Under President Joe Biden, energy costs, especially the price of electricity, are up nearly 30%, according to a Wall Street Journal analysis of data from the Bureau of Labor Statistics.
The report on the staggering cost of electricity followed the latest Consumer Price Index numbers, which revealed that inflation rose 3.5% in March. Meanwhile, according to Breitbart, gasoline prices have skyrocketed to a six-month high, climbing to an average of $3.60 per gallon — a more than 50% increase since Biden became president.
The president’s signature legislative achievement, the Inflation Reduction Act, has earmarked $369 billion for green energy initiatives, including grants for renewable energy companies and consumer tax breaks, as he seeks to reshape the nation’s energy landscape.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President Biden speaks with Chinese President Xi Jinping amid global tensionsPresident Joe Biden spoke on the phone with Chinese President Xi Jinping on Tuesday, marking the first conversation between the leaders since their historic in-person summit in November and the latest in ongoing efforts by US and Chinese officials to defuse tensions between the two superpowers. The call comes amid heavy global turbulence – the ongoing wars in Gaza and Ukraine, as well as North Korea’s nuclear capabilities, were expected to be topics of discussion. Other issues that have strained the Washington-Beijing relationship were also expected to come up, including Taiwan, China’s recent provocations in the South China Sea and Beijing’s human rights abuses. The two leaders were also expected to discuss a number of issues where US and Chinese officials see room for cooperation, including countering narcotics, the fast-developing world of artificial intelligence and climate change
Source: cnni - 🏆 326. / 59 Read more »