The London-based oil behemoth Shell reported Thursday that its net profit more than doubled in the second quarter of this year compared to the same period in 2025 as the Iran war pushed up energy prices, causing pain for consumers in the United Kingdom and around the world. “These profits have been built on an energy crisis that’s left households across the country struggling with high energy…
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During a press conference on Tuesday, House Majority Leader Steve Scalise (R-Louisiana) claimed that the economy is improving, citing lower costs for gasoline compared to earlier this month. “This is a country that’s actually experiencing a golden age again,” said Scalise, the second-highest ranking Republican in the House of Representatives. “I mean, gas prices are down 50 cents from where…
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On Wednesday, President Donald Trump shrugged off a federal report showing that inflation in the U.S. has reached its highest levels since 2023, telling reporters in the Oval Office that he “loves[s] the inflation.” The monthly Consumer Price Index (CPI) report released by the Bureau of Labor Statistics (BLS) indicated that inflation went up by 4.2 percent over the past year.
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Congressional Republicans had been hoping their political standing would improve this spring when American voters received larger refunds thanks to changes in US tax law made under the One Big Beautiful Bill Act. However, The Financial Times reported on Tuesday that much of the projected fiscal stimulus from the larger refunds has already been swallowed up by the rise in gas and energy prices…
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As Americans struggle to afford rising prices at gas pumps across the U.S., President Donald Trump is promoting the idea of a federal gas tax “holiday” — but experts widely agree that the best way to lower gas prices is to end the war on Iran. As of Wednesday, prices for regular grade gasoline stood at $4.511 per gallon, on average, across the country. That number is nearly 54 percent higher…
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On Sunday, Transportation Secretary Sean Duffy baselessly assured Americans that gas prices would be lowered immediately upon resumption of oil shipments through the Strait of Hormuz, which have been severely restricted due to the U.S. and Israel’s war on Iran. Duffy’s claim, however, contradicts public reports from other agencies within the Trump administration, which have noted that…
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