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Easier for families to get more formula. the first step he says he wants to cut the red tape to get more infant formula to store shelves quicker by adjusting some of the standards of the women, infants and children program. so many people rely on that to get their formula. the second thing the administration is now saying they re going to do is they re calling on the ftc and state attorneys general to crack down on any sort of secondary market, price gouging, things like that. and the third thing, which is i think the most interesting point here, is the biden administration wants to increase formula supply by importing more and making that easier. that s something abbott is already trying to do on its own. a story that s picking up a lot of steam here in washington and is of high interest in the hak house too with baby girl haake on the way. us too. ? jo ling kent, thank you. thanks, garrett. the price at the pump hit another record high today. the national average for gasoline ....
Cal: our confident forever plan is possible with a cfp® professional. a cfp® professional can help you build a complete financial plan. visit letsmakeaplan.org to find your cfp® professional. gas prices hit a new record high today. triple a reporting that the nationwide average for a gallon of regular gas is $4.42, just one sign, again, of the inflation crisis that is now president biden s top domestic priority. it also has him on defense, ....
What the heck is going on with this economy, what should our leaders be doing about it, and how fearful should we be we don t know what bottom looks like it? let s start with the numbers. it s no surprise to anyone who s been at a gas station or grocery store you are paying more for essentials, meat, eggs, fuel. does rising costs are inescapable to anyone right now in america. aaa said the average price of a gallon of gas right now in the united states is $4.42 for regular, $5.56 for diesel. both the record highs. northeastern pennsylvania, diesel is 6.50. it is all up 40 and 50%, $0.56 here it it puts a pinch on everything. adding to the pain out there, there is a severe baby formula short hitting the country right now with shelves and see in store spirit that is more about how those companies manage their supply, more so than it is anything else, but it only adds to the consternation people feel right now about the economy. they are expected to announce some action on the baby formul ....
What s that all about? well, let s look at what s going on with gas prices. third day in a row the national average, 4.42. oil prices cooled off if you recall in april. the biden administration released a record setting amount of emergency oil. prices got to as low as $4.07. that relief was short-lived. the biden administration announcing at the same time prices are high, the interior department cancelling three oil and gas lease sales. they said they didn t have any interest in the industry. the industry not happy about it. they re crying foul. it matters because demand has obviously returned big time. prices have returned. but u.s. oil output has not. check this out. you can see that this was the peak. this was record highs before ....
It gets more dramatic in certain markets. a national index of 20 cities shows prices in phoenix jumping 32. %. tampa jumped 30.8%. miami, 28.1% over the previous year. as you might expect, mortgage rates are also going up. according to freddie mac, 30-year fixed rate morage averaged 4.of 7% week ending ma 31st up from 4.42% the week before. that combined with inflation and instabilities in oil markets caused by russia s invasion ukraine led to anxiety over what comes next. to discuss this morning a senior economist and manager of economic research with realtor.com. george, appreciate having your expertise with us. do you have any indications or seeing any indications that prices are going to settle down or decrease? do you share the concern over ....