Inflation

Biden's Truck Pollution Rule Hanging by a Thread
Four House Democrats joined all but one Republican to enact the Congressional Review Act to roll back President Biden's rule on heavy truck pollution approved by the EPA last December. The Senate had earlier narrowly passed the joint resolution.

OPEC Plus Decision to Reduce Oil Output Could Lead to Global Recession
A decision earlier this month by a group of the world's largest oil exporters to drastically reduce oil production to stem the decline in oil prices could be a ‘tipping point’ for a global recession, says the International Energy Agency.

BRT Stations Cut, Project Delayed in Atlanta
Inflation is taking a bite out of planned transportation projects in Georgia. The state's first ever bus rapid transit project provides the latest example of scaled back ambitions.

Cost of Living Rising Sharply for College Students
High inflation, rising tuition costs, and a competitive housing market are making it hard for college students to make ends meet.

The Surprising Oil Tax in the Inflation Reduction Act
President Biden has made reducing gas prices paramount in his administration, so it was likely a surprise to hear a Republican senator last Sunday warn TV viewers that a revived and increased oil fee in the climate bill will increase their gas costs.

Could Inflation Spur an Urban Rebound?
Inflation is hitting rural areas particularly hard. One expert sees the possibility of rural residents reconsidering cities as a place to avoid higher costs associated with rural mobility and to make more money.

The Local Causes of Inflation
Although it is widely seen as a national issue, decisions made at the local level often have a stronger impact on inflation than federal policies.

California Rents Could Spike by as Much as 10 Percent
Thanks to inflation, landlords in parts of the state not limited by local rent stabilization ordinances can raise rent by up to 10 percent starting in August.

The American Commute Is Getting More Expensive
The average cost of commuting in the United States rose by 35 percent since last year, according to a new report.

Biden Proposes Gas Tax Holiday to Reduce Gas Prices
President Biden asked Congress on June 22 to suspend federal fuel taxes, unchanged since 1993, for three months to provide motorists 'relief' at the pump. Additionally, he asked states to follow suit and for oil companies to increase refining.

Signs Gas Prices Are Curbing Driving in Colorado
Surveys and transit ridership both show some signs, with significant caveats, of the limits of the appetite for gasoline in Colorado.

Has the Rug Been Pulled Out From Under Environmentalists?
Robinson Meyer, a climate reporter for The Atlantic, writes about the awkward place American environmentalists find themselves due in part to the war in Europe that has created an international energy crisis and historically high fuel prices at home.

A Somber Earth Day Finding
Polling from CBS News/YouGuv shows an inverse relationship between the economy and the environment. A year ago, 56% of respondents rated climate change as an urgent issue. Today's Earth Day finding shows it at 49% as doubts grow about the economy.

Waging War on High Gas Prices
America is not at war, but that didn't stop President Joe Biden from calling the largest release of oil from the nation's Strategic Petroleum Reserve that he authorized on March 31 to lower oil prices, a 'wartime bridge.'

Banning Russian Oil
President Biden announced a ban on the importation of Russian energy on Tuesday in response to Russian President Vladimir Putin's invasion of Ukraine. He warned that gasoline prices will go even higher as a result. Europe will not be joining the ban.

Democrats Balk at Gov. Newsom's Gas Tax Holiday
Saving motorists 3 cents a gallon may be a slam dunk for Republican leaders in the California legislature who opposed hiking the gas tax in the first place, but Democratic leaders are reluctant to tamper with a hard-fought legislative and ballot win.

Time for a Federal Gas Tax Holiday?
Senate Democrats introduced legislation to lower gas prices by suspending the federal gas tax through the end of the year. General funds would be directed to the Highway Trust Fund to replace gas tax revenue.

Biden Orders Release from Strategic Petroleum Reserve: What's the Emergency?
The purpose of the Strategic Petroleum Reserve is to maintain oil flow to refineries during national emergencies when oil supplies are disrupted. What national emergency prompted President Biden to order the release of 50 million barrels?

High Housing Costs Could Keep Inflation Rising
After last year's precipitous drops, rents are rising again in cities around the country, which could signal sustained inflation.
California REITS Have Much at Stake on Election Day
One of the most controversial measures on the November 6 ballot in California is Prop. 10: the repeal of the landmark Costa-Hawkins Act that places limits on rent control. Real estate investment trusts are donating big time to defeat it.
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