Statistics Canada said Tuesday the annual pace of inflation rose in April for the first time since it peaked in June last year. The agency said its consumer price index was up 4.4 percent compared with a year ago, up from a year-over-year increase of 4.3 percent in March. Statistics Canada said the first tick…

Commentary With some regions of America enjoying gasoline prices below $3 a gallon after a summer that saw the national average exceed $5 for the very first time, it’s tempting to lull oneself into thinking cheap gas will last. In fact, it won’t last for very much longer at all, especially with this administration’s never-ending…

Gasoline stations in France are facing issues getting enough supplies to meet demand amid a strike announced by workers of energy giant TotalEnergies. “There are temporary problems regarding distribution,” French government spokesman Olivier Veran told RMC Radio and BFMTV. Although 15 percent of the country’s gas stations were experiencing such “temporary difficulties” overall, 90 percent…

Despite gas prices rising over the past weeks, retail gas stations are seeing their margins decrease, putting a strain on such businesses. The national average price of regular gas, as of Oct. 5, was $3.831 per gallon, up $0.26 from the previous day, $0.66 from a week back, and $0.45 a month ago, according to…

White House Chief of Staff Ron Klain took a victory lap on behalf of President Joe Biden for what Klain described as a “historic decline” in gasoline prices to around $4 per gallon, crediting the president’s get-tough attitude toward U.S. oil producers for the multi-week fall of pump prices. Klain made the remarks in an…

Commentary President Joe Biden, who faces four-decade-high inflation and record-high gasoline prices, is set to depart for the Middle East this week. As part of his trip, he will visit the Kingdom of Saudi Arabia. He may not explicitly beseech the kingdom’s precocious crown prince, Mohammed bin Salman (MBS), for an increase in oil output,…

Commentary Joe Biden is a real pain in the pump. Yet, you’ve probably heard President Biden say it seemingly 100 times: “I’m doing everything I can to bring down gas prices.” Sure you are, Joe. When you came into office, the prices at the pump averaged $2.49 a gallon and now, we are at $5.01…

Gas prices in the state of Washington are hovering near $6 per gallon, with prices in other states also rising, putting further pressure on the budgets of American citizens. The average price of regular gas in Washington was $5.529 per gallon as of June 10, according to data from the American Automobile Association (AAA). In…

Senior Biden administration officials have acknowledged that soaring prices are hurting U.S. households, while promising action to tame runaway inflation that they admitted has persisted longer than anticipated. In separate interviews, Commerce Secretary Gina Raimondo and Transportation Secretary Pete Buttigieg conceded that Americans were feeling the pain from inflation, which has been running at a 40-year high….

Soaring gasoline prices in the United States have just hit a politically-charged milestone—they’re now double what they were when President Joe Biden took office. The average retail price of regular-grade gasoline climbed to its highest recorded price of $4.819 per gallon on June 4, according to the American Automobile Association (AAA). Besides setting a new…