ok google will there be another stimulus check

KRISPY KREME TO THE RESUE: Krispy Kreme ties doughnut prices to average gas price on Wednesdays to offer inflation relief In Whitehouse and Khanna’s proposal, titled the Big Oil Windfall Profits Tax, that money would come from levying a per-barrel tax on major oil companies “equal to 50% of the difference between the current price of a barrel of oil and the pre-pandemic average price per barrel between 20,” according to a brief of the bill.ĬALIFORNIA TAX REFUNDS: Millions in California could get up to $800 in gas tax refunds to fight high fuel prices, governor proposes Several Democratic-led proposals, one of which Whitehouse co-sponsored with Khanna, would in effect send gas stimulus checks to lower-income Americans. The 18.3% increase in prices for gasoline Americans experienced in March accounted for most of the increase in last month’s overall Consumer Price Index, which rose by 1.2% from February. consumers are paying 8.5% more for goods and services compared with last year. adults are changing their summer travel plans because of inflation, which includes high gas prices, according to a survey in late March by Bankrate. is the top oil producer in the world, it is not part of OPEC. OPEC, which is made up of 13 member countries, sets crude oil production targets, which influences the price consumers pay for gas around the world. companies produce, the more cartels can adjust their own behavior to keep prices high,” he said, referring to the Organization of the Petroleum Exporting Countries. If prices go up this summer, it’s not because the U.S. NOT JUST GAS PRICES: Expect an 'extremely volatile' year for natural gasĬOVID-19 outbreaks in China, which could prompt lockdowns within economic hub cities like Shanghai, may ease pressure on gas prices in the U.S. That shouldn’t have a material impact on gas prices consumers pay at the pump “but it escalates the situation, which could in the future have an impact,” De Haan told USA TODAY.įEELING THE PINCH: US diesel fuel prices could top $6 after Russia's moves against Poland and Bulgaria While Russia’s state-controlled gas company, Gazprom, said it stopped supplying natural gas to Poland and Bulgaria on Wednesday. Russian oil plays a much more significant role in Europe, accounting for 30% of all oil imports there, according to an analysis by S&P Global Commodity Insights.ĮU members stopped short of banning Russian oil but are considering a gradual phase-out. is a net producer of oil, Russia accounted for 3% of all oil the nation imported in 2021. In March, President Joe Biden banned Russian oil from being imported into the United States. Gas prices are starting to tick up again after coming down from record highs in MarchĪs for how high, “it's basically impossible to get a good gauge on where we'll be this summer because of the wide range of possibilities,” said Patrick De Haan, head of petroleum analysis at fuel savings app GasBuddy.

Ok google will there be another stimulus check