The ongoing conflict between Israel and Hamas has far-reaching implications beyond the immediate region. As the violence escalates, concerns are rising about the potential impact on the US economy. One major concern is the effect on oil prices. The Middle East is a major oil-producing region, and any disruption to the flow of oil could …
Category: inflation
Gas Prices Going Down in August (At Least in Israel)
Gas prices have been soaring in the United States even while President Biden’s approval ratings continue to plummet. But in Israel, the price of gas is going down. Interim Prime Minister Yair Lapid announced that gas prices will be lowered in August after several successive increases. Lapid says lower gas prices are part of an …
Impact of Russian Invasion of Ukraine on US Consumers
Americans can’t help but be touched by the plight of the underdog Ukraine, a sovereign nation under attack by Russia. We watch, seemingly helpless as Ukrainians, either stay and fight and die, or flee their native land in droves. But aside from our empathy for a small nation under attack by a big Soviet-style bear, …