BELOW SUPERNAV drop zone ⇩

Gas prices hit new record of $4.86 per gallon

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Testing widget old system

Lorenzo shared

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

WASHINGTON (NewsNation) — Americans are seeing new record highs at gas stations across the country, as President Joe Biden tries to command his biggest domestic issue: inflation.

The national average topped $4.80 per gallon this week, which is double the price of gas when Biden took office. A gallon of regular gas at the time was on average $2.38 per gallon in January 2021.

Currently, the price of regular gas is more than $5 per gallon for residents in California, Hawaii, Alaska, Arizona, Michigan, Illinois, Nevada, Washington and Oregon.

Gas prices continue to rise as the Biden administration scrambles to tame inflation.

Senior administration officials say that this is a problem and it is a challenge. Commerce Secretary Gina Raimondo says that Biden wakes up every day and goes to bed every night thinking about how to get a lid on the out-of-control prices in America.

Raimondo also says the president is now weighing lifting some of the Trump-imposed tariffs on China. The tariffs were imposed on hundreds of billions of dollars worth of Chinese goods that happened during the trade war back in 2018 and 2019.

The White House is considering whether removing some of those tariffs could help lower prices on goods in the U.S.

Your Money

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Cloudy

la

65°F Cloudy Feels like 65°
Wind
0 mph E
Humidity
77%
Sunrise
Sunset

Tonight

Partly cloudy skies early will give way to cloudy skies late. Low 61F. Winds light and variable.
61°F Partly cloudy skies early will give way to cloudy skies late. Low 61F. Winds light and variable.
Wind
6 mph W
Precip
8%
Sunset
Moon Phase
Waning Gibbous