Page 21 - 12 News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from 12. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Then, the market was so high that it might be a lot of people just taking their profit off the top. so don t panic, that s good news. people still have to fill up their gas tanks and that is still not great news so let s take a look at some historical numbers when it comes to gas prices because gas price averages we can look at the price today price today averaging $3.40 a year ago it was $2.12 and in 2013, it was $3.29, so here we are much higher and also, we are also getting news from the wall street journal that saudi arabia and russia which had plans to ramp up production now considering putting a pause on those plans because the national oil reserves being tapped by the united states and other countries. what will this do to the oil market, do you think? the bottom line is when we were energy independent, we were the ones who are setting the world price essentially. there were a lot of complicating ....
Missing a key ingredient. she stopped to fill up her gas tank. after being cooped occupy last year, a lot of people have decided to get out of dodge for the holiday. when betty finally gets to the pump, she s not pleased with the price, because the national average price of gas is $3.41 a gallon, up from $2.12 a year ago. well, as betty leaves the gas station, she gets a call from her brother in california, whose flight is already delayed because of a tsa worker shortage at the airport. he was supposed to bring her a bottle of betty s favorite napa valley pino noir, which pairs perfectly with that holiday turkey. alas, betty will have to buy her own wine, because as you recall, betty likes wine. all right, betty s thanksgiving is officially ruined, but hanukkah just around the corner. it starts on november 28th. maybe she ll have better luck then. november 28th maybe she ll have better luck then ....
We haven t had a year that unemployment has fallen this quickly since 1950. this is a job market that is welcoming to entrants, offering people good, better quality jobs with rising pay, and it won t surprise you that i agree with the president that the rescue plan shots in arms, checks in pockets was instrumental in getting us to where we are. okay. so that s all of the good news, as you point out. the bad news is that a lot of americans don t feel all of that because of inflation. so let s just look at where gas prices are right now compared to last year. they re up, i ll pull this up. last year they were $2.12 per gallon. last month, $3.20 per gallon, now $3.42 per gallon. our own financial guru, christine romans put together this cost of a thanksgiving dinner and, how much more expensive it will be this year than last year. potatoes are up, mixed vegetables up, apple pie is way up. what is the administration s plan to deal with inflation? it is really important to get ....
Unprecedented stimulus. and in a lot of ways, it was really successful. if anything, the economy has come back so strong that supply hasn t kept up with demand. we ve seen price spikes on groceries. the fed kept its foot on the pedal buying $120 billion a month since march of 2020. what s happened today is they say, 19 months later, they re going to ease their foot off the accelerator just a bit. they re slowing these purchases. is the fed responding to inflation fast enough? they re still pumping in money every month, just not as much, but interest rates are still at zero. the wild card is energy prices because that s causing people a lot of concern. the cost of gasoline, $3.40 a gallon nationally up from $3.19 a month ago. $2.12 a year ago. the good news for drivers is that oil prices are actually dropping sharply today. worse day since july. ....
Up from $3.12 last year. take an average 12-gallon tank. every time you fill up, it costs 15% more than last year. the corporate prices are singing and the stock market hit record highs again, with the dow closing above 36,000 for the first time on tuesday. once again it s that case of wall street and main street, what looks like a little bit of a disconnect. ana? a disconnect, indeed. christine romans, thank you. as some democrats blame their own failure to give americans relief through the infrastructure and spending bills, a source close to house progressives, the ones using the infrastructure bill as leverage, is pushing back on that criticism, telling cnn, quote, a state did not just swing by more than ten points in a single year because of some bill moving through congress. let s discuss all of this with white house reporter for the wall street journal, sabrina sadiki, and anchor for state of ....