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30%, gas close to a 60% increase. if it is going to fly somewhere to escape the cypresses, that cost more too, more than a 34% increase in average. the white house at a statement after the report came out in the headline inflation reading is expectedly high. it is also out of date. energy alone comprised more than half of the increase. the debtor does not impact more than 30 days of decreasing gas prices. no, it s true. gas prices are beginning to come down, but the national average today is still at $4.68 a gallon. that number up significantly from a year ago. the latest pew survey shows voters believe the president s policies are hurting the economy and even some democrats believe washington has to be very careful on its next steps. because basically everyone should be very cautious about what went on our putting things, looking at anything that could inflame the inflation rate, high numbers that we have. it looking like the fed will raise interest rates yet again this month. repub ....
A little bit of relief when it comes to gas prices. yes, that s the other piece of good news for the day, which is that there are some, and call them green shoots if you want, but slightly hopeful signs on inflation. the challenge we have, of course, at the moment is trying to manage inflation. it is a bit like trying to land a 747 on an aircraft carrier, to get it on top of the aircraft carrier without it crashing into a recession. that ll be tricky, as we ll see in a second. in any event, inflation seems to be showing hopeful signs. commodity prices are like an early warning indicator of what is going to happen. they ve rolled over. lumber is down well below where it was before all of this started. copper is back to where it was before the pandemic. wheat is back to where it was before russia invaded ukraine, and so forth, all good news as you can see on the right in gasoline prices, which dropped for 27 straight days. it s gone from over $5 now to $4.68 as a national average, as ....
All right. drivers are seeing relief at the pump. according to aaa the national average for a regular gallon of gas is 30 cents cheaper than it was a month ago. here now cnn business correspondent rahel solomon. 26 straight days dropping. yeah, compare that $4.68 to $5 a gallon last month, you can start to understand the relief that consumers are feeling at the pump. so there is a bit of good news in this report and there is a little not to good news. prices are lower and they could continue to go lower, the bad news is the reason why. part of it is demand destruction this, idea that prices got too high that is correct people started to really pull back. we did get a bit more slow and will likely get more so that s good news, but also recession fears really hitting the commodity crude hard. wti. the u.s. benchmark for crude ....
And learn how abbvie could help you save. do you struggle with occasional nerve aches ask your gastroenterologist about rinvoq. in your hands or feet? try nervivenerve relief from the world s #1 selling nerve care company. nervive contains alpha lipoic acid to relieve occasional nerve aches, weakness and discomfort. try nervivenerve relief. to the index now. to the index now. less pain at the pump as gas prices continue to decline. the national average for a gallon of gas is $4.68, according to aaa. prices at the pump have been falling now for nearly a month. that s reportedly the longest streak of declines since april of 2020. but prices are still about $1.60 higher than a year ago. a big shake-up with the ....
Today! for all the bad numbers around the president at the moment, there is a hopeful positive trend. gas prices are down. one year ago it was $3.14 per gallon. one month ago, it was five dollars per gallon. now, $4.68. yes, still high, and $.32 less per gallon than just last month. it is a trend the president hopes continues, and he says energy will be a vital focus of his trip to the middle east this week. that trip includes a controversial stop in saudi arabia. in a weekend essay the president defends his plans and says he is has undone the trump era blank check approach to the saudi s. candidate biden promised to make the kingdom a pariah. ....