Gasoline futures fell more than 10 percent Tuesday and are down more than 22 percent since June, raising hopes that the high price of gas across the country might soon fall. The price of U.S. crude oil fell more than 8 percent and international benchmark Brent crude fell nearly 10 percent on Tuesday.
"We're on the cusp of seeing more savings," said Patrick De Haan, head of petroleum analysis at gas price tracking site GasBuddy. "I'm trying to be a little bit optimistic here that this relief could make its entire way to the pump in the weeks ahead."
The national average for a gallon of gasoline now stands at $4.78, according to AAA, down from a recent peak above $5 per gallon. A year ago, the national average was only $3.13, representing a 50 percent year-over-year spike in the price of gas. And any drop in gasoline prices may also provide some political respite for the Biden administration, since even though presidents have little control over gasoline prices, they still face blame from voters and their political foes. Read more. |
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| Welcome to The Hill's Evening Report, catching you up on news from the afternoon and looking at the big stories likely to impact tomorrow. |
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📉 Biden in Ohio touts economic agenda amid sinking polls |
President Biden spent Wednesday afternoon in the key swing state of Ohio courting union workers, seeking to convince voters his policies are helping buttress the middle class as polls continue to show Americans souring on his handling of the economy. |
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💵 Biden administration unveils sweeping student loan changes
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The Biden administration on Wednesday announced several new proposed changes to the federal student loan system, including measures that help discharge loans for physically and mentally disabled borrowers, limit interest capitalization rates, and help borrowers working as public service employees to earn forgiveness on their loans. |
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🏛️ Cipollone to testify before Jan. 6 panel on Friday: reports |
Former White House counsel Pat Cipollone is expected to testify Friday behind closed doors before the House committee investigating the Jan. 6, 2021, Capitol riot, according to multiple news reports. |
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📗 Mayor: Having handbook for mass shooting response is 'ridiculous' |
Highland Park, Ill., Mayor Nancy Rotering (D) slammed the country's response to mass shootings after sharing that she received a handbook for mayors responding to such tragedies after a gunman opened fire at a Fourth of July parade in her city, killing seven and injuring dozens more. |
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📝 Police: No grounds to deny parade shooting suspect a gun license |
The Illinois State Police released a statement Tuesday saying that there were no grounds to deny the shooting suspect in the Highland Park, Ill., Fourth of July parade shooting, Robert "Bobby" Crimo III, a gun license. |
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🚨 DOJ makes 1,500 arrests in 10 cities during violent crime crackdown
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The Justice Department (DOJ) has made more than 1,500 arrests across 10 cities in the past month as part of an operation to crack down on violent crime, according to a Wednesday news release. |
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| Our new YouTube channel posts rapid updates on the top story of the day, tracking key figures in politics and making sense of important policy decisions and how they impact your life. |
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💻 Pentagon allows networks to access abortion-related websites
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The Department of Defense (DOD) said Wednesday that it will allow its networks to access abortion-related websites, permitting military and civilian personnel to access those sites on the agency's computers. |
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🏀 Biden, Harris speak with wife of Brittney Griner about her detention
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President Biden and Vice President Harris spoke with the wife of Brittney Griner to offer support as the WNBA star remains detained in Russia.
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👮 Biden: DOJ will take 'appropriate action' in Jayland Walker shooting |
President Biden on Wednesday told a crowd in Cleveland that the Justice Department will take "appropriate action" if an investigation finds that violations occurred in the shooting of Jayland Walker, a Black man who was killed by police during an attempted traffic stop in Akron last week.
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⏰ Akron mayor lifts curfew imposed after Jayland Walker shooting
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The mayor of Akron, Ohio has lifted a curfew imposed amid ongoing demonstrations after the police-involved shooting of Jayland Walker.
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🚓 'Hero citizen' tipped off police, helped prevent July 4 shooting in Va.
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Police in Richmond, Va., said they thwarted a mass shooting planned for July 4th after a "hero citizen" tipped them off on two suspects, leading to officers seizing three firearms and ammunition from ahead of Independence Day. |
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🍼 FDA working to allow overseas formula makers to stay in US market
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The Biden administration is working on a plan that will allow foreign manufacturers of infant formula to keep their products on the market in the U.S. long term, the Food and Drug Administration announced Wednesday.
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📚 Biden administration takes steps to address pandemic learning loss
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The Biden administration launched Tuesday a new effort to help K-12 students who have fallen behind academically due to school closures and disruptions caused by the COVID-19 pandemic. |
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📊 Abbott leading O'Rourke by 6 points in Texas governor's race: poll
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Texas Gov. Greg Abbott (R) is leading his Democratic gubernatorial challenger, former Rep. Beto O'Rourke, by 6 percentage points, according to a new poll released Wednesday. |
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🗣️ White House's Bedingfield to step down as communications director
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White House communications director Kate Bedingfield will be stepping down this summer, a source familiar with the move confirmed to The Hill. |
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💉 Drug pricing bill removes insulin cost cap amid bipartisan push
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Senate Democrats' latest bill to lower prescription drug prices removes a provision to cap patients' insulin costs at $35 per month, legislation that comes amid a push for a separate bipartisan bill on insulin.
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🏌️ Only 16 percent of PGA fans watched first Saudi Golf League event
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A new poll found that less than a quarter of PGA fans tuned into the first LIV Golf event in London last month as pro golfers who have joined the league face increasing scrutiny for joining. |
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Community colleges can become America's AI incubators
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"If the United States aims to maintain its global lead and competitive advantage in AI, it must recognize that community colleges hold a special spot in our education system and are too important to be overlooked any longer," writes Luke Koslosky, a research analyst at Georgetown University's Center for Security and Emerging Technology. |
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