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NATIONAL REGULAR GASOLINE PRICE HITS $5 A GALLON

Grumpy Editor notes national average retail price for regular gasoline hit $5 per gallon on Saturday for the first time in more than two decades, based on data from AAA.

 

The situation is likely to get worse as oil demand continues to outpace global oil supply, driving barrel prices even higher.

 

Prices at the pump Saturday were 63 cents higher than they were a month earlier and nearly $2 more than a year ago, according to the AAA tally.

 

Factors causing more pain at the pump for drivers include sanctions placed on Russia for its invasion of Ukraine, higher fuel demand as drivers are "reclaiming their travel time" after being restricted over the past two years and the official start of the hurricane season --- which could further threaten supply.

 

Probably the highest in the nation --- a gas station in Mendocino in Northern California posts regular gas for $9.60 a gallon.

 

 

IN CASE YOUR FAVORITE NEWS OUTLETS MISSED THESE...

 

ABC ATTRACTS MOST VIEWERS ON TV SPECIAL.  The prime time telecast of the Jan. 6, 2021, attack on the Capitol was watched by 20 million TV viewers.  ABC attracted the most, followed by MSNBC, NBC, CBS and CNN.

 

HOUSEHOLD NET WORTH FALLS.  Total U.S. Household Net worth fell $5.4 billion to $149.2 trillion in the January-March quarter, says the Federal Reserve.  It is the first net worth decline after seven quarters of expansion.

 

REVLON EYES CHAPTER 11.  Debt, competition, inflation and supply chain problems are factors in Revlon’s plans to file for Chapter 11 protection, perhaps this week.

 

PANDEMIC SMACKS SAN FRANCISCO.  Remote work boosted by the pandemic hits San Francisco harder than any other major U.S. city, according to new census data.  The city lost 6.3 percent (54,813 people) of its population from July 2020 to July 2021.

 

NEW ALCOHOL RULE FOR BARS AND RESTAURANTS.  By the end of summer, every California bar and restaurant employee who serves alcohol --- including those at wineries, breweries, distilleries, brewpubs, event centers and stadiums --- must obtain a new certification.

 

CHICAGO RESCUER AWARDED CAR.   A Chicago man who jumped onto train tracks to rescue a person who had fallen onto an electrified rail during a fight at an L station earned praise --- and was awarded a car plus a $25 gasoline card.

SOUGHT: RETAIN FIVE NAVY SHIPS.  The House Armed Services Committee seeks to save from retirement five Navy Ships, including the cruiser USS Vicksburg and four landing dock vessels. 

37 MILLION BIRDS HIT BY FLU.  Bird flu in Arizona leads to the death of 37 million birds in the central and eastern U.S., say wildlife officials.  First detections then highly contagious avian flu was four months ago in Indiana. 

 



This post first appeared on Grumpyeditor.com, please read the originial post: here

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NATIONAL REGULAR GASOLINE PRICE HITS $5 A GALLON

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