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Governors Warn Gas Shortage Caused by Panic Buying As 4 States Declare Emergency

Governors Warn Gas Shortage Caused by Panic Buying As 4 States Declare Emergency On 5/11/21 at 9:43 PM EDT The governors of Virginia, Florida, North Carolina and Georgia have declared states of emergency Tuesday night, as motorists along the Eastern Seaboard wait in long lines trying to buy high-priced gas during a fuel shortage experts warn is being caused by panic buying. Reports of possible gas shortages and climbing prices due to the Colonial Pipeline cyberattack have pushed consumers out to the pumps to stock up on gas while they think they still can. Some people took to Twitter to share images of long lines and gas-hoarding they encountered. But governors and other officials are asking citizens to avoid over-buying gas out of fear since that very practice is what s actually driving current shortages.

Pipeline closure vexes drivers at US gas pumps

  Brandon Balkcom fills up his motorcycle as cars line up at a Citgo in Atlanta, Georgia on May 11, 2021. [Photo/Agencies] Gasoline stations from Florida to Virginia were running on empty as motorists made a run on gas as the closure of the US largest fuel pipeline entered its fifth day Tuesday after an alleged ransomware attack. Officials urged customers not to hoard gasoline as Colonial Pipeline, headquartered in Alpharetta, Georgia, has forecast that it will need until the weekend to substantially restore operations of the 5,500-mile pipeline network that supplies nearly half of the East Coast s fuel. The pipeline daily transports more than 100 million gallons of gasoline, diesel, jet fuel and heating oil, or roughly 45 percent of fuel consumed on the Eastern Seaboard between the Gulf Coast and the New York metropolitan area.

Republican governors reject unemployment aid to force Americans back to work

Republican governors reject unemployment aid to force Americans back to work
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A disappointing jobs report shows rocky road for the recovery and Biden s efforts to push new spending

A disappointing jobs report shows rocky road for the recovery and Biden’s efforts to push new spending Jim Puzzanghera © Patrick Semansky President Biden spoke about the April jobs report in the East Room of the White House on Friday in Washington. WASHINGTON A stunningly disappointing jobs report Friday demonstrates the rocky road to economic recovery from the pandemic and complicates President Biden’s push to sell trillions of dollars in new infrastructure and social safety net spending funded by taxes on corporations and the wealthy. The 266,000 jobs added in April marked a steep drop from the previous month and came in far below analysts’ forecasts of nearly a million new hires driven by COVID restrictions easing. The unemployment rate edged up to 6.1 percent, the first increase since the recovery began, but for a good reason more people were actively looking for work.

States declining federal unemployment funds a huge mistake, economists say

States declining federal unemployment funds a huge mistake, economists say US Job growth slows sharply Replay Video UP NEXT South Carolina and Montana residents will be cut off from federal pandemic unemployment benefits next month, with Republican governors in each state claiming the payments have led to a workforce shortage. Economists say that s not the case. Employers are just angry that they are unable to find workers at relatively low wages, Heidi Shierholz, a senior economist and director of policy at the Economic Policy Institute, said in an interview. The jobs being posted are more stressful, more risky, harder jobs than they were pre-COVID. . When the job is more stressful, then it should command a higher wage.

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