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There was a lot that happened in politics this year, from the consequential midterm elections to the Supreme Court's historic abortion ruling and record migration at the southern border.
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A new government report shows inflation cooled a bit in November. But prices are still climbing and the Federal Reserve is preparing to raise interest rates again.
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Prices at the pump are falling, which is welcome news for Democrats this election season. But politicians have very limited control over energy costs.
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The group of oil-producing nations — including Russia — are expected to consider a cut in oil production of up to two million barrels a day.
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The 2 million bpd cut in oil production was backed by Saudi Arabia and could benefit Russia. The OPEC+ meeting took place as much of the world is battling soaring energy costs and rising inflation.
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From Walmart to the neighborhood supermarket, retailers across the country are having to adjust as Americans watch their pennies in the face of high inflation.
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Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.
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The national average price of gasoline has fallen below $4 a gallon. These are four key factors that could determine what happens next with prices at the pump.
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Falling gasoline prices put a dent in the July inflation rate, which fell to 8.5% from 9.1% in June. But other costs such as housing continue to climb, putting a strain on many family budgets.
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The average price of gasoline nationwide is expected to drop below $4 a gallon in the coming days as prices continue to fall from the record highs hit in June.