Fall in oil, gas prices revives travel plans for Americans
The prices had shot up following the Russian invasion of Ukraine in February and
now the covid shutdown in China has dampened the demand greatly. Although
other prices still rule high it's a good break for President Biden!
WASHINGTON, Dec 9: Good times for holidaymakers as the oil and gas prices are
plummeting in the US, and elsewhere too, coming in the midst of a steep inflation
that kicked up prices of everything under the sun. Anyway Thanksgiving passed
off profitably! Tanks were full! However, other things ruled high. Still Biden
can heave a sigh of relief!
For the last ten months the prices have been going down and it is below last
year's average, declining to $3.29 a gallon, and continues to fall. It could
be below $3 by Christmas, forecasts WP. This is happening all over the 50 States,
of course, with minor variations. A continued fall can eventually check inflation,
stabilising prices of other essential goods.
WSJ has given an example of a driver's weekly gas bill falling from as high
as $75 to about $30. Motorists and travellers are getting huge relief at a time
the economy is reeling under high inflation that has brought down Biden's rating.
Inflation kicked up prices of everything including food. Gas was the main culprit.That
had forced the hand of the Federal reserve to raise the rates steeply.
The covid rescue and stimulus plan costing trillions were a major contributing
factor in the US inflation and the President had been at the receiving end for
his reckless policies. Then came the student loan forgiveness plan that seeks
to cancel up to $20,000 for over 20 million borrowers which is hanging fire
due litigation. The Supreme Court is to decide on the legality of the waiver
next year only. The scheme was challenged by the Republicans in several lawsuits.
The prices of gasoline had shot up further following the Russian invasion of
Ukraine in February but now the covid shutdown in China has dampened the demand
greatly leading to the price fall. All this coupled with a likely recession
worldwide and higher intreerst rates imposed by central banks. A price cap now
imposed on Russian fuel by the US and Europe is also pulling down the prices
further. But OPEC holds sway over prices and can reverse the trend. It may not
comply with Biden's plea to raise the output.
Virgin Galactic's Richard Branson, who opened a new chapter in
space age last month by launching the first manned private flight
to the edge of space, flying in his own spaceplane, has
invited everyone to join his expedition of space travel and
experience the thrill of totally losing your weight (BMI = 0) and enjoy
the mind-blowing sight of the earth's curvatures from the orbit far above: Register Your Name Here
Can we ask the vaccinator, "Do you pull back the plunger and
then push the vaccine? Do you Aspirate?" When the vaccination
for covid started there were reports of worrisome incidents of
adverse events post immunisation, the serious complaints being
non-specific blood clots. These related to viral vector vaccines of
human and non-human source: AstraZeneca and Janssen. How
did it happen. There are various views. But here is a suggestion
how simply it can be prevented.
Marking a fierce but interesting competition among the
billionaires, adventure specialist Richard Branson launched
commercial space travel from his 'Spaceport America' on Sunday,
pipping the world's richest man, Amazon's Jeff Bezos, to the
post, becoming the early bird to fly to the edge of space as the
first private space tourist nine days earlier than his rival.
Although he did not cross the Karman line.
President Biden has signed the Juneteenth National
Independence Day Bill making June 19 a federal public holiday to
commemorate the symbolic end of chattel slavery in the US.
The Mars rover, a six-wheeled, SUV-sized robotic vehicle, sailed
through space for seven months to land on a prime spot for geo-biological study of the red planet for signs of ancient extraterrestrial life. It takes radio waves 11 minutes to reach Earth. (Listen to:- DAVID BOWIE: Life
On Mars?:)
While the rationalists debunk the episode as a ploy to make up for
the losses in offerings during the corona lockdown, the believers
stick to their claim, they have seen it after all! The claim of
Shankaralinga temple resembles the miracle of Ganesha drinking
milk in Delhi way back in 1995. Although they belong to two
different branches of science.
After his reappearance, Alibaba's Hong Kong-listed shares went up
by 8.5%. The Chinese billionaire made his public appearance on
Wednesday. (SEE Video: Davos 2015 - An Insight An Idea with
Jack Ma - A conversation with Jack Ma, Founder and the then Executive
Chairman of Alibaba Group, on leadership, entrepreneurship and
the future of commerce: Interviewed by Charlie Rose, Anchor, CBS
News, USA)
A pair of socks gifted to her by her niece displayed on her legs has done
the job for Gumball Poodle. The demand for 'Future is Female' is
skyrocketing indeed. What more could one ask for?