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“More travelers worry about gas prices, inflation than COVID” More Americans are concerned about the impact of record-high gas prices and other forms of inflation-fueled price hikes on their summer travel plans than they are about the ongoing COVID-19 pandemic, according to the results of a survey released Tuesday. Some 90% of Americans said gas…
“Summer fuel shortages could be worse than 1970s oil crisis” The United States and Europe could experience fuel shortages this summer that could be worse than the 1970s oil crisis as demand ramps up for travel season, the head of the International Energy Agency warned. “When the main holiday season starts in Europe and the…
“Beef, chicken prices surge, hit Memorial Day record highs” Americans enjoying their barbecues during the unofficial start of summer this Memorial Day weekend likely paid a premium for ground beef and chicken, according to the latest federal data. Prices for meat rose 0.7% between March and April of this year, the US Department of Agriculture…
“US gas prices hit record highs amid Memorial Day travel” Americans hitting the road on Memorial Day weekend were greeted by record-high gas prices as the average cost of a gallon of fuel hit $4.62 nationwide. Motorists in California were feeling the strongest pinch Monday, with some gas stations in parts of Los Angeles, the…
“Biden’s petro-sadism makes US drivers scream in pain” As Americans start the summer driving season this Memorial Day weekend, they face gasoline prices that are memorable — for all the wrong reasons. A national-average gallon of regular gas cost $2.37 at President Joe Biden’s inauguration. This metric hit an all-time-high $4.60 Thursday, AAA reports —…
“Elon Musk welcomes recession: ‘Bankruptcies need to happen’” Elon Musk believes it would be beneficial for the US economy to go into a recession and that “some bankruptcies need to happen.” Tesla’s billionaire boss said that the domestic economy is in for a “rude awakening.” He also said that working from home has made Americans…
“Team Biden might be purposefully crushing the middle class” Vladimir Lenin supposedly once said, “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” There’s some doubt as to whether this line is genuine; regardless, it seems like a pretty good description of what the Biden administration is…
“Jet fuel prices have doubled ahead of busy summer travel season” The price of jet fuel is twice as much as it was last year, according to federal data – an ominous sign for cash-strapped summer revelers ahead of what is expected to be a busy travel season. The spot price for jet fuel was…
“US economy shrank by 1.5% in first quarter of 2022” The US economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgrade of its previous estimate for the January-March quarter. Last quarter’s drop in the US…
“CNN’s Jake Tapper cuts off Biden adviser who blamed gas prices on Putin” CNN anchor Jake Tapper intervened on Monday after one of President Biden’s top economic advisers sought to blame the record surge in gas prices on Russian President Vladimir Putin’s decision to invade Ukraine. The exchange occurred after Tapper pressed White House National…