The prices at the pump here in Corpus Christi are an average of $2.47 as of Dec. 28. The cheapest gallon of gas is going for $2.48 at Sam's Club, located at 4833 South Padre Island Drive.
The prices at the pump here in Corpus Christi are an average of $2.47 as of Dec. 28. The cheapest gallon of gas is going for $2.48 at Sam's Club, located at 4833 South Padre Island Drive.
Gasoline, has become one of the main economic growth drivers in several countries worldwide. However, this commodity is susceptible to several market dynamics that impact consumers, while the US holds a significant percentage share of global consumption.
Fargo that shows that energy earnings, this would be the companies the produce the gas that goes into our gas tanks, are going to grow by more than 200% this quarter. how does that factor into what americans are paying at the pump? is this about supply and demand or energy companies trying to take advantage of the situation? well, ryan, there s no doubt that energy companies have been taking advantage of inflation to raise their prices, you know, as high as they possibly can. these big oil companies are making money hand over fist. they are showing record profits. there s absolutely no reason they ought to be raising their gas pump prices as fast and as much as they are. that s why we need a windfall profits tax. even the conservative government in britain has passed a windfall profits tax on oil companies and we ought to do the same thing here. democrats have been trying to convince senator joe manchin to
Anti-fossil fuel agenda. from gas pump prices to the grocery aisle, 401(k)s, by his failures now are as undeniable as ever. as obvious as ever, and frankly, as dangerous as ever. such an item going to start by asking a couple of very simple and a couple of very straightforward questions. have you ever seen one president, one administration, failed as much this past? have you ever seen more incompetence, more bad policy, more outright lying than what we are now seeing from joe biden and the destructive democratic agenda? literally on a day-to-day basis. record high gas prices, 41 year high inflation, reckless spending, weak. i mean very weak, pathetically weak diplomacy abroad, abandoning our fellow americans behind enemy lines in the islamic emirates of afghanistan, rising crime, baby formula shortage, were lightless attacks on, refusing to condemn
Or if you had a vaccine or plan to. emerge tremfyant® with tremfya®. ask you doctor about tremfya® today. time now for business and let s bring in cnbc s rosanna lockwood who joins us live from london. so many economic headlines with tightening on russia and over the weekend, stopping services there but it feels like the story right now, oil prices. they re continuing to surge this morning, as the market reacts to the possibility of a ban on russian oil and natural gas. tell us more. what do you know? yes i think a lot of viewers will wake up this morning, if they haven t not filled up cars over the weekend to find out that gas pump prices have soared enormously. gas prices at the pump about to jump 11% over the past week, the highest level since 2008, the national average for a gallon of
Take up to three months and have to go through fda processes, that means that the global economy could be shuddered ten temporarily. travel restrictions hurt economic activity, and so it s really entirely depending on whether this variant about which we know something, but not a lot, is number one, more transmisable, number two, more lethal, and number three, most important here, can evade the protection you get from vaccines which effectively would put us back for a short time at square one with respect to the coronavirus. that s what the market would fear the most. ron, thank you for clearing things up. i m nebulous on the issue of the stock market. to hear you clearly tell us what s going on, i appreciate it. tyler, now the president wants to tout the positives like private sector job gains but americans are feeling the crunch. ron was talking about this. the inflation, the gas pump
Speak to an energy crisis rocking americans as they hit the road for the holidays. it s the issue bringing americans together unfortunately from coast-to-coast. sticker shock at the gas pump prices are soaring. up 16% from last year. topping $4 a gallon in some places. trace, you are seeing atop $5 i m sure. dollar tree, it has kept its prices at a dollar for 35 years, it s announced it has to raise prices on most of its goods. no longer the dollar store. they are raising their items to a dollar and $0.25. the ceo calls it a monumental shift. others call it inflation. trace: $5.60 a gallon, just saying, outside the door. this year is setting up to be the most expensive things giving ever for american families,
Saudi arabia. it s part of it. this idea that global growth won t be so growth. what fuels growth? oil. shepard: oil down is good for the gas pump prices. good for americans. everyday folks ought to be happy. and the other thing, big banks are down. this is confounding. we got a positive report on inflation meaning that inflation was not as high as we thought it was going to be. shepard: great. banks make money in a high inflation environment. not so much now. you know, the big names, the red banks, the blue bank, they re all struggling today about 3% down. i m talking about j.p. morgan chase shepard: for people on fixed incomes, they ve been waiting for a place to put money. treasury bonds, close to 3% over three months. that s better than we ve seen in a long time. so you have to think that the products for sabers will improve as well over time. they haven t done that much yet. we re expecting to see more and
Thanksgiving, and the good news is that drivers should pay the lowest gas pump prices in seven years. more than half of u.s. stations are selling gas for less than 2 bucks a gallon. and pump prices are down 75 cents compared to this time last year. still to come in the newsroom, french police say a second terror attack was just hours away before it was thwarted. that and new details about another suspected terrorist on the loose next. (vo) some call it giving back. we call it share the love. during our share the love event, get a new subaru, and we ll donate $250 to those in need. bringing our total donations to over sixty-five million dollars. and bringing love where it s needed most. love. it s what makes a subaru, a subaru.