gasprices
The start of summer is nearly here, and drivers are finding prices far lower than last year. Lackluster demand and low oil costs are keeping gas prices relatively stable. The national average for a gallon of gas remained stable since last week at $3.58, which is $1.43 less than a year ago. In New Jersey, the gas average is $3.47 today, down two cents in the last week and $1.57 lower than one year ago. According to new data from the Energy Information Administration (EIA), gas demand decreased slightly from 9.22 to 9.19 million b/d last week. Meanwhile, total domestic gasoline stocks in-creased...
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In his podcast addressing the markets today, Louis Navellier offered the following commentary. EV IronyTesla Inc (NASDAQ:TSLA)’s planned 8-day shutdown of its Shanghai plant is being extended due to rising Covid cases in China. The company now has sufficient inventory of its electric vehicles (EVs) and continues to offer discounts to try to sell its EVs amidst increasing competition in China. Furthermore, the U.S. tax incentives to buy an EV have expired for Tesla in 2022, so in the U.S., Tesla is offering $7,500 discounts on Model 3 and Y EVs, plus 10,000 miles of free charging during Decembe...
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Some federal help may finally be on the way. President Joe Biden, on Monday, suggested that he is considering sending federal stimulus checks to Americans to help them offset the rising gas prices. A point to note is that these stimulus checks wouldn’t come as a direct payment, nor in the form of a gas tax holiday, but instead, rebate cards. President Biden last approved federal stimulus checks in March of 2021. Biden Considering Federal Stimulus ChecksEarlier this week, President Biden suggested that he is seriously considering temporarily halting the federal gas tax. Biden said he would make...
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Gas prices reached a new $4.37-a-gallon record on Tuesday, four cents above the previous high of $4.33 from March 11. The jump takes place amid increasing talk of an economic recession in the U.S. caused by the impact of inflation. Gas Prices Hit Fresh HighQ1 2022 hedge fund letters, conferences and more Russia’s invasion of Ukraine has nothing but skyrocketed oil prices, with the price at the pump soaring by 25% since the war started back in February. The U.S. Energy Information Administration said that adjusted-for-inflation real gas prices would have to climb over $5.08 per gallon to surpas...
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Gas prices. Am I right? Q1 2022 hedge fund letters, conferences and more What about the cost for diesel? That’s over $5 per galloon. And, yes. That’s also shattered records. Despite this, many of us still rely on our vehicles to commute to work or run errands. And, regardless of the record-breaking prices, road trips remain popular. Ways to Save Fuel and MoneyWhile there isn’t much of a silver lining here, there are still ways for you to conserve fuel so that you can save more and spend less. Looking for the best gas prices in the U.S. and Canada? By using the apps GasBuddy and Waze, you can g...
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Natural gas prices in the U.S. have hit a record since 2008 on Monday as Russia’s invasion of Ukraine rages on and sends shockwaves within the energy market. The forecast of cooler spring temperatures adds up to the problem. Natural Gas PricesAs reported by CNBC, the price of natural gas has hit a 13-year record, up 102% amid growing inflation and concerns over an economic recession. Q1 2022 hedge fund letters, conferences and more The media outlet reports that “Futures jumped 10% to trade as high as $8.05 per million British thermal units, the highest since September 2008. The jump builds on ...
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Inflation in the U.S. continues to make new highs, thanks primarily to the rising gas prices. Several states, however, have come up with inflation stimulus checks to help residents offset the rising prices. Let’s take a look at the states giving out inflation stimulus checks or working on giving these payments to their residents. States Giving Inflation Stimulus ChecksQ4 2021 hedge fund letters, conferences and more Eligible residents would get $75, or 12% of the Idaho state taxes for 2020, whichever is larger. These rebates started going out at the end of March. Georgia is also giving a rebat...
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What Stagflation? Bullard being Bullard, Oil dips, Gold lower as risk appetite returns, Bitcoin rallies – OANDA Equity traders are looking at surging global bond yields and are saying, “What, me worry?” The global bond market selloff is not easing at all and that should raise some red flags. Mad Magazine’s Alfred E. Neuman is what many stock traders are starting to look like when they buy every dip. Fed policy is about to become restrictive and commodity market tightness will still remain even if there is a quick resolution to the crisis in Ukraine. The bar is set high for the NATO summit to p...
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Gas prices are likely to jump in the U.S as President Joe Biden announced sanctions against Russia over the invasion of Ukraine. Biden, however, conceded that his administration will use “every tool at our disposal” to contain the effect of such sanctions on gas. Q4 2021 hedge fund letters, conferences and more Gas PricesAs reported by CNN, Biden announced the government will take measures to soften the brunt of U.S. economic sanctions against Russia on gas prices in the coming months. However, he did not specify the actions he would take. “As I said last week, defending freedom will have cost...
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Inflation has become the hot topic as of late. Gas prices are up, grocery trips are more expensive, and home prices are continuing to climb. This focus on inflation is completely justified. November’s Producer Price Index increased 9.6% over the previous year and the CPI rose 6.8% for the same 12-month period. This increase in CPI is the largest 12-month increase since the period ending June 1982. With the PPI and the CPI on the rise, both companies and consumers are feeling the heat. As a follow-up to the article, 5 Signs that Higher Trends in US Backend Rates are Here to Stay, this article w...
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