Joe Biden Phil Flynn Usa state Pennsylvania Russia city Harrisburg, state Pennsylvania Ukraine president information economy Joe Biden Phil Flynn Usa state Pennsylvania Russia city Harrisburg, state Pennsylvania Ukraine

US gas prices tick up, ending 99-day streak of lower costs

Reading now: 622
www.fox29.com

HARRISBURG, Pa. - A 99-day run of falling gasoline prices — a streak that gave consumers a glimmer of hope that red-hot inflation might be cooling — has ended, with pump prices still much higher than a year ago.The nationwide average price for a gallon ticked up less than a penny Wednesday, to $3.68 a gallon, according to AAA.

That's down from the record $5.02 average in mid-June.The question now is whether Wednesday’s increase is just a blip or the precursor to the return of higher prices.

The answer matters to motorists and to President Joe Biden, who has taken credit for driving prices lower by releasing millions of barrels of oil from the nation’s reserves.The 14-week decline in prices was the longest streak since 2015.Gasoline prices mostly reflect trends in global oil prices, and crude — both the U.S.

benchmark and the international Brent — have been slumping since mid-June on growing fears of a global recession that would reduce demand for energy.Many energy analysts believe that prices are more likely to rise than fall in the next few months.

Read more on fox29.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Sri Lanka & 53 poor nations urgently need debt relief: UN - newsfirst.lk - Sri Lanka - Washington - county Geneva
newsfirst.lk
47%
748
Sri Lanka & 53 poor nations urgently need debt relief: UN
COLOMBO (News 1st) – Cascading global crises have left 54 countries including Sri Lanka – home to more than half of the world's poorest people — in dire need of debt relief, the UN said Tuesday (11).In a new report, the United Nations Development Programme warned that dozens of developing nations were facing a rapidly deepening debt crisis and that "the risks of inaction are dire".UNDP said without immediate relief, at least 54 countries would see rising poverty levels, and "desperately needed investments in climate adaptation and mitigation will not happen".That was worrisome since the affected countries were "among the most climate-vulnerable in the world".The agency's report, published ahead of meetings of the International Monetary Fund, the World Bank, and also of G20 finance ministers in Washington, highlighted the need for swift action.But despite repeated warnings, "little has happened so far, and the risks have been growing," UNDP chief Achim Steiner told reporters in Geneva."That crisis is intensifying and threatening to spill over into an entrenched development crisis across dozens of countries across the world."The poor, indebted countries are facing converging economic pressures and many find it impossible to pay back their debt or access new financing.'Volatility'"Market conditions are shifting rapidly as a synchronised fiscal and monetary contraction and low growth are fuelling volatility around the globe," UNDP said.The UN agency said debt troubles had been brewing in many of the affected countries long before the Covid-19 pandemic hit."The rapid build-up in debt over the past decade has been consistently underestimated," it said.The freeze on debt repayment during the Covid crisis to lighten their burden
Ranil Wickremesinghe - Immediate responses to public letters – Directive from President - newsfirst.lk
newsfirst.lk
60%
705
Immediate responses to public letters – Directive from President
COLOMBO (News 1st) –  President Ranil Wickremesinghe has issued instructions to streamline the process of responding to letters, emails and phone calls addressed to government institutions. The president has focussed his attention on streamlining and expediting the process of responding to letters, emails, and phone calls by the public instead of them having to waste their time, effort, and money by having to come to these institutions personally to attend to their requirements. Accordingly, a special letter signed by the Secretary of the Ministry of Public Administration, Home Affairs, Provincial Councils and Local Government, including provisions in replying to letters, e-mails and telephone calls addressed to government institutions, has been sent to all ministry secretaries, provincial chief secretaries, and Heads of departments.Priority should be given to general letters from the public to government institutions, and in case final replies cannot be sent immediately, an interim reply stating that the letter has been received should be sent within one week and a final reply should be sent within four (04) weeks. In addition, for all official letters, the direct telephone number, fax number, and e-mail address of the staff officer in charge of the subject should be mentioned below the signature of the relevant letter when sending reply letters.Emails sent to public email addresses of relevant offices should be checked daily and a specific officer should be assigned for the purpose.
DMCA