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The national average of gas prices could drop to the lowest level around Thanksgiving in years, according to new estimates. On Monday, AAA reported that the average national price of gas was about $3.31 per gallon — nearly a 10 percent decrease from last year’s average of $3.67 per gallon during the same period. The national average…
Republicans say they have a good argument to make when it comes to this classic election question: Are you better off than you were four years ago? Inflation is high, crime is up, stocks are flat or falling and immigration is out of control, GOP operatives say. But Democrats — and even some Republicans —…
Newsom gets big win: California Senate approves first-of-its-kind ‘price gouging’ bill California lawmakers voted on Thursday to advance a bill that would penalize oil companies for “price gouging” — a first-of-its-kind legislation pushed forward in recent months by Gov. Gavin Newsom (D). The SBX1-2 bill, sponsored by state Sen. Nancy Skinner (D), received the approval of…
The Hill’s Morning Report — US joins Germany to send tanks to Ukraine Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and…
Seriously low diesel supply threatens to worsen inflation A seriously low U.S. and global diesel supply is likely to drive up fuel costs and worsen inflation, raising concerns as the cold weather months approach. “The national numbers for distillates are pretty tight,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “It’s uncomfortable. That doesn’t…
Biden appeals for 2022 support in Pennsylvania: ‘Everything’s at stake’ President Biden and Vice President Harris on Friday made a rare joint appearance on the campaign trail to boost the Democratic ticket in Pennsylvania, where Senate candidate John Fetterman’s race could determine control of the chamber for the next two years. Biden argued Democrats had…
Biden touts federal deficit: ‘Largest one-year drop in American history’ President Biden on Friday touted recent figures showing the federal budget deficit fell by $1.4 trillion in fiscal year 2022 from the prior year’s levels, as Democrats work to fend off Republican attacks on the economy and inflation ahead of midterm elections. Biden boasted the…
“Joe Biden’s Saudi state of affairs” Leaving aside Joe Biden’s ridiculous denial about inflation and his Walter Mittyesque claims to having been there and done that, he still managed to hit a new low last week. If Congress plays by the rules it followed during Donald Trump’s presidency, Biden committed an impeachable offense. And he…
“No, Biden, the discussion about climate change hasn’t ‘ended’” The President threw some serious political shade in Florida this week. Standing in front of Governor DeSantis, President Biden was meant to be participating in a bipartisan show of support for those affected by Hurricane Ian. Only for the President to suddenly say, “The one thing…
“Inflation hits 8.3% in August as Fed mulls super-size rate hike” US inflation rose by a higher-than-expected 8.3% in August despite falling gasoline prices — adding pressure on the Federal Reserve as it decides whether to impose another super-size interest rate hike. The August reading of the Labor Department’s Consumer Price Index, a closely watched…