As oil prices surge amid the U.S.’s continuing war on Iran, a new government report suggests it could be several months — and perhaps even years — before the cost of consumer-grade gasoline drops below $3 per gallon again. As of Thursday morning, the average price of regular grade gasoline is $3.884 per gallon, a 32 percent increase from where costs were just a week before the start of the…
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The Trump administration is seeking a whopping $200 billion supplement for the U.S. and Israel’s war on Iran, asking for Congress to shell out taxpayer money for a historically unpopular war that is already causing major price hikes that will only worsen as the war goes on. The Washington Post first reported the request to Congress, citing a senior administration official and three other…
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With Big Oil poised to profit from a price spike driven by the US-Israeli war on Iran, congressional Democrats on Wednesday revived an excise tax that proponents say would put money back in the pockets of struggling American workers. Sen. Sheldon Whitehouse (D-RI) and Rep. Ro Khanna (D-Calif.) reintroduced the Big Oil Windfall Profits Tax Act “to curb profiteering by oil companies and provide…
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President Donald Trump is downplaying Americans’ concerns about rising oil and gas prices as a result of the U.S.-Israel war on Iran, claiming in a recent social media post that the price increases would somehow benefit the U.S. “The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” Trump claimed in a Truth Social post on…
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A new monthly jobs report from the Bureau of Labor Statistics (BLS) points to troubling signs for the so-called “Trump Economy.” According to the agency’s February jobs report, which was released late last week, the total number of jobs in the U.S. dropped by 92,000 for the month. The BLS report also included updates for the previous two months, showing downward revisions of 65,000…
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President Donald Trump is continuing to peddle the baseless claim that his administration is delivering “economic relief” for Americans — even as prices of consumer goods are rising and polling shows that a majority of Americans are concerned about food and travel costs this Thanksgiving. On Monday, the White House announced that the “worst inflation crisis” from the Biden administration is…
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