Trump Officials Prepping for ‘Nightmare Scenario’ Where Oil Hits $150-a-Barrel – and Unleashes More Pain at the Gas Pump
White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its second month and the Strait of Hormuz remains largely closed, according to a new report.
In recent weeks, the average cost of a barrel of crude has hovered around $100, a figure that the Trump administration now sees as the new “baseline,” though a potential spike to $200 hasn’t been ruled out, a source familiar with the matter told Politico.
As a result, officials have entered “all hands on deck” mode, urgently evaluating options to tame soaring oil prices — which pushed gas above $4 a gallon this week and risks inflating costs across the broader economy.
In Arizona – we are paying $4.99 per gallon of regular… (Continue to full article)
The Price of Coffee Is Skyrocketing Faster Than All Other Groceries — and the Reason Goes Way Beyond Tariffs
The price of coffee is increasing faster than any other household grocery, and it’s not just tariffs driving the surge — bad weather, war and a frenzy of market traders are also to blame for the rise.
Coffee prices have spiked by a stunning 18.4% in the last year, according to federal data from February.
Most other household spending items — from groceries to cars to haircuts — don’t close to that increase rate, figures from the Bureau of Labor Statistics show.
Those increases have affected both producers and consumers, and reflect a trend that has been running wild since the pandemic — a pound of roast coffee cost about $4.17 on average in 2020, and about $9.46 in 2026… (Continue to full article)
