WASHINGTON — U.S. consumer price increases eased in August compared to a year ago, the government said Tuesday, but the drop was modest and may not be noticed much by financially squeezed American households. The inflation rate was up at an annualized 8.3% rate in August, the Bureau of Labor Statistics reported. The figure was down […]
“Corporate greed drives artificially high prices at the pump.” Over the past four months, Big Oil has rushed to raise gasoline prices—sometimes charging far more at the pump than the increased cost of oil would warrant—and dawdled to lower them when crude’s valuation declined, according to a new analysis released Monday by the progressive watchdog group Accountable.US. [pullquote]”The […]
The fresh calls came after new reporting detailed how rising U.S. crude exports have helped push the nation’s gas prices to record highs. With gas prices surging to unprecedented levels across the United States, President Joe Biden on Thursday faced fresh calls to use his authority to temporarily halt crude oil exports that—in addition to damaging […]
“It is common sense” to use such a tax to provide rebates to consumers, argued Rep. Ro Khanna. “You have these oil companies making record profits at a time of a national emergency.” Progressive members of Congress on Wednesday ramped up calls for a windfall profits tax on oil giants after President Joe Biden pleaded directly […]