Fauci says ‘full-blown’ COVID-19 pandemic is almost over in US
Dr. Anthony Fauci, the chief medical adviser for President Biden, said in an interview published Tuesday that the U.S. is almost past the “full-blown” pandemic phase of the coronavirus and said he hopes that all virus-related restrictions could wind down in a few months. Fauci discussed his idea of the virus’s trajectory with the Financial Times. He told the paper that the government response to the disease will eventually be handled on a local level and not federal.
Oil prices: ‘It’s going to be very easy’ to get to $100/barrel, analyst says
Energy and oil prices have been on fire over the last six months — and expect them to go higher, says one analyst. “For multiple reasons, there’s still room to go higher in the coming weeks,” Troy Vincent, DTN senior market analyst, told Yahoo Finance Live. Some strategists have been forecasting $100 barrel for oil. “I wouldn’t say it’s inevitable, but it’s going be very easy to get there,” said Vincent.
What the Ukraine Crisis Means for Oil Prices
A Russian invasion of Ukraine could materially disrupt the global oil supply in several ways, but none are likely, in our view. Nevertheless, with the global oil supply/demand balance already tight, the added geopolitical risk has been a factor in the recent uptick in crude prices (along with Kazakhstan fuel protests, Libyan supply outages, and the limited impact of the omicron variant on demand).
‘Pain at the pump’: Your medium-sized car costs you $12 more per tank of gas than a year ago
Gas prices are continuing to surge up with no signs of slowing down, according to the American Automobile Association. The national average for gas is $3.46 per gallon as of Tuesday, slightly up from yesterday’s average of $3.44 and nearly a dollar more than last year’s average of $2.47. That means the average person is spending about $12 more to fill up a tank of gas in a medium-sized car.