expensive endeavor in 2022. The average price of a new car in the United States is now around $48,300, the highest on record. The surge in car prices combined with large cost hikes in fuel, insurance, and maintenance over the past year have drastically increased the total cost…
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