prices

25Mar

By THEIRL1ADMIN01No Comments

MONEY, TOP FOUR, VIDEO REELS

We Asked 4 Experts: Would Gas Tax Breaks Make A Big Difference When Prices Are Skyrocketing?

With gasoline prices trending over US$4 per gallon nationwide, politicians are feeling the heat. In response, Maryland and Georgia have temporarily waived their state gasoline taxes to reduce the burden on consumers. Other states are considering similar actions, and some members of Congress have called for suspending the federal gas tax. The Conversation asked four experts whether gas tax waivers are an effective way to provide economic relief to U.S. households, and what other impacts these measures could have. Not a windfall Jay Zagorsky, Senior Lecturer in Markets, Public Policy and Law, Boston University As an economist who has studied gasoline prices, I doubt that waiving gas taxes will meaningfully lower prices at the pump. Russia’s invasion of Ukraine boosted gasoline prices dramat...

‘Defending Freedom’ In Ukraine: But At What Cost? Higher Food And Gas Prices And An Increased Risk Of Recession

28Feb

By THEIRL1ADMIN01No Comments

POLITICS

‘Defending Freedom’ In Ukraine: But At What Cost? Higher Food And Gas Prices And An Increased Risk Of Recession

Americans may be tempted to view the war in Ukraine as an unfortunate, but far away, crisis. As an economist, I know the world is too connected for the U.S. to go unaffected. On Feb. 22, 2022, President Joe Biden warned Americans that a Russian invasion of Ukraine – and U.S. efforts to thwart or punish it – would come with a price tag. “Defending freedom will have costs, for us as well and here at home,” Biden said. “We need to be honest about that.” His statement came one day before Russian President Vladimir Putin ordered an attack on targets throughout Ukraine, including western parts of the country. Now that war has broken out, the biggest costs for the U.S. will likely be in higher prices – on top of what is already the fastest pace of inflation in 40 years. How much worse inflati...

Poorest Americans Are Hit Hardest By Inflation Inequality And Soaring Prices On Necessities

4Apr

By THEIRL1ADMIN01No Comments

IN OTHER NEWS

Poorest Americans Are Hit Hardest By Inflation Inequality And Soaring Prices On Necessities

The fastest rate of inflation in 40 years is hurting families across the U.S. who are seeing ever-higher prices for everything from meat and potatoes to housing and gasoline. But behind the headline number that’s been widely reported is something that often gets overlooked: Inflation affects different households in different ways – and sometimes hurts those with the least, the most. Inflation, as calculated by the Bureau of Labor Statistics, is designed to track the price increases in a typical U.S. household’s basket of goods. The problem is spending bundles differ across households. For example, a family in the lowest 20% of income typically spends around 15% of their budget on groceries – this is nearly 60% more than households in the top 20% of the income distribution, according to m...

The road to electric vehicles with lower sticker prices than gas cars – battery costs explained

3Apr

By THEIRL1ADMIN01No Comments

TECHNOLOGY

The road to electric vehicles with lower sticker prices than gas cars – battery costs explained

Electric vehicle sales have grown exponentially in recent years, accompanied by dropping prices. However, adoption of EVs remains limited by their higher sticker price relative to comparable gas vehicles, even though overall cost of ownership for EVs is lower. EVs and internal combustion engine vehicles are likely to reach sticker price parity sometime in the next decade. The timing hinges on one crucial factor: battery cost. An EV’s battery pack accounts for about a quarter of total vehicle cost, making it the most important factor in the sales price. Battery pack prices have been falling fast. A typical EV battery pack stores 10-100 kilowatt hours (kWh) of electricity. For example, the Mitsubishi i-MIEV has a battery capacity of 16 kWh and a range of 62 miles, and the Tesla model S has...