Gas prices dropped 10.4 cents in the past week, which makes it the third straight week that the price at the pump has fallen. GasBuddy compiled the data: For the third straight week, the nation’s average gas price has declined, falling 10.4 cents from a week ago to $4.78 per …
Read More »Veterans of Carter-Era Inflation Warn That Biden Has Few Tools to Tame Prices
WASHINGTON — When inflation surged in the late 1970s, President Jimmy Carter convened his top economic advisers for weekly lunch meetings in which they tended to offer overly optimistic forecasts of how high prices would rise. But the political consequences of rising prices could not be escaped: By 1978, Democrats …
Read More »Biden On How Long Americans Can Expect To Pay High Gas Prices – ‘As Long As It Takes’
President Joe Biden, when asked by a reporter how long he thinks it’d be fair for Americans to pay higher gas prices due to the war in Ukraine, said: “As long as it takes.” White House correspondent for The New York Times, Jim Tankersley, queried the President on the administration’s …
Read More »Sri Lanka hikes fuel prices as it faces economic collapse
The move comes a day after the energy minister said there would be an indefinite delay in getting new shipments of oil. Sri Lanka has raised its fuel prices, causing further pain for people as officials from the United States arrived for talks in an effort to support the island …
Read More »Analysis: Energy prices are causing chaos in Asia. Here’s why the rest of the world should worry
These are just some of the more eye-catching scenes playing out in the Asia Pacific region, where various countries are facing their worst energy crisis in years — and grappling with the growing discontent and instability caused by knock-on increases in the cost of living. In Sri Lanka and Pakistan, …
Read More »Biden’s Abuse Of The Defense Production Act Will Drive Gas Prices Even Higher
By Jason Isaac for RealClearPolicy Gas prices have driven many a voter to the polls in our nation’s history, but Americans are feeling pain at the pump now more than ever as the average national gas price breached $5 for the first time in history. President Biden is busying himself with …
Read More »A glimmer of hope for food prices? Indonesia lifts palm oil export ban
President Joko Widodo said in a statement on Thursday that he had made the decision “based on the current supply and price of cooking oil” and in consideration of the 17 million workers employed in the Indonesian palm oil industry. Indonesia accounts for nearly 60% of global palm oil production. …
Read More »India bans wheat exports as heat wave hurts crop, domestic prices soar | CNN Business
India banned wheat exports on Saturday — days after saying it was targeting record shipments this year — as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries …
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