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“Twitter crushes CNN piece celebrating falling gas prices as ‘$100-a-month-raise’” Twitter went wild over a CNN Business article on Friday spinning recently-lowered gas prices in the country as a “$100-a-month raise.” The piece, written by CNN Business senior writer Chris Isidore, argued that since gas prices have dropped from their record average highs, people should view it…
“Demand for gas drops to lowest levels since early days of COVID-19 pandemic” Gas prices have been declining since mid-June as demand has fallen to levels not seen since the early days of the pandemic, according to AAA. Prices have continuously declined since June 14, when the average price hit a record high of $5.01 per…
“How Congress can rein in gas prices — and unelected bureaucrats” What if Congress could stop President Joe Biden from spiking gas prices? We shouldn’t have to daydream. With the president pursuing a slew of costly mandates and executive actions restricting oil and gas development and driving up energy costs, Republicans must rally behind a dramatically expanded and…
“Walmart warns of lower profit due to food, gas inflation” Walmart on Monday lowered its profit outlook for the second quarter and the full year, citing surging inflation on basics like food that is forcing shoppers to cut back on discretionary items, particularly clothing, that carry higher profit margins. That behavior is forcing the nation’s…
“Small business owners are fighting on New York’s inflation frontline” They cut hours, slashed budgets, raised prices —anything to keep their doors open. There were no extra pots of money and no more government loans. They were small-business owners, and if they’d had good years and not so good years, now they were having a…
“CNBC grills Buttigieg about White House’s gas price ‘victory lap’” CNBC anchor Becky Quick grilled Biden Cabinet member Pete Buttigieg on Wednesday as to whether the White House was premature in “taking a victory lap” over a recent decline in gas prices. Quick asked Buttigieg, the Transportation Secretary, if the White House was prepared to…
“Inflation hits whopping 9.1%, raising risk of 1% interest rate hike” Inflation surged an unexpectedly strong 9.1% last month, raising the risk of even steeper rate hikes from the Federal Reserve as Americans get pummeled by record gas prices, soaring rents and stiff grocery bills. The dismal June reading released by the Labor Department on…
“Biden may lift Chinese tariffs in bid to tackle inflation: report” President Biden is poised to roll back tariffs on some Chinese imports in an effort to slow soaring rates of inflation not seen in the country for decades. A decision by Biden could be announced as soon as this week, according to The Wall…
“Get used to suffering at the pump — it’s Joe Biden’s liberal world order” If you had the unpleasant experience this July Fourth weekend of paying close to $5 for a gallon of gas, you can always comfort yourself with the idea that your pain is for a good cause: the “liberal world order.” So…
“US energy producers roast Biden for demanding companies to lower gas prices” The U.S. Oil & Gas Association took a hit at President Biden after he tweeted on Saturday that “companies running gas stations” should simply “bring down the price you are charging at the pump,” telling him that he should “please make sure the WH intern…