California's $6 gas could spread nationwide, JPMorgan warns
CNN
The average price for gasoline in California hit $6 a gallon Tuesday for the first time -- and analysts at JPMorgan are warning that price could be the national average before the end of the summer.
The startling forecast comes as US gas prices have surged to record highs in the aftermath of Russia's invasion of Ukraine, casting a shadow over the economy.
"There is a real risk the price could reach $6+ a gallon by August," Natasha Kaneva, head of global oil and commodities research at JPMorgan, told CNN in an email on Tuesday.
Would Zohran Mamdani compromise?
Few Americans are satisfied with the amount of evidence released in the Jeffrey Epstein case, a CNN poll conducted by SSRS finds, with most saying they believe the government is intentionally holding back information.
Trump has been back in the White House for a year now, and his standing — more than anything else — will define the mood and the direction of the midterm campaign. Ebersole scores his performance at a 3 out of 5. The economy feels a little better to her, and illegal border crossings are down.
Demonstrators are continuing to brave frigid temperatures in Minneapolis to protest the Trump administration’s immigration crackdown. Follow for live updates.
Speaker Mike Johnson is actively working to unite his conference behind another Republican-only policy bill ahead of the midterms, with members clamoring for more wins and eager not waste what they fear could be the waning days of their majority.
Last year, the court said the Fed is shielded from political manipulation because it is “uniquely structured” with a “distinct historical tradition.”
President Trump says he can pull funding for sanctuary cities. Judges have repeatedly said otherwise
Trump’s threat is a broader version of one his administration has made many times already, attempting to cut funding to local governments it declared as “sanctuary jurisdictions,” but those efforts have been stopped repeatedly by judges.
The US Department of Justice said Sunday it is investigating a group of protesters in Minnesota who disrupted services at a church where a local official with US Immigration and Customs Enforcement apparently serves as a pastor.
A number of forces on the left questioned Josh Shapiro’s ties to Israel during Kamala Harris’ rushed running mate selection process in 2024. In his new memoir out next week, the Pennsylvania governor says the former vice president and her vetting team were among them.
Dr. Martin Luther King Jr.’s “I Have a Dream” address at 1963’s March on Washington is perhaps the most famous speech in American history. But fewer people remember the man behind King’s dream metaphor: a White banker named James Truslow Adams.
Members of President Donald Trump’s “Board of Peace,” the committee that will oversee the reconstruction of Gaza, will receive a permanent seat if they pay $1 billion, according to a US official.
The announcement Saturday night signaled an unusually direct effort by the White House to influence college football scheduling and television programming.
Chilean President Gabriel Boric announced a state of catastrophe in two regions in the south of the country early on Sunday as raging wildfires forced at least 20,000 people to evacuate and left at least 16 people dead.