Inflation surged 9.1% in June, spiking to its highest level since November 1981 as Americans faced record gas prices, soaring rents and abnormally high grocery bills.
Inflation surged to a new pandemic-era peak in June, with US consumer prices jumping by 9.1% year-over-year, according to fresh data released Wednesday by the Bureau of Labor Statistics.
Soaring gas prices have even hit Britney Spears. The 'Stronger singer needed the police to bail her out after her white Mercedes's gas tank hit E while driving down a busy LA highway.
Biden mentioned energy prominently while describing a private meeting with bin Salman — as high pump prices and the worst inflation in 41 years have sent the president's approval rating as low as 33%.
CNBC anchor Becky Quick grilled Biden Cabinet member Pete Buttigieg on Wednesday as to whether the White House was premature in “taking a victory lap” over a recent decline in gas prices. Quick asked Buttigieg, the Transportation Secretary, if...
Republican congressional candidate Ron Bassilian ripped into Eyre, calling him a "ghoul" and arguing that gas prices are "inelastic” to American drivers.
President Biden was mocked online for touting falling gas prices -- although they are still nearly twice as high as when he took office -- in a tweet that contained a typo.
Rising gas prices and cost increases in other sectors have furthermore prompted 42% to seek a higher-paid job or side hustle in order to pay for the cost of maintenance.
The White House has been taking credit for falling gas prices -- but experts say the real reason for the drop is that Americans are cutting back on driving and postponing vacations due to record levels of inflation.
Twitter went wild over a CNN Business article on Friday spinning recently-lowered gas prices in the country as a “$100-a-month raise.” The piece, written by CNN Business senior writer Chris Isidore, argued that since gas prices have dropped...