Michael Klare: Why High Gas Prices are Here to StayTom Engelhardt
President Joe Biden has called for an investigation into persistently high gasoline prices. With the average price of gas around the U.S having climbed to $3.17 a gallon, Mr. Biden suggested that pandemic "profiteers" might be to blame. "There's lots of evidence that gas prices should be ...
For the average American who drives about about 15,000 miles a year and uses roughly 750 gallons of gas annually, that dollar increase per gallon has eaten about a $750 hole into the household budget per car. Americans have seen prices this high at the pump before, during the spike in 2...
Today, gas prices are 17% higher than they were five years ago. What’s keeping gas prices so high? Seasonal factors, inflation, supply-chain disruptions and gas tax hikes can play a role. But elevated oil prices are the main culprit. » MORE: Does the president control gas prices...
Oil and gas drilling hasincreasedunder Biden, but companies in the U.S. are constrained by tight supplies of rigs, trucks and labor that they need to supply more oil. "That degree of finger-pointing is unwarranted," De Haan said of blaming Mr. Biden's policies for high gas prices. ...
Around the world, prices of things are rising more than normal, and more worrying is that prices keep going up. 在世界各地,商品价格的涨幅都超过正常水平,更令人担忧的是价格在持续上涨。 Two things in particular are increasing in price – energy, like gas and electricity, and food. 特别是这两...
It’s unusual for gas prices to fall during the summer, because that’s the peak driving time for American motorists. Some analysts think the high prices have led drivers to cut back, but the evidence is mostly anecdotal. Some states suspended their gasoline taxes, shaving more off the final...
That’s not good at all. In this programme, we have been talking aboutinflation– that’s the increase in prices over time. Rob Other vocabulary we used included the expressionhit in the pocket– which means you have less money to spend. ...
Wholesale gas prices have surged by 250% since the beginning of the year, including a 70% rise since August. Sky News explains why this is happening and how it is disrupting the country's food supplies.
The last time gas prices increased drastically, sales of large Sport Utility Vehicles (SUVs) fell. Why? 答案: A.Higher gas prices increased the benefit of driving an SUV.B.Higher gas prices increased the cost of driving a SUV.C.Higher gas prices lowered the benefit of driving an SUV.D....