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US gas prices fall below $4 a gallon

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Us Gas Prices Fall Below $4 A Gallon
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U.S. gasoline prices fell below $4 a gallon on Thursday, returning to their lowest level since March, a drop that provided relief to Americans struggling with the skyrocketing cost of everything from groceries on rent.

The national average cost of a gallon of regular gasoline now stands at $3.99, according to AAA. That’s higher than a year ago, but still well below the peak near $5.02 in mid-June. Energy costs are fueling general measures of inflation, so the decline is also good news for policymakers who have struggled to contain price increases and for President Biden, who has pledged reduce gas costs.

The national average includes a wide range of prices, from nearly $5 a gallon in Oregon and Nevada to around $3.50 in Texas and Oklahoma. But, broadly speaking, the decline reflects a number of factors: weaker demand, as high costs have kept some drivers off the roads; a sharp drop in world oil prices in recent months; and the fact that a handful of states have suspended gasoline taxes.

Whatever the causes, the lower prices are a welcome change for drivers for whom the added expense – often $10-15 more for a tank of gas – had become another hurdle as they sought to regain a normal life after the coronavirus pandemic.

“We have new diseases and rising inflation, and people are expecting a recession,” said Zindy Contreras, a student and part-time waitress in Los Angeles, where gas prices are near 5. $40 a gallon. “If I didn’t have to worry about my tank of gas costing $70, that would be a huge relief, for once.”

Ms. Contreras only half-filled her 2008 Mazda 3 due to higher prices, which cost her between $25 and $30 each visit to the pump, and she had found opportunities to carpool with friends . These days, Ms Contreras typically takes gas twice a week, driving 15 miles to and from work each week and an additional 10 to 50 miles a week, depending on her plans.

“The pressure on affordability becomes very real when you see these high prices at the gas pump,” said Beth Ann Bovino, chief U.S. economist at S&P Global. “So in that sense, it’s definitely a positive sign for those people who are struggling.”

That cushion – money not spent on gasoline that can go elsewhere – extends to businesses as well, especially as the price of diesel fuel also falls. Diesel, which is used to power, for example, farm equipment, construction machinery and long-haul trucks, also fell from June’s record, but at a slower pace than gasoline prices .

Lower gasoline prices are also good news for the economy, as businesses are under less pressure to pass on energy costs to their customers, which would add to the country’s inflation problem.

The government announced this week that consumer price inflation slowed in July to an annual rate of 8.5% from 9.1% in June, largely thanks to lower petrol prices . If it persists, the slowdown in inflation could allow the Federal Reserve to ease its interest rate hike campaign.

It would also be something of a victory for Mr Biden, who has spent the past several weeks clamoring for lower gas prices, even as he says he expects to do more to cut costs. Mr Biden has criticized oil companies for their record profits thanks to high oil and gas prices, and this year he released some of the country’s oil stocks in a bid to prevent prices from rising too fast.

“I will continue to do what I can to bring down the price of gasoline at the pump,” he said during a briefing in late July.

Even as they watch prices fall, economists and consumers say they wonder if this is a temporary reversal.

“I’m not ready for it to go a little higher and then fight here to fill it up,” said Christina Beliard, a 27-year-old fashion influencer in Bridgeport, Connecticut.

Ms. Beliard bought a Jeep Wrangler last year but now regrets the purchase because the vehicle isn’t as fuel efficient as the Toyota Camry she used to drive. For work, she sometimes has to drive to her accounts on TikTok and Instagram, platforms on which she promotes brands, and to attend events in New York, about 60 miles from her home.

Connecticut is one of the states that has suspended its gasoline tax until November. And Ms. Beliard, who used to spend $95 to $100 a week to fill up her Jeep, is now paying $74 to $80. Yet she is tired of the high tab.

“I’m trying to figure out, how long is this going to last?” ” she says.

This is a difficult question to answer. More than half of the cost of gasoline at the pump is determined by global oil prices, and these are volatile and subject to a myriad of forces, many of which are difficult to predict.

Oil prices fell to their lowest point since the start of the war in Ukraine in February, a drop that reflects growing concern that a global recession will hit demand for crude. Prices could rise again for several reasons: the tide of war could further hamper global oil supplies, energy investors’ views on the economy could change, and hurricanes later this year could damage refineries and pipelines. from the Gulf Coast, choking off the supply.

For now, however, the steady decline is providing respite for Americans worried about their finances as the economy slows.

“If gasoline prices stay at or near the levels they’ve been at, that would mean a lot more cushion for households,” Ms Bovino said.

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Bsnl will provide 5g services from next independence day, says Ashwini Vaishnaw

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Bsnl Will Provide 5G Services From Next Independence Day, Says Ashwini Vaishnaw
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Addressing the audience on the occasion, Telecom Minister Ashwini Vaishnaw said, “Telecommunications is the gateway, the foundation of digital India. It is the means to bring digital services to every person.” .

Union Telecommunications Minister Ashwini Vaishnav today announced that BSNL will also provide 5G services from August 15 next year.

He said that in the next 6 months, 5G services will be available in over 200 cities. At the same time, efforts are being made to make 5G services available in 80-90% of the country within the next 2 years, as reported by the ANI news agency.

The launch of 5G services in India kicked off the sixth edition of India Mobile Congress in Pragati Maidan, New Delhi. Prime Minister Narendra Modi opened the expo ahead of the official launch of 5G services in India.

Addressing the audience on the occasion, the Union Telecom Minister said, “Telecom is the gateway, the foundation of digital India. It is the means of bringing digital services to each person”.

He also called the telecommunications industry a booming industry – a strategic growth industry, which is at the heart of all things digital. With the arrival of 5G, India hopes to emerge as a leader in telecommunications technology, the minister added. A sum of Rs 35,000 crore has been sanctioned for last mile connectivity, which means bringing 5G to every nook and corner of the country.

The telecommunications sector, Vaishnaw added, has seen many reforms over the years. With the help of the Prime Minister, there has been regulatory certainty in the industry, approvals have become easier and have been expedited.

Besides, BSNL also received a stimulus package of Rs 1.64 lakh crore. This support program is for four years, but 70% of it will be granted during the first two years. On the Rs 1.64 lakh crore, there will be cash support of Rs 44,000 crore, and the rest will be non-cash.

Vaishnaw had previously said that the results of this package will be seen within the next two years, and BSNL will finally roll out 4G services during this period.

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Sainted & Tainted: The saint who found it could have done a big sin

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Sainted &Amp; Tainted: The Saint Who Found It Could Have Done A Big Sin
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Sainted

This sainting goes to an incredible soul. I forgot my wallet in a shopping cart and the saint never stole.

It happened at Target Store on Robert Street. The humble saint who turned it in was quite discreet. Alas I recognized my mistake and returned to the Target store, imagining that cancelling my credit cards would be a big chore. But there it was, waiting for me in the customer service area. (You should have seen me, there was a bit of hysteria).

No one knows who turned my wallet in. The saint who found it surely could have done a big sin. There was cash inside, gift cards, and credit cards too. But the wonderful saint decided to eschew. Nothing was taken. My hope in humanity was waken. THANK YOU, kind soul, for returning my wallet and money. May you be blessed as an outstanding human being, as you are a honey.

Cheryl Bemel, Mendota Heights

 

Sainted and Tainted

Sainted: The state trooper and EMT personnel who helped get us out of harm’s way and assisted us after we were rear-ended on the notorious north-bound middle lane of the Lafayette Bridge.

Tainted: The creep who hit us and sped off, leaving us with a $7,000 repair bill.  The bonehead administration that was responsible for implementing the bridge departure lane scheme that has led to numerous accidents and the administration that refuses to fix it.

Ron Schroeder, South St. Paul

 

Sainted

Recently I buried the ashes of my much loved cat, Duffy Boy. He was with me for 17 years, and had become quite ill. The ache and sadness of letting him pass on to The Rainbow Bridge was softened by the genuine and heartfelt compassion from the staff at Rivertown Animal Hospital in Stillwater,

My sincere thanks to you all.

Carol Mayala, Stillwater

 

Sainted

A heartfelt sainted to the kind gentleman in the Frattalone jacket who picked up the tab for two 80+ year-old high school friends at the Vadnais Heights Perkins. I am recovering from a fractured spine so just getting out then and receiving such a super treat was very special.  Thank you, Sir!

Carol J. Rossi, Roseville

 

Sainted

I would like to give a big Sainted to a Cub employee at the White Bear Avenue location. My father went in to shop on Friday Sept. 23 and was having issues with his bank card This employee paid for my father’s groceries.

It’s amazing to see the kindness of others — we will pay it forward.

Brittany Paulsen, White Bear Lake

 

Tainted

A very, very tainted to the Pioneer Press. The U of M Gophers women’s volleyball program is first class and has been one of the top programs in the country for years but get virtually no coverage in this paper.

Our female athletes deserve better.

Dave Harvieux, Stillwater

 

Sainted

A big shout out goes to Dave and Matt, of the InWood HOA Board, for their act of kindness on Saturday, Aug. 27. On their own accord, they pruned the lower branches of the birch trees in the west rain garden of Lower 8th Place North in Lake Elmo.  They are to be Sainted for beautifying our loop.

Rosemary Peterson, Lake Elmo

 

Sainted

A “Sainted” to Bill Morelock and MPR’s Friday Favorites show for making my daughter’s 22nd birthday so special by playing her requests.  Not only did we enjoy it, but family across the state were able to simultaneously celebrate her birthday through the experience of beautiful music and Mr. Morelock’s excellent commentary. Well done and thank you!

Bev Farraher, White Bear Lake

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‘It’s mediocre’ – Arsenal legend Martin Keown hits back at Sir Alex Ferguson’s tactic after Manchester United icon Rio Ferdinand revealed the manager called the Gunners ‘babies’ during of a team conversation

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'It'S Mediocre' - Arsenal Legend Martin Keown Hits Back At Sir Alex Ferguson'S Tactic After Manchester United Icon Rio Ferdinand Revealed The Manager Called The Gunners 'Babies' During Of A Team Conversation
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Arsenal legend Martin Keown was unimpressed with Rio Ferdinand’s revelations about talks with Sir Alex Ferguson’s Manchester United side.

Earlier this week, Red Devils icon Ferdinand revealed Ferguson once referred to Arsenal players as ‘babies’ during a team chat.

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Ferguson won 13 Premier League titles and two Champions Leagues in charge of Man United and is one of the Premier League’s most iconic managers.

But Keown Isn't Too Happy To Hear How He Used To Motivate His Players

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But Keown isn’t too happy to hear how he used to motivate his players

Speaking to William Hill’s Stripped podcast, the former centre-back and Premier League champion explained what Ferguson used to say to him and his team-mates ahead of clashes against title rivals such as Arsenal and Liverpool.

“He [Ferguson] just said, ‘I don’t even need to talk to you, really. It’s the worst Liverpool side I’ve ever seen on a team sheet,” Ferdinand said.

“That was it. And then yes, we won that day.

“And then something he used to say about Arsenal when talking to the team was, ‘Get in their face. They don’t like it, they can’t live without it.

“They are babies. Face them and you will win this game. Rio, you’re going to crush them, you’re going to dominate them…’”

And Keown – who played many games against Ferguson’s Man United for Arsenal – joined talkSPORT to give his reaction.

Ferdinand Revealed That Ferguson Used To Speak Out Against The Opposition To Set Him On Fire

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Ferdinand revealed that Ferguson used to speak out against the opposition to set him on fire

“It’s poor, it’s poor,” Keown began on Friday’s White and Jordan show.

“It was not a good topic. I thought the great Alex Ferguson would have found a little more to do with the players to motivate them.

“Were they playing to stop us? Or were they playing to succeed themselves?

“In our dressing room, for [Arsene] Wenger, it was about us, not the opposition.

Keown Says He Much Preferred The Team Talks Of Arsenal's Most Successful Manager, Wenger

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Keown says he much preferred the team talks of Arsenal’s most successful manager, Wenger


Former Gunners manager Wenger clashed regularly with Ferguson on and off the pitch, with the pair of iconic managers often finding themselves at the top of the Premier League during their respective tenures.

Wenger was one of Keown’s managers during his time at Highbury, and the Frenchman led the Gunners to three Premier League titles, seven FA Cups and seven Super Cups between 1996 and 2018.

Meanwhile, Ferguson has guided Man United to 13 Premier League trophies and two Champions Leagues.

But although the Red Devils legend has won more league titles, Keown says he much prefers Wenger’s managerial style, especially now that Ferguson’s team-talking style has been revealed.

Kewon Made 310 Appearances For Arsenal Between 1992 And 2004

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Kewon made 310 appearances for Arsenal between 1992 and 2004

He continued: “I was in dressing rooms towards the end of my career where I went to work for a coach who would only ridicule the opposition coach.

“I didn’t learn anything from that. I was very motivated myself, but thinking back to Graham Taylor as club manager [he] was very good, George Graham of course very good, an extreme I guess [compared] to Arsene Wenger.

“But I preferred a silent approach, coming in at half-time you replay the game in your mind, work it out yourself and then you want to hear the manager.

“But when you walk in and they talk continuously, you can’t think straight.

“So I just needed a moment of calm, but then tell me what I need to know, and let’s go ahead and do it and improve and win the game.”

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ASK IRA: Is Heat’s Nikola Jovic on course for a waiting game?

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Ask Ira: Is Heat’s Nikola Jovic On Course For A Waiting Game?
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Q: Nikola Jovic was born when Kyle Lowry was at Villanova. That’s insane. – Eric.

A: Actually, Nikola Jovic was all of one year old when Kyle Lowry began his collegiate career in 2004, but that’s besides the point. What is most relevant is the contrast in ages and how the Heat are in win-now mode because of Kyle’s age. It is why that even for all the pleasantries that Kyle and Erik Spoelstra had Friday for Nikola, Jovic’s prime time for the Heat (if he remains with the Heat) could well come after Kyle’s Heat tenure expires. Nikola is raw but eager. His time will come. Just not now. That doesn’t mean that there can’t be moments this season, just that it would be wise not to expect too many.

Q: Tyler Herro deserves to be paid, especially if we have Duncan Robinson at $90 million riding the bench, with Tyler having outplayed him. Wouldn’t be mad if he left. – Lowell.

A: First, Tyler Herro is under contract for this season, so he isn’t going anywhere unless the Heat send him somewhere. And the Heat aren’t sending him anywhere unless a blockbuster presents itself. In the end, Tyler’s deal, whether from the Heat or elsewhere, will come in at an average far exceeding Duncan Robinson’s five-year deal. It’s just that once extended, he cannot be traded, which is why the delay. Nothing to get made about.

Q: Ira, I can’t help but to think that the Heat could save considerable dollars on Tyler Herro by signing him before the season starts. My thought would be that chances are pretty good that he will increase his signing value if he has this season to do that. Therefore, don’t you think they should go ahead and sign him and maybe save a little money, and, most importantly, secure Tyler Herro? Your thoughts? – Brent, Wellington.

A: There is a risk-reward element from both sides. If the Heat act now, then perhaps they could get ahead of Tyler Herro’s growth curve. But if Tyler waits for that growth curve, an injury could leave him with regrets. Victor Oladipo, and previous money not taken, is a stark example within clear view for Tyler. So, again, for both sides, risk-reward.

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US equities return to their gains

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Us Equities Return To Their Gains
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Major U.S. stock indices repay their gains.

Lasting gains in US equities are hard to come by these days. One of the reasons is a him him him him him him him him him

The S&P index is approaching the 200-week moving average

Of course, what one thinks may not turn out as planned. Therefore, it is important to listen to the technical story. For the S&P index, I focus on the 200 week moving average at 3589.60 (see the green line in the chart above). The low price reached 3614.54 today.

A move below the 200-week moving average would tilt the longer-term bias further to the downside. Without it, and buyers are still technically in play.

Where we are now, it would take about 50 points down from the close to push the price below this level today. Can this happen? Sure. Regardless, going forward, this 200 week moving average will continue to be watched by traders for longer term bias cues. Moving below increases the bearish bias. Stay above and buyers cling to hope for a corrective bounce.

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Americans win fourth consecutive World Cup gold, leading China

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Americans Win Fourth Consecutive World Cup Gold, Leading China
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SYDNEY (AP) — The names of the American team have changed, the dominance of the Americans has not changed.

A’ja Wilson scored 19 points, Kelsey Plum added 17 and the United States beat China 83-61 on Saturday to claim their fourth straight Women’s Basketball World Cup gold medal.

“It’s awesome,” said Wilson, who was named the tournament’s most valuable player. “We came here on a mission, we got it. We have gold. Now we are coming home with material. It does us good. Australia have been great with us. I didn’t see any kangaroos, but that’s fine because we’re leaving with a gold medal.

It was one of the most dominant teams in the history of the Americans in the World Cup which has now won 11 gold medals. They have now won four consecutive gold medals for the first time ever. It was also the biggest win in a gold medal game, surpassing the 20-point wins the Americans had won twice.

“Everyone wants to beat us. Everyone wants what we have, which is gold medals and wins,” said Breanna Stewart.

What started with Sue Bird and Diana Taurasi has now been passed down to Wilson and Stewart. With Alyssa Thomas the oldest player at 30, the dominance could go on for years to come.

“It’s been an incredible journey to continue to lay the groundwork like so many greats before us have done,” Wilson said. “Now it’s our turn to step in and be in this situation.”

As they have done in all tournaments, the Americans did it on both sides of the court, playing stellar defense as well as a powerful offense.

The United States (8-0) finished the World Cup with an average of 98.8 points – just shy of the mark held by the 1994 team which averaged 99.1. They won by an average of 40.8 points, surpassing the mark held by the 2010 team.

The match was sold out with nearly 16,000 fans – the largest crowd to attend a Women’s World Cup game since the inaugural tournament in 1953 in Chile.

Led by Li Yueru and Wu Tongtong, China lagged. The Chinese team trailed 33-28 at the end of the second quarter before the United States went on a 10-2 run highlighted by quick layups from Stewart and Wilson to extend the lead. double digit advantage.

Jin Weina hit a 3-pointer just before the halftime buzzer to bring China within 10.

The United States was just too good to let the upset happen, beating China 25-14 in third. The Americans had a scary moment when Thomas fell after colliding with Li in the lane. She was helped off the pitch, but returned minutes later.

“It was a tough match as we expected,” said Thomas. “This game is by no means easy. We stuck to it and got the win.

China won their first medal since the 1994 World Cup when the team also took silver and are a rising power in women’s basketball. After the game, the team posed for a photo with their flag and big man Yao Ming, who is the president of the Chinese Basketball Association.

Li finished with 19 points and Wu added 13 before leaving the game in the fourth quarter after his knee gave way on his way to the basket. She had to be taken off the field.

It is the 30th straight World Cup victory for the Americans, who have not lost since the 2006 semi-finals against Russia. The Soviet Union holds the World Cup record with 56 consecutive victories from 1959 to 1986. It is only the second time in the Americans’ storied history that they have won four straight gold medals. They also did it from 1979 to 1990, winning three times.

This American team, which has so many new faces, also continued to dominate the paint even without the 6-foot-8 Brittney Griner, outscoring their opponents by an average of 55-24.

These two teams met in pool and China gave the United States their toughest game, losing by 14 points.

CHAMPIONSHIP PEDIGREE

Wilson, Chelsea Gray and Plum are part of an incredible group that won a World Cup and a WNBA title in the same year. There have been 14 in total now.

WORLD OF WOMEN

FIBA Secretary General Andreas Zagklis was pleased that half of the tournament officials were women and five of the 12 head coaches were women. China and the United States had women leading their teams, marking the second straight time that two female coaches qualified for the gold medal game.

MISSING IN ACTION

The United States were without Kahleah Copper for the second game in a row after injuring her left hip in the quarter-final win over Serbia. Copper landed hard on her hip on her way to the basket and had to be helped off the court. China were missing star guard Li Meng, who missed a second game in a row with what Chinese media reported as having a fever due to body fatigue.

___

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