Statistics Canada said Tuesday the annual pace of inflation rose in April for the first time since it peaked in June last year. The agency said its consumer price index was up 4.4 percent compared with a year ago, up from a year-over-year increase of 4.3 percent in March. Statistics Canada said the first tick…
Statistics Canada Says the Annual Pace of Inflation Rose to 4.4 Percent in April
Today’s Cheaper Gas Is the Calm Before Next Year’s Storm
Commentary With some regions of America enjoying gasoline prices below $3 a gallon after a summer that saw the national average exceed $5 for the very first time, it’s tempting to lull oneself into thinking cheap gas will last. In fact, it won’t last for very much longer at all, especially with this administration’s never-ending…
French Gasoline Stations Running Dry, 10 Percent in Paris Area Face Supply Problems
October 7, 2022
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Business & MarketseconomyenergyEU energy crisisEuropeFuel shortagesgasoline pricesMarketsstrikes in franceTotalEnergiesWorld
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Gasoline stations in France are facing issues getting enough supplies to meet demand amid a strike announced by workers of energy giant TotalEnergies. “There are temporary problems regarding distribution,” French government spokesman Olivier Veran told RMC Radio and BFMTV. Although 15 percent of the country’s gas stations were experiencing such “temporary difficulties” overall, 90 percent…
Gasoline Prices Keep Climbing, but Retail Gas Station Margins Plunge, With Many Now ‘Under Water’
October 5, 2022
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Business & MarketsCompanieseconomyenergygas stationsgasoline pricesinflationprofit marginsStrategic ReserveUSUS News
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Despite gas prices rising over the past weeks, retail gas stations are seeing their margins decrease, putting a strain on such businesses. The national average price of regular gas, as of Oct. 5, was $3.831 per gallon, up $0.26 from the previous day, $0.66 from a week back, and $0.45 a month ago, according to…
White House Credits Biden’s Jawboning for ‘Historic Decline’ in Gas Prices That Remain 84 Cents Higher Than a Year Ago
August 9, 2022
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Business & Marketseconomic policieseconomyenergyExecutive Branchgasoline pricesinflationJoe BidenPolicies & ImpactsPoliticsUSUS News
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White House Chief of Staff Ron Klain took a victory lap on behalf of President Joe Biden for what Klain described as a “historic decline” in gasoline prices to around $4 per gallon, crediting the president’s get-tough attitude toward U.S. oil producers for the multi-week fall of pump prices. Klain made the remarks in an…
Joe Biden Discovers the Realist Case for the US-Saudi Alliance
Commentary President Joe Biden, who faces four-decade-high inflation and record-high gasoline prices, is set to depart for the Middle East this week. As part of his trip, he will visit the Kingdom of Saudi Arabia. He may not explicitly beseech the kingdom’s precocious crown prince, Mohammed bin Salman (MBS), for an increase in oil output,…
The Sky-High Gas Prices Biden Has Wanted All Along
Commentary Joe Biden is a real pain in the pump. Yet, you’ve probably heard President Biden say it seemingly 100 times: “I’m doing everything I can to bring down gas prices.” Sure you are, Joe. When you came into office, the prices at the pump averaged $2.49 a gallon and now, we are at $5.01…
Gas Prices Near $6 a Gallon in Washington, Prices Remain Elevated Nationwide
Gas prices in the state of Washington are hovering near $6 per gallon, with prices in other states also rising, putting further pressure on the budgets of American citizens. The average price of regular gas in Washington was $5.529 per gallon as of June 10, according to data from the American Automobile Association (AAA). In…
Biden Officials Acknowledge Inflation Pain, Vow Action to Tame Soaring Prices
Senior Biden administration officials have acknowledged that soaring prices are hurting U.S. households, while promising action to tame runaway inflation that they admitted has persisted longer than anticipated. In separate interviews, Commerce Secretary Gina Raimondo and Transportation Secretary Pete Buttigieg conceded that Americans were feeling the pain from inflation, which has been running at a 40-year high….
Gasoline Prices Now Double What They Were When Biden Was Inaugurated
June 4, 2022
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Business & EconomycommoditiesDoubleeconomyExecutive Branchgasoline pricesinflationJoe BidenMarketsPoliticsUSUS News
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Soaring gasoline prices in the United States have just hit a politically-charged milestone—they’re now double what they were when President Joe Biden took office. The average retail price of regular-grade gasoline climbed to its highest recorded price of $4.819 per gallon on June 4, according to the American Automobile Association (AAA). Besides setting a new…
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