The average price for a gallon of regular gas fell below $4 for the first time in five months, according to AAA. The relief comes from an increase in global oil supply and a decrease in fuel demand. Errol Barnett takes a look.
#gasprices #news
“CBS Evening News with Norah O’Donnell” delivers the latest news and original reporting, and goes beyond the headlines with context and depth. Catch the “CBS Evening News” weeknights at 6:30 p.m. ET on the CBS Television Network and at 10 p.m. ET on the CBS News app.
Subscribe to the “CBS Evening News” YouTube channel: https://bit.ly/1S7Dhik
Watch full episodes of “CBS Evening News”: https://cbsn.ws/23XekKA
Follow “CBS Evening News” on Instagram: https://bit.ly/1T8icTO
Like “CBS Evening News” on Facebook: https://on.fb.me/1KxYobb
Follow “CBS Evening News” on Twitter: https://bit.ly/1O3dTTe
Download the CBS News app: https://cbsn.ws/1Xb1WC8
Try Paramount+ free: https://bit.ly/2OiW1kZ
For video licensing inquiries, contact: licensing@veritone.com
19 Comments
Happy birthday 🎁🎊🎂🎉🎈
Just in time for the midterms, many will say🤣
No, it’s actually a small proof of the great job this administration is doing!
As we thought. Through fear they was jacking up gas prices for profit only ⚠️
But BIDEN voters love high gas prices!
Yea right such lies not in NY 4.65 still
People want to blame the president for everything for the guys the guy said probably would have went up to $10 a gallon that's something to do with the prison I have to do with them damn corporate fools that punch out the gas there's a bunch of fields that's never been touched that needs to be used and start making gas but the corporations don't want to do that because the gas price and go down too far.
“What does it feel like, to be a little more like how things were before the election was stolen?”
No thanks to Biden who drive the price over $5 a gallon, a couple cents drop just means the next raise in price will be over $6 a gallon
Hare Krishna Hare Krishna Krishna Krishna Hare Hare Hare Rama Hare Rama Rama Rama Hare Hare
÷÷÷
It's been below 4 dollar's for quite sometime in TN. I guess it's much cheaper now. I'll let y'all know when I get gas tonight
Finally, some good news. joe biden is now slightly more popular than childhood leukemia.
Where where
How did it feel when went two years ago you paid under $2 how did you feel with two years ago you paid on the two dollars how was it 2 years ago when the price of gasoline was under $2 how did that help the poor people of America when gasoline was under $2 2 years ago $2 2 years ago
Everything else is still skyhigh.
Let's go Brandon.
South jersey still 4.15
LOL gas was $2.20 in 2020. Classic brainwashing. They are trying to normalized high energy prices 😂
We contributed for CBS to cover a story that would make the Biden administration look good and THIS was the best they could come up with? Midterms are coming up, folks. Get this media machine up and running for goodness sake. Stick to the gosh darn script of "max pressure on pubs, max leniency on dems."
I bought gas today at $3.5 per gallon, and the extra profit margin I paid per gallon is $1,00. This is extra profit margin is due to Monopoly Power of oil corporations. Even if the country a river of oil, oil corporations will sell us the gas at higher price than the competitive price. Big corporations do not not follow the rules of free market capitalism. People get exploited.
The starting date of Inflation according to my own calculation was March 2020. I listed most of the price of consumer goods. All prices are gone by an average of 50 percent upto yesterday. Our monthy budget for food is enough for two weeks only. My wife and I have to drain our saving for two weeks purchase of consumer products.
We got raise on average of 4 percent annually over the last two years. if I take out the 8 percent raise for the two years from the inflation I am short of 42 percent. This means each dollar of my check is losing 42 cents. This loss is for Your Biden's Eyes only.
I heard Biden telling lies that inflation over one month is zero. But this fake way. My caculation of inflation is better because it fixes the starting point and list the prices at that point and compare them to the prices of now. You shall see how your behind s is whipped by Biden's Stagflation. You may get even out if you get raise of 50 percent over two years. Then your dollar is one dollar.
Still, The Federal Reserve cannot solve the high prices. Because all the prices of products we import from China are sold at 30 percent higher because of Trump's Tariffs. If you buy gas for your cars, you have to pay the extra profit margin (which means double of the profit margin). No politician with dignity can take that profit away from oil corporations. It follows, we will continue paying high prices on many products we use. Our economy depends on imports, Because capitalists moved out to other countries for very high profit rates.
Most people don't even realise that the economy is collapsing and there is an increasing rate of unemployment worldwide 🌍 so take advantage and prepare while things are still on the shelf in the store.