Rev 6:5, 6 NCV When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, “A quart of wheat for a day’s pay, and three quarts of barley for a day’s pay, and do not damage the olive oil and wine!”
Important Takeaways:
- The average price has risen 8.1 cents over the past six days
- The price of a barrel of front month crude on ICE Futures Europe increased $2.04 Monday to settle at $117.60, its highest amount since March 23.
- Crude oil costs account for slightly more than half of the pump price
- The national average price rose three-tenths of a cent to a record $4.622. The national average has set records 19 of the past 22 days.
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Rev 6:5, 6 NCV When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, “A quart of wheat for a day’s pay, and three quarts of barley for a day’s pay, and do not damage the olive oil and wine!”
Important Takeaways:
- Rising gas prices and inflation top travel concerns, overtaking Covid, survey finds
- According to a survey, 69% of Americans plan to travel this summer, but rising gas prices and inflation now top their list of concerns, overtaking Covid.
- The national average for unleaded gas hit another new high Tuesday.
- Gasoline prices have run up sharply heading into the peak summer driving season and show no signs of slowing down.
- Analysts say gasoline prices usually peak by mid-May, but this year prices at the pump could continue to rise into July and reach about $5 a gallon or more.
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- New Bern mothers search for relief as baby formula shortage worsens
- It started with a voluntary recall from Abbott Nutrition, the largest infant formula manufacturer in the country, involving three types of infant formula in February. Four babies became sick with bacterial infections after consuming the products. Two of the infants died in late 2021 and early 2022, according to the Food and Drug Administration.
- Two months later, stores across the country began reporting shortages and outages of baby formula.
- Because of supply chain shortages, consumers were already seeing a limited supply of baby formula products on the shelves. Nearly 40% of popular baby formula brands were sold out at retailers across the country at the end of April, according to USA Today – worsening a 31% shortage two weeks prior to the recall.
- As the supply of baby formula continues to worsen, mothers in New Bern say they are searching far and wide to ensure they can properly feed their children. So much so that some mothers are asking others if they are selling their breast milk.
- Coupled with the high gas prices, Carter said it’s like a double-edged sword where you can’t find basic things for your child while wasting gas money looking for necessities.
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Gas prices hit $4 a gallon in all 50 states for the first time
- For the first time, gas prices in all 50 U.S. states have hit an average of at least $4 per gallon, according to data from AAA
- The elevated national average gas price could signal higher highs ahead of the summer travel season.
- And it’s not just the U.S. Gas prices in Canada also hit an all-time high this week, reaching $2 per liter for the first time, GasBuddy said.
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Gas stations in Washington reprogram pumps to prepare for $10-a-gallon fuel as Bidenflation sends average price soaring to $4.57 – almost twice the $2.41 during Trump’s final month
- A national gas station chain is reprogramming its pumps in Washington state to accommodate the possibility of $10-a-gallon gasoline
- The average price of gasoline across the country reached $4.57 on Wednesday – almost twice the $2.41 average during Trump’s last month in office
- Other stations in the state have begun running out of gas, with a local Facebook group identifying 10 stations that have run out of fuel
- Meanwhile some states – such as California – are reporting spiraling prices of up to $5.98 this week
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- National gas price average hits new high on Sunday at $4.47 per gallon
- The national average gas price hit a record high, and is expected to continue rising as the energy supply crunch in the U.S. rages on.
- The average price for a gallon of gasoline in the U.S. rose to a record Sunday morning to $4.47, according to the latest numbers from AAA. The price on Saturday was $4.452.
- Some states with higher-than-average prices include California at $5.92 a gallon, and Hawaii at $5.32.
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Average Gas Price Reaches New Record at $4.47 Per Gallon
- The American Automobile Association (AAA) reports the average price for a gallon of gasoline in the U.S. rose to $4.47. The price on Saturday was $4.452.
- Kloza pointed out that prices will also increase as a result of the ongoing Russia-Ukraine conflict.
- “I think we’re looking at higher prices in the next week or so. And then maybe a little moderation before July. But July and August are going to be sizzling months,” he noted.
- Former energy secretary Rick Perry advised that Americans have “not seen the top [of gas prices] by any sense of the imagination”
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Biden tapping oil reserve for 6 months to control gas prices
- President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, the White House said Thursday, in a bid to control energy prices
- The White House said Biden would also call on Congress to impose financial penalties on oil and gas companies that lease public lands but aren’t producing. He also intends to invoke the Defense Production Act to encourage the mining of critical minerals for batteries in electric vehicles.
- Americans on average use about 21 million barrels of oil daily, with about 40% of the consumption devoted to gasoline, according to the U.S. Energy Information Administration.
- The U.S. is producing on average 11.7 million barrels daily, down from 13 million barrels in early 2020.
- The Biden administration in November announced the release of 50 million barrels from the strategic reserve in coordination with other countries. And after the Russia-Ukraine war began, the U.S. and 30 other countries agreed to an additional release of 60 million barrels from reserves, with half of the total coming from the U.S.
- According to the Department of Energy, which manages it, more than 568 million barrels of oil were held in the reserve as of March 25.
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Proverbs 12:19: “The lip of truth shall be established for ever: but a lying tongue is but for a moment.”
Important Takeaways:
- A Green Utopia with $9 Gas: Is Biden Loving the High Fuel Prices After Vowing to ‘End Fossil Fuel’?
- The White House is blaming skyrocketing energy prices on the war in Ukraine. Prices began rising, however, the day Biden entered the White House, with his cancellation of the Keystone XL pipeline and new moratoriums on oil and gas exploration.
- The media is calling it a conspiracy theory, like this USA Today headline: “Gas prices a plot to promote electric cars, conspiracy theorists say.”
- In one 2020 campaign appearance, Biden told a young supporter, “I want you to look at my eyes. I guarantee, I guarantee we’re gonna end fossil fuel.”
- And during a 2020 debate with Donald Trump, Biden pledged, “No more subsidies for the fossil fuel industry. No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill, period.”
- EPA Administrator Michael Regan said recently the White House is “pressing the accelerator to reach a zero-emissions future sooner than most people thought.”
- But in Western Europe, which is much farther along in the transition to green energy, gasoline prices today are over $9 a gallon.
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Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Los Angeles becomes 1st in US to reach $6 gas average
- Los Angeles on Tuesday became the first major city in the U.S. to reach an average gas price of $6 or more.
- That’s according to fuel savings platform GasBuddy, which reported the national average gas price in the U.S. beginning to decline since its peak of $4.35 per gallon on March 10
- The proposal would use $9 billion of the state’s budget surplus to provide the rebate, which is expected to cover the 51.1-cent-per-gallon gas tax for one full year of weekly fill-ups for a car with a 15-gallon gas tank.
- Under this proposal, every California filer will receive a rebate—including those who don’t own or drive a car.
- Prices for domestic and international flights have soared along with gas prices, and experts say the rise will continue.
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