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    Gas prices have rocketed to another record high as the national average hit $4.48 a gallon today. Prices have surged by 15 cents over the last week, 40 cents over the past month and $1.43 in a year, according to the AAA. Meanwhile some states - such as California - are reporting spiraling prices of up to $5.98 this week. Russia's war in Ukraine is having a dramatic impact on the cost of crude oil - which sits at $114.20 a barrel. This coupled with rising inflation of 8.3 percent are the main culprits why drivers are spending more than $100 to fill up on full tank of regular unleaded gas in nearly a third of the country.  Gas prices in the US reached all-time high at $4.48 per gallon national average on Monday Gas prices are up by 27 per cent from the day before Russia brutally invaded Ukraine earlier this year. 'Everything is pointing toward even higher prices. We are well on our way toward $5,' Andy Lipow, president of Lipow Oil Associates, told CNN with prices almost sure to rise...
    SACRAMENTO, Calif. -- Gov. Gavin Newsom will likely announce another record-breaking budget surplus on Friday, giving him and state lawmakers lots of money to spend in a year the governor is expected to cruise to reelection for a second term.The surplus in California's general fund could be as high as $68 billion, up from the initial $29.6 billion surplus Newsom announced in January."Our revenues are up significantly above January," said Keely Martin Bosler, director of the California Department of Finance.Newsom has already said how he wants to spend most of the state's money this year. In January, the governor revealed a $286.4 billion budget proposal that would pay the health care expenses of all low-income immigrants living in the country illegally while also cutting taxes by about $5.5 billion for businesses - cuts Newsom has since signed into law.But that budget proposal was based on the administration's best guess of how much money California would have. Now that most people have paid their taxes, state officials know they will have a lot more money than they thought. Friday, Newsom will...
    A gas station is seen as the average price of gasoline reach all-time high at $4.37 per gallon (about 3.8 liters) in Virginia, USA on May 10, 2022. It's claimed that gasoline prices vary by region.Yasin Ozturk | Anadolu Agency | Getty Images Retail diesel and gasoline prices climbed to another record high Thursday, as rampant inflation sends costs across the economy surging. The national average for a regular gallon of gasoline hit $4.418 on Thursday, according to AAA. The price is not adjusted for inflation. Prices had previously hit all-time highs on Tuesday and Wednesday. Consumers are now paying 32 more cents per gallon than last month, which translates to $125 million more per day spent on gasoline, according to GasBuddy's Patrick De Haan. Prices at the pump are $1.41 more per gallon than last year. The national average crossed above $4 per gallon in March on the heels of Russia's invasion of Ukraine, and it's remained above that mark since. California has the highest state average at $5.853. In ten counties across the state, average prices are now...
    Gas prices across the US have soared - rising 17 cents in just a week - as they hit another record high due to increasing demand and rising oil prices. The national average price for a gallon of regular gasoline was $4.37, AAA reported Tuesday. This surpasses the prior record of $4.33 set on March 11. Drivers were paying $2.94 a gallon on average a year ago at this time. Analysts say crude prices are unlikely to fall as long as the supply remains tight. Tracy Noble, spokesperson for AAA Mid-Atlantic, says it now costs drivers in the United States an average of about $23 more to fill up than it did a year ago.  The record-setting numbers were released less than a week after a poll revealed that about 44 percent of Americans disapprove of how President Biden is handling the United States economy, according to a Reuters/Ipsos poll.  Gas prices across the US have soared - rising 17 cents in just a week - as they hit another record high due to increasing demand and rising oil prices The...
    CHICAGO (WLS) -- Gas prices are close to hitting yet another record high just ahead of the summer driving season."Not good, not good at all -- I'm personally glad that I work from home most days, but, driving downtown, it's ridiculous," said Katie Frigo, who was filling up Monday morning.At the BP on the corner of Wabash Avenue and Roosevelt Road in the South Loop, the price for a gallon of regular gas is $5.39.Nasir Guyton is just trying to keep up."You gotta figure it out. You gotta pay for rent, you know, food. It's hard," Guyton said.RELATED: Indiana gas tax increases by 10%, making it highest in state historyAverage gasoline prices in Chicago have risen 20.8 cents per gallon in the last week, averaging $4.80 per gallon Monday, according to GasBuddy's survey of more than 1,400 gas stations in Chicago."I don't think it gets much better, too much geopolitical conflict, too much going on around the world," Josh LaRue said.According to AAA, the national average for a gallon of regular is now $4.32, up 18 cents from last month,...
    CRISTIANO RONALDO achieved yet another incredible feat after netting a treble on Saturday. The Portuguese superstar, 37, scored a hat-trick to down Norwich City in the Premier League. 1Cristiano Ronaldo celebrates scoring a hat-trick against NorwichCredit: AFP 30 hat-tricks before 30 and 30 hat-tricks after 30. It’s time to unbalance the scale! ???????? pic.twitter.com/McgGZBmzyh— Cristiano Ronaldo (@Cristiano) April 17, 2022 It was his 30th hat-trick after turning 30, equalling the same amount he scored before reaching that milestone. That fact wasn't lost on Ronaldo, who took to Twitter to share his delight about his latest achievement - vowing to score even more. He wrote: "30 hat-tricks before 30 and 30 hat-tricks after 30. It’s time to unbalance the scale!" Of Ronaldo's sixty career hat-tricks, 44 came at Real Madrid. Read more in footballMan Utd news Erik ten Hag wants Bergwijn as first transfer, Cristiano Ronaldo LATESTgoing dutch Man Utd's Ten Hag appointment confirmed by Ajax technical director He has scored three across two spells at Manchester United, managed three in two seasons at Juventus, and has scored 10 for his...
    (CNN)The unprecedented rise in drug overdose deaths in the United States continues, reaching another record high, according to new provisional data published Wednesday by the US Centers for Disease Control and Prevention. Teen overdose deaths are rapidly rising -- but not because more of them are using drugsGet CNN Healths weekly newsletter Sign up here to get The Results Are In with Dr. Sanjay Gupta every Tuesday from the CNN Health team.The CDC estimates that 106,854 people died due to drug overdose in the 12-month period ending November 2021. Annual drug overdose deaths have more than doubled over the past six years, jumping 16% over the past year alone.Synthetic opioids -- including fentanyl -- were involved in about two-thirds of drug overdose deaths over the past year. While deaths involving heroin have declined in recent months, deaths involving synthetic opioids or psychostimulants have nearly doubled in number over the past two years. Over the past year, overdose deaths rose in all but three states: Wyoming, Hawaii and New Hampshire. A third of all overdose deaths occurred in five states:...
    According to early ratings, the 2022 Grammy Awards spiraled to another near-record low with just 8.93 million viewers. If that number holds, it’s less than a two-percent improvement over last year’s disastrous 8.8 million, which was a record low. Compared to 2020, just two years ago, we are talking about something around a 50 percent dive in viewership.  In 2020, 18.7 million tuned in. Between 2016 and 2019, Grammy Award viewership was between 25 million and 19.8 million. To drop below 10 million is catastrophic and tells you just how much the public is disgusted and turned off by celebrity woketards who either 1) play the victim, 2) shame and lecture the rest of us, or 3) are just unlikeable assholes in general. Watch below:  Imagine how broken the entertainment industry is when Jada Pinkett Smith is allowed to run around last week’s Oscars playing the victim over alopecia. When rich people get it, it’s called “alopecia.” When the rest of us get, it’s called “bald spots.” She has to shave her head like a concentration camp victim to “raise...
    Deshaun Watson's $230 million contract with the Cleveland Browns is 'another crushing blow to survivors' of abuse, according to one of the 22 women suing the NFL quarterback over allegations of sexual assault and harassment. That accuser, Lauren Baxley, penned an open letter about Watson for The Daily Beast after two grand juries in Texas declined to press charges against the three-time Pro Bowler earlier this month. She is one of six women to file the doomed criminal complaints against Watson, who still faces lawsuits from his 22 accusers. '… we shared the hope that he would be stopped—that somehow, he would not be enabled or emboldened to hurt even more women in the ways he hurt us,' wrote Baxley, who has been identified by name but not pictured publicly since suing Watson last year.' The 22 lawsuits claim Watson forced two women to perform oral sex on him, ejaculated on three women, and forcibly kissed another, while 18 women say Watson touched them with his penis during massages. Watson has denied the allegations from the women, most of whom...
    LOS ANGELES (CNS) -- The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 5.9 cents Saturday to a record high of $5.966, its 25th consecutive increase.The average price has increased $1.179 during the streak, including 1.8 cents Friday, setting a record each day, according to figures from the AAA and Oil Price Information Service. It is 15.2 cents more than one week ago, $1.182 higher than one month ago and $2.044 greater than one year ago.The Orange County average price rose 5.4 cents to a record high of $5.922, its 28th consecutive increase. It has risen $1.162 during the streak, including 1.7 cents Friday.The Orange County average price is 13.3 cents more than one week ago, $1.162 higher than one month ago and $2.017 greater than one year ago.The Los Angeles County average price has risen 13 cents over the past four days after increasing by 3.4 cents the preceding four days, while the Orange County average price has risen 12.2 cents over the past four days after increasing by 2.7 cents the preceding...
    While wages are rising as well, any increase in worker paychecks is being erased by higher prices at the gas pump and the grocery store. At face value, wages rose 5.1% over last year. But adjusted for inflation, average hourly earnings actually fell by 0.8% in February and decreased by 2.6% over the past year, according to BLS data. Most Americans have effectively taken a pay cut because of inflation, and that's showing in the cost of living. A recent report by LendingCLub found that at the start of 2022, 64% of Americans were living paycheck to paycheck, up from 61% in December and approaching the high of 65% from 2020. As it turns out, inflation was not "transitory," as many policymakers had suggested last year. The Federal Reserve is expected to announce the first of a series of interest rate hikes next year in an attempt to combat rising prices. It will be the first interest rate increase in more than three years and a reversal of the Fed's zero interest rate policy, according...
    urbazon | E+ | Getty Images An inflation gauge closely watched by the Federal Reserve has reached a record high. The core Personal Consumption Expenditures Price Index climbed 4.9% from a year ago in December. The index measures the prices people pay in the U.S. for goods and services, excluding food and energy, which tend to have more volatile prices. The 4.9% gain represents the biggest jump since September 1983, in yet another inflation record. More from Personal Finance:3 key reasons to keep your will or estate plan updatedTax season is underway. How to get a faster refundHere's a financial road map for the rest of the year Consumers who face day-to-day price increases in recent months likely won't be surprised by that news. Inflation — which some experts had initially promised would be transitory — has lasted longer than many had hoped. There may not be an immediate fix as pandemic conditions contribute to higher prices and supply chain issues.VIDEO5:3105:31December core PCE prices rise 4.9%, biggest gain since September 1983Squawk BoxBut experts say there are steps people can take...
    New COVID infections in the US dropped by 47 per cent in a week, sparking cautious hopes that the latest surge triggered by the Omicron variant may have peaked. DailyMail.com analysis of Johns Hopkins University data found there were 721,651 new cases recorded between midnight Monday and midnight Tuesday. That is a dramatic drop on the 1.364 million cases recorded for the same period last week, which broke the record for the highest-day single diagnoses in the US since the pandemic began. Deaths have also slumped by 38 per cent too, from 1,835 last Monday, to 1,125 yesterday. The sharp drop is almost certainly at least partly due to Martin Luther King Jr Day, with many states not sharing their latest figures on public holidays and weekends.  But COVID cases have been plunging for days in those states hardest hit by Omicron when it first arrived in the US in early December, suggesting the latest phase pandemic could really be drawing to a close. Meanwhile, Dr. Anthony Fauci, the nation's top infectious disease expert, put a fly in the ointment after warning...
              by Harry Wilmerding   The Producer Price Index (PPI), which measures inflation at the wholesale level, surged to 9.7% on a year-over-year basis as of December 2021, marking the highest rate in history, the U.S. Bureau of Labor Statistics (BLS) announced Thursday. The BLS reported that the PPI grew 0.2% in December as prices continued to soar amid growing supply chain disruptions and COVID-19 concerns. As of November, the measure grew 9.6% on a year-over basis and 0.8% in that month alone. Dow Jones economists projected the PPI would grow by 0.4% in December, according to CNBC. “Persistent supply disruptions will pin producer prices near record levels in the near term, especially given a rapidly spreading Omicron variant that will fan inflation pressures,” Mahir Rasheed, U.S. economist at Oxford Economics, said in a statement obtained by the Daily Caller News Foundation. Meanwhile, the Consumer Price Index (CPI) increased 0.5% in December, bringing the key inflation indicator’s year-over-year increase to 7%, the BLS reported Wednesday. “The news today that Biden’s first year in office, the producer price index rose by an all-time high 9.7% – the highest annual rate...
    Women wearing protective face masks pose for a picture in front of the Eiffel Tower.Chesnot | Getty Images News | Getty Images The euro zone's inflation rate hit another record high in December, coming in at 5% according to preliminary data released Friday. Inflation has been under the spotlight after consecutive increases in recent months, with money managers debating whether the European Central Bank should be taking a more aggressive stance to combat rising prices. The central bank said last month that it would be cutting its monthly asset purchases, but vowed to continue its unprecedented level of stimulus in 2022. "Monetary accommodation is still needed for inflation to stabilize at the 2% inflation target over the medium term," the ECB said at the time. Its forecasts, updated in December, put headline inflation at 1.8% in both 2023 and 2024. It expects the rate to overshoot the bank's target in 2022, however, coming in at 3.2%. Economists argue that the pandemic and inflation are among the biggest risks for economic performance in 2022. "If inflation were to spring further and persistent upside...
    The COVID 'blizzard' forecast to hit the US within weeks seems to have arrived in New York early, as the state on Thursday reached a new one-day record 76,555 cases - nearly 10,000 new infections in 24 hours, according to Gov. Kathy Hochul. And the city braces for a further battering the Omicron variant, urgent care testing sites across the five boroughs have been forced to close due to staffing shortages brought on by the virus, with providers warning more are on the verge of shuttering.  The raging new strain of COVID-19 threatens to over tax the city's health care system as hospitalizations reach 3,295, nearly 8,000 statewide, and 80 New Yorkers died of the bug since Thursday. 'We're heading into a new season, a new year, the kids are going back to school, our hospitals are overstretched,' Gov. Kathy Hochul said Friday, New Year's Eve.  'It's not a wave like the waves of the past,' she warned. 'The numbers do continue to rise...It's almost not worth it to say we're breaking records, we're breaking records every day.' On the...
    Germany needs to impose tough Covid restrictions 'immediately' or risk seeing 100,000 new deaths, a top Berlin virologist has said.   The warning from Christian Drosten, head of virology at Berlin's Charite University Hospital, came as the country saw yet another record day of coronavirus cases. Speaking on his NDR podcast, Drosten said that 100,000 deaths was a 'conservative estimate' as cases continue to rise, adding that another lockdown would be needed if vaccinations do not quickly accelerate.  Christian Drosten, head of virology at Berlin's Charite University Hospital (pictured, file photo) has warned Germany could see 100,000 new deaths from Covid-19 if the government does not impose new contact restrictions to stem the spread of the virus 'We have a real emergency situation now,' he said of the situation at many hospital intensive care units across the country. 'We need to do something immediately.'  Since the start of the pandemic, 96,963 people have died with Covid-19 in Germany, according to official figures.  Mr Drosten, one of the county's top virologists, said he expects 'a very strenuous winter' if vaccinations do not pick up quickly,...
    Inflation expectations among U.S. consumers jumped again in October after climbing unevenly for over a year, a survey from the Federal Reserve Bank of New York showed Monday. Household expectations for inflation over the coming year climbed to 5.7 percent in October from 5.3 percent the previous month, according to the monthly Survey of Consumer Expectations. Median expected inflation over the next three years held steady at 4.2 percent. Both the one-year and three-year are the highest since the survey began in 2013. This is the fourth consecutive record high in the one-year metric. The survey breaks households down by income, education, and several other characteristics. All education levels and income levels expected more year-ahead inflation in October than a month prior. Households with high and low levels of numeracy expected more inflation. In addition to expecting more inflation, Americans are less certain about inflation in both the one-year and three-year window. Americans expect big price hikes on food, gasoline, and rent. Food and gas prices are both expected to climbed by more than nine percent. On average, rents are expected...
    ARSENAL fans are celebrating 'Invincibles Day' after West Ham beat Liverpool 3-2. The Reds were the only team unbeaten team left in the Premier League ahead of their visit to the London Stadium. 3West Ham ended Liverpool's unbeaten record with a 3-2 win 3One fan posted this image on Twitter to celebrate Liverpool's defeatCredit: Bleacher Report But defeat means they cannot match Arsenal's invincible 2003-04 season. It is a triumph no other club has managed in the Premier League and a record many Arsenal fans are proud of, regardless of how well the current team is fairing. But after the Gunners stretched their unbeaten run to ten games with a win over Watford, it is a very good day to be an Arsenal fan. West Ham's win means Arsenal are just two points off fourth-placed Liverpool. That is some achievement after 11 games considering Arsenal lost their opening three Prem matches. They have a long way to go to reach the heights of the Invincible era but supporters still took the opportunity to gloat about past success. Most read in...