U.S., other nations will tap strategic petroleum reserves as gas prices hover around 7-year high

U.S., other nations will tap strategic petroleum reserves as gas prices hover around 7-year high

President Joe Biden said Tuesday that the administration will tap the Strategic Petroleum Reserve as part of a global effort from energy-consuming nations to calm 2021’s rapid rise in fuel prices.The coordinated release between the U.S., India, China, Japan, Republic of Korea and the United Kingdom is the first such move of its kind.In total … Read more

Oil prices off 7-week lows but under pressure as release of reserves eyed By Reuters

Oil prices off 7-week lows but under pressure as release of reserves eyed By Reuters

© Reuters. FILE PHOTO: A worker collects a crude oil sample at an oil well operated by Venezuela’s state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins By Florence Tan and Naveen Thukral SINGAPORE (Reuters) -Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it … Read more

Biden Asks FTC to Examine Oil, Gas Companies’ Role in High Gasoline Prices

Biden Asks FTC to Examine Oil, Gas Companies’ Role in High Gasoline Prices

WASHINGTON—President Biden called on the Federal Trade Commission to investigate whether oil-and-gas companies are participating in illegal conduct aimed at keeping gasoline prices high. In a Wednesday letter to FTC Chair Lina Khan, Mr. Biden alleged that there is “mounting evidence of anti-consumer behavior by oil-and-gas companies.” He said gasoline prices are rising even as … Read more

Push to save money at the pump as California gas prices hit record levels

Push to save money at the pump as California gas prices hit record levels

Trying to save money as California gas prices hit record levels FOX 11 checked out places with some of the lowest gas prices in our viewing area. POMONA, Calif. – We hear much about skyrocketing gas prices, but how about cheap gas prices?  The Gas Buddy app, which tracks per-gallon prices, has come up with … Read more

Show Me the Money: Food Prices

Show Me the Money: Food Prices

(WHTM) — Thanksgiving is almost here but this year, supply issues could end up taking a bite out of your meal before you even get to the table. By now you’ve probably noticed, grocery stores aren’t as full as they usually are and food prices are on the rise. Show Me the Money: Holiday FedEx … Read more

European stocks after hotter-than-expected U.S. inflation data

European stocks after hotter-than-expected U.S. inflation data

European stocks are expected to open flat to lower on Thursday as global markets digest the latest U.S. inflation data which showed faster-than-expected price rises.The U.K.’s FTSE index is seen opening 4 points higher at 7,318, Germany’s DAX 43 points lower at 16,019, France’s CAC 40 down 22 points at 7,021 and Italy’s FTSE MIB 83 … Read more

On prescription drug prices, Biden suffers familiar defeat

On prescription drug prices, Biden suffers familiar defeat

For instance, Peters, a California congressman who represents a biotech-heavy district and who had previously supported negotiation, warned Pelosi in a May letter that he and nine allies were seeking more modest reforms than the negotiations pushed by Democratic leadership. Immediately afterward, he received thousands of dollars in contributions from pharmaceutical interests, raking in $66,400 … Read more

European Central Bank holds policy steady despite soaring inflation

European Central Bank holds policy steady despite soaring inflation

European Central Bank President Christine Lagarde.Handout | Getty Images News | Getty ImagesThe European Central Bank decided Thursday to keep interest rates and its monetary policy stance unchanged despite ongoing inflationary pressures.The central bank had announced in September it would be buying less bonds off the back of surging consumer prices. Inflation in the euro … Read more

San Diego Home Prices Surging Once Again – NBC 7 San Diego

San Diego Home Prices Surging Once Again – NBC 7 San Diego

U.S. home prices jumped in August by a near-record amount from a year earlier, as Americans eager to buy a home drove up prices on a dwindling number of properties. The S&P CoreLogic Case-Shiller 20-city home price index soared 19.7% in August compared with a year ago. That increase is just below July’s 20% jump, which … Read more