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Surging gas prices have hit American drivers hard — but some much harder than others. For households in the bottom quarter of the income distribution — those earning roughly $40,000 a year or less — commuting fuel costs now consume an average of about 4 percent of their income, according to a Washington Post analysis. For households in the top quarter, earning $100,000 or more, the same costs amount to less than 1 percent. The gap has widened since March, as the U.S. war on Iran escalated and oil shipments through the Strait of Hormuz stalled, with implications for global...

Just finished working my local polling place in PA. Small suburban borough, fairly evenly split. I have worked this district every election for more than 10 years now. Lowest turnout of any election I have ever worked, by far. Democrats turned out at more than 3-1 for this primary in my district.. This was a primary with nothing. Really contested on either side of the aisle, with most races simply having one candidate.. so nothing structurally was driving turnout on either side, so low turnout isn’t surprising… but lowest turnout in over a decade is surprising and democrats turning out...

EPA Administrator Lee Zeldin and Department of Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. announced on Monday efforts to combat per- and polyfluoroalkyl substances (PFAS) during a roundtable.During the roundtable, the EPA proposed advancing a comprehensive, lifecycle-based strategy to address unsafe levels of PFAS, known as "forever chemicals," in drinking water. As part of the new strategy, RFK Jr. announced nearly $1 billion in new funding to states set to address PFAS in drinking water. "EPA and HHS are addressing PFAS at every stage contamination, exposure to treatment, monitoring and long-term research. Americans want honest science, accountability...

The consumer price index rose at a seasonally adjusted 0.6% for the month, putting the one-year pace at 3.8%, the highest since May 2023. Excluding food and energy, the core CPI increased 0.4% and 2.8%, respectively, keeping inflation well above the Federal Reserve's 2% goal. Though energy and in particular gasoline has been much of the headline story, inflation pressures also came from a variety of other areas. The report also contained bad news for workers, as real average hourly wages slipped 0.5% for the month and fell 0.3% annually. "Inflation is the key drag on the U.S. economy now,"...

In a report from The Bulwark on Republican sentiment on soaring gas prices… Cornyn, R-TX, said the hike in gas is a "small price to pay" to continue the war. "If the American people understood," Cornyn said, "they would certainly agree." “After 40 years in public office, John Cornyn still doesn’t understand that working Texans are drowning because DC politicians like him are driving up the cost of everything," said Talarico campaign spokesperson J.T. Ennis in a news release… Cornyn is set to face Attorney General Ken Paxton in a May 26 runoff. The winner of that contest will face...

The national retail average for a regular gallon of gas was $4.457 on Monday. That's a 1-cent increase from Sunday, according to the American Automobile Association, and 35 cents more than last Monday. At this time last year, a gallon of gas was $1.29 cheaper. The surging prices seemed to stabilize or even decrease for about two weeks, following a temporary ceasefire agreement between the U.S. and Iran that has been indefinitely extended. However, the Strait of Hormuz, a vital shipping route where roughly a fifth of the world's oil passes, has effectively remained closed or extremely limited to passage...

Americans are staring at $4+ gas and asking a simple question that should have a simple answer. If the United States is the largest oil producer on Earth, why does it still feel like an oil-importing country every time prices spike? That question matters far beyond the gas station. It cuts straight into inflation, consumer behavior, Fed policy, and where capital flows next. What looks like a pricing anomaly is actually a structural reality that investors ignore at their own risk.This Was Supposed to Be the Easy PartGasoline prices have climbed to an average of roughly $4.26 per gallon, the...

President Donald Trump pushed back Monday on his own energy secretary's claim that a return to $3-a-gallon gas will not come through the end of the year. "No, I think he’s wrong on that, totally wrong," Trump told The Hill on Monday, when asked about Energy Secretary's Christopher Wright's interview with CNN's "State of the Union" on Sunday. Trump remains steadfast in his conviction that gas prices in America are going to drop precipitously "as soon as this ends," referring to the oil blockade in the Strait of Hormuz... "The blockade is very powerful, very strong," Trump added to The...

News of the temporary ceasefire between the United States and Iran immediately sent oil prices tumbling. Within minutes of President Donald Trump announcing an agreement had been reached, crude oil prices had fallen below the $100 mark. About an hour after the announcement, the price of oil had dipped all the way into the $91/barrel range before working its way back up. As of 9 p.m., crude oil was trading around $97/barrel, which was still a $20 drop from its intraday-high. The big question that will be on the minds of drivers will be whether this decline, if it holds...

If the United States is the world’s largest oil producer—in fact, if we are energy independent—then why are we still at the mercy of global events? And how can prices spike instantly when the gasoline in the tank was made from cheaper oil weeks ago? People like easy answers, such as “corporate greed.” That is emotionally satisfying, but it doesn’t tell the full story. What’s happening is a function of global markets, supply chain realities, and predictable patterns in consumer behavior. In fact, much of what we’re seeing is exactly how the system is designed to work. The U.S. leads...

President Donald Trump dismissed concerns about rising gas prices, insisting they’ll be dropping “very soon” once the Iran war wraps up. Trump spoke to reporters at the White House on Tuesday after signing an executive order cracking down on mail-in voting, and when confronted about the sharp rise in gas prices since the strikes against Iran were launched, the president insisted the U.S. will be leaving Iran “very soon.” According to AAA, the national average for gas is around $4. One month ago, it was below $3. The country hasn’t faced a $4 average for gas since 2022, when Russia...

The global energy shock triggered by the ongoing Iran war is rippling through the United States farm sector, where soaring input costs are placing US farmers under severe financial strain and raising concerns about future food prices... The closure and instability around the Strait of Hormuz, a critical artery for global oil and fertilizer shipments, have pushed fuel prices sharply higher and tightened supplies of key agricultural inputs. The result is a double blow for US farmers already dealing with tight margins. Higher input costs reduce profitability, while uncertainty about supply availability complicates planting decisions. In some cases, farmers are...

Iran has likely earned $139 million per day by selling its flagship Iran Light crude so far in March, according to Bloomberg calculations based on export estimates by Tankertrackers.com and prices for Iranian Light. The estimated daily revenues were nearly $25 million higher compared to the average of $115 million daily proceeds from Iranian Light in February, according to Bloomberg's calculations. Iran is benefiting in several ways from the Hormuz crisis. First, its tankers are transiting the Strait of Hormuz while most other Gulf oil supply is still trapped. Then, the massive supply shock from the Middle East has hiked...

Judging by Donald Trump’s outbursts of late, he can’t seem to decide whether reopening the Strait of Hormuz is easy or hard. He also can’t seem to decide whether he needs international allies to help with this urgent task or not. Iran’s blockade on oil shipments exiting the strait—done in response to Trump’s attack—is causing worsening global consequences daily. So it would be useful for Trump to settle these arguments in his own mind already. But Trump’s incoherence on the Strait of Hormuz actually reveals something else, as well: a massive political weakness. .....

Missiles caused 'extensive damage' in Qatar hours after Iran threatened to wage a 'full scale economic war' by attacking energy facilities across the Middle East. Video showed huge explosions in Ras Laffan - the world's biggest natural gas plant - as well as Saudi Arabia's capital Riyadh.Energy sites in Saudi Arabia, the United Arab Emirates and Qatar were evacuated after Tehran warned it would hit them with strikes in 'the coming hours'. Abu Dhabi authorities suspended operations at two of its sites, the Habshan gas facility and at the Bab oil field, after being hit with fallen debris from successful...

This morning I went to buy gas in Los Angeles. The price at the pump per gallon was as follows:Unleaded ... $5.3999Plus ... $5.4999Premium ... $5.5999Yet some people here are complaining about gas in their states being $3.50 or $3.60.

If you've been following coverage of the Trump administration's military action against Iran, you've probably noticed something: A lot of people are determined to convince you that the United States is losing. They're wrong. Even worse, many of them know they're wrong. Critics across the political spectrum — from Democrats to elements of the so-called horseshoe Right — are pushing narratives that paint the conflict as a disaster in the making. The goal is simple: Undermine public confidence and turn what is shaping up as a strategic success into a perceived failure. Three particular claims are circulating widely. All three...

🚨 HOLY CRAP! Trump Interior Sec. Doug Burgum MIC DROPS Gavin Newsom after Gavin blames Trump for his nearly $7 gas prices "That is SOMETHING coming from California! Under Newsom, California used to have 40 refineries. Now they have 8, 2 MORE are CLOSING!" "They're going to be down to 6 with Chevron and Valero closing!" "California is the most energy dependent state in America. 63% of their oil gets imported." "Now they're going to be importing refined product into San Francisco Bay and into Long Beach every day, just to keep their fleet." "They have the largest number of...

Donald Trump's chief of staff Susie Wiles is demanding action to bring gas prices down as the war with Iran sends oil skyrocketing, sources have revealed. Energy Secretary Chris Wright and other top officials, including a council led by Interior Secretary Doug Burgum, 'are getting screamed at to find some good news', industry executives said. Iran has shut the Strait of Hormuz, through which a fifth of the world's oil flows, sending prices soaring more than 10 percent in a single week, with Brent crude jumping from $72 to more than $82 a barrel. The average gas price jumped 11...

California’s already sky-high gas prices are expected to surge after Valero abruptly shuttered its Benicia refinery amid a spiraling “oil crisis,” a new report claims. The Benicia refinery began shutting down on Saturday, four months earlier than planned, a former Valero manager told the California Globe Tuesday. US gas prices: national average of $2.883 with California's average at $4.368, and a legend for retail prices ranging from $2.370 to $4.404. The closure will cause the state’s already sky-high gas prices to soar, a new report said. Thermal imaging showed the facility went cold as the Crimson Pipeline – which transports...