President Trump referred to surging gas prices as a small “price to pay” for the U.S. war in Iran while speaking to a crowd of supporters Wednesday in North Carolina. “It’s a very inexpensive price to pay for what we’ve done. Remember that. It’s a little more. Frankly, even if it was a lot more,” Trump said at a rally for GOP Senate nominee Michael Whatley in Gastonia. #Trump #IranWar #GasPrices #Diesel #Economy
President Trump referred to surging gas prices as a small “price to pay” for the U.S. war in Iran while speaking to a crowd of supporters Wednesday in North Carolina. “It’s a very inexpensive price to pay for what we’ve done. Remember that. It’s a little more. Frankly, even if it was a lot more,” Trump said at a rally for GOP Senate nominee Michael Whatley in Gastonia. Read more: https://thehill.com/homenews/state-watch/6095554-trump-gasoline-prices-iran-war/ #Trump #IranWar #GasPrices #Diesel #Economy
While everyone was busy getting riled up about AI doom this week, an energy crisis was unfolding...Diesel is nearing $9 a gallon in California, with the nationwide average $6.31 a gallon. Diesel prices, refinery outages, pipeline attacks and mounting pressure on the world’s most important shipping routes are raising costs throughout our economy when everything is already more expensive than ever. How did we get here? And where is this energy crisis headed? The world is not running out of oil. What is disappearing is the safe, affordable path between the oil and the people who need it. This video contains news commentary, criticism and analysis for educational and informational purposes. Thank you for watching, subscribing and supporting…
Iran-backed rebels in Yemen captured the strategic Perim Island in the Bab al-Mandeb Strait on Friday, two Yemeni government sources told CNN, potentially expanding Tehran’s influence over another key global shipping route. Meanwhile, The price of diesel, the workhorse fuel that powers the world economy, topped $6 a gallon on Friday for the first time ever. The price point may be invisible to most American drivers, but will likely lead to higher costs for most things consumers buy. 0:00 Prices continue to rise as inflation worsens 3:26 Panel discusses inflation's effect on American consumers 6:15 The reality of President Trump's $5,000 promise 8:49 Trump tells Republicans to "cheat like hell" Watch 24/7 live news with CNN Headlines:…
The record price of diesel threatens to stoke inflation at a time when consumers are already price-sensitive and businesses are reeling from higher costs due to trade tensions. Why it matters: Diesel is a key cost throughout the supply chain, meaning soaring prices could eventually show up in what consumers pay for everything from groceries to household goods. Driving the news: The national average price of a gallon of diesel topped $6 for the first time ever, AAA said Friday, Axios' Ben Berkowitz reports . - That's up 60% from a year earlier. Between the lines: Food prices could be among the first places consumers feel the ripple effects, executives said this week. - At grocery chain Kroger, which has been trying to keep a lid on…
