#gas-prices

#gas-prices

Trump falsely claimed that the stock market had hit a new high on Thursday, while the Dow plunged over three hundred points. Trump spoke to press while visiting the Lincoln Memorial to inspect his renovation of the Reflecting Pool. A reporter asked the president about his pause on his operation to guide ships through the Strait of Hormuz, asking if he would resume the project due to high gas prices.

SCOTT: Mr. President, you are here against the backdrop of the war in a Iran. Why focus on all these projects right now with gas prices soaring? TRUMP: You know why? Because I wanna keep our country beautiful and safe. Beautiful also. This place was a disgusting place. It was Washington Monument, the Lincoln Memorial, and we had a terrible, disgusting you probably don't see dirt. But I do. And you walked down this pond. If you would've walked down they'll tell you better than anybody. They had to take 11 or 12 truckloads of garbage out of that lake, out of that water. And it sat there for years like that. And that's not what our country's about. Our country's about beauty, cleanliness, safety, great people. Not a filthy capital.

We find that households had very different experiences with gasoline spending. With the sharp increases in gasoline prices in March, a K-shaped pattern in gasoline consumption emerged-showing faster consumption growth for high income households relative to low-income households.

SIRIUSXM HOST MEGYN KELLY: By the way, I just want to correct myself. That was yesterday. Today, they've already gone off another 10 cents to $4 and almost 40 cents a barrel. It's 4.39 that the average gallon is costing.

"It usually would be shorter to drive, but the gas prices are high," said Joshua Newman of Washington, D.C., as he waited to board an Amtrak train for the first time in his life at Union Station this week.

California's gas prices have risen 30% since the start of the year, with the average price for regular gas in Los Angeles-Long Beach jumping from $4.67 in February to $5.93 in March. In San Francisco, the average increased from $4.83 to $5.99 during the same period.

Amazon is offering fuel savings for Prime members on Fridays - up to 20 cents per gallon - through May 29, aiming to attract cost-conscious shoppers.

Canada's annual inflation rate rose to 2.4% in March, driven by high prices for energy, especially gas, due to the war in Iran.

Cortland and Fleming said they spent about $5,000 and got the site live in a matter of days. Now, after building a product with AI from scratch, they have a message for students and aspiring engineers: use AI as both a tool and a teacher and make sure it's a little rude.

"We have seen a significant change in the dynamic. So definitely, when the American consumer sees an increase in fuel prices they try to move to solutions which are more friendly in terms of cost, especially in states like California."

Oklahoma's average price of a gallon of regular is $3.40 now, according to GasBuddy. By contrast, the state with the highest prices is California at $5.86, which is 72% higher than Oklahoma's.

Gasoline doesn't have a particularly high profit margin, which is partly why most gas stations double as convenience stores or offer fresh food. If chains like Buc-ee's and Sheetz can make more money by selling food, they can afford to lower their margins on gasoline.