Average American Consumer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

what a crazy day in the markets and for the economy. just when we thought the inflation news couldn't get worse, it did. a sign of what is coming. wholesale inflation that makes you think wait a minute. the retail inflation that is bad could get worse. susan li with more. >> the dow down sharply this morning after the near record high inflation numbers for producers. wholesale prices coming at 11% higher than last year. you couple that with the steepest consumer price increase and 41 years. we know that americans and companies are paying a lot more for their goods these days. meantim...

That we seize it. My presidency is entering the Fourth Quarter. Interesting stuff happens in the Fourth Quarter. And im looking forward to it. Going into the Fourth Quarter, you usually get a timeout. Im now looking forward to a quiet timeout. Christmas with my family. I want to wish everybody a measure wrimerry christmas, a happy hanukkah, a happy new year. I hope that all of you get time to spend with your families as well because one thing that we share is that were away too much from them. And now, josh has given me the whos been naughty and whos been nice list and im going to take some qu...

---the exxon went even lower to $1.69. one expert says competitive fuel prices are good news particularly for american drivers. >> the basic effect of lower prices of oil is more money in consumers pockets, we're a nation that still is a net importer of oil and that means that cheaper oil means more money for american consumers. >> this comes as congressional republicans are planning to start 2015 by pushing the long delayed and studied keystone xl pipeline. >> the first item up in the new senate will be the keystone xl pipeline. >> the president made the case that the pipeline is a lot of hyp...

There is very little impact. nominal impact on u.s. gas prices, what the average american consumer cares about by having this pipeline come through. the implication is it's going to lower gas prices in the united states. it's not. there's a global oil market. it's very good for canadian oil companies, and it's good for it's want going to be a big benefit to u.s. consumers. the creation of the pipeline itself will create a few thousand jobs. those are temporary jobs until it actually happens. there are probably some additional jobs that can be

There's very -- i'll say nominal impact on u.s. gas prices what the average american consumer cares about by having this pipeline come through. and sometimes the way this gets sold is, we're going to get this oil and it's going to come here and that's the implication that's going to lower gas prices here in the united states. it's not. there's a global oil market. it's very good for canadian oil companies. and it's good for the canadian oil industry but it's not going to be a huge benefit to u.s. consumers. it's not going to be a nominal benefit to u.s. consumers. now, the construction of the ...