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PolitiFact flags mixed truth in Trump's SOTU on inflation, borders and crime
politics3 days ago

PolitiFact flags mixed truth in Trump's SOTU on inflation, borders and crime

PolitiFact’s fact-check of Trump’s State of the Union finds a mix of truth and exaggeration: inflation isn’t “plummeting” — it’s eased to about 2.4% year over year as of January 2026; gas prices aren’t nationwide below $2.30 a gallon; TrumpRx.gov savings are overstated. The claim that zero illegal aliens were admitted in nine months is misleading given a sharp drop in encounters and ongoing removals. There’s no solid evidence that a sea-based military campaign has halted drugs; and the 2025 murder-rate decline is likely among the largest in decades but not definitively the lowest in 125 years due to data caveats. The SNAP note refers to projected benefit losses under a work-requirements law, not an immediate universal relief.

via PBS|
#crime#gas-prices#immigration
Reality Check: Trump’s SOTU claims under fire on jobs, prices, and wars
politics3 days ago

Reality Check: Trump’s SOTU claims under fire on jobs, prices, and wars

A post-State of the Union fact-check finds Trump’s claims overstated or inaccurate on several fronts: 2025 job gains were only 181,000 (far below typical Trump/Biden years), investments cited are largely pledges rather than actual dollars, a cited killer’s immigration status was misrepresented, energy costs have risen and could rise further due to policy changes, gas prices are not universally low, and Trump’s assertion that he ended eight wars is an overstatement with ongoing or unresolved conflicts and ceasefires not clearly attributable to him.

via The Guardian|
#economy#fact-check#gas-prices
Northeast Storm Triggers NYC Travel Ban as Gas Prices Rally
usnews5 days ago

Northeast Storm Triggers NYC Travel Ban as Gas Prices Rally

A powerful late-winter storm slammed the U.S. Northeast, bringing heavy snow, winds up to 70 mph and coastal flooding that could affect about 35 million people. New York City declared a local state of emergency, imposed a citywide travel ban for non-emergency vehicles, and schools planned a snow day as outages and flight cancellations spread. Natural gas futures rose more than 3% to about $3.14/MMBtu amid the disruption, with utilities reporting outages across several states and airlines waiving fees for many flights.

via CNBC|
#gas-prices#northeast#nyc-travel-ban
Spring fuel switch could push gas prices higher
business8 days ago

Spring fuel switch could push gas prices higher

Gasoline prices are likely to climb as the switch to summer-blend fuel, refinery maintenance, and seasonal driving increase pressure, on top of ongoing oil-price volatility from Iran tensions; analysts expect a typical spring rise of about 25–65 cents per gallon between late February and May, though current stockpiles remain ample and regional price effects vary.

via Axios|
#business#gas-prices#iran-tensions
Trump's Georgia Visit Flaunts Tax Cuts, Cheaper Gas, and Ongoing Relief
politics8 days ago

Trump's Georgia Visit Flaunts Tax Cuts, Cheaper Gas, and Ongoing Relief

President Trump visits Georgia to tout real relief for families, citing lower energy costs (gas around $2.71/gal, down 40% from the Biden-era high), tax relief saving Georgia families about $3,086 this year, and projected wage gains up to $6,700 per person with 204,000 jobs protected. He highlights rural health funding, significant corporate investments (AWS, Salesforce, JS Link), and stricter immigration enforcement, while noting improving home affordability and promising more relief to come.

via The White House (.gov)|
#economy#gas-prices#georgia
Iran Tensions Could Push Oil Higher, Weigh on American Wallets
business9 days ago

Iran Tensions Could Push Oil Higher, Weigh on American Wallets

Oil prices have climbed as the U.S. weighs military action against Iran, risking disruption of oil flows through the Strait of Hormuz. Analysts say a strike that hits infrastructure could lift prices toward $100 per barrel, pushing up pump prices and energy-driven inflation. While the precise impact is uncertain and depends on scale and responses, a sustained rise in oil could slow inflation’s recent decline and influence Fed policy and borrowing costs for households and borrowers.

via CBS News|
#business#gas-prices#inflation
Trump touts an Iowa resurgence driven by tax cuts and cheaper energy
politics1 month ago

Trump touts an Iowa resurgence driven by tax cuts and cheaper energy

President Trump visits Iowa to tout what his administration calls a thriving economy under Republican leadership: notably lower gas and diesel prices, strong growth, and anticipated wage gains from the Working Families Tax Cuts; he cites tax relief, job protections, rural health investments, and mortgage support through Fannie Mae/Freddie Mac as benefits for Iowans, framing these policies as delivering relief for families and strengthening energy and agricultural sectors.

via The White House (.gov)|
#economy#gas-prices#iowa
CNN fact-check: Trump’s one-year return address riddled with false claims
politics1 month ago

CNN fact-check: Trump’s one-year return address riddled with false claims

CNN fact-checks Trump’s remarks marking the first anniversary of his return to office and finds numerous false or inflated claims across the economy, inflation, Social Security taxes, and international affairs, including misstatements on gas prices, prescription-drug costs, grocery prices, the alleged no- inflation scenario, a bogus $18 trillion in investments, and NATO spending.

via CNN|
#fact-check#gas-prices#inflation
US Resumes Venezuelan Oil Trade, But Gas Prices Face an Uncertain Path
business1 month ago

US Resumes Venezuelan Oil Trade, But Gas Prices Face an Uncertain Path

The U.S. completed its first sale of Venezuelan oil (about $500 million) as part of tapping into Venezuela’s reserves, prompting debate over how quickly it could affect pump prices. With national gas around $2.67/gal, economists are divided: a production ramp could lower prices, but meaningful impact is likely years away due to sanctions, infrastructure issues, and the need for heavy crude in refineries; Venezuela’s current output is ~750,000 barrels per day of a ~300 billion-barrel reserves, and Canada currently dominates heavy crude imports. The outcome will hinge on political concessions and whether additional supply can actually reach U.S. refineries without triggering oversupply in the market.

via CBS News|
#business#gas-prices#heavy-crude