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    President Joe Biden issued a vociferous warning to oil and gas executives that they should not use Hurricane Ian as an excuse to raise gasoline prices. Gasoline prices have fallen sharply since hitting a high at the beginning of the summer, but the president sees a risk that companies might use disruptions in production as an “excuse” to raise those prices. On Wednesday morning, Biden delivered remarks at the White House Conference on Hunger, Nutrition, and Health, but led off his speech with some updates about preparations for the hurricane. I want to add one more warning. That’s warning to the oil and gas industry executives. Do not, let me repeat: do not! Do not use this as an excuse to raise gasoline prices or gouge the American people. The price of oil has stayed relatively low. It kept going down. The price of gas should be going down as well. My experts informed me that production of only about 190,000 barrels a day has been impacted by the storm thus far. That’s less than 2% of the United States...
    President Joe Biden on Wednesday warned oil and gas companies not to use Hurricane Ian as an 'excuse' to raise prices at the pump.  The president opened up his remarks at the White House Conference on Hunger, Nutrition, and Health Wednesday morning by asking Floridians to abide by evacuation orders as the Category 4 storm approaches the gulf shoreline.  'And if you forgive me I want to add one more warning,' Biden said. 'That's a warning to the oil and gas industry executives: Do no, let me repeat, do not, do not use this as an excuse to raise gasoline prices or gouge the American people.'  President Joe Biden on Wednesday warned oil and gas companies not to use Hurricane Ian as an 'excuse' to raise prices at the pump
    President Joe Biden on Monday slammed companies for keeping prices high, and demanded that gas stations, banks and cell phone services reduce costs for families who are struggling with record levels of inflation. The economic crisis has dogged Biden's administration as Democrats look to hang on to the House and the Senate in November's midterm elections.   During a White House meeting, Biden singled out 'junk fees' such as bank overdraft charges and and cell phone termination charges for causing economic pain.  And he had a special message for gas companies.  'My message is simple…Bring down the prices you're charging at the pump,' he said during a meeting of his White House Competition Council. 'Do it now… Not a month from now. Do it now.' He said that he was tasking his council to come up with ways to encourage competition and reduce fees. In particular, he focused on overdraft fees from banks, termination fees from cell phone companies and airline rebooking fees.  President Joe Biden on Monday demanded that gas stations, banks and cell phone services reduce costs for families...
    Los Angeles County’s average gas price continued to rise Monday as a gallon of regular fuel hit $5.84, up 5 centsfrom the day before, American Automobile Assn. data show. After gas prices declined for 98 days in a row, the trend reversed course last week amid supply issues due to snags at refineries across the West Coast and Midwest, according to AAA. The nationwide average for a gallon of regular increased by 1 cent to $3.72 Monday — down from the record $5.02 in June but still higher than the $3.19 a gallon the year before. In L.A. County, the average price for regular fuel was $5.43 a gallon a week ago and $4.41 this time last year. The highest price recorded for regular fuel in the county was $6.46 a gallon in mid-June. The rise in gas prices comes as Californians who qualify for the gas price relief program prepare to receive one-time payments of up to $1,050 between next month and January. California California taxpayers are about to get gas refunds. What you...
    The average price for a gallon of gas in the US has risen for a fifth day in a row after interest rates set by the Federal Reserve increased to 3.25 percent amid fears of a global recession. On Sunday, the price of a gallon of gas was benchmarked at $3.714 a gallon, the AAA reported. Oil prices have only gone up since Wednesday morning, when the price per gallon dramatically increased to $3.681 per gallon from $3.674 a day earlier. A 99-day run of falling gasoline prices — a streak that gave consumers a glimmer of hope that red-hot inflation might be cooling — ended last week, with pump prices still much higher than a year ago. The nationwide average price for a gallon ticked up less than a penny on September 20, to $3.68 a gallon, according to AAA. That's down from the record $5.02 average in mid-June. America's gas prices rose for the fifth day in a row time to $3.71 on Sunday, a little more than a week after the country's gas prices rose for the first...
    MOST drivers fill their cars with gas and don’t think about how their fuel pump automatically shuts off. But a fascinating design helps gas pumps achieve this convenient automated response. 2Gas pump mechanics are mechanical and more straightforward than you may imagineCredit: YouTube/Steve Mould A gas pump’s operation is entirely mechanical. When you pull on a gas pump’s handle, a lever opens a valve within the handle allowing fuel to flow into and through a thin tube to your tank. The end of this tube is open, which causes air to move back into the gas pump during a refill, Steve Mould reports. Once your gas tank is filled, the tube starts sucking in gas instead of air. READ MORE ON CAR EXPLAINERSRECALL RECAP What should you do when your car is recalled?WEATHER REPORT What should you do if you’re driving during a thunderstorm and heavy rain? Since fuel is more challenging for this tube to inhale, a chamber within the gas pump feels a wave of negative pressure. This negative pressure is designed to reverse all the pump’s previous movements, causing...
    America's gas prices rose for the first time in nearly 100 days Wednesday, putting an end to a historic streak of falling prices driven by stronger supply and weaker demand for fuel. The 99-day decline - spurred by ongoing supply chain woes and the war between oil-rich Russia and Ukraine - saw prices rise to as high as $10 in some states, and a record national average of $5.02 in June. Pump prices have fallen ever since, plummeting for 99 consecutive days to $3.67 on Tuesday - a more than 26 percent decrease. On Wednesday, however, that reduction reversed, rising by a faction of a cent to $3.68 per gallon, sparking fears that ongoing inflation is here to stay, as the Fed prepare to hike rates by another .75 - the fourth such increase this year. The hike, while marginal, puts an end the second-longest such streak in American history, going back to 2005.  The increase could also mitigate the Fed's efforts - and anticipated pullback in inflation - over the coming months, experts say particularly when combined with rising heating oil and energy...
    The question of whether you should leave your car on whilst pumping gas is a hotly debated topic worldwide. Is it safe? Is it even legal? Here's what you need to know. 1It is highly recommended you don't pump gas with your car onCredit: Reuters Can you pump gas with the car on? Technically, you can pump gas with the car on. Indeed, directing gas into a fuel tank while a car is running is not dangerous - as long as there isn’t a spark nearby.  Statistical probability of it causing a fire by putting gas in your ignited car is negligible. Look at Formula 1 races. Pit crews are seen refueling with the engines still on. READ MORE IN MOTORS NEWSLANE IN THE A**E Moment driver pulls out on car & thinks he's a hero - viewers are dividedMISSED A SPOT Watch as BMW is written off at car wash after getting stuck in reverse But gas stations are determined to warn customers to switch their engines off before pumping gas into the vehicle, and there are a...
    THE first ‘World Gas Pumping Champion’ was crowned after four championship rounds held in London on August 31st. This competition’s stages tested participants’ speed, endurance, precision, and stamina. 4Former F1 driver, Karun Chandhok, hosting BonusFinder’s World Gas Pumping Championships for 2022 in LondonCredit: Joe Pepler/PinPep The Speed Pumping Round tested to see who could pump exactly £10 [around $12.] There were no limits to the number of pumps competitors could use during the Speed Round. This event’s Pound-by-Pound Challenge upped the ante by asking contestants to use one pump to hit £1 - £5 increments. The World Gas Pumping Championships’ Blindfold Round examined participants’ ability to pump as close to £5 [$6] while blindfolded. READ MORE ON CAR NEWSHACKER’S HEAVEN Hackers are targeting electric car charging stations - power grid’s at riskBURNED OUT ‘Deadly’ street takeovers are all over Chicago - police plan to be ‘relentless’ Last but not least was the Celebrating 2022 round, where contenders tried to land as close as they could to £20.22 in one pump. Joe Chapman from Peterborough, England, was awarded this new gas competition’s championship title....
    With inflation still a top issue ahead of the 2022 midterm elections, Democrats have found an unconventional—and potentially risky—place to go on the offensive: the gas pump. Gas stations across the country have already become a partisan battleground, with Republicans mockingly affixing stickers of President Joe Biden on the pump seemingly taking credit for whatever the price is on any given day. But politicians are increasingly using the idle time consumers use to fill up their tanks to hit them with an unexpected political ad. “It's a captive audience,” a Democratic campaign consultant told The Daily Beast, requesting anonymity because they were not authorized to speak on behalf of their candidates. “I mean, everyone—rich, poor, in the middle—needs to buy gas, and for a relatively low cost, you can hold their attention while they're standing at the pump.” The gas station consoles also allow campaigns to re-run ads they’ve already paid for on social media and TV, the campaign consultant explained. And they offer a significant savings when replacing TV ads, especially in a large metro area, where pricing is...
    By Todd Woody | Bloomberg Living on a warming planet requires protecting your home from threats exacerbated by climate change. But protection doesn’t only mean playing defense: In addition to anticipating extreme weather or wildfire threats, for example, homeowners can make proactive upgrades to save themselves headaches and money, and to avoid unnecessary emissions. Here are five ways you can think about climate-proofing your house. Electrify everything Electrifying your home promises to lock in long-term environmental and economic benefits, although the upfront costs can be high and the process complicated. As many as 48 million US homes may also need electrical upgrades to handle the increased power demands of solar panels, heat pumps and electric car chargers, according to a 2021 paper by Pecan Street, a nonprofit that promotes building electrification. How it works: For homeowners, it’s a matter of assessing what a house’s current system can handle, deciding which new technologies you want to invest in and planning your upgrades accordingly. Claire McKenna, a senior associate at the nonprofit Rocky Mountain Institute, recommends starting with heating and hot...
    A Maryland man chose an unfortunate time to take a nap and was busted with a host of drugs after he was found asleep at the wheel for more than an hour at a gas pump in Calvert County. Shady Side resident Michael David Warren II, 26, is facing multiple possession charges after being found with several ounces of marijuana, paraphernalia, and other narcotics, according to the Calvert County Sheriff's Office. A senior sheriff’s deputy was called to conduct a patrol check at Wawa in Prince Frederick, when he saw a driver - later identified as Warren - pull up to a gas pump with no lights on, a spokesperson for the sheriff announced. After more than an hour, the deputy said that he went to check on the welfare of the driver, who was found asleep at the wheel in the driver's seat with a glass smoking device and green leafy substance observed in plain view, according to investigators. A search of the vehicle led to the revelation of: Several smoking devices; A zip-lock containing a white...
    A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas.Brandon Bell | Getty Images Gas prices are below $4 for the first time since March, but the market remains precarious and experts said it's too early to know if the move lower will hold. The national average for a gallon of gas has fallen for the last 58 straight sessions, according to AAA, and is now $3.99 per gallon. The fall from June, when prices topped out above $5, has been fast.   Here's what could happen next.Why are prices falling?Prices at the pump have declined for a number of reasons. In the commodity market there's a common saying that "the cure for high prices is high prices." And that's proved true. In other words, high prices brigs down demand, which brings down prices. Some driving is necessary — to get to work, for example — but with prices at record levels, consumers might decide not to take a road trip, or to carpool with friends rather than driving solo. We've seen this show up...
    London (CNN Business)Drivers in the United States can breathe a small sigh of relief — average gas prices have dropped below $4 a gallon for the first time since March. The national average price for regular gasoline fell to $3.99 a gallon on Thursday, according to AAA. Gas prices hit a record high of $5.02 in June as drivers filled their tanks for the summer travel season. They were also pushed higher by soaring global oil prices as the West turned its back on Russian crude in the wake of Moscow's invasion of Ukraine. But prices at the pump have since tumbled 21% as drivers have pared back spending and fears of a recession threatened to crimp demand. Despite the drop, they remain 25% higher than this time last year."Despite steadily falling gas prices during the peak of the summer driving season, fewer drivers fueled up last week," the AAA said in a Monday press release. Read More"It's another sign that, for now, Americans are changing their driving habits to cope with higher pump prices." US crude oil prices have...
    (The Center Square) – Washington state Gov. Jay Inslee was adamant last year that energy prices would not increase as a result of his signing low-carbon fuel standard legislation into law. “And don’t let anybody give you that swill that somehow it’s gonna increase prices,” an animated Inslee said at the May 17, 2021 bill-signing ceremony. An independent report commissioned by the state Department of Ecology throws cold water on Inslee’s contention. Under a sub-headline touting “little impact on gas prices” on its website, Ecology staff wrote, “Washington’s new Clean Fuel Standard will mean less than a 1-cent per gallon difference in the price consumers pay at the gas pump in 2023, according to estimates in a third-party economic analysis. Prices could rise up to 2-cents in 2024, and 4-cents in 2025, the report shows.” The study, conducted by global consulting firm BRG Energy & Climate out of the San Francisco Bay area, found that the low-carbon fuel standard per House Bill 1091 would increase “the costs paid by consumers for gasoline, diesel, and electricity.” ...
    A helpless bystander at a Los Angeles, California, gas station was horrified by the sight of a baby in peril as she witnessed a fiery crash that left six dead on Thursday. The speeding car on La Brea Avenue slammed into other vehicles driving along Slauson Avenue in the Windsor Hills neighborhood of the city, causing a fiery mess. Steps away from the crash, at a nearby gas station, Veronica Esquival told local TV station KTLA that she was worried the gas station would explode. VIDEO SHOWS FIERY LA TRAFFIC COLLISION WITH CAR 'FLYING IN LIKE A MISSILE' "I was about to pump gas, and all of a sudden, I hear all of the noises from all of the collisions, and then the fire explosion, and I saw things, metal and things flying in the air. So I just covered myself behind the pump," Esquival said. The collision resulted in six deaths, including pregnant woman Asherey Ryan, her unborn baby, and her 1-year-old son. Esquival said she saw the 1-year-old get ejected from a car....
    A 23-year-old is facing multiple charges after allegedly pulling out a knife during a dispute at a gas station in the region. It happened around 2 p.m. on Wednesday, July 27 in Dutchess County. That's when New York State Police troopers were dispatched to the Gulf gas station on Route 9 in Wappinger for a report of a fight in progress with a knife.  Responding troopers took control of the situation and disarmed the suspect with the knife, said state police.  An investigation determined the altercation started over a person allegedly cutting the line at the gasoline pump, police said. Sydney E. Heidt, age 23, of Wappinger, was charged with: Second-degree menacing, Fourth-degree criminal possession of a weapon During the incident, Heidt brandished and menaced the victim with a knife. Heidt was issued an appearance ticket returnable to the town of Wappinger Court for Thursday, Aug. 11.
    A crash at a Panorama City gas station left 11 people with minor injuries Tuesday afternoon. The crash occurred at 4:47 p.m. near the intersection of Roscoe Boulevard and Woodman Avenue, according to the Los Angeles Fire Department. A pickup truck towing a concrete pumping trailer entered the station, hit three vehicles and knocked over a fuel pump, causing minor injuries to six adults and five children, LAFD said. The crash did not cause a fire or leave anyone trapped, firefighters said. A minor fuel spill did not extend beyond the gas station’s premises. California 210 Freeway reopens after five-day closure, but another is on the way Officials reopened the freeway after closing its westbound lanes in Irwindale as a part of $30-million project to renovate portions that cut over the San Gabriel River. Of the 11 people injured, seven were taken to hospitals for further evaluation. No street or lane closures resulted from the crash. Additional information on the crash or the driver was not immediately available from the Los Angeles Police Department.
    The average price of gasoline across South Central Ohio is 16 cents lower this week at $4.467 per gallon, according to AAA East Central’s Gas Price Report. This week’s average prices: South Central Ohio Average: $4.467 Average price during the week of July 11, 2022 $4.621 Average price during the week of July 19, 2021 $3.126 The average price of unleaded self-serve gasoline in various areas: $4.995 Athens $4.118 Chillicothe $4.267 Columbiana $4.378 East Liverpool $4.525 Gallipolis $4.285 Hillsboro $4.726 Ironton $4.533 Jackson $4.372 Logan $4.843 Marietta $4.543 Portsmouth $4.191 Steubenville $4.400 Washington Court House $4.357 Waverly The national average for a gallon of gas has fallen 15 cents over the last week to $4.52. Today’s national average is 46 cents less than a month ago and $1.36 more than a year ago. The recent price decline is due to lower domestic demand for gasoline at the pump and a much lower global price for oil. The cost of a barrel of oil is around $100, down from $110 two weeks ago. According to new data from the Energy Information...
    After disputing the "framing" of Rosen's pushback, Bernstein tripled-down on Biden "working tirelessly" to produce "real results" for Americans. "I very much disagree with that framing," Bernstein told Rosen. "I think what’s happening here is a president who is working tirelessly to address the largest constraint — probably the toughest constraint — facing American households right now: the budgetary impacts of these elevated prices," he added. "And we’re showing you here today some real results that partially derived from concrete efforts he’s taken." 07/18/22: Press Briefing by Press Secretary Karine Jean-Pierre youtu.be Gas prices are dropping, analysts say, because of a decrease in demand and falling oil prices. There is no evidence, in fact, that action taken by the White House has helped ease pain at the pump. Unfortunately, experts say Americans are not in the clear. "We’re not completely out of the woods yet — we could also see a sharp reversal in the decline," said Patrick De Haan, head of petroleum analysis at GasBuddy, last week. "There remains the risk of a spike in...
    (CBS DETROIT) — Michigan is seeing a downward trend in gas prices, AAA announced Monday (July 18). Officials say the state’s average price is $4.63 a gallon, which is 56 cents less than last month. However, it is $1.36 more than last year. READ MORE: Michigan State, Gonzaga To Play Basketball Game On Aircraft CarrierDrivers are reportedly spending an average of $69 for a full 15-gallon tank of gas — a drop from $72 last week. “Michigan motorists have seen pump prices drop 56 cents over the past month,” AAA spokesperson Adrienne Woodland said in a press release. “If the recent supply/demand dynamics hold, drivers will likely continue to see pump prices decline.” In Metro Detroit, average gas prices have also dropped to $4.67, which is about 21 cents less than last week’s average. It is $1.38 more than last year. Most expensive gas price averages:  Marquette ($4.92), Ann Arbor ($4.74), Traverse City ($4.72) Least expensive gas price averages: Benton Harbor ($4.50), Grand Rapids ($4.54), Flint ($4.61) READ MORE: Pizza Cat Offering $3.13 Pizzas On Monday To Celebrate Grand...
    PRICES at the pump continue to hit the wallets of Americans. As of this morning, the national average for a gallon of regular gasoline is $4.54, according to AAA. 2There are ways to save on gas despite soaring prices Why are gas prices so expensive? Prices at the pump first spiked when Russia invaded Ukraine, causing oil prices to rise. Directly following the attack, Shell announced it would no longer buy Russian oil and gas and was closing all of its petroleum stations in the country. Since then, oil prices have stayed high. Some parts of the country are facing steeper prices than others, with folks in San Francisco shelling out more than $6 per gallon. Read more in consumerGASSED UP 10 states with the highest gas taxes as prices soar to all-time highs again ENERGIZING RELIEF Thousands could get up to $3,850 including an energy relief check At the same time demand is rebounding, with more folks returning to their morning commute. "So far this year, demand has recovered far more quickly than production in the United States...
    What goes up must come down — and that includes California gas prices. For the first time since May, the average price at California pumps has finally dipped below $6 a gallon, dropping 20 cents since July 7, according to the American Automobile Assn. The U.S. average dropped to $4.57 a gallon Friday, down 10 cents since Monday. “The decrease in demand, alongside declining oil prices, has helped to push pump prices down,” AAA said in a statement. “As these supply-demand dynamics hold, drivers will likely continue to see price relief at the pump.” California California gas prices still far above other states, even as nationwide fuel costs fall Gas across the nation dropped to the lowest point in the last month, with the average price of regular fuel at $4.67. In California, gas remains the highest at $6.088. And what a relief it is. After soaring as high as $8.05 a gallon in Los Angeles County, gas prices have steadily trickled downward for the last 30 days, reaching $6.02 a gallon Friday, the lowest price...
    Thursday on Fox News Channel’s “America Reports,” Sen. Marsha Blackburn (R-TN) lamented President Joe Biden’s lack of effort to solve the nation’s high gas prices by drilling domestically. Blackburn said Biden was “unfriendly and uncaring about what the American public is facing every time they go fill up the pump.” “When you talk — whether it’s a large oil company, independents or wildcatters, they will, everyone, tell you they have the ability to produce more,” Blackburn emphasized. “They have not been able to get drill permits for existing leases, and they want them. He needs to go back to fracking. He needs to allow more natural gas — the cleanest fuel — into the pipeline.” “What he needs to do is restart the Keystone; go back and drill in Alaska,” she continued. “Taking a million acres offline in Alaska is wrong. Go back offshore. Go down to Louisiana. Talk to some of those guys that are there in the Gulf. There are things he could do today. You know, the oil industry and oil futures work off of certainty, and they...
    It’s not great, but a decrease beats another jump in prices. After reaching another all time high on June 15 of $4.499, the average price of a gallon of gas in Georgia has gradually dropped to $4.184 today. A price that puts the peach state in the top 10 least expensive markets. Today’s average is 13 cents lower than one week ago and 28 cents lower than one month ago. The national average as of today is $4.678, 13 cents lower than last week and 33 cents lower than June. Last year at this time, Georgians were paying $2.935 and nationally the price was $3.144. Georgia’s diesel prices have also seen a fall after hitting an all time high of $5.550, also on June 15. The average today is $5.325, a week ago $5.426, and a month ago $5.539. The average nationally today is $5.642, a 12 cent decrease from June. Last year at this time, diesel drivers in Georgia were paying $3.103. On July 1, Governor Kemp signed two...
    It’s not great, but a decrease beats another jump in prices. After reaching another all time high on June 15 of $4.499, the average price of a gallon of gas in Georgia has gradually dropped to $4.184 today. A price that puts the peach state in the top 10 least expensive markets. Today’s average is 13 cents lower than one week ago and 28 cents lower than one month ago. The national average as of today is $4.678, 13 cents lower than last week and 33 cents lower than June. Last year at this time, Georgians were paying $2.935 and nationally the price was $3.144. Georgia’s diesel prices have also seen a fall after hitting an all time high of $5.550, also on June 15. The average today is $5.325, a week ago $5.426, and a month ago $5.539. The average nationally today is $5.642, a 12 cent decrease from June. Last year at this time, diesel drivers in Georgia were paying $3.103. On July 1, Governor Kemp signed two...
    A man driving a Mercedes was caught shamelessly swapping nozzles at a California gas station with another unsuspected driver parked on the opposite side who ended up paying for his fuel.   Surveillance footage from an AMPM gas station in Roseville, captured the moment on Sunday evening.  'Please remember that at any gas station your hose nozzle will always be on the same side as the holster the hose will never cross over the pump,' wrote assistant manager Chirstopher Torcher on social media. 'Please be safe out there.' The exact amount that the unsuspected driver ended up paying remains unclear, and the suspect remains unidentified, according to the Roseville Police Department. A man is going around switching nozzles at gas stations in Roseville, Califorina, and making others think that they are pumping gas into their cars, when in actuality, he has their nozzle with the gas they paid for, according to surveillance footage from an AMPM gas station The suspect was caught wearing a black windbreaker while going back in back and forth in between pumps before the unsuspected driver pulled...
    In this article @LCO.1 @CL.1 Brie Olootu pumps gas at an Exxon Mobil gas station on June 09, 2022 in Houston, Texas. Gas prices are breaching record highs as demand increases and supply fails to keep up.Brandon Bell | Getty ImagesPrices at the pump have retreated from June's never-before-seen levels, but remain stubbornly high. Some relief could be in sight. U.S. gasoline futures have dropped more than 11% this week, following a decline in oil prices as recession fears spark concerns around a drop-off in demand. The national average for a gallon of gas stood at $4.75 Thursday, according to AAA. That's down from the record $5.016 hit on June 14. But prices are still $1.62 higher than this time last year. California has the highest state average at $6.185. The state's Mono county is currently averaging $7.224 per gallon. South Carolina's average of $4.257 is the lowest in the U.S. Patrick De Haan, head of petroleum analysis at GasBuddy, said the national average could drop to between $4 and $4.25 by mid-August, barring a price spike in oil....
    Tennessee motorists have seen slight relief at the pump over the past week, matching national averages. The average price of a gallon of gas in Tennessee was $4.39 Tuesday, according to the American Automobile Association (AAA). That number is down from $4.48 last Tuesday, and $4.50 one month ago. It is little consolation for Tennesseans, though, who have seen gas prices rise $1.53 cents per gallon on average over the past year. The highest average price for gas ever recorded was on June 12, when a gallon cost $4.64 statewide. Prices in the city of Jackson were $4.48 Tuesday, eight cents higher than the state’s average. Memphis and Knoxville had the highest average gas prices, at $4.49. The lowest prices were in the Cleveland area, at about $4.14 per gallon. Average gas prices nationally have dropped about nine cents per gallon over the past week. Asked whether this was the beginning of the end of skyrocketing prices at the pump, AAA could not say for certain. “It’s extremely difficult to predict what gas prices will do in the longer term...
    SACRAMENTO —  A gas tax break would have been nice as Californians hit the road over the July 4th weekend. Instead, they were smacked with a tax increase. That’s the sort of thing we’ve learned to expect from one-party rule and a liberal state government in Sacramento. There’s just no bipartisan give-and-take. If Republicans had any clout in the state Capitol, there probably would have been a negotiated tax deal that lowered gas prices at the pump. But the California GOP has become so weak it no longer gets invited to the bargaining table. With supermajority control, Democratic legislators can pass anything they want without Republican votes. The only big-time bargaining between politicians in Sacramento is among Democrats — liberal lawmakers and liberal Gov. Gavin Newsom. And sure enough, the result is almost always liberal. The gas tax hike that landed Friday was only about 3 cents per gallon — minuscule compared with the statewide average pump price of $6.25. But it was in the wrong direction. The little bump represented an automatic annual increase that “indexes” the tax to inflation....
    Amazon founder Jeff Bezos believes President Joe Biden is guilty of either spreading misinformation or lacking a fundamental knowledge of economics. Bezos levied his criticism in response to a tweet in which the president blamed high gas prices on the oil companies — accusing them of charging consumers a rate which is not commensurate with what gas is costing them. “My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril,” Biden wrote. “Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.” My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril. Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now. — President Biden (@POTUS) July 2, 2022 “Ouch,” wrote Bezos, in response. In a Saturday...
    Amazon founder Jeff Bezos turned on President Joe Biden for ordering gas stations to lower their prices at a time of “war and global peril.” Taking to social media Sunday to outline his disappointment with the White House, Bezos sought to teach Biden a few basic principles of market dynamics while urging him to stop the price blame game. He tweeted: “Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics.” Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics. https://t.co/XgKfEICZpk — Jeff Bezos (@JeffBezos) July 3, 2022 The second richest person in the world has been vocal about his criticism of Biden’s policies, especially those related to inflation, and he acted after Biden admonished gas stations as being to blame for astronomical prices over the Fourth of July weekend. “My message to the companies running gas stations...
    BALTIMORE (WJZ) — Maryland’s legislatively mandated gas tax hike went into effect Friday, with prices rising by seven cents per gallon. Maryland’s average is $4.79 per gallon as of last Friday, according to AAA, and the hike brings to total state gas tax from 36 cents a gallon to 43 cents per gallon. READ MORE: Baltimore County Police Looking For Missing 12-Year-Old GirlThis time last year, the average was $3.00, and as the Fourth of July holiday weekend approaches, some say they’re cancelling their plans altogether because of how much it takes to fill their tank with fuel.   On top of the increase in the state gas tax, people are also paying a federal gas tax. That’s about 18 cents per gallon. So starting Friday, you will be spending more than 60 cents per gallon in total gas taxes. “What am I gonna do,” said Sharon, who didn’t know about the gas tax hike that takes effect Friday.   On Thursday, Governor Larry Hogan released a video calling on leaders of the General Assembly to take action, hold a...
    Californians contending with the highest gas prices in the nation will pay another 3 cents per gallon starting Friday due to the state’s annual gas tax increase. Yes, you read that right: Gas prices will go up due to the state’s excise tax on gasoline, which is adjusted each year. Golden State drivers on Thursday were already paying an average of $6.289 for a gallon of regular gas, far more than the national average of $4.857 and the most of any state, according to the American Automobile Assn. But the number had represented something of a relief as it inched down from the record high of $6.438 a couple of weeks ago, dropping on Thursday for the 16th consecutive day. Now, the excise tax will see prices go up again. The tax is increasing from 51.1 cents to 53.9 cents per gallon, the second highest such charge in the nation, with only Pennsylvania’s excise tax clocking in higher. California Deal reached on plan for more than $9 billion in gas refunds to California drivers Gov. Gavin Newsom and leaders of...
    BALTIMORE (WJZ) — Maryland’s legislatively mandated gas tax hike takes effect at midnight Friday, with prices rising by seven cents per gallon. Maryland’s average is $4.79 per gallon as of last Friday, accoridng to AAA. This time last year, the average was $3.00, and as the Fourth of July holiday weekend approaches, some say they’re cancelling their plans altogether because of how much it takes to fill their tank with fuel.   READ MORE: Nonprofit Sues Baltimore Law Department For 'Obstructing Access' To Police Conduct Records“What am I gonna do,” said Sharon, who didn’t know about the gas tax hike that takes effect Friday.   On Thursday, Governor Larry Hogan released a video calling on leaders of the General Assembly to take action, hold a special session and vote for a gas tax holiday. But the Maryland General Assembly has already said they won’t call a special session to address the gas tax.  While the pain at the pump is only getting worse, the leaders of the General Assembly continue to refuse to do anything about it. There is no...
    The wallet-draining price of gasoline probably won’t stop people from taking a drive to their Independence Day holiday destination. The American Automobile Assn. predicts that 42 million Americans will be hitting the gas pedal and traveling 50 miles or more this Fourth of July weekend. Driving is expected to trump flying despite gas prices of more than $6 per gallon in California and close to $5 per gallon elsewhere, although the national average has been heading down. Doug Shupe, a spokesperson for AAA, said the association anticipates that the demand for gas will pick up in the days before the holiday as drivers fill up for their road trips. So we could see the pump prices move higher again, he said. The price of oil might be burning a hole in Americans’ pockets, but Shupe said consumers have continued to increase spending on travel, hospitality and leisure as concerns related to COVID-19 have abated. If you are driving to your holiday getaway, Shupe suggests that you travel at off-peak traffic times or on less popular travel days,...
    AS gas prices are still rising around the country, one chain is lowering its prices in select stations in preparation for the Fourth of July weekend. Sheetz has lowered its prices for unleaded 88 gasoline to $3.99 a gallon through the holiday. 2Sheetz in select locations are offering gas as low as $3 through the Fourth of July WeekendCredit: Getty The announcement was made on Monday as the chain revealed lower prices to “reduce pain at the pump for consumers” effective immediately. Sheetz is also selling E85 gasoline for $3.49 a gallon as well. “Unleaded 88 is approved by the EPA for use in vehicles for model years 2001 or newer as well as light-duty trucks, SUVs and Flex Fuel Vehicles,” Sheetz said in a press release. “E85 contains more ethanol (51 percent -83 percent) and is not compatible with all vehicles. It is designed specifically for ‘flexible fuel vehicles.’ “FFVs can use regular gasoline (E10), E15, or E85. When available, E85 is clearly designated as a different fuel type and should not be used in standard vehicles.” The chain...
    Q: I read that 95 percent of households are changing spending habits because of inflation. I sure don’t see evidence of that affecting driving habits, where 70-80 mph seems to be the norm. Maybe it’s time to pull out one of your old columns from the early 2000s, when you taught us what a difference slowing down can have. After you did that, there was a whole subculture in the South Bay slowing to 60-65 mph. At the time, I noticed that whenever I went out of the Mercury News coverage area, speeds increased. How much difference can driving 60-65 mph make? Larry Edson A: A ton. Driving at 80 mph versus 60 mph can radically reduce gas mileage. One Department of Energy study showed that aggressive driving can lower gas mileage by 15-30 percent on the highway. At $6 per gallon, faster drivers burn between 90 cents and $1.80 more per gallon to cover the same ground. Q: Having read about state and federal gas tax relief, I looked at several recent pump receipts. I know the advertised price “includes all applicable taxes,” but...
    Gas prices are forecast to drop by up to 20 cents per gallon ahead of the July 4 holiday, but analysts allege relief at the pump is only temporary. Analysis by fuel price tracker GasBuddy shows a gallon of gas costs $4.91-a-gallon, as of June 25. That is down from an all-time high of $5.03 on June 13, with GasBuddy saying they expect the price to continue to fall - but only temporarily.   Despite the predicted decline, the reason for which has not been explained, fuel price tracker GasBuddy says Americans will pay the highest Independence Day gas prices ever. GasBuddy experts also warn a 'super spike' in fuel prices is likely to occur later in the summer because the 'volatility in markets remains high.' The company's latest forecast comes as President Joe Biden called Congress to suspend the federal gas tax through September - a plan Republicans oppose and even some Democrats dismiss, expressing concern the savings could end up in the pockets of oil companies instead of consumers. Biden also called on oil companies to lower the cost of gas, arguing the nation...
    Two suspects caught nodding off behind the wheel at a Maryland gas station are facing charges after being busted with crack pipes, paraphernalia, and other drugs, authorities announced. Baltimore resident Kaitlyn Marie Chenault, 24, and Halethorpe resident David Dale Adams, Jr., 31, were arrested by members of the Calvert County Sheriff's Office after being caught sleeping in their car, a spokesperson announced on Thursday, June 23. It is alleged that shortly before 9:45 a.m. on Monday, June 13, deputies responded to the 7-Eleven on Prince Frederick Boulevard in Prince Frederick, where there was a report of two people passed out behind the wheel at the store’s gas pumps. Upon arrival, deputies found people knocking on the door of the window attempting to stir Chenault, who was in the driver's seat, and Adams, who was in the passenger seat, officials said. Once woken up, the pair was ordered out of the car and a search of the vehicle led to the seizure of: Five crack pipes containing suspected crack and residue; Two plastic tie-offs containing a white powdery substance;...
    There will be no relief at the pump for Maryland motorists as top lawmakers shot down proposals for a second gas tax holiday. With gas prices reaching record highs across the nation in recent weeks, Maryland is still planning to enact its annual gas tax on Friday, July 1, causing more consternation for drivers already feeling the financial hit in their wallets. The scheduled increase will raise the gasoline tax from approximately 36 cents per gallon to nearly 43 cents per gallon, an 18 percent increase. When the tax takes effect, motorists can expect to see rises in prices of at least seven cents, despite some lawmakers calling for a second gas price holiday amid record inflation. “Nearly 100 days ago, Maryland became the first state to suspend the gas tax and we proved that it can be done successfully," Maryland Gov. Larry Hogan said. “We are again calling on the Comptroller and the General Assembly to take action, and I am prepared to swiftly sign a gas tax suspension. “We have also been calling on President Biden to...
    VIDEO2:0702:07The underlying problem is tightness in the oil market, says RBC's Helima CroftHalftime Report The recent run-up in gasoline prices is now being felt nearly across the board. The national average for a gallon of gas is currently $4.94 after topping $5 per gallon for the first time ever earlier this month, according to AAA. Last year at this time, the price was $3.07 per gallon. The increase has put a severe strain on most workers' ability to cover their expenses and save for the future, according to a recent report by DailyPay, which polled more than 2,000 adults in May. More from Personal Finance:100 million adults have health-care debtCost to finance a new car hits a record $656 per monthHow to get started building credit as a young adult Hourly workers are having an even harder time getting by, the report found. Roughly 81% said that higher gas prices have had a negative effect on their ability to pay for basic necessities. As a result, 44% of households making less than $100,000 a year said they are saving less than last year...
    California Gov. Gavin Newsom and Democratic lawmakers are at odds, disagreeing on how to provide relief to Californians strained by high gas prices. Though Newsom promised "immediate action" in March, proposing doling out rebates to car owners, state lawmakers have yet to come to an agreement on how to put money into the pocketbooks of Californians. ON GUNS AND GAS, BIDEN PUNTS TOP ISSUES TO CONGRESS "There weren’t going to be checks cut in the next three weeks after that announcement, but it certainly had created an expectation of something faster,” Chris Hoene, executive director of the liberal California Budget and Policy Center, told Politico. "They announced a plan that didn’t have a lot of details, didn’t have a lot of contours, they hadn’t vetted it with the Legislature.” Newsom's proposal calls for $9 billion in tax refunds coming out of the state's budget surplus in the form of direct payments to everyone in the state who owns a vehicle registered in California. Under his proposal, Californians would receive $400 direct payments per vehicle,...
    President Joe Biden called for a three-month federal gas tax holiday in a speech on Wednesday, and urged the states to do the same with their gas taxes. He also demanded action from oil companies and pointedly suggested that gas stations aren’t being fair with pricing, coming just shy of calling it price-gouging as some Democrats have already said. After presenting his case for the gas tax holiday, and calling on states and oil companies to take action, Biden zeroed in on what gas stations are charging at the pump. “When the cost of oil does come down, we need the price at the gas stations that they charge at the pump to come down as well,” said Biden. The implication is that the companies would not pass those price reductions along to customers. “For example, in the last two weeks, the price of oil has fallen by more than $10 a barrel. Normally, this would reduce the cost of the pump about $0.25 a gallon. Yet, so far, gas stations have only reduced prices by a few cents...
    By Kerry O’Connor (CBS4)– President Joe Biden is calling on Congress to suspend federal gasoline and diesel taxes for three months. It is in the hope to save people money at the pump as gas prices continue to hit daily record highs. (credit: CBS) A CBS News article states the president is also urging states to suspend their own gas taxes that add an average 30 cents on the gallon. As of June 22, Colorado’s average price at the pump is $4.91 while the national average is $4.95. Gov. Jared Polis says he commends the President’s action to provide relief and save people money. Polis has already signed off on a landmark transportation funding bill that slightly cuts taxes on gas in Colorado and saves people roughly two cents per gallon of gas. Polis said in a statement regarding the federal gas tax holiday, “This should fly through Congress and I would dare anyone to oppose suspending a 22-cent tax for three months that will provide some immediately relief at the pump.”
    US President Biden delivers remarks on efforts to lower high gas prices in the South Court Auditorium at Eisenhower Executive Office Building June 22, 2022 in Washington, DC.Jim Watson | AFP | Getty Images President Joe Biden called on Congress Wednesday to suspend the federal gas tax for 90 days as prices at the pump surge to record highs. The federal tax currently stands at 18 cents for a gallon of regular gasoline, and 24 cents per gallon of diesel fuel. "I call on the companies to pass this along — every penny of this 18 cents reduction — to the consumer," Biden said Wednesday. "There's no time now for profiteering," he said. The president said such a move will have no impact on the Highway Trust Fund, saying other revenues can be used to fund the roughly $10 billion cost. Biden also called on states to suspend their gas taxes, or find other ways to bring some relief. Still, some were quick to note that suspending the gas tax will keep demand steady and not address the structural issues...
    Fuel prices at a Chevron gas station in Menlo Park, California, on Thursday, June 9, 2022.David Paul Morris | Bloomberg | Getty Images President Joe Biden called on Congress Wednesday to temporarily suspend the federal gas tax, as he tries to quell the rapid surge in prices at the pump. While experts say a suspension could provide some immediate relief, it could also keep demand elevated, thereby exacerbating tight supply. Consumers are getting hit with higher prices everywhere, which has become a headache for the administration ahead of the midterm elections in November. But the rise in gas prices is perhaps the most noticeable — gas stations on every corner declare the price per gallon. The national average topped $5 per gallon for the first time ever earlier this month. It has become an Achilles' heel for the administration, noted Opis Global's Tom Kloza, "even though it has nothing to do with any policies [Biden's] had since he came into power." Biden's plan asks Congress to suspend the federal tax on gasoline and diesel fuel for three months, which coincides...
    Fuel prices at a Chevron gas station in San Francisco June 9, 2022.Bloomberg | Bloomberg | Getty Images For months, drivers across the U.S. face have faced eye-popping prices when they fill up their gas tanks. Now, President Joe Biden is weighing a new remedy — a federal gas tax holiday. A gallon of gas now costs an average of $4.97, according to AAA. That's a slight improvement from earlier this month, when the national average crossed the $5 threshold for the first time. But prices are up from $4.59 a month ago and $3.07 a year ago. However, in some states — like Washington, Oregon and Nevada — average gas prices are more than $5.50 per gallon. In California, the average is currently $6.38 per gallon. More from Personal Finance:80% of economists see 'stagflation' as a long-term riskStimulus checks rewired how some Americans see moneyHere's what the Fed's interest rate hike means for you The federal gas tax amounts to 18.4 cents per gallon, while states separately impose their own levies. In February, Democratic Sens. Maggie Hassan of New...
    PRESIDENT Joe Biden announced Monday that he is considering enacting a federal gas tax holiday to help Americans save money. Prices have increased by 8.6% overall since last May, according to inflation data, and energy costs have experienced the sharpest rise. 1President Biden is considering a proposal that would save Americans roughly 18 cents per gallon at the gas pump Overall energy costs are up 34.6% in the last 12 months, while gasoline prices have jumped 48.7%. By enacting a gas tax holiday, Biden would suspend the 18.4 cents per gallon tax on every gas purchase nationwide. For a small car with an average-sized 12-gallon tank, the tax freeze would mean savings of around $2.21 per tank. Larger cars can hold roughly 15 gallons, meaning you can save upwards of $2.75 on a fill-up if you drive a big rig. READ MORE ON GASAFTER YOU Americans are not allowed to get their own gas in 2 states - the reasons SAY WATT Why are gas prices so high? What is the national average gas price? On...