California's $6 gas could spread nationwide, JPMorgan warns
CNN
The average price for gasoline in California hit $6 a gallon Tuesday for the first time -- and analysts at JPMorgan are warning that price could be the national average before the end of the summer.
The startling forecast comes as US gas prices have surged to record highs in the aftermath of Russia's invasion of Ukraine, casting a shadow over the economy.
"There is a real risk the price could reach $6+ a gallon by August," Natasha Kaneva, head of global oil and commodities research at JPMorgan, told CNN in an email on Tuesday.
A Delaware state trooper was killed along with the suspected gunman Tuesday during a shooting at a motor vehicle agency near Wilmington, authorities said.
Wyoming’s lone U.S. representative is running for the U.S. Senate seat being vacated by Cynthia Lummis, who isn’t seeking re-election.
A new lawsuit filed in Washington, DC’s federal court Monday challenges the Kennedy Center board of trustees’ move to add President Donald Trump’s name to the cultural institution.
Warning: This post contains language readers may find disturbing.
Some staff at the Department of Veterans Affairs are finding little to be merry about after the agency said it would eliminate tens of thousands of open, unfilled positions across the country as it looks to streamline its staffing.
Former Republican Sen. Ben Sasse announced Tuesday that he’s been diagnosed with “metastasized, stage 4 pancreatic cancer, and am gonna die.”
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Political opposites are closing 2025 as they did 2024: on each side of America’s Donald Trump divide. But CNN’s “All Over the Map” survey did provide several interesting takeaways. Some may be instructive about the midterm election climate, at least at this beginning stage.
A 2-year-old child is among at least five people who were killed when a Mexican Navy plane carrying medical patients crashed into the waters of Galveston Bay in Texas on Monday afternoon, US Coast Guard officials say.
The Trump administration is suing the local government of Washington, DC, over its gun laws, alleging that restrictions on certain semiautomatic weapons run afoul of Second Amendment rights.
Vince Zampella, one of the creators behind best-selling video games such as “Call of Duty,” has died. He was 55.
President Donald Trump said Monday the US remains in active pursuit of an oil tanker off the coast of Venezuela, more than 24 hours after the chase began, while repeating his threats against Venezuelan President Nicolás Maduro.
Vice President JD Vance has never looked more like the presumptive 2028 Republican presidential nominee.