Tag: gas prices

Gas prices: OPEC+ weighs large oil production cutback, a move that could raise costs at the pump!

admin

Frankfurt, Germany — The OPEC+ alliance of oil-exporting nations decided on Wednesday to sharply cut production to support a slump in oil prices, a move that could deal another blow to the faltering global economy and raise politically sensitive pump prices for US drivers ahead of key national elections. Energy ministers cut production more than expected by 2 million barrels per day starting in November after their first face-to-face meeting at the Organization of the Petroleum Exporting Countries’ headquarters in Vienna since the COVID-19 pandemic began. The group said the…

Read More

US gas prices tick up, ending 99-day streak of lower costs!

admin

The 99-day slump in gasoline prices – a streak that gave consumers a glimmer of hope that smoldering inflation might subside – is over, with pump prices still much higher than they were a year ago. The national average price of a gallon rose by less than a penny on Wednesday, to $3.68 a gallon, according to the AAA. This is below the record average of $5.02 in mid-June. The question now is whether Wednesday’s surge was just a passing picture or a prelude to a return to high prices.…

Read More

President Joe Biden’s popularity improved substantially from his lowest point this summer: : AP-NORC poll!

admin

President Joe Biden’s popularity has improved dramatically from its lowest point this summer, but concerns about his handling of the economy remain, according to an Associated Press-Public Affairs Research poll. Support for Biden rebounded from 36% in July to 45%, driven in large part by a rebound in support from Democrats just two months before the November midterm elections. During the bleak summer months when gasoline prices peaked and lawmakers seemed to be deadlocked, Democrats faced the prospect of heavy losses against Republicans. They look better after a string of…

Read More

Inflation Rate: US economy will likely need drastic action from the Federal Reserve as food and shelter prices soar!

admin

New York City — Inflation in the US is showing signs of entering a more stubborn phase that will likely require tough action by the Federal Reserve, a shift that has panicked financial markets and raised the risks of a recession. Some of the old drivers of high inflation—rising gas prices, the hustle of supply chains, and soaring used-car prices—are fading. However, basic measures of inflation are actually getting worse. The continuing development of the forces behind the inflation rate, which is approaching its highest level in four decades, has…

Read More

Houston crime: HPD looking for suspects who stole 5,000 gallons of diesel from business on SH 6 in July!

admin

Houston, Texas (KTRK) – Houston police are looking for two suspects who said they stole 5,000 gallons of diesel over a four-day period. The video above is live 24/7 on ABC13. On Tuesday, the Houston Police Department published pictures of the suspicious vehicles on Twitter. “Help us find these suspicious vehicles in a felony theft investigation,” HPD wrote on Twitter. Police said the accidents occurred in a commercial building in District 800 of Interstate 6 in the South State within four days in July. The vehicles suspected of involvement are…

Read More

Kinder Bueno is giving away gas money for late summer road trips

admin

With July (largely) winding down, we’re heading towards the end of summer and that means it’s time for our late summer road trips. Except this year, fuel prices have been significantly higher than normal, something for many that puts a damper on normal everyday driving, not to mention those often eagerly anticipated summer trips. Now, however, Kinder Bueno is trying to improve things a bit by donating gas money — and chocolate — to those looking to hit the open road as summer approaches. The brand recently announced its Summer…

Read More